REPLY TO QUERIES IN RELATION TO THE PROPOSED ACQUISITION OF 4 PARCELS OF LAND SITUATED AT INDUSTRIAL ZONE 8, KOTA KINABALU INDUSTRIAL PARK

We refer to your Company’s announcement dated 11 June 2025 in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1. To incorporate the following additional information in relation to the term of payment:

(a) the party liable for the payment of tax and to quantify the amount of tax payable; 

(b) the total purchase consideration, inclusive of the additional amount payable by the Purchaser due to the amount of tax to be recovered by the Vendor ("Total Consideration");

(c) highest % ratio applicable based on the Total Consideration pursuant to paragraph 10.02(g) of the Main Market Listing Requirements; and

(d) breakdown of sources of funds for the payment of the Total Consideration.

  
2. To incorporate the following information in relation to the Properties:

     (a) whether the Properties are vacant;

     (b) terms of the tenure of the Properties; if leasehold, the expiry date of the lease;

     (c) existing usage of the Properties; and

     (d) whether any valuation was carried out on the Properties; if so, the name of the independent registered valuer, date and method of valuation and quantification of the market value.

3. To tabulate details of the "comparable market value of similar properties in the vicinity" considered by the Board.

4. To incorporate justifications for the Total Consideration.

5. To incorporate the financial effects of the Proposed Transaction on the EPS for the financial year ending 30 June 2026.

6. To tabulate the effects on the NA and gearing of KTC Group based on the Total Consideration. 

7. To provide details of the Purchaser's Business Plan and Project as follows:

(a) type of development, including size and built up area;

(b) total development cost;

(c) expected commencement and completion date(s); and

(d) sources of funds.
 

8. To provide the following additional information on the salient terms of the SPA:

(a) terms of the payment schedule; and

(b) details and formula to derive at the Adjusted Price. 

9. In the event of a default by the Purchaser or Vendor, any penalty or liquidated ascertained damages to be imposed and to state the basis or amount.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully

Listing

Regulation

c.c. : Market Surveillance Dept., Securities Commission (via email)