【CGB 8052 交流专区】（前名 CICB）

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CENTRAL GLOBAL BERHAD

Date of change	02 Dec 2021
Name	DATO' FAISAL ZELMAN BIN DATUK ABDUL MALIK
Age	48
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Executive Chairman
New Position	Non Executive Chairman
Directorate	Non Independent and Non Executive

Qualifications

No

Qualifications

Major/Field of Study

Institute/University

Additional Information

Working experience and occupation

2019 to current - Director Corporate Affairs of Fomema Sdn. Bhd.2018 to current - Managing Director of Ciscorp Sdn. Bhd. (formerly known as Semerak Services Sdn Bhd )2020 to 2021 - Independent Non-Executive Director of Vizione Holdings BerhadJuly 2020 to October 2020 - Independent Non-Executive Director of Scomi Group Berhad2017 to 2020 - Managing Director of Ciscorp Asia Sdn. Bhd.2017 to 2018 - Managing Director of Group Force Security 2016 to 2019 - Independent Non-Executive Director of Avillion Berhad 2018 to 2019 - Independent Non-Executive Director of Irtex Berhad1997 to 2019 - Managing Director of Urban Glory Travel Sdn. Bhd.1995 to 2010 - Team Principal and Driver of Fugazi Racing Team 1993 to 2010 - Marketing Executive of RMT Metals Sdn. Bhd. 1992 - Floor Trader Assistant of Future Trading Sdn. Bhd.

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Type	Announcement
Subject	OTHERS
Description	Acceptance of Letter of Award From Pembinaan Urusmesra Sdn. Bhd. In Respect of the Subcontract Works for the Projek Jalan Semawang Ke Tanjung Kuala Gum-Gum, Sandakan, Sabah Amounting to RM183,288,000.00
1.      INTRODUCTION          The Board of Directors of Central Global Berhad (“CGB" or "Company”) wishes to announce that RYRT International Sdn. Bhd. ("RYRT International"), a 70% owned subsidiary of the Company had on 28 September 2022 accepted a letter of award from a third-party main contractor, Pembinaan Urusmesra Sdn. Bhd. for the sub-contract works including the supply of plant, machinery, labour and materials required for the construction and completion of a project known as "Projek Jalan Semawang Ke Tanjung Kuala Gum-Gum, Sandakan, Sabah" for a contract sum of Ringgit Malaysia One Hundred Eighty-Three Million Two Hundred Eighty-Eight Thousand (RM183,288,000.00) ("Contract"). 2.      DESCRIPTION OF THE CONTRACT          The detailed scope of the sub-contract works shall comprise but not limited to the following (“Project”):-          (i)      To construct and complete "Projek Jalan Semawang Ke Tanjung Kuala Gum-Gum, Sandakan, Sabah" namely Environmental Protection and Enhancement, Traffic Management and Control, Demolition and Site Clearance, Earthworks, Geo-technical Works, Precast Reinforced Panel Wall & Pile Embankment, Drainage Work, Road and Pavings, Internal Bridge, Lighting, Access Road for Esscom, and any provisional sum items as may be instructed by Jabatan Kerja Raya Sabah.          (ii)     To provide, install, dismantle and remove of all temporary structure, machine and equipment, and scaffolding for successful completion of works.          (iii)    To provide, maintain and remove all preliminary items such as vehicles, office equipment, office, stores and all other items as specified in Bill of Quantities. The Project shall commence on 14 October 2022 and is estimated to be completed by 13 October 2025. 3.      RATIONALE The acceptance of the Contract is in the ordinary course of business of RYRT International and will enhance its existing order book.  It is expected to provide an additional stream of revenue and profits to the Group over the next three (3) years. 4.      RISK There are no foreseeable significant risks other than normal operational risks associated with projects of such nature during the tenure of the Project. 5.      FINANCIAL EFFECT The Contract will have no effect on the share capital of the Company but is expected to contribute positively to the earnings and net assets per share of the Group for the financial years ending 2023 to 2025. 6.      DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the directors and/or major shareholders of the Company or persons connected to with them have any interest, direct or indirect, in the Contract. This announcement is dated 28 September 2022.

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CENTRAL GLOBAL BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Exercise of Warrants
Details of corporate proposal	Conversion of Warrants to Ordinary Shares
No. of shares issued under this corporate proposal	2,064,500
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.8000
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	160,642,044
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 119,674,077.610
Listing Date	12 Sep 2023

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CENTRAL GLOBAL BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Acquisitions
Details of corporate proposal	Issuance of 10,200,000 consideration shares pursuant to the acquisition of the remaining 30% equity interest in RYRT International Sdn Bhd
No. of shares issued under this corporate proposal	10,200,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   1.3000
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	172,875,094
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 134,560,517.610
Listing Date	05 Oct 2023

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CENTRAL GLOBAL BERHAD

Particulars of substantial Securities Holder

Name	RYRT HOLDINGS SDN. BHD.
Address	No. 659, 2nd Floor, Jalan Haruan 4/10, Oakland Industrial Park, Seremban 70300 Negeri Sembilan Malaysia.
Company No.	202201000301 (1445998-W)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	04 Oct 2023	10,200,000	Others	Direct Interest
	Name of registered holder	RYRT HOLDINGS SDN. BHD.
	Address of registered holder	No. 659, 2nd Floor, Jalan Haruan 4/10,Oakland Industrial Park, 70300 Seremban, Negeri Sembilan.
	Description of "Others" Type of Transaction	Consideration shares

Circumstances by reason of which change has occurred	Consideration shares arising from the disposal of RYRT International Sdn. Bhd.
Nature of interest	Direct Interest
Direct (units)	20,168,108
Direct (%)	11.666
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	20,168,108
Date of notice	06 Oct 2023
Date notice received by Listed Issuer	06 Oct 2023

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CENTRAL GLOBAL BERHAD

Date of change	16 Oct 2023
Name	MR YAP YIK YONG
Age	39
Gender	Male
Nationality	Malaysia
Type of change	Resignation
Designation	Others
Reason	To pursue other interests
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No

Qualifications

No Qualifications Major/Field of Study Institute/University Additional Information 1 Professional Qualification Accountancy Malaysian Institute of Accountants Member 2 Professional Qualification Professional Certificate Certificate Practicing Accountant  Australia Member 3 Masters Master of Business Administration University of Southern Queensland Graduate 4 Degree Bachelor Degree in Accountancy Charles Sturt University Graduate
Working experience and occupation	Mr. Yap Yik Yong has more than 18 years of experience in the management of group of companies with diverse businesses experiences in Malaysia and oversea countries. His specialty areas include Group reporting, treasury management and budgeting, cost rationalisation, corporate finance, tax planning, risk management, investment evaluation, business strategies, merger and acquisition, Enterprise Resources Planning (ERP) system implementation and operation management. His experience covers various industries such as real estate, construction, property development, manufacturing and oil and gas services.Prior to joining Central Global Berhad, he had worked with a public listed company, big four (4) accounting firm and several privately owned companies.
Family relationship with any director and/or major shareholder of the listed issuer	No
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	None

Remarks :

Mr. Yap Yik Yong was designated as Group Financial Controller

Date of change	16 Oct 2023
Name	MR NG JIA WEI
Age	44
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Others

Qualifications

No Qualifications Major/Field of Study Institute/University Additional Information 1 Professional Qualification Accountancy Malaysian Institute of Accountants Member 2 Professional Qualification Professional Certificate Certified Practicing Accountant, Australia Member 3 Degree Bachelor of Business(Accounting) Charles Sturt University, Australia Graduate
Working experience and occupation	Mr. Ng Jia Wei is an experienced Financial Controller with a diverse background in financial audit, finance, management accounting, treasury, corporate finance, corporate governance, regulatory compliance, and merger & acquisition. His career spans 23 years both domestic and international roles, during which he has demonstrated a strong ability to address complex financial issues and find practical solutions for financial, operating, and reporting processes. He has also been instrumental in building teams, enhancing capabilities, and implementing systems to align with business objectives while ensuring corporate compliance and governance, and managing financial risks.Prior to taking on the role of Group Financial Controller at Central Global Berhad, Mr. Ng worked for one of the big four accounting firms and held management positions at various companies listed on the Singapore Exchange (SGX) as well as private companies. His experience extends across various industries, including construction, property development, manufacturing, tourism, banking, logistics, and oil and gas services. Mr. Ng's educational background includes a Bachelor of Business degree with a major in accounting from Charles Sturt University, which he earned in the year 2001. Additionally, he is a member of both CPA Australia and the Malaysia Institute of Accountants (MIA).
Directorships in public companies and listed issuers (if any)	No
Family relationship with any director and/or major shareholder of the listed issuer	None
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	None

Remarks :

Mr. Ng Jia Wei is designated as Group Financial Controller.

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Type	Announcement
Subject	OTHERS
Description	Acceptance of Letter of Award From Mahiribu Sdn. Bhd. in Respect of the Subcontract Work for the "Projek Bekalan Air Luar Bandar (BALB) Sistem Retikulasi Tahun 2018/2019 Negeri Sabah Bahagian Lahad Datu" amounting to RM15,242,000.00
1. INTRODUCTION The Board of Directors of Central Global Berhad (“the Company”) wishes to announce that the Company’s wholly-owned subsidiary, Proventus Bina Sdn. Bhd. (“PBSB”), had on 17 October 2023 accepted a letter of award from the third-party main contractor, Mahiribu Sdn. Bhd. in respect of the subcontract works such as supplying of plant, machinery, labour and material required for the construction and completion of the “Projek Bekalan Air Luar Bandar (BALB) Sistem Retikulasi Tahun 2018/2019 Negeri Sabah Bahagian Lahad Datu” (“the Contract”). The Contract is for a sum of Ringgit Malaysia Fifteen Million Two Hundred Forty-Two Thousand (RM15,242,000.00) only. The Contract is for a period commencing on 18 October 2023 and ending on 16 April 2025. 2. SCOPE OF THE CONTRACT The subcontract work shall comprise but not be limited to the following:- (i) To construct and complete ‘Projek Bekalan Air Luar Bandar (BALB) Sistem Retikulasi Tahun 2018/2019 Negeri Sabah Bahagian Lahad Datu’ namely site clearing, earthworks, piling works, piping works, reservoir, pumping system and any provisional sum items as instructed by the employer, Kementerian Kemajuan Desa Dan Wilayah (KKDW). (ii) To provide, install, dismantle and remove of all temporary structures, machines and equipment, and scaffolding for successful completion of works. (iii) To provide, maintain and remove all preliminary items such as vehicles, office equipment, office, stores, and all other items as specified in the Bill of Quantities. 3. RATIONALE The acceptance of the Contract is in the ordinary course of business of PBSB and will enhance the existing order book and is expected to provide a steady stream of revenue to the Group over the next one and a half years. 4. RISK Other than risks that may arise from the uncertainties of the Covid-19 pandemic, there are no foreseeable significant risks other than normal operational risks associated with the project during the project period. 5. FINANCIAL EFFECT The Contract will have no effect on the share capital of the Company but is expected to contribute positively to the earnings and net assets per share of the Group for the financial years ending 2023 to 2025. 6. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the Contract. This announcement is dated 17 October 2023.

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CENTRAL GLOBAL BERHAD

Instrument Category	Securities of PLC
Instrument Type	Warrants
Description	Issuance of 244,691,418 free Warrants B in Central Global Berhad ("CGB" or "Company") ("Warrant(s) B") on the basis of 1 Warrant B for every 3 existing ordinary shares in CGB ("CGB Share(s)") held by entitled shareholders of the Company at 5:00 p.m. on 11 March 2024 ("Free Issue of Warrants B")

Listing Date	15 Mar 2024
Issue Date	13 Mar 2024
Issue/ Ask Price	Not Applicable
Issue Size Indicator	Unit
Issue Size in Unit	244,691,418
Maturity	Mandatory
Maturity Date	12 Mar 2027
Revised Maturity Date
Name of Guarantor	Not Applicable
Name of Trustee	Not Applicable
Coupon/Profit/Interest/Payment Rate	Not Applicable
Coupon/Profit/Interest/Payment Frequency	Not Applicable
Redemption	Not Applicable
Exercise/Conversion Period	3.00   Year(s)
Revised Exercise/Conversion Period	Not Applicable
Exercise/Strike/Conversion Price	Malaysian Ringgit (MYR)   0.7500
Revised Exercise/Strike/Conversion Price	Not Applicable
Exercise/Conversion Ratio	1:1
Revised Exercise/Conversion Ratio	Not Applicable
Mode of satisfaction of Exercise/ Conversion price	Cash
Settlement Type/ Convertible into	Physical (Shares)

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CENTRAL GLOBAL BERHAD

Particulars of substantial Securities Holder

Name	RYRT HOLDINGS SDN. BHD.
Address	No. 659, 2nd Floor, Jalan Haruan 4/10, Oakland Industrial Park, Seremban 70300 Negeri Sembilan Malaysia.
Company No.	202201000301 (1445998-W)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	13 Mar 2024	24,700,000	Disposed	Direct Interest
	Name of registered holder	Kenanga Nominees (Tempatan) Sdn. Bhd. - Pledged Securities Account for RYRT Holdings Sdn. Bhd.
	Address of registered holder	Level 15, Kenanga Tower 237, Jalan Tun Razak 50400 Kuala Lumpur
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal of Shares via off market
Nature of interest	Direct Interest
Direct (units)	57,972,432
Direct (%)	7.897
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	57,972,432
Date of notice	15 Mar 2024
Date notice received by Listed Issuer	15 Mar 2024

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CENTRAL GLOBAL BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Exercise of Warrants
Details of corporate proposal	Conversion of Warrants A to Ordinary Shares
No. of shares issued under this corporate proposal	9,498,968
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.2000
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	744,011,708
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 145,062,784.010
Listing Date	27 Mar 2024
2. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Exercise of Warrants
Details of corporate proposal	Conversion of Warrants B to Ordinary Shares
No. of shares issued under this corporate proposal	3,410,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.7500
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	747,421,708
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 147,620,284.010
Listing Date	27 Mar 2024

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CENTRAL GLOBAL BERHAD

Particulars of substantial Securities Holder

Name	RYRT HOLDINGS SDN. BHD.
Address	No. 659, 2nd Floor, Jalan Haruan 4/10, Oakland Industrial Park, Seremban 70300 Negeri Sembilan Malaysia.
Company No.	202201000301 (1445998-W)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	26 Mar 2024	11,203,068	Others	Direct Interest
	Name of registered holder	RYRT Holdings Sdn. Bhd.
	Address of registered holder	No. 659, 2nd Floor, Jalan Haruan 4/10, Oakland Industrial Park, 70300 Seremban, Negeri Sembilan
	Description of "Others" Type of Transaction	Conversion
2	26 Mar 2024	2,000,000	Acquired	Direct Interest
	Name of registered holder	BIMSEC Nominees (Tempatan) Sdn. Bhd. - Pledged Securities Account for RYRT Holdings Sdn. Bhd.
	Address of registered holder	Level 34, Menara Bank Islam, No 22, Jalan Perak, 50450 Kuala Lumpur
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Conversion of Warrants A and Warrants B to Ordinary Shares.Acquisition of shares via open market.
Nature of interest	Direct Interest
Direct (units)	72,425,500
Direct (%)	9.69
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	72,425,500
Date of notice	29 Mar 2024
Date notice received by Listed Issuer	29 Mar 2024

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2024	30 Jun 2023	30 Jun 2024	30 Jun 2023
		$$'000	$$'000	$$'000	$$'000

1	Revenue	33,229	47,435	61,745	110,935
2	Profit/(loss) before tax	784	3,240	1,312	7,652
3	Profit/(loss) for the period	292	2,180	350	5,040
4	Profit/(loss) attributable to ordinary equity holders of the parent	292	395	350	2,440
5	Basic earnings/(loss) per share (Subunit)	0.04	0.27	0.07	1.67
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1300		0.4800

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Type	Announcement
Subject	OTHERS
Description	Letter of award awarded by Pembinaan Urusmesra Sdn. Bhd. to RYRT International Sdn. Bhd. amounting to RM616,383,774.00 in respect of the sub-contract work for "Projek Lebuhraya Pan Borneo Sabah Fasa 1B: Menaik Taraf Jalan Dari Lahad Datu Bypass Ke Kg. Sandau Work Package (WP) 22"
1.      INTRODUCTION The Board of Directors of Central Global Berhad (“the Company”) wishes to announce that the Company’s wholly-owned sub-subsidiary, RYRT International Sdn. Bhd. (“RYRT”), had on 4 September 2024 accepted a letter of award awarded by an unrelated party, Pembinaan Urusmesra Sdn. Bhd. in respect of the sub-contract works such as supplying of plant, machinery, labour and material required for the construction and completion of the “Projek Lebuhraya Pan Borneo Sabah Fasa 1B: Menaik Taraf Jalan Dari Lahad Datu Bypass Ke Kg. Sandau Work Package (WP) 22” (“the Contract”). The Contract is for a sum of Ringgit Malaysia Six Hundred Sixteen Million Three Hundred Eighty-Three Thousand Seven Hundred Seventy-Four (RM616,383,774.00). The Contract is for a period commencing on 30 September 2024 and ending on 29 March 2028. 2.      SCOPE OF THE CONTRACT          The sub-contract work shall comprise but not be limited to the following:- (i)         To construct and complete "Projek Lebuhraya Pan Borneo Sabah Fasa 1B: Menaik Taraf Jalan Dari Lahad Datu Bypass Ke Kg. Sandau Work Package (WP) 22" namely Environmental Protection and Enhancement, Traffic Management and Control, safety and Health Management, Maintenance Works, Demolition and Site Clearance, Earthworks, Geothenical Works, Drainage Work, Road and Pavings, Bridge work, Street Lighting, Road Furniture, and any provisional sum items as instructed by the employer, Jabatan Kerja Raya Sabah (JKR Sabah). (ii)        To provide, install, dismantle and removal of all temporary structures, machines and equipment, and scaffolding for successful completion of works. (iii)       To provide, maintain and remove all preliminary items such as vehicle, office equipment, office, stores, and all other items as specified in the Bill of Quantities. 3.      RATIONALE The acceptance of the Contract is in the ordinary course of business of RYRT and will enhance the existing order book and is expected to provide a steady stream of revenue to the Group over the next three and a half years. 4.      RISK There are no foreseeable significant risks other than normal operational risks associated with the project during the project period. 5.      FINANCIAL EFFECT The Contract will have no effect on the share capital of the Company but is expected to contribute positively to the earnings and net assets per share of the Group for the financial years ending 2024 to 2028. 6.      DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the Contract. The Company's press release regarding the Contract is attached. This announcement is dated 4 September 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3481192

Attachments CGB-Letter of Award from Pembinaan Urusmesra-Press Release.pdf

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Change in Financial Year End

CENTRAL GLOBAL BERHAD

Old financial year end	31 Dec 2024
New financial year end	30 Jun 2025

Remarks :

The Board of Directors of Central Global Berhad ("Company") has approved the change in financial year end ("FYE") of the Company from 31 December 2024 to 30 June 2025. The next audited financial statements will be made up for 18 months from 1 January 2024 to 30 June 2025. The subsequent FYE shall be 30 June for the following years. The change of financial year end is to allow the Group to have better management and coordination of resources to enhance its business operations and reporting.

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Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	ACQUISITION OF PROPERTY BY RYRT INTERNATIONAL SDN. BHD., FOR A TOTAL CASH CONSIDERATION OF RM19.5 MILLION
The Board of Directors of Central Global Berhad (“CGB” or “the Company”) wishes to announce that the Company’ wholly-owned sub-subsidiary, RYRT International Sdn. Bhd. had on 1 October 2024 entered into a sale and purchase agreement with Sribina Resources Sdn. Bhd. for the purchase of a 4-storey office and showroom located at Lot 12, SEDCO Industrial Estate, Lorong Tomato, Jalan Kolombong, 88450 Kota Kinabalu, Sabah held under Title No. CL015379576, District of Kota Kinabalu measuring approximately 48,690 square feet at a total cash consideration of Ringgit Malaysia Nineteen Million Five Hundred Thousand (RM19,500,000.00) only. Please refer to the attachment for further details of the announcement. This announcement is dated 1 October 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3488097

Attachments Acquisition of property by RYRT International SB (attachment).pdf

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Type	Announcement
Subject	OTHERS
Description	ACQUISITION OF PROPERTY BY RYRT INTERNATIONAL SDN. BHD., FOR A TOTAL CASH CONSIDERATION OF RM19.5 MILLION - ADDITIONAL INFORMATION
Further to our announcement made on 1 October 2024, the Board of Directors of Central Global Berhad ("CGB" or "the Company") wishes to provide additional information in relation to the Acquisition. Unless otherwise stated, the terms used in this announcement shall carry the same meanings with the terms used in our announcement dated 1 October 2024. The additional information on the Acquisition is as follows:- 1. The purpose of the Acquisition is:- (a) Acquiring the Property is part of the overall strategy of increasing the Group’s profile as one of the leading construction group in East Malaysia (specifically in Sabah). As the group is expected to expand its presence in East Malaysia, the group is expected to employ additional employee which would require bigger office space. (b) To cross-sell and expand the presence of Central Industrial Corporation Berhad ("CICB")’s products by stocking its products in the Property. CICB is a wholly owned subsidiary of CGB, with its manufacturing plant in West Malaysia, i.e. Sungai Petani, Kedah. CICB is a public company and not listed on Bursa Malaysia Securities Berhad. Presently, it takes approximately 6 to 8 weeks for the products of CICB to be delivered to East Malaysia, namely Kota Kinabalu from CICB’s manufacturing plant in Sungai Petani, Kedah. Using this Property partly as a warehouse to store CICB’s products in East Malaysia is anticipated to improve the logistic management and expansion of CICB’s products in East Malaysia. (c) To be the headquarter/ warehouse/ storehouse for our vehicles/ machineries for our on-going and completed construction projects. For projects that are completed, we would require a proper storage place for the machineries which cannot be redeploy or used in other projects. 2. The valuation on the Property was undertaken by Azmi & Co (Sabah) Sdn. Bhd. (“Valuer”) with the inspection on the Property carried out by the Valuer on 8 May 2024 and the Valuation Report was dated 16 August 2024. The Valuer has undertaken contractor’s test valuation method on the Property. Further, the Valuer has also considered the value derived against the general level of values transacted as a check on the overall magnitude of the valuation in carrying out its valuation method. 3. The Property was built in 2011 and presently, it is approximately 13 years old. This announcement is dated 3 October 2024.