Crest Builder Sdn Bhd, a wholly owned subsidiary of Crest Builder Holdings Berhad has been awarded a contract by Perdana Parkcity Sdn Bhd for the Execution and Completion of 2 blocks of condominium with car park podium and retail units on Lot PT50276, Jalan Residen Utama, Desa Parkcity, Mukim Batu, Wilayah Persekutuan Kuala Lumpur for a contract sum of RMB 478,888,888.88. The contract period set out in the letter of award is thirty-nine months (39) from 5 May 2023 to 4 August 2026. The Contract will not have any effect on the issued and paid-up share capital of Crest Builder and on the substantial shareholder's shareholdings of Crest Builder.

The Contract is expected to contribute positively to the earnings of the Group for the financial years ending 31 December 2023 and onwards. As far as the Directors of the Company are aware, none of the Directors and/or substantial shareholders of Crest Builder and/or any persons connected to the Directors and substantial shareholders of Crest Builder have any interest, direct or indirect in the Contract. The Directors of the Company are of the opinion that the acceptance of the Contract is in the best interest of the Company.