(Reference is made to the announcement dated 9 May 2024 in relation to the entry into Joint Venture Agreement (“JVA”) and Shareholders Agreement by Kerjaya Property JV Sdn. Bhd. (“KPJV”), a wholly-owned subsidiary of KPPROP with Aspen Vision City Sdn. Bhd. (“AVC”) to jointly develop a piece of land in Batu Kawan, Pulau Pinang via a special purpose vehicle (“SPV”) (“Announcement”). Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the Announcement.)

The Board of Directors of the Company wishes to announce that KPJV and AVC (collectively, the “Parties”) have on 23 September 2024 mutually agreed to extend the Unconditional Date until 6 December 2024, to allow more time for the Parties to fulfill the conditions precedent pursuant to the JVA.

Details of the announcement are set out in the file attached.

This announcement is dated 23 September 2024.