On behalf of the Board of Directors of Johan ("Board"), UOB Kay Hian (M) Sdn Bhd (formerly known as UOB Kay Hian Securities (M) Sdn Bhd) ("UOBKH") wishes to announce that Lumut Park Resort Sdn Bhd ("LPR" or the "Vendor"), a 80%-owned subsidiary of Johan, had on 16 February 2026 entered into a conditional sale and purchase agreement ("SPA") with Golden Peak Hospitality & Consultancy Sdn Bhd ("GPHC" or the "Purchaser") and Bujang Holdings Sdn Bhd (being the ultimate shareholder of GPHC) for the proposed disposal by LPR ("Proposed Disposal") of the following:-

i. a hotel known as 'The Orient Star Lumut' comprising a total of 150 rooms with a gross floor area of approximately 15,371.4 square meters, bearing postal address of Lot 203 & 366, Jalan Iskandar Shah, 32200, Lumut, Perak, Malaysia, together with all fixtures and fittings, and situated on the leasehold land held under Pajakan Negeri No. 157959, Lot 1025, Bandar Lumut, Daerah Manjung, Negeri Perak measuring approximately 13,167 square meters ("Hotel");

ii. leasehold land held under Pajakan Negeri No. 157958, Lot 1024, Bandar Lumut, Daerah Manjung, Negeri Perak measuring approximately 6,857 square meters ("Land 1");

iii. leasehold land held under Pajakan Negeri No. 256916, Lot 1106, Bandar Lumut, Daerah Manjung, Negeri Perak measuring approximately 13,064 square meters ("Land 2"); and

iv. leasehold land held under Pajakan Negeri No. 256917, Lot 1107, Bandar Lumut, Daerah Manjung, Negeri Perak measuring approximately 7,172 square meters ("Land 3").

Further details of the Proposed Disposal are set out in the attachment enclosed.

This announcement is dated 16 February 2026.