1. INTRODUCTION

The Board of Directors of HCK Capital Group Berhad ("HCK" or "the Company") wishes to announce that the Company has taken a further step towards the revitalisation and continuation of the Subang Sentral mixed development

project ("Subang Sentral Development").

As part of HCK's efforts in facilitating the revival of the Subang Sentral Development, the Company had, via its wholly owned subsidiary company, HCK Sentral Sdn Bhd, on 18 March 2026, formalised the appointment of Binastra Builders

Sdn. Bhd., the wholly owned subsidiary company of Binastra Corporation Berhad, as the main contractor for the construction and completion of phase one of Subang Sentral Development (hereinafter referred to as "the Contract").  

The total contract value for the Contract is RM316,492,990.27, excluding the Service Tax, for a duration of 42 months, for the 1st phase. 

2. DESCRIPTION OF THE CONTRACT

The Phase 1 Contract covers a proposed mixed development comprising:

a) completion of partially completed basement, podium carparking, Tower A, & LOSO units (duplex); 
b) 2 new towers (Tower G1 & G2) including carparking; 
c) related infrastructure works on Lot 74744, measuring approximately 10.67 acres, located at Persiaran Subang Permai USJ 1 Subang Jaya, Mukim Damansara, Daerah Petaling, Selangor Darul Ehsan. 

3. RATIONALE

The appointment of the main contractor is undertaken to facilitate the implementation and progress of the Subang Sentral Development, in line with the Company's efforts to revitalise and complete the project.

Subang Sentral Development is envisioned as a smart low-carbon mixed development, designed to create a future-ready and sustainable urban community. The mixed development is planned to incorporate an international school, a health 

hub, an adult learning centre and a pet-friendly residential tower, forming an integrated ecosystem that supports education, wellness and modern lifestyle needs.

The revitalisation of Subang Sentral Development also aims to benefit the purchasers who have been awaiting the completion of their units for many years by ensuring the project progresses in an orderly and timely manner. HCK remains 

committed to delivering a high-quality development that meets the expectations of its future residents and stakeholders while fostering a sustainable and integrated urban community. 

4. FINANCIAL EFFECTS

The Contract is undertaken at the project level. Accordingly, the Contract will not have any effect on the issued share capital of HCK and is not expected to have any immediate material effect on the net assets, gearing and earnings of the

HCK Group for the financial year ending 31 December 2026. However, the Contract is expected to contribute positively to the earnings of the HCK Group in future financial years.

5. RISK FACTORS

The Company does not foresee any additional risks arising from the Contract other than the normal operational risks associated with property development projects, including construction and completion risks. The Company will continue to 

monitor and manage these risks in the ordinary course of business.  

6. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED WITH THEM

None of the Directors, major shareholders of HCK, and/or persons connected with them has any interest, direct or indirect, in the Contract.

7. STATEMENT BY DIRECTORS

The Board of Directors of HCK, having considered all aspects of the Contract, is of the opinion that the appointment of the main contractor is in the best interest of the Company.

A copy of the Company's press release dated 18 March 2026 in relation to the above is attached.

This announcement is dated 18 March 2026.