The Board of Directors of LFE announced that LFE Development Sdn Bhd, a 60% owned subsidiary of the Company had on 16 August 2023 entered into a Joint Venture Agreement with Aziho Trading Sdn Bhd for the development, construction and subsequent selling of a housing project namely, Taman Residensi Mesra, Phase 4, on part of a parcel of freehold land known as Geran 85295, Lot 21, Daerah Kuala Muda, Kedah Darul Aman, measuring approximately 175 acres. ATSB was incorporated on 2 November 1983 in Malaysia under the Companies Act 1965, as a private limited company. The issued share capital of ATSB is MYR 2,000,000.00 comprising 2,000,000 ordinary shares.

ATSB is principally involved in plantation and construction activities. The Directors cum Shareholders of ATSB and their direct shareholdings in the company are set out below: Name, Designation, Nationality, No. of shares, %, Kang Ee Ling, Director/Shareholder, Malaysian, 666,666, 33.33, Kang Hsuen Chiang, Director/Shareholder, MYR 6,666, 33.33.

The issued share capital of LDSB is MYR 250,000.00 comprising 250,000 ordinary shares. LDSB is principally involved in the provision of construction services and property development activities. The Directors of LDSB as at the date of this announcement are as follows: Liew Kiam Woon.

Goh Chee Hoe. Patrick Heng Jin Wei.