This announcement serves as the purpose of ensuring open and transparent disclosure of the Development Agreement.

The Board of Directors of YNH wishes to announce that Kar Sin Bhd, a wholly-owned subsidiary of the Company had on 24 April 2024 entered into a Development Agreement with New York Empire Sdn Bhd and Chin Hin Property (Segambut) Sdn Bhd ("CHPS" or "Developer"), for granting the Development Rights to the Developer to implement and complete the development of all that parcel of freehold land held under Geran Mukim 54, Lot 448, Kepong Rly Line 8th Mile, Mukim Batu, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur measuring approximately 26,253.121 square metres (6.49 acres) into a residential development.

Please refer to the attachment below for further details of the Development Agreement.

This announcement is dated 29 April 2024.