1. INTRODUCTION
The Board of Directors of Taghill wishes to announce that the Company's wholly-owned subsidiary, Taghill Projects Sdn. Bhd. ("TPSB"), has accepted a Letter of Award ("LOA") from Exsim MX4 Sdn. Bhd. (Registration No. 202201041160 (1486857-W) ("EMX4SB") on 15 June 2026 for the construction and completion of main building works and infrastructure works for D'Evia @ Kwasa Damansara (Package 2) comprising one (1) block of thirty-two (32)-storey serviced apartment with one (1) mezzanine floor and one (1) basement level, consisting of four hundred and forty (440) units of serviced apartments together with ancillary facilities, on No. 4 (PT 57026), Jalan Tasik Kenyir U4/21A, Kwasa Damansara, Seksyen U4, 40150 Shah Alam, Selangor Darul Ehsan ("Project").
2. INFORMATION ON EMPLOYER
EMX4SB was incorporated in Malaysia on 4 November 2022 as a private company limited by shares under the Companies Act 2016. EMX4SB is principally involved in property development.
3. INFORMATION ON CONTRACTOR
TPSB was incorporated in Malaysia on 3 November 2010 as a private company limited by shares under the Companies Act 1965 and is a wholly-owned subsidiary of Taghill. TPSB is principally involved in construction works.
4. INFORMATION ON THE LOA
The salient terms of the LOA are as follows:-
(a) Contract Sum : RM133,000,000.00;
(b) Scope of Works : Construction and completion of main building works and infrastructure works for D'Evia @ Kwasa Damansara (Package 2);
(c) Date of Commencement : Tentatively on 16 June 2026, subject to confirmation via architect's instruction;
(d) Duration of the Project : Twenty-eight (28) months from the Date of Commencement; and
(e) Performance Bond : RM6,650,000.00, being 5% of the Contract Sum.
5. FINANCIAL EFFECTS
The LOA is expected to contribute positively to the earnings and net assets of Taghill and its subsidiaries (the "Group") for the financial year ending 31 May 2027 onwards throughout the duration of the Project.
The LOA is not expected to have any effect on the share capital and shareholding structure of the Company.
6. RISK FACTORS
There are no foreseeable significant risks other than the usual operational risks associated with the LOA, which are in the ordinary course of business of the Group.
7. DIRECTORS' AND/OR MAJOR SHAREHOLDERS' INTERESTS
None of the Directors and/or major shareholders of the Company and/or persons connected with them has any interest, whether direct or indirect, in the LOA.
8. STATEMENT BY THE BOARD
The Board of Directors of Taghill is of the opinion that the acceptance of the LOA is in the best interest of the Company.
This announcement is dated 15 June 2026.