1. INTRODUCTION
The Board of Directors of EHB ("the Board") wishes to announce that EXSIM Concepto Sdn. Bhd. ("ECSB"), a wholly-owned subsidiary of the Company, had on 30 June 2026 accepted the letter of award dated 29 June 2026 ("LOA") awarded by Dynamicz Sdn. Bhd. ("DSB") for the demolition and architecture works at Lot 86342 dan Lot PT 44017, Jalan Damansara, Damansara Perdana, Mukim Sungai Buloh, Daerah Petaling, Selangor ("Contract Works").
2. INFORMATION ON ECSB
ECSB was incorporated in Malaysia as a private company limited by shares having its registered address at No. D-09-02, Level 9, EXSIM Tower, Millerz Square @ Old Klang Road, Megan Legasi, No. 357, Jalan Kelang Lama, 58000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur.
The nature of business of ECSB is principally involved in providing specialised fit-out services for hospitality property assets, general contracting business and centralised procurement business.
3. INFORMATION ON DSB
DSB was incorporated in Malaysia as a private company limited by shares and having its business address at D-35-01, Level 35, EXSIM Tower, Millerz Square @ Old Klang Road, Megan Legasi, No. 357, Jalan Kelang Lama, 58000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur.
The nature of business of DSB is principally involved in housing developers and building contractors, as well as carrying on the business of estate property, land and house agents including the purchase and sell for any persons freehold or other property, buildings or land, or any share or interest therein.
4. DETAILS OF THE LOA
(a) The contract sum for the Contract Works is RM66,810,000.00 (Ringgit Malaysia: Sixty-Six Million Eight Hundred and Ten Thousand) only ("the Contract Sum").
(b) The date of commencement shall be on 3 July 2026 and is scheduled for completion on 2 February 2027, with a duration of seven (7) months.
(c) The defects liability period shall be twelve (12) months commencing from the date of Certificate of Practical Completion of completed works.
(d) ECSB shall carry out the Contract Works in accordance with the other supplementary terms and conditions set out in the LOA.
5. FINANCIAL EFFECTS
The acceptance of the LOA by ECSB to undertake the Contract Works is expected to contribute positively to the net assets per share, earnings per share and gearing of the Company throughout the duration of the Contract Works.
6. RISK FACTORS
The Company does not foresee any exceptional risk other than the normal operational risks associated with the LOA and/or the Contract Works. Nevertheless, the Company will take the necessary steps to mitigate the risks as and when they occur.
7. APPROVAL REQUIRED
The acceptance of the LOA is not subject to the approval from the Company's shareholders and/or any regulatory authorities.
8. DIRECTORS' AND MAJOR SHAREHOLDERS' AND/OR PERSONS CONNECTED WITH A DIRECTOR OR MAJOR SHAREHOLDER'S INTERESTS
The Contract Works is regarded as recurrent related party transactions of a revenue or trading nature ("RRPT") pursuant to Main Market Listing Requirements of Bursa Malaysia Securities Berhad of which renewal mandate to enter into such RRPT had been obtained from its shareholders at the Annual General Meeting of the Company held on 27 November 2025.
Mr. Lim Aik Hoe, Mr. Lim Aik Kiat, and Mr. Lim Aik Fu (collectively, the "Interested Major Shareholders") are major shareholders of the Company, holding a 72.56% indirect interest in EHB through their direct shareholding in EXSIM Hospitality Holdings Sdn. Bhd., pursuant to Section 8 of the Companies Act 2016.
Mr. Lim Aik Hoe and Mr. Lim Aik Kiat are also directors of DSB. The Interested Major Shareholders hold 100% indirect interest in DSB via their direct shareholding in EXSIM Development Sdn. Bhd., pursuant to Section 8 of the Companies Act 2016.
Save as disclosed above, none of the Directors, major shareholders of the Company, and/or persons connected to them has any interest, direct or indirect, in the Contract Works.
9. STATEMENT BY THE BOARD OF DIRECTORS
The Board, after having considered all aspects of the LOA and the Contract Works, is of the opinion that the LOA and the Contract Works are within the ordinary course of business of EHB and the acceptance of the LOA is in the best interest of the Company.
This announcement is dated 30 June 2026.