The board of directors of Hatten Land Limited announced that the Company's wholly-owned subsidiary Hatten Edge Pte. Ltd. ("Hatten Edge") has entered into a Strategic Partnership Agreement with Quantum Healthcare Limited ("Quantum") to bring the premium healthcare service in Melaka at Imperio Mall@Hatten City. Through this Agreement, Quantum and Hatten Edge will explore and evaluate how to pursue business opportunities together by bringing in premium medical and healthcare-related facilities and services at Imperio Mall in Melaka.

The salient terms of the Agreement are as follows:Hatten Edge and its associates will offer Quantum space in Imperio Mall @ Hatten City and Quantum will become an anchor tenant of Imperio; As a start, Quantum will take up at least 180,000 sqft in 3 floors and utilise the space for the purpose of operating theatres, imaging center, medical specialists, aesthetic doctors, food and beverage brand and office use; The total tenure is 9 years with the initial term of 3 years, with an option to renew for a further period of 2 terms of 3 year each term; Quantum shall pay Hatten Edge or its associates base rent and service charge in cash. Pursuant to the terms as set out in the Agreement, it is expected that the collaboration will contribute positively to the future financial performance of the Group. The Agreement shall be valid from the date of the Agreement until the signing of tenancy agreement between Quantum and Hatten Edge or its associates.

Quantum shall sign tenancy agreement with Hatten Edge or its associates within 30 days of this Agreement. Any further details of the leasing arrangement will be included in a tenancy agreement, which will be signed at a later date and announced in due course. None of the Directors has any interest, direct or indirect, in the Agreement.

The Directors have not received any notification of interest in the Agreement from any substantial shareholder of the Company and are not aware of any substantial shareholder of the Company who has any interest, direct or indirect, in the Agreement.