The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals.

We refer to the announcements dated 12 September 2023, 7 December 2023, 21 December 2023 and 4 March 2024 in relation to the Acquisition and Lease.

On behalf of the Board, UOBKH wishes to announce that the Trustee, on 26 March 2024, accepted KCSB's request to waive the remaining Conditions Precedent, which shall now become Conditions Subsequent of the SPA. Following the waiver, the SPA is scheduled to be unconditional on 27 March 2024 ("Unconditional Date"), and the parties shall fulfil the Conditions Subsequent within two (2) months from the Unconditional Date or such other extended period as may be determined by the Trustee. In consideration of the foregoing, KCSB proposed a discount of RM1.50 million from the initial Purchase Consideration of RM150.00 million.

Further details of the variation are set out in the attachment enclosed.

This announcement is dated 26 March 2024.