Reference is made to our announcements dated 29 December 2023, 29 January 2024, 31 May 2024, 30 October 2024,19 March 2026, 29 May 2026, 26 June 2026 and 31 July 2026.

The Board of Directors of BKCB wish to inform that the Company received a letter today from Universiti Islam Melaka Berhad (formerly known as Kolej Teknologi Islam Melaka Berhad) ("UIMB") 

setting out its proposed settlement arrangement.

Under the proposed arrangement, UIMB has proposed to continue making monthly payments to OPM amounting to RM14.7 million in aggregate, as well as additional payments towards the 

outstanding indebtedness amounting to RM10.0 million, based on the following schedule:-

a) RM600,000 for September 2026;

b) RM700,000 per month for the period from October 2026 to December 2026;

c) RM1,000,000 per month for the period from January 2027 to December 2027; and

d) RM2,000,000 per quarter for five (5) quarters commencing September 2026 and ending September 2027.

UIMB has further proposed to target either (i) the settlement of the outstanding indebtedness and MBSB financing of OPM and the subsequent termination of the Concession Agreement; 

or (ii) subject to the approval of the Board of Directors of UNIMEL, the takeover of OPM from BKCB by September 2027, with an extension until December 2027.

UIMB has also requested for the EISP to be extended to September 2027 to facilitate its efforts towards achieving the proposed settlement.

Having considered the circumstances and in the best interests of the Company, the Board has agreed to grant the extension of the EISP to September 2027.

The Company will make the necessary announcement as and when there are any further material developments.

This announcement is dated 1 September 2026.