On behalf of the Board of Directors of RSSB ("Board"), UOB Kay Hian (M) Sdn Bhd (formerly known as UOB Kay Hian Securities (M) Sdn Bhd) ("UOBKH") wishes to announce that the Company proposes to undertake the following:-

i.          proposed acquisitions by RSSB of the following:-

a.         33,100,000 ordinary shares in Rivertree Landmark Sdn Bhd ("RLSB") ("RLSB Sale Share(s)"), representing 100% equity interest in RLSB from Dato' Leong Sai Mun, Soon Kian Cheong, Ong Choong Leo, Choong Yoke Far and Benjamin Fong Hian Boon (collectively, the "RLSB Vendors"), for a purchase consideration of RM32,717,000 ("RLSB Purchase Consideration") to be satisfied entirely via cash ("Proposed Acquisition of RLSB"); and

b.         2,000,000 ordinary shares in Rivertree Signatures Sdn Bhd ("Rivertree Signatures") ("Rivertree Signatures Sale Share(s)"), representing 100% equity interest in Rivertree Signatures from Dato' Leong Sai Mun and Choong Yoke Far (collectively, the "Rivertree Signatures Vendors") for a purchase consideration of RM13,571,000 ("Rivertree Signatures Purchase Consideration") to be satisfied entirely via cash ("Proposed Acquisition of Rivertree Signatures").

(Proposed Acquisition of RLSB and Proposed Acquisition of Rivertree Signatures shall collectively be referred to as the "Proposed Acquisitions"); and

ii.          proposed disposal by RSSB of 250,000 ordinary shares in Irama Setia Sdn Bhd ("ISSB") ("ISSB Sale Share(s)"), representing 100% equity interest in ISSB to Datuk Seri Rahadian Mahmud bin Mohammad Khalil ("Purchaser") for a disposal consideration of RM12,972,000 ("Disposal Consideration") to be satisfied entirely via cash ("Proposed Disposal").

(Collectively referred to as the "Proposals").