The Board of Directors of Fajarbaru Builder Group Bhd. announced that its wholly-owned subsidiary, Fajarbaru Builder Sdn. Bhd.

has on 5 March 2024 accepted a Letter of Award dated 4 March 2024 from Tanjung Nakhoda (M) Sdn. Bhd. in respect of the Construction and Completion of Partially Completed Works of Johore Golf & Country Club (JGCC), comprising of a 2-Storey Club House with Parking, a 4-Storey Driving Range Facility Building with 1-Storey Multipurpose Hall and Parking, a Guard House and an Electricity Substation on part of PTB 24465, part of PTB 24467 and part of Lot 45279, Jalan Tun Abdul RazakDan Jalan Datin Halimah, Johor Bahru, Johor Darul Takzim ("the Contract").

The Contract sum is Ringgit Malaysia One Hundred Twenty Million Eight Hundred Twenty One Thousand Fifteen and Sen Ten only (RMB 120,821,015.10), inclusive of Sales and Services Tax (SST). The Contract period is ninety (90) weeks commencing on 11 March 2024 and shall be completed on 30 November 2025. The Contract is expected to contribute positively to the earnings and net assets of the Group from the financial years ending 30 June 2024 onwards.

The Contract will have no material effect on the share capital and substantial shareholders' shareholding of FBG.