OTHERS FAVELLE FAVCO BERHAD (“FFB” or “THE COMPANY”) – ADDENDUM TO THE PROJECT DEVELOPMENT AGREEMENT IN CONNECTION WITH THE PROPOSED DEVELOPMENT OF TWO UNITS OF SINGLE-STOREY LOGISTIC WAREHOUSES WITH A COMBINED GROSS LETTABLE AREA OF 14,000 SQUARE METRES ON THE PROJECT LAND FOR LEASING PURPOSES (THE “PROJECT”)

OTHERS FAVELLE FAVCO BERHAD ("FFB" or "THE COMPANY") - ADDENDUM TO THE PROJECT DEVELOPMENT AGREEMENT IN CONNECTION WITH THE PROPOSED DEVELOPMENT OF TWO UNITS OF SINGLE-STOREY LOGISTIC WAREHOUSES WITH A COMBINED GROSS LETTABLE AREA OF 14,000 SQUARE METRES ON THE PROJECT LAND FOR LEASING PURPOSES (THE "PROJECT")

FAVELLE FAVCO BERHAD

We refer to the announcement dated 24 May 2024 in relation to the Project ("Initial Announecement"). Unless otherwise defined, the definitions used throughout this Announcement shall have the same meaning as those used in the Initial Announcement.

The Board of Directors of the Company wishes to announce that the Company had on 1 August 2025 entered into a supplemental agreement with Dexus Property and Dexus Funds Management Limited to add two new clauses in the Addendum to the Project Development Agreement (“Addendum to PDA”) relating to the future sale or development of the Stage 2 Lot.

Please refer to the attachment for further details on the Addendum to PDA.

This announcement is dated 1 August 2025.

Please refer attachment below.