Reference is made to the Company’s announcement dated 29 January 2024. Unless otherwise defined, the terms and definitions herein shall have the same meaning as defined in the previous announcement.

The Board of Directors of BKCB wishes to update that BKCB’s wholly-owned subsidiary, Optimal Property Management Sdn Bhd (“OPM”) and Kolej Teknologi Islam Melaka Berhad (“KTIMB”) (collectively known as “Parties”), have met and have had several discussions on the Interim Settlement Proposal between both Parties.

Earlier today, BKCB received a Non-Legally Binding Letter of Intent from KTIMB to purchase 100% shares of OPM, which among others, subject to completion of the Due Diligence on OPM by their appointed Professional Consultant.

BKCB Group is actively coordinating with KTIMB and its Professional Consultant to commence the Due Diligence soonest possible.

The Company will make further announcement as and when there are material developments.

This announcement is dated 17 April 2024.