1. Introduction

Pursuant to Paragraph 9.19(46) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors (“the Board”) of JHB wishes to announce that the Company had undertaken a revaluation exercise (“Revaluation”) on the Properties, Plant and Equipment (“PPE”) held by Dynacare Sdn Bhd, a subsidiary of JHB.

The Board has approved the incorporation of the Revaluation surplus and impairment loss arising from the Revaluation in the Group’s consolidated financial statements for the financial period ended 30 April 2023.

2. Purpose of the Valuation

The Revaluation was carried out in accordance with the Group’s accounting policy to determine and ascertain the fair value of the Group’s PPE pursuant to the Malaysian Financial Reporting Standard (“MFRS”) 116: Property, Plant and Equipment and MFRS 136: Impairment of Assets.

3. Details of the Properties and Valuation

Please refer to the Appendix A as attached.

4. Effect on the Net Assets Per Share

The revaluation surplus and impairment loss (net of deferred tax) arising from the Revaluation, of approximately RM1.620 million and RM26.954 million respectively has resulted in a decrease of net asset per share of JHB by 2.17 sen to 19.82 sen as at 30 April 2023.

5. Documents Available for Inspection

The valuation reports of the PPE are available for inspection at the Registered Office of the Company located at 11th Floor, Wisma E&C, No. 2, Lorong Dungun Kiri, Damansara Heights, 50490 Kuala Lumpur during normal office hours from Monday to Friday (except for Public Holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 16 June 2023.