Pursuant to paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of YNH Property Bhd ("YNHProp" or "the Company") wishes to announce that the Company has on 23 July 2014 acquired the entire issued and paid-up share capital of YNH Electrical Engineering Sdn Bhd("YEESB") for a total consideration of RM2.00, resulting in YEESB becoming a wholly-owned subsidiary of the Company. 

YEESB was incorporated on 8 July 2014 as a limited company with an authorised capital of RM400,000.00 and issued capital of RM2.00 comprising 2 ordinary shares of RM1/- each fully paid. The intended principal activity of YEESB is that of electrical engineering contractors and electrical works.  As at the date of this announcement, YEESB has yet to commence operation.

The above acquisition is not expected to have any material effect on the earnings or net assets of the Company for the current financial year.

Save for Dato' Dr Yu Kuan Chon and Dato' Yu Kuan Huat who acted as subscribers in YEESB, none of the Directors or substantial shareholders or person connected to them has any interest in the aforesaid acquisition.

This announcement is dated 23 July 2014.