The Board of Directors of YNH wishes to announce that Kar Sin Berhad (“Vendor”), a wholly-owned subsidiary of YNH, had on 12 May 2023, entered into a Sale and Purchase Agreement (“SPA”) with

• Imbuhan Sempurna Sdn. Bhd., the Registered Proprietor;

• Great Wall Park Sdn. Bhd., the First Beneficial Owner;

• Sunway Living Space Sdn Bhd, the Purchaser

for the proposed disposal of all that freehold vacant land held under the individual title H.S.(D) 47941 P.T. 48632 in the Mukim of Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur measuring approximately 20,630.474 square meters (approximately 5.098 acres) (hereinafter referred to as “the Property”) with vacant possession free from all encumbrances and subject to the terms and conditions of the SPA for a total consideration of RM170.00 million only (“the Purchase Price”) on as is where is basis, subject to the First Development Order being in force at all material times and free from all encumbrances, charges, restrains, trusts, caveats or liens howsoever and whatsoever, and with vacant possession but subject to all conditions of title whether express or implied affecting the same, for the consideration and upon the terms and conditions of the SPA.

Please refer to the attachment below for further details of the Proposed Disposal.

This announcement is dated 16 May 2023.