On behalf of the Board of Directors of YNH Property (“ Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that:

(i) D’Kiara Place Sdn Bhd, a wholly-owned subsidiary of the Company, intends to enter into a conditional sale and purchase agreement with ALX Asset Berhad (“ALX Asset”) for the disposal of 163 Retail Park shopping centre to ALX Asset for a cash consideration of RM270,500,000 (“Proposed 163 Retail Park Disposal”); and

(i) YNH Hospitality Sdn Bhd, a wholly-owned subsidiary of the Company, ("YNH Hospitality") and Kar Sin Berhad, the registered proprietor of AEON Seri Manjung holding on trust for YNH Hospitality and a wholly-owned subsidiary of the Company, intends to enter into a conditional sale and purchase agreement with ALX Asset for the disposal of AEON Seri Manjung shopping centre and the freehold land on which it is erected on to ALX Asset for a cash consideration of RM152,000,000 (“Proposed AEON Seri Manjung Disposal”).

(The Proposed 163 Retail Park Disposal and the Proposed AEON Seri Manjung Disposal are collectively known as the “Proposed Disposals”).

Please refer to the attached file for futher details of the Proposed Disposals.

This announcement is dated 17 November 2022.