The Board of Directors of YNH Property Berhad ("YNHP") wishes to announce that Kar Sin Bhd ("KSB"), a wholly-owned subsidiary of YNHP, had increased its issued and paid-up share capital from RM2,600,000/- to RM102,600,000/- by way of an allotment and issuance of 100,000,000 ordinary shares of RM1/- each at par value to YNHP. The new ordinary shares shall rank pari passu in all respects with the existing shares of KSB.

The increase in share capital will not have any material impact on YNHP earnings per share and will not have any effect on YNHP issued and paid-up share capital, substantial shareholders' shareholdings and net assets.

None of the Directors, Substantial Shareholders and/or persons connected with the Directors and/or Substantial Shareholders of the Company have any interest, direct or indirect, in the above.

This announcement is dated 19 April 2016.