Business Overview

4. INFORMATION ON OUR GROUP 4. INFORMATION ON OUR GROUP BACKGROUND INFORMATION 4.1.1 History and overview of our Group 101 Properties Group Berhad is the property arm of laiC, one of the largest plantation and resource­based manufacturing companies listed on the Main Market of Bursa Malaysia. 10lPG was incorporated in Malaysia under the Act on 25 February 2013 as a private limited company under the name 101 Properties Group Sdn Bhd for the purposes of facilitating the Internal Reorganisation, details of which are set out in Section 4.1.3 of this Prospectus. Our Company subsequently assumed our current name upon our conversion into a public limited company on 4 June 2013. We are an established township developer with a track record spanning more than two (2) decades in the property development industry. One of our first notable housing projects was Taman Mayang (aiso known as SS25), Petaling Jaya which was built in the mid 1980s. In 1990, our Group launched our flagship project, Bandar Puchong Jaya, a comprehensive, self­contained township development in Puchong. Selangor. Bandar Puchong Jaya is developed on approximately 1,002 acres of freehold land and comprises approximately 12,000 residential and commercial units. Bandar Puchong Jaya is also home to our first and our most successful mali, 101 Mall Puchong. The mall commenced operations in 1997 and is one of our Group’s major properties -held for investments. In 2009, we added a new wing to 101 Mall Puchong, increasing the complex’s total net leUable area to approximately 863,797 sq ft. In 1995, our Company made in-roads into the property market in Johor with the launch of Bandar Putra KUlai, a comprehensive township development, covering an area of approximately 5,680 acres. This township project comprises amongst others, apartments, townhouses, single-storey and doubie”storey houses such as Tanjung Indah, Sri Putra and Palm Court. In 1996, we launched the development of Bandar Putra Segamat, another integrated self-contained township in Johor covering more than 450 acres. In 1999, we launched another 930-acre mixed development in Puchong called Bandar Puteri Puchong, which emulated the earlier success of Bandar Puchong Jaya. Later in the year, we also saw to the completion of 101 Business Park in Bandar Puchong Jaya. in 2001, we acquired over 500 acres of land adjacent to Cyberjaya for our township development. During the year, the opening of 101 Mall, a new landmark in the town of Bandar Putra Kulai was officiated. The mall contributed a net leUable area of approximately 247,863 sq ft to our investment portfolio. In 2007, our Group forged a partnership with a strong and reputed property developer partner in -Singapore by embarking on a joint venture with Ho Bee Investment Ltd (“Ho Bee”), a Singapore public listed company, for the development of Seascape at Sentosa Cove. Our investment in Sentosa Cove grew further when we jointly tendered with Ho Bee for a 99-Year lease land parcel known as the Cape Royale measuring approximately 5.3 acres-for a total cash consideration of approximately SGD1.10 billion. Both Seascape and Cape Royale are strategically located sea­fronting projects which cater for the luxury/high-end condominium markets. In 2008, we entered into a joint venture with Kim Seng Heng Realty Pte Ltd and LBH Pte Ltd for the purpose of undertaking the purchase of a freehold parcel of land measuring approximately 2.08 acres for the development of a 30-storey apartment block known as the Cityscape at Farrer Park, Singapore. We added to our list of property investments with the completion of Tower 1 and Tower 2 of Puchong Financial Corporate Centre and 101 Boulevard in 2009 and 2010, respectively. Tower 2 of Puchong Financial Corporate Centre obtained Multimedia Super Corridor (MSC) Malaysia Cybercentre Status in May 2012. In 2011, our Group collaborated with City Developments Limited to develop a piece of land along Beach Road Singapore, which will, upon completion, house premium office space, luxury hotel, branded retail outlets and prestigious city residences. Our South Beach development was accorded two Building and Construction Authority Green Mark Platinum Awards in 2012 for its residential and commercial components. Our latest project in Singapore is Trilinq at Jalan Lempeng, which was launched in 2013. This high­rise condominium housing project is located on a 99-year leasehold land of approxjmately 6.03 acres, and will feature three (3) residenti’lJ towers of up to 36-storeys. 4. INFORMATION ON OUR GROUP (Cont’d) Our first venture in the PRC began in 2010 with the successful tender for a 7.7 acre land in Xiamen which we are developing into 101 Park Bo Bay. The GDV for this mixed development project is estimated to be approximately RMB1.8 billion. Our second project in Xiamen will be on a 44 acre site which was purchased in 2012. The plan for the site is to build an integrated development consisting of a shopping mall, boutique offices, a 5-star lUxury hotel and luxury residences such as villas, townhouses and high end condominiums. One of our signature developments is 101 Resort City in Putrajaya which currently comprises 4-star and 5-star hotels, an 18-hole championship golf course as well as Puteri Palma Condominiums. We are also in the midst of building a shopping mall with a net lettable area of approximately 1.4 million sq ft, two (2) office towers and a 5-star hotel to complement the entire 101 Resort City. Another major and on-going project of our Group is 16 Sierra in South Puchong which is a garden themed township concept. Over the years, we have stayed committed to our core business, and have successfully built a strong track record as a formidable player in property development in Klang Valley and Johor. We are one of the top property developers in Malaysia, having successfully developed comprehensive self-contained townships along high growth corridors in Klang Valley and Southem Johor. We also have smaller development projects in Penang, whereas we also intend to unlock the value of our existing Landbank in Melaka and Negeri Sembilan by developing them into new township developments. As at 30 June 2013, we have a Landbank of approximately 10,000 acres and our estimatedGDV over the next three (3) years is estimated to be approximately RM10.0 billion for our operations in Malaysia, approximately SGD2.9 billion for Singapore and approximately RMB6.7 billion for PRC. In addition, apart from our Landbank, our existing property investment portfolio as of 30 June 2013 is approximately 2.65 million sq ft of lettable area, comprising mostly of retaii and office space. These properties are mostly located in high-growth areas, of which are well-connected, highly accessible, and are centred within a high population concentration. Please refer to Section 4.1.6 for our key achievementslmilestones as well as Section 4.2.3, 4.2.4, 4.2.5,4.2.6 and 4.2.7 for our list of major completed, on-going and upcoming projects.

4.1.2 Prior delisting of IOIP 101P, a SUbsidiary of IOIPG, was preViously listed on the Main Market of Bursa Securities until its delisting on 28 April 2009 pursuant to IOIP voluntary general offer (“IOIP VGO”). The 10lP VGO was undertaken to provide IOIC with greater liberty and authority to plan and decide on the strategic and future business direction of IOIP Group as well as to enable IOIP Group to leverage on the financial strength of IOIC for its funding requirements. The above exercise had provided IOIP Group with the avenue to expand its operations by pursuing various Landbank opportunities, both locally and overseas. Arising therefrom, the Group’s Landbank had since increased to approximately 10,000 acres (excluding the Landbank under jointly controlled entities) with total market valuation amounting to RM8.1 billion, as appraised by the independent valuers, from a total Landbank of approximately 5,000 acres in FYE 30 June 2008. Post-IOIP VGO, the 10lP Group had increased its profitability from RM411.4 million in FYE 30 June 2008 to RM574.65 million in FYE 2013. In tandem, the 10lP Group also boasted a stronger balance sheet as compared to the balance sheet of the IOIP Group prior to 10lP VGO. The NA of IOIP Group based on audited FYE 2013 is approximately RM5.6 billion as compared to the NA of IOIP Group of RM2.36 billion for FYE 30 June 2008. The expansion of the 10lP Group’s operations via substantial Landbank acquisitions was supported by inter-company advances and financial support provided by IOIC subsequent to the delisting of 10lP Group. 10lC had provided intercompany borrowings of approximately RM1.79 billion as at 30 June 2013 for its expansionary requirements. The said intercompany loans form part of the subject malter of the Debt Settlement. 10lC has also over the years provided corporate guarantees for the benefit of 10lP Group and its jointly controlled entities for credit facilities undertaken amounting to RMO.91 billion as at 30 June 2013. Post Demerger, these corporate guarantees are transferred to 10lPG Group. Whilst IOIP Group expanded its property related business, other property related subsidiaries of 10lC had also at the same time expanded their property businesses. Amongst the notable projects undertaken by 10lC subsidiaries are the South Beach development in Singapore and 101 City development in 101 Resort City, Putrajaya which have a combined total GDV of RM10.5 billion. 4. INFORMATION ON OUR GROUP (Cont’d) The expansionary mode undertaken by both IOIP Group and other property related subsidiaries of IOIC have transformed the property division of IOIC Group Into a formidable property player. In order to streamline and demerge the operations of the IOIC Group into two separate distinct businesses, IOIC proposed for an internal reorganisation be carried out to consolidate the said property related companies under IOIPG as mentioned above. The internal reorganisation exercise will result in IOIPG having a stronger balance sheet as compared to the IOIP Group’s balance sheet at the point of the IOIP VGO. The proforma NA of IOIPG Group based on the audited FYE 30 June 2013 is approximately RM10.3 billion (including an amount of RM383.1 million arising from revaluation of certain properties of the proforma IOIPG Group undertaken as part of the Proposals), as compared to the NA of IOIP Group of RM2.36 billion for FYE 30 June 2008. The listing of IOIPG will create a diversified business encapsulating property development, property investment as well as leisure and hospitality which is supported by a sizable Landbank of approximately 10,000. acres. The exercise will also result in greater visibility on the separate performance of IOIC Group’s plantation business and IOIPG’s property related business. This will enable the capital market and shareholders to beller ascertain the respective merits and prospects of two distinct businesses. Given the scale of expansion of the IOIPG Group, this is an opportunistic time for the listing of IOIPG whereby shareholders qf IOIC will be the main benefactor of the listing of IOIPG given that the Listing, does not involve any public issue of new IOIPG shares and thus there will not be any dilution to IOIC shareholders’ holdings in IOIPG. Additionally, the IOIPVGO was undertaken via a combination of cash and new IOIC Shares. For such IOIP minority shareholders who have accepted the IOIP VGO and remained as shareholders of IOIC, the listing represents an opportunity to re-emerge as shareholders of the enlarged and more formidable IOIPG Group as compared to the previously listed IOIP Group.
4.1.3 Internal Reorganisation IOIPG had entered into various agreements and supplemental agreements on 14 May 2013, 17 May 2013 and 24 June 2013 respectively to effect the Internal Reorganisation as follows:­a) acquisition by IOIPG for entire equity interests of IOIC in IOIP (including its direct and indirect SUbsidiaries, the jointly controlled entities and associates) for a total consideration of RM9,768,980,OOO, which was satisfied via the issuance of 2,163,866,849 new IOIPG Shares to IOIC; b) acquisition by IOIPG in certain other subsidiaries which are involved in property development, property investment, leisure and hospitality as well as other property related businesses (“Other Properties Companies”) for a total consideration of RM2,581,311,OOO, which was satisfied via the issuance of 571 ,770,369 new IOIPG Shares to IOIC; c) acquisition by IOIPG from IOIC for two (2) parcels of agricultural land (to be converted to commercial/residential use) measuring approximately 500 acres, located In Mukim Rompin, District of Jempol, State of Negeri Sembilan and approximately 1,279 acres located in Mukim of Sungai Segamat, District of Segamat. State of Johor, for a total consideration of RM276,200,OOO, which were satisfied via the issuance of up to 61,179,368 new IOIPG Shares to IOIC: d) acquisition by IOIPG of 10% equity interest in Property Village from Summervest (a company controlled by Tan Sri Lee), a major shareholder of IOIC) and acquisition by IOIPG of 10% equity interest in Property Skyline from Summervest for an aggregate consideration of RMf96,345,000, which was satisfied via the issuance of 43,491,177 new IOIPG Shares to Summervest; and e) capitalisation of approximately RM1.8 billion by IOIC, being an amount owing by IOIP Group and/or Other Properties Companies to IOIC Group by way of issuance of 398,706,961 new IOIPG Shares to IOIC. The above internal reorganisation was completed on 5 December 2013. Following the completion of the internal reorganisation, IOIPG currently holds the property development, property investment and other property related businesses of the IOIC Group while the existing IOIC continues to carry on the remaining existing IOIC Group businesses.
4. INFORMATION ON OUR GROUP (Cont’d) Our Group Structure after the Internal Reorganisation is as follows:­10lPG I I 10lP (99.8%), its subsidiaries, jointly controlled entities and associates  Resort Villa Golf Course Development” (100%)  Bukit Kelang Development” (100%)  Eng Hup Industries” (100%)  Resort Villa Golf Course” (100%)  iOI City Mall” (100%)  Palrnex Industries” (100%)  PMX Bina” (100%)  101 City Holdings” (100%) and its subsidiaries (100%)  Resort Villa Development” (100%)  Nice Skyline” (99.9%)* and its subsidiary  101 Consolidated (Singapore)” (100%) and its jointly controlled entity  101 Properties Capital (100%)  IIOIP Capital Management (100%)
Notes:­# Other Properties Companies Effective equity interest held by JOIPG in Nice Skyline. 4.1.4 SUbsidiariesl jointly controlled entities and associates Our subsidiaries, jointly controlled entities and associates are as follows:­
10lP  24 December 1975 I  500.000.0001  99.8  Property  development,  property  Malaysia  406,393,125  investment and investment holding  Bukit Kelang  19 September 1977/  5,000,000/1,000,000  100  Property development and cultivation of  Development  Malaysia  plantation produce  101 City Mall  13 May 20081 Malaysia  300,000,0001 10,000,002 “}  100  Property investment  Eng Hup Industries  12 October 1982 1  6.000,000 15,200,000  100  Property  development  and  property  Malaysia  investment  101 Consolidated  15 July 19821  N/AI SGD593,611,491  100  Property development and  investment  (Singapor~)  Singapore  “}  holding
4. INFORMATION ON OUR GROUP (Cont’d)
Resort Villa Development Resort Villa Golf Course Resort Villa Golf Course Development Palmex Industries PMX Bina Nice Skyline 101 Properties Capital 10lP Capital Management Subsidiaries of IOIP Cahaya Kota Development Flora Development Future Link Properties Kumpulan Mayang Pine Properties Dynamic Management Commercial Wings Property Skyline 101 Land Singapore Flora Horizon Malaysia 30 May 19941 Malaysia 25 April 19911 Malaysia 8 November 1991 I Malaysia 6 April 1973/ Malaysia 19 June 19841 Malaysia 18 November 1994/ Malaysia 14 November 20131 Malaysia 22 November 20131 Malaysia 8 December 1978/ Malaysia 16 June 19941 Malaysia 24 April 19961 Singapore 12 June 19821 Malaysia 9 June 19941 Malaysia 27 AU9ust 19841 Malaysia 31 May 19941 Malaysia 19 November 1993/ Malaysia 9 May 20051 Singapore 16 June 19941 Malaysia 8,000,0001 4,050,00013} 6,500,000 15,275,000 I’} 2,500,000 11,132,500 IS} 50,000,000 135,500,000 1,000,000 1750,000 10,000,000 1 5,000,000(6) NIA 1 USD 100 400,00012 25,000,000 1 19,400,00011} 2,000,000 12,000,000 NIA 1SGDl 0,000,000 5,000,000 1300,000 250,0001 250,000 15,250,000 1250,000″}
10,000,000 110,000,000 12,000,000/11,111,111 N/A 1SGD5,000,000 100,0001 100,000 100 100 100 100 100 99.9 100 100 99.8 99.8 99.8 99.8 99.8 99.8 99.8 89.8 99.8 98.3 investment Property investment and hotel and resort development Development and management of a golf club Hotel and hospitality services Property development and investment holding Property construction Property development and investment holding Provision of treasury management services Provision of treasury management services Property development, property investment and investment holding Property development and property investment Property investment, property development and investment holding Property development Property development and property investment Property development, investment holding and provision of management services Property investment Provision of management services and investment holding Property investment and investment holding Property development and cultivation of plantation produce 4. INFORMATION ON OUR GROUP (Cont’d)
Hartawan 22 February 19821 5,000,000/2,617,500(10) 99.8 Property development and cultivation of Development Malaysia plantation produce Jutawan 5 June 19811 1,000,000/250,000 79.8 Property development and property Development Malaysia investment Paska 15 June 19811 1,000,000/250,000 99.8 Property development and property Development Malaysia investment Multi Wealth 1 June 20071 N/AI 99.8 Property investment and investment (Singapore) Singapore SGD1 82,521 ,802”’) holding 101 Properties 20 July 2007 1 N/AI 99.8 Property investment and investment (Singapore) Singapore SGD416,000,002”” holding 101 Landscape 19 July 19911 100,0001 99.8 Landscape services, sale of ornamental Services Malaysia 100,000 plants and turfing grass Palmy Max 6 July 2010 1 HK$25,010,000 1 99.8 Investment holding Hong Kong HK$19,590.000 ””
Speed Modulation 2 August 2007 1 10,000,0001 99.8 Property investment Malaysia 6,141,302(14)
101 PFCC Hotel 30 July 20121 5,000,0001 99.8 Property investment, property Malaysia 4,583,800{15j development, hotel and hospitality services 101 Medini 15 January 2013/ 500,000 f 99.8 Property development and property Malaysia 250,000 investment 101 Medini 25 July 20131 400,000/100,000 99.8 Provision of management, supervisory Management Malaysia or marketing services Knowledge Vision 12 December 2012/ 10,000,0001 99.8 Property development and property Malaysia 8,770,000{16j investment 101 MC,berry 11 April 20131 400,000/250,000 99.8 Property development and property Malaysia investment 101 Harbour Front 12 August 20131 400,000/250,000 99.8 Property development and property Malaysia inveslment 101 Lavender 14 August 20131 400,000/250,000 99.8 Property development and property Malaysia investment 101 Prima Property 7 October 2013 1 400,000/2 99.8 Property development and property Malaysia investment Subsidiaries of 101 City Holdings 101 City Hotel 15 August 2012 1 100,000/2 100 Property investment, property Malaysia development, hotel and hospitality services 30 August 20121 100,000/2 100 Property investment, property Malaysia development and property management LOI City Tower One 4. INFORMATION ON OUR GROUP (Cont’d)
101 City Park 24 December 20121 Malaysia 100,000/2 100  Subsidiaries of Cahava Kola Development  101 Building 4 AU9ust 1993/ 100,000/2 Services Malaysia 99.8  Lush Development 28 June 1995/ 25,000,000/ Malaysia 16,200,000(17) 99.8  Riang Takzim 14 February 2000 / 1,000,000 11,000,000 Malaysia 99.8  Tanda Bestari 3 October 2000 I 5,000,000/1,635,202”” Development Malaysia 99.8  Subsidiaries of Dynamic Management  Paksi Teguh 6 AU9ust 19921 Malaysia 1,000,000 1750,000 99.8  Pilihan Megah 27 March 1990 1 Malaysia 2.000,000 / 2,000,000 99.8  Legend Advance 20 July 1995/ Malaysia 11,000,000/ 6,000,000(H,) 69.8  Subsidiary of Multi Wealth (Singapore) Clementi Development 2 February 20121 Singapore NIA / SGD171 ,992,045”” 87.8  Subsidiaries of Property Skvline  Nice Frontier 12 May 19941 10,000,000/10,000,000 Malaysia 92.3  Property Village 19 November 1993 1.30,000,000 110,000,000 Malaysia 80.8  Wealthy Growth 10 July 2006/ 1,000,000/1,000,000 Malaysia . 89.8  Trilink Pyramid 18 September 2009 1 1,000,000/1,000,000 Malaysia 89.8  Subsidiary of Property Village  Baycrest 6 September 19941 Malaysia 1,000,000/750,000 80.8
101 City Tower Two property management Car park operator and provision of car park management services Building maintenance services Property development Investment holding Property development General contractors Property development, property investment, investment holding and provision of management services Property development and property investment  Property development  Property  development,  property
investment and cultivation of plantation produce Property development, golf club and recreational services and investment holding Property development Property development General contractors 29

4. INFORMATION ON OUR GROUP (Cont’d) -,::-“;j_:;Eff:ij~tlyi·”<rj:s~(r~6~t~_ .., bed and Equliyfe¢a,)jta.I:·-~ I”teres ofiOIP’ . <. ·.-slaled) (%) Subsidiaries of Palmy Max 101 (Xiamen) 14 December 20121 USD250,000,000 99.8 Property development, management of Properties People’s Republic (registered capital) hotel, shopping mall and commercial of China properties USD213,199,980 yn:__fi!s$oth&rWise (paid-up capital) Prime Joy 30 December 2009 I HK$60.010.000 / 99.8 Investment holding Investments Hong Kong HK$58,505,8001′”
Subsidiary of Prime Joy Investments Xiamen Double 4 AU9ust 201 0 / USD90,000,OOO 99.8 Property development and property Prosperous Real People’s Republic (registered capital) management services Estate of China Development USD74,999,994 (paid-up capital) Subsidiary of Nice Skyline Jurang Teguh 13 April 1995 1,000,000/750,000 99.9 General contractors IMalaysia Associates of 10lP Continental Estates 24 May 19951 100,000,000 1 24.2 Property development and cultivation of Malaysia 52,343,804.50 (22) plantation produce Jointly controlled entity of 101 Consolidated (Singapore) Scottsdale 2 July 2007 / N/A 1 49.9 Investment holding
Properties Singapore SGD806,211 ,761 1′” Subsidiairies of Scottsdale Properties Iselin 4 January 2011 /The SGD622,790,902/ 49.9 Invesbnent holding Cayman Islands SGD294,302,2211′” Allvenlure 4 June 20091 The N/A / SGD150,OOO 49.9 Investment holding Republic of Mauritius South Beach 12 October 2007 1 N/A/ 49.9 Investment holding Consortium Singapore SGD1,301,047,068.841′” SubsidiarY of South Beach Consortium South Beach 25 September 20121 N/A 1SGD2 49.9 Hotel management International Singapore Hotel Management
Jointly controlled entity of 10lP PJ Midtown 8 June 2006/ 5,000,000 12.000,000 49.9 Property development Development Malaysia Jointly controlled entity of 101 Land Singapore Seaview (Sentosa) 13 March 20071 N/A / SGD1 ,000,000 49.9 Property development Singapore Jointly controlled entity of 101 Properties (Singapore) Pinnacle (Sen/osa) 7 January 20081 N/A / 64.9 Property development Singapore SGD641 ,000,0001′” 4. INFORMATION ON OUR GROUP (Cont’d)
(1) The authorised share capital of 10/ City Mall is RM300,OOO,OOO divided info 100,000 ordinary shares of RM1.00 each and 2,999,000,000 redeemable non-cumulative preference shares of RMO.10 each of which RM10,OOO,002 comprising 2 ordinary shares of RM1.00 each and 100,000,000 redeemable non-cumulative preference shares of RMO.10 each are issued and paid-up.
(2) The issued and paid-up share capital of /01 Consolidated (Singapore) consists of 2 ordinary shares and 593,611,489 redeemable preference shares.
(3) The authorised share capital of Resort Vii/a Development is RM8,000,OOO divided into 6,000,000 ordinary shares of RM1.00 each and 4,000,000 redeemable preference shares of RMO.50 each of which RM4, 050, 000 comprising 3,500,000 ordinary shares of RM1. 00 each and 1, 100,000 redeemable preference shares of RMO. 50 each are issued and paid-up.
(4) The authorised share capital of Resort Villa Golf Course is RM6,500,000 divided into 6,000,000 ordinary shares of RM1.00 each and 1,000,000 redeemable preference shares of RMO.50 each of which RM5,275,000 comprising 5,050,000 ordinary shares of RM1.00 each and 450,000 redeemable preference shares of RMO.50 each are issued and paid-up.
(5) The authorised share capital of Resort Villa Golf Course Development is RM2,500,000 divided into 2,000,000 ordinary shares of RM1.00 each and 1,000,000 redeemable preference shares of RMO.50 each of which RM1, 132,500 comprising 1,125,000 ordinary shares of RM1.00 each and 15,000 redeemable preference shares of RMO.50 each are issued and paid-up.
(6) 60% equity interest in Nice Skyline is held directly by 10lPG and 40% equity interest in Nice Skyline is held by JOIPG via IOIP.
(7) The authorised share capital of Cahaya Kota Development is RM25,000,000 divided into 10,000,000 ordinary shares of RM1.00 each and 150,000,000 redeemable non-cumulative preference shares of RMO.10 each of which RM19,400,OOO comprising 5,000,000 ordinary shares of RM1.00 each and 144,000,000 redeemable non-cumulative preference shares of RMO. 10 each are issued and paid-up.
(8) The authorised share capital of Dynamic Management is RM15,250,000 comprising 250,000 ordinary shares of RM1.00 each and 15,000,000 preference shares of RM1.00 each of which RM250,000 comprising 250,000 ordinary shares of RM1.00 each are issued and paid-up.
(9) The authorised share capital of Pl1ihan Teraju is RM25,000,OOO divided in-to 2,000,000 ordinary shares of RM1.00 each and 230,000,000 redeemable non-cumulative preference shares of RMO.10 each of which RM14,700,000 comprising 2,000,000 Drdinary shares of RM1.00 each and 127,000,000 redeemable non-cumulative preference shares of RMO.10 each are issued and paid-up.
(10) The authorised share capital of Hartawan Development is RM5,000,000 divided into 1,000,000 ordinary shares of RM1.00 each and 40,000,000 redeemable non-cumulative preference shares of RMO.10 each of which RM2,617,500 comprising 100,000 ordinary shares of RM1.00 each and 25,175,000 redeemable non-cumulative preference shares of RMO.10 each are issued and paid-up.
(11) The issued and paid-up share capital of Multi Wealth (Singapore) comprising 2 ordinary shares and 182,521,800 redeemable preference shares.
(12) The issued and paid-up share capital of 101 Properties (Singapore) comprising 2 ordinary shares and 416,000,000 redeemable preference shares.
(13) The authorised share capital of Palmy Max is HK$25,010,000 comprising 10,000 ordinary shares of HK$1 each and 250,000,000 redeemable preference shares of HK$0.10 each of which HK$19,590,OaO comprising 10,000 ordinary shares of HK$1.00 each and 195,800,000 redeemable preference shares of HK$0.10 each are issued and paid-up.
(14) The authorised share capital of Speed Modulation is RM10,000,000 divided intD 500,000 ordinary shares of RM1.00 each and 95,000,000 redeemable non-cumUlative preference shares of RMO.10 each of which RM6,141,302 comprising 2 ordinary shares of RM1.00 each and 61,413,000 redeemable non-cumulative preference shares of RMO.10 each are issued and paid-up.
(15) The aUlhDrised share capital of 101 PFCC Hotel is RM5,OOO, 000 divided into 100,000 ordinary shares of RM1.00 each and 49,000,000 redeemable non-cumulative preference shares Df RMO.10 each of which RM4,583,800 comprising 100,000 ordinary shares of RM1.00 each and 44,838,000 redeemable non-cumulative preference shares of RMO.10 each are issued and paid-up.
(16) The authorised share capital of Knowledge Vision is RM10,000,000 divided into 2,000,000 ordinary shares of RM1.00 each and 80,000,000 redeemable non-cumulative preference shares of RMO.10 each of which RM8, 770,000 comprising 2,000,000 ordinary shares of RM1.00 each and 67,700,000 redeemable non-cumulative preference shares of RMO.10 each are issued and paid-up.

4. INFORMATION ON OUR GROUP (Cont’d) (17) The authorised share capital of Lush Development is RM25, 000, 000 divided into 500,000 ordinary shares of RM1.00 each and 245,000,000 redeemable non~cumuJative preference shares of RMO.10 each of which RM16,200,OOO comprising 500, 000 ordinary shares of RM1. 00 each and 157,000, 000 redeemable non-eumulative preference shares of RMO. 10 each are issued and paid-up.
(18) The authorised share capital of Tanda Bestari Devf!/opment is RM5,OOO,OOO divided into 500,000 ordinary shares of RM1.00 each and 45,000,000 redeemable non-cumulative preference shares of RMO.10 each of which RM1,635,202 comprising 2 ordinary shares of RM1.00 each and 16,352,000 redeemable non-cumulative preference shares of RMO.10 each are issued and paid-up.
(19) The authorised share capital of Legend Advance is RM11,000,OOO divided into 10,000,000 ordinary shares of RM1.00 each and 1,000,000 irredeemable preference shares of RM1.00 each of which RM6,OOO,OOO comprising 5,000,000 ordinary shares of RM1.00 each and 1,000,000 irredeemable preference shares of RM1.00 each are issued and paid-up.
(20) The issued and paid·up share capital of Clementi Development comprising 1,000,000 ordinary shares and 170,992,045 redeemable preference shares.
(21) The authorised share capital of Prime Joy Investments is HK$60,010,000 divided into 10,000 ordinary shares of HK$1.00 each and 600,000,000 redeemable preference shares of HK$0.10 each of which HK$58,505,800 comprising 10,000 ordinary shares of HK$1.00 each and 584,958,000 redeemable preference shares of HK$0.10 each are is~ued and paid­

up. (22) The authorised share capital of Continental Estates is RM100,000,000 divided into 95,000,000 ordinary shares of RM1.00 each and 500,000,000 cumulative redeemable preference shares of RMO.01 each of which RM52,343,804.50 comprisjng 50,600,000 ordinary shares of RM1.00 each and 174,380,450 cumulative redeemable preference shares of RMO.01 each are issued and paid-up.
(23) The issued and paid-up share capital of Scottsdale Properties consists of 230,000,000 ordinary shares and 576,211,761 redeemable preference shares.
(24) The authorised share capital of Iselin is SGD622,790, 902 comprising 1.74,342,528 ordinary shares of SGD1.00 each and 448,448,374 redeemable convertible preference shares of SGD1.00 each of which SGD294,302,221 comprising 1 ordinary share of SGD 1. 00 each and 294,302,220 redeemable convertible preference shares of SGD1. 00 each are issued and paid-up.
(25) The issued and paid-up share capital of South Beach Consortium consists of 2,483,084,419 ordinary shares.
(26) The issued and paid-up share capital of Pinnacle (Sentosa) consists of 1,000,000 ordinary shares and 640,000,000 redeemable preference shares.

NIA-Not applicable.
4.1.5 Share capital and changes in share capital As at 5 December 2013, our authorised share capital is RM50,OOO,000,000 comprising 50,000,000,000 Shares, of which RM3,239,014,726 comprising 3,239,014,726 Shares have been issued and fully paid-up. Details of the changes in our issued and paid-up share capital since incorporation are as follows:­
25 February 2013  2  1.00  Subscription of shares  2  3 December 2013  2,163,866,849  1.00  Acquisition of IOIP  2,163,866,851  5 December 2013  571,770.369  1.00  Acquisition  of  Other  Property  2,735,637,220  Companies  5 December2013  43.491.177  1.00  Acquisition  of  Property  Village  2,779,128.397  and Property Skyline  5 December 2013  61.179.368  1.00  Acquisition of Bahau Land  and  2,840.307.765  8egamat Land  5 December 2013  398,706,961  1.00  Capitalisation  of  inter-company  3.239.014,726  debt
4. INFORMATION ON OUR GROUP (Cont’d) 2013  2012  2011  2010  2009  2008  2007  2001  1999  1997  1996  1995  1990  1985
4.1.6 Key Achievements I Milestones I Awards (i) Key Milestones The following are some of our key milestones:­~ i.i ~ <iHi03··iii.)).Y • Secured lease agreements with Parkson Corporation Sdn Bhd and Golden Screen Cinemas Sdn Bhd to be anchor tenants of 101 City Mall at 101 Resort City, Putrajaya. Ground breaking ceremony for mixed development project on its 44 acre land in Xiamen, named 101 Palm City.
• •
Second foray into Xiamen with the purchase of a 44 acre land. Won the tender for a 6.03 acres 99-year leasehold land near Clementi To’Ml Centre at Jalan Lempeng in Singapore for the development of the Trilinq which was launched in 2013. Entered into a joint venture with City Developments Limited for the development of a piece of land located along Beach Road Singapore (South Beach project) which include the development of premium office space, luxury hotel, highwend retail outlets and prestigious city residences. First foray into Xiamen with the successful tender of a 7.7 acre sileo Completion of Tower 1 and Tower 2 of Puchong Financial Corporate Centre as well as 101 Boulevard, our investment properties. Tower 2 obtained Multimedia Super Corridor (MSC) Malaysia Cybercentre Status in 2012.
Acquired 53% interest in Mergui Development for the purchase of a freehold parcel at Farrer Park in Singapore for the development of Cityscape. Additional 7% interest in Mergui Development was acquired in 2008. • Together Vvith Ho Bee Investment Ltd, successfully jointly tendered for a 5.3 acres 99-year leasehold land parcel located at Sentosa Cove, Singapore for the development of Cape Royale. • Together Vvith Ho Bee Investment Ltd won a bid to buy 3.6 acres of leasehold land on Sentosa Island in Singapore for the development of Seascape. • Opened 101 Mall shopping complex in Bandar Putra, Kulai. • Acquired over 500 acres of land adjacent to Cyberjaya for township development. • • Completion of 101 Business Park, Puchong, a 330,000 sq feet (net area) of office block.
• Bandar Puteri Puchong, a 930-acre of mixed development was launched.
• Taman Regent, a new development in Gemencheh, Negeri Sembilan was launched.
• The 101 Mall shopping centre SItuated in Bandar Puchong Jaya, commenced operations. A new Vving was added in

2009. Launched development of a township known as Bandar Putra Segamat. Johor. Forayed into the property market in Johor with the launch of Bandar Putra Kulai, Johor, a comprehensive township development cove.ring an area of approximately 5,680 acres. Bandar Puchong Jaya, a comprehensive self-contained township development in Puchong, Selangor, covering an area of over 930 acres was launched. Taman Mayang housing project was launched in Petaling Jaya.

(ii) Major Awards Gold Award -Floria Garden Award (Corporate)  Floria Putrajaya 2013  Puchong Financial Corporate  Asia  Pacific  Property  Awards  for  Highly  International Property  Centre (PFCC)  Commended  Commercial  High-Rise  Awards  Development (Malaysia)  101 City Mall  Asia  Pacific Property Awards for Best Retail  2013  International Property  Development (Malaysia)  Awards  Palm Garden Golf Club  Asia  Pacific  Property  Awards  for  Best Golf  2013  International Property  Development (Malaysia)  Awards  Palm Garden Golf Club  Best New Golf Course  2013  ParGolf Awards  Seascape at Sentosa Cove,  Singapore  Property  Awards  2012  for  2012  FIABCI Singapore  Singapore  Residential (Low Rise) category -(Winner)  Puchong Financial Corporate  Multimedia  Super  Corridor  (MSC)  Malaysia  2012  Ministry of Science,  Centre (PFCC)  Cybercentre Status  Technology and Innovation  (MOSTI)  10lP  BCI Asia Top 10 Developers Award  2011  -2013  BCI Asia  South Beach, Singapore  Building  and  Construction  Authority  (SCA)  2012  Building and Construction  Green  Mark  Platinum  Awards  (Residential  Authority (SCA)  a-nd Commercial)
4. INFORMATION ON OUR GROUP (Cont’d)
IOIP  Malaysia’s  Top  Ten  Property  Developers  2003 -2011  The Edge Malaysia  Award  IOIP  Putra Brand Award (Silver Award)  2011  Association of Accredited  Advertising Agents Malaysia  (4As)  IOIP  National  Annual  Corporate  Report  Awards  2009  Malaysia Institute of  (NACRA) ­Certificate of Merit  Accountants (MIA)  IOIP  Shareholder  Value  Award  (Construction  and  2006 & 2008  KPMG  Property)  Palm Garden Golf Club  Top Golf Course in Malaysia  2006  Golf Malaysia  Putrajaya Marriott Hotel  The Best Hotel Development Award  2004  FIABCI  IOIP  180 9001 : 2000 Certification  2003  SIRIM
<iiil Enterprise and Trade Affiliations Our Company, through our subsidiaries, is a member of the following associations:­
(REDHA) IOIP Sirim QAS International Sdn Bhd 2003 IOIP FIABCI Malaysian Chapter 2005 Putrajaya Marriott Hotel Malaysian Association of Hotel Owners 1998 Palm Garden Hotel Malaysian Association of Hotels 1995 Resort Villa Golf Course Development I Malaysian Golf Association (MGA) 1995 Palm Garden Golf Course Club Resort Villa Golf Course Development I International Association of Golf Tour Operator (IAGTO) 2008 Palm Garden Golf Course Commercial Wings 1101 Mall, Puchong Malaysia Shopping Mall Association 1996 Legend Advance 1101 Mall, Kulai Malaysia Shopping Mall Association 2001 101 City Mall/lOI City Mall Malaysia Shopping Mall Association 2013 4.1.7 Location of Principal Place of Business We currently operate from the following principal business premises:­9peiatl’ti6’$.::~t:.,().~.r GrCt.~J{ ‘. Head Office (Klan9 Valley) Head Office (Johor Bahru) Head Office (Penang) Head Office (Singapore) Head Office (Xiamen, PRC) LocatiotfoJ.Facility :;………. .•..•…;././.?
Two [01 Square 101 Resort 62502 Putrajaya No.1 Lebuh Putra Utama Bandar Putra 81000 Kulai Johor Darul Takzim 302-H-1, Jalan Dato Ismail Hashim Desaria, Sungai Ara. 11900 Pulau Pinang 28A Jalan Lempeng Singapore 128808 Xinglin Bay Business Operation Center Building No.2, 29th Floor Unit2901-2912 Xiamen, PRC The details of the abovementioned premises and our land and bUildings are set out in Section 9 of this Prospectus. 34 4. INFORMATION ON OUR GROUP (Cont’d)
4.2 OUR BUSINESS 4.2.1 Types of Products and Services The business activities of our Group are summarised in the figure below:­Products and service.s Property Property leisure and
OthersDevelopment Investment hospitalitv
Township Niche GolfcQurses Hotels PlantationDevelopment Development Property Development We are an established township developer with a track record spanning more than two (2) decades in the property development industry. Over the years, we have successfully developed comprehensive self-contained townships, comprising amongst others, Bandar Puteri Puchong, Bandar Puchong Jaya, Bandar Putra Segamat and Bandar Putra Kulai. We aim to emulate this successful development formUla of building and growing a self-contained township for all our township developments. Our major property development projects and Landbank are mainly iocated in Klang Valley and Johor. We also have substantiai Landbank in Ayer Keroh, Bangl, Sepang and Kempas Baru, all of which we have identified as our new potential township developments in the near future. Apart from these strategic locations, we also have smaller development projects and Landbank in Pulau Pinang and Negeo Sembilan. Notwithstanding the above, we have also further enhanced our product portfolio by participating in the development of standalone mid to high-end commercial/residential properties located at prime locations or within matured townships by leveraging on our extensive experience as a property developer. We deem this market to be our niche development. Our niche development in recent years include, amongst others, Cityscape and Cape Royale in Singapore. Please refer to the succeeding sections for the details of our major projects. Property tnvestment We also lease out the properties held by us, which comprise mainly of retaii space and office buildings. These properties were mostly developed by us to complement our existing township developments and they supplement our revenue with stable and recurring rental income. Our existing property investment portfolio as of 30 June 2013 is approximately 2.65 million sq ft of leltable space, of which approximately 1.3 million sq ft is retail space, 1.1 million sq ft is office space and the balance comprises, amongst others, residential properties. Some of our major investment properties are as follows:­(a) 101 Mall in Puchong, being our largest contributor to our investment properties portfolio. The shopping centre has more than 200 shop lots with a total net leltable area of approximately 863,797 sq ft;
(b) Two (2) blocks of office buildings in Puchong Financial Corporate Centre with a total net leltable area of approximately 376,525 sq ft;
(c) 101 Mall in Johor. The shopping centre has more than 200 shop lots with a total net leltable area of approximately 247,863 sq ft; .
(d) One iOI Square and Two 101 Square located in 10i Resort City. Both are 12-storey office towers, with approximately 440,995 sq ft subleltable area; and
(e) One hundred and four (104) units of office lots and retail lots located at 101 Boulevard for rental with a total net leltable area of approximately 282,852 sq ft.

For list and further details of our existing investment properties, please refer to Section 9.1.2 of this Prospectus. 35 4. INFORMATION ON OUR GROUP (Cont’d) Leisure and hospitality Our leisure and hospitality business comprises of the following hotels, resorts and golf courses located in the Klang Valley and Johor:­(a) Marriott Putrajaya Hotel, a five-star hotel with 380 guestrooms, 73 executive rooms, and 35 exclusive suites. The hotel, located within the 101 Resort City, was awarded the Best Hotel Development award in 2004 whilst the hotel’s restaurants have also received several awards in 2007, 2008, and 2009:
(b) Palm Garden Hotel, a four-star hotel with 151 guest rooms, and Palm Garden Golf Club, which was awarded the best new golf course in Malaysia by ParGolf in 2013, are also located within the 101 Resort City; and
(c) Palm Villa Golf & Country Resort, which is located in the township of Bandar Putra Kulai.

Plantation Our plantation lands are mostly located in the fringe of growing andlor established townships as well as growth conidors, measuring approximately 6,916 acres. These plantation lands are intended for our future property development activities. Out of our 6,916 acres of plantation lands,we intend to commence development on the following parcels of land within the next three (3) years:­i) approximately 95 acres of piantation land in Segamat, Johor has been earmarked for the development of terraced houses and shop offices; ii) approximately 3,104 acres of plantation land in Senai-Kulal, Johor has been earmarked for property development with approved iayout plans for mixed development.The management intends to open up the development of the land in phases, estimated to be approximately 50 to 100 acres per annum; iii) approximately 270 acres of plantation land in Tangkak, Johor has been earmarked for the development of homesteads; iv) approximately 246 acres of plantation land forms part of approximately 618 acres of land in Bahau, Negeri Sembilan. Out of the 618 acres of land, the layout plans for approximately 516 acres of the said land has been approved and will comprise of shop offices, terraced houses, semi-detached houses and light industry; and v) approximately 218 acres of plantation land in Durian Tunggal, Melaka have been approved for commercial development. Initial plans for the commercial development include retail hubs and commercial center. As most of the abovementioned development plans are still in the initial stages, our Board may from time to time, review and revise the layout planning and development plans sUbjeci to market conditions and depending on the growth and maturity of the surrounding area. In the interim period prior to the plantation lands being converted and used for property development activities, 10lC will manage the plantation lands on behalf of 10lPG with all the plantation produce sold to 101C. The agency fees and sale of plantation produce to 10lC will be recorded as a RRPT as set out in Section 8.1(a) of the Prospectus. Please refer to Section 8 of this Prospectus for the details on our related party transactions in relation to our plantation business. 4.2.2 Overview of our material property projects For information purposes, we have divided our property development projects into the following three (3) major categories and by region (Klang Valley, Johor and other regions in Malaysia):­(a) Major Completed Projects; Development projects that are issued with the required certificate of compliance and completeness orthe required occupation permit (as the case may be) as at 30 June 2013. 4. INFORMATION ON OUR GROUP (Cont’d) (b) Major On-Going Projects; and
Development projects that have been launched as well as investment property projects where construction work has begun as at 30 June 2013.
(c) Major Up-Coming Projects

Deve[opment projects that have yetta be launched as at 30 June 2013, with the intended launch envisaged to be [n the next three (3) years. However, our Board may from time to time, review and revise the development plans (which includes the tentative launch dates and product mix) of these deveiopment projects. In addition, we also have five (5) projects in Singapore and two (2) projects in Xiamen, PRC. Further details of our major projects are set out in Section 4.2.3 (K[ang Valley), Section 4.2.4 (Johor), Section 4.2.5 (other regions in Malaysia), Section 4.2.6 (Singapore) and Section 4.2.7 (Xiamen, PRC) below. A summary of our major projects as at 30 June 2013 are as follows:-
Klang Valley  Residential Commercial Subtotal  1,067 1,309 2,376  Johor  Residential Commercial Industrial Subtotal  326 13 42 381  Other regions in Malaysia  Residential Subtotal  205 205  Singapore  Residential Subtotal  2,683 2,683  Grand Total  5,645  Klang Valley  Residential Mixed development Subtotal  562 420 982  Johor  Residential Commercial Industrial Mixed development Subtotal  2.587 262 179 13 3,041  Other regions in Malaysia  Residential Commercial Subtotal  52 48 100  Singapore  Residential Commercial Subtotal  3,484 6,138 9,622  Grand Total  13,745
4. INFORMATION ON OUR GROUP (Conrd)
Commercial Sublotal  806 5,183  Johor  Residential Commercial Industrial Subtotal  1.614 403 107 2,124  Other regions in Malaysia  Residential Commercia! Industrial Subtotal  296 387 120 803  Singapore  Residential Subtotal  7,375 7,375  PRe  Mixed development Residential Subtotal  941 2.516 3,457  Grand Total  18,942

PRe Commercial N/A Notes:­NIA -Not available The market value as at 31 January 2013 includes the residenlfal component. 4.2.3 Details of our Klang Valley Projects Some of our major,projects in the Klang Valley are as follows:­(a) 16 Sierra, South Puchong (Township)
16 Sierra, our township project in South Puchong, is a mixed development of 535 acres with the concept centred around sixteen (16) interconnected gardens of different themes. Other features include a private clubhouse equipped with an infinity pool, wading pool with fun slides, interactive play sets, giant trampoline, gymnasium with pooi view, yoga deck, badminton courts and a cafeteria. 16 Sierra’s completed residential projects, such as adora, Adenia and Areca, consist of terrace-houses and townhouses. The on-going residential projects are La Thea Residences, Sierra 6 Superlink, Akira semi-detached and Lyden terrace houses.
4. INFORMATION ON OUR GROUP (Conrd) Please find below details of some our residential projects within 16 Sierra:­
ARECA AND ADENIA (Completed project)
(Artist’s impression)

Type of property and description Total project units Total land area Average saleable area per unit Year 01 commencement Year of completion GDV Average price per sq ft
Type of property and description Total prajeel units Total land area Average saleable area per unit Year of commencement Year of complelion GDV Average price per sq It Type of property and description Total project units Total land area Average saleable area per unit Year of commencement Expecled year of completion Forecasted GOV
Total land area Average saleable area per unil Year of commencement Expected year of completion Forecasted GOV Type of property and description Total projecl units Year of commencement Expecled year of complelion Forecasted GOV 2 storey terrace houses 251 units 11.2 acres 2,257 sq It 2009 201 I RM 138 million RM 244 3 and 3 V2 storey townhouses 446 units 18.12 acres 2,124 sq H 2010 2012 RM 211 million RM 223
Semi-detached houses 122 units 19.16 acres 4,603 sq H 2011 2013 RM 272 million Terraced houses, semi· detached houses and zero lot bungalows
228 units (terrace houses) 26 units (semi-detached houses) 9 units (zero lot bungalows)
19.61 acres 2,859 sq ft (terrace houses)
4,002 sq ft (semi·delached houses)
2011 2013 RM 290 million Midsized condominiums next to Rafllesia International and private schoof 526 units 2013 2016 RM 297 million 39
4. INFORMATION ON OUR GROUP (Cont’d) Type of property and description  3 storey terrace house  Tctal project units  217 units  Year of commencement  2013  Expected year of completion  2016  Forecasted GDV  RM 260 million  (Artist’s impression)
(b) Bandar Puteri, Puchong and Bandar Puchong Jaya (Townships) The townships of Bandar Puteri, Puchong and Bandar Puchong Jaya are located adjacent to each other with easy access to Putrajaya, Cyberjaya, Subang Jaya, Sunway, and Kuala Lumpur International Airport. Both townships have a balanced mix of residential and commercial components, offering residents convenience with its amenities. The townships’ amenities include 101 Mall, a 15 acre town park, a hypermedia library, hypermarkets, the Columbia Asia Medical Centre and a 32 indoor badminton court. Our Group is currently expanding and enhancing these two (2) townships with amongst others, Puchong Financial Corporate Centre, Puteri Hills Duplex Vilia and Condominium, 101 Rio City and Skypod Residences. Further information of these developments are disclosed below. Puchong Financial Corporate Centre l”PFCC”) lCompleted and on-going project)
PFCC, is one of our Group’s investment properties. It consists of five (5) individual towers which spans across approximately 7.79 acres of land iocated in Bandar Puteri Puchong along the Damansara-Puchong Hi9hway. It is neslled among food and beverage oullets as well as retail units. The amenities available within PFCC include landscaped promenade, gymnasium and restaurants. Tower 1 and 2 which were completed in June 2009, occupy a total/and area of approximately 2.86 acres with a combined /ettable area of 377,000 sq ft. Tower 2 has successlully secured the MSC Cybercentre status in May 2012. As at LPD, Towers 3, 4 and 5 are under construction.
Skvpod Residences (On~90ing project) Skypod Residences is within our township in Bandar Puchong Jaya. This two (2) block, 640-unit serviced apartment cum 84 units retail/office development is buiit on 9.80 acres of land, with an estimated GDV of RM420 million. Skypod Residences is within walking distance to the nearest light rail transit station and offers convenience living as it is surrounded by existing shop offices and retails lots. Further details of this project are as follows:­Type of project and development  Serviced apartments, shop lots and office lots  Total project units  724 units  Forecasted GDV  RM 420 million  Average saleable area per unit  Residential -913 sq ft Commercial -1,650 sq ft  Land area  1.91 acres  Year of commencement  2012  Expected year of completion  2015
4. INFORMATION ON OUR GROUP (Cont’d) Pare Ville (Up-coming project) This is a low density development located in Bandar Puchong Jaya, consisting of only two (2) blocks of 280 units of condominiums. As Pare Ville currently has an unobstructed view of the Kuala Lumpur city skyline on a clear day, it will be equipped with furnished skydecks for this viewing pleasure. Further details of this project are as follows:­Type of project and deveiopment  Residential -condominium  Total project units  280 units  Forecasted GDV  RM 204 million  Land area  4.49 acres  Expected year of commencement  2013  Expected year of completion  2016

Puteri Hills Duplex Villa and Condominium IUp-coming project) Puteri Hills Duplex Villa and Condominium is located at Bandar Puteri Puchong. This is a low density deveiopment which facilities available include a clubhouse with lap pool, jacuzzi, private function room, barbeque comer, a gymnasium and cabana. Further details of this project are as follows:­Type of project  and  Residential -Duplex villas  development  arid condominiums  Total project units  240 units  Forecasted GDV  RM 371 million  Expected year commencement  of  2013  Expected year completion  of  2016

101 Rio Citv @ Bandar Puteri. Puchong (Up-coming project) “Rejuvenated, Innovative and Original” or RIO City located at Bandar Puteri, Puchong is intended to be a 72 acre metropolis consisting of secured work spaces, retail offerings, hotel and residences all Interlinked with landscaped walkways and retail streets. Currently, development works for the first phase which will occupy 7.9 acres of land, has begun. All the commercial high rise buildings here are intended to be Green Building Index or Green Mark certified, and all the homes will be equipped with rain water harvesting systems and other green featuresl materials such as water saving cisterns, low vae paint with designs that maximise natural light and promote cross ventilation. Further details of this project are as follows:­Type of project and development (1″ phase)  Residential -service apartments Commercial -office suites, retail units  Total project units(1″ phase)  858 units  Forecasted GDV (1″ phase)  RM 652 million  Expected year of commencement  2013  Expected year of completion  2016 to 2017
4. INFORMATION ON OUR GROUP (Cont’d) Puchong Financial Corporate Centre South (“PFCC South”) (Up-coming project) PFCC South, located in Bandar Puteri Puchong is an integrated development consisting of office suites, retail and service apartments. Boasting a contemporary architecture with use of glass, light weight steei structures and screening devices to bring in natural light which creates a cool indoor environment, PFCC South is envisaged to become the next architectural iandmark in Puchong. Green features will be incorporated into the design and the commercial buiidings will be Green Buiiding Index certified. A summary of the project is as follows: Type of project and development  Commercial-office suite, SOHO and shop office Residential ­service apartments  Totai project units  824 units  Forecasted GDV  RM 480 million  Expected yearof commencement  2014  Expected year of compietion  2017·2018
Le Pavillion [Up-coming project) Le Pavillion situated In Bandar Puteri Puchong is a resort styie luxury condominium with dedicated facilities all housed within separate paVilions surrounded by lush landscaping. Other than the podium facilities, Le Pavilion also has sky lounges at every 4 fioors, which offer vantage views of the Puchong and Kuala Lumpur skyline. A summary of the project is as follows: Type of project and development  Residential -Service apartments  Total project units  606 units  Forecasted GDV  RM 394 million  Expected year of commencement  2013  Expected year of completion  2016
(c) 101 Resort City, Putrajaya iOI Resort City in Putrajaya is iocated just 20 minutes from Kuala Lumpur City Centre. 101 Resort City comprises 4-star and 5-star hotels as well as an 18-hole championship golf course developed and managed by our Group. Developments in 101 Resort City include Puteri Palma Condominiums. We are working towards transforming 101 Resort City into a commercial and entertainment centre. Other than the new 18­hole golf course, we are currently constructing the 101 City development which comprises 101 City Mall, prOViding a host of merchandises and services, ranging from mid to high end to cater to a wide range of consumers. 101 Resort City will also feature, among others, two (2) green business towers, known as the 101 City Tower which will be MSC Cybercentre status compliant, as well as a 5-star hotel and 101 City Park with over 7,000 carpark bay. Upon compietion of the 101 City development, we expect our investment portfolio to increase by 1.4 million sq ft of leUable space from the 101 City Mall and 1.2 million sq ft of office space from our 101 City Tower. Our leisure and hospitality operations will also expand with the completion of the 350 room 5-star hotel. 4. INFORMATION ON OUR GROUP (Conf’d) 101 City Mall and 101 City Hotel IOn-going project!
(Artist’s impression) Further details of 101 City Mall and 101 City Hotel are as follows:­Type of project and development  101 City Mall -shopping mall and 2 block offices 101 City Hotel -hotel  Total project units  1 block of 5-star hotel, 2 blocks of 30 storey office towers, 4 storey shopping mall and over 7,000 carpark bay  Forecasted GDV  RM 2.0 billion  Lettable area  Approximately 2.65 million sq ft  Total land area  36.57 acres  Year of commencement  2011  Expected year of completion  2016

(d) The Hammock, Ampang, Kuala Lumpur (Niche Development) (Up-coming project) The Hammock is a luxury condominium at the diplomatic enclave on Jalan Ampang, Kuala Lumpur, with many units having a view of the Kuala Lumpur City Centre. The Hammock will feature a 0.8 acre garden space, a 50 metre Olympic-sized saline pool, a wading pool, Jacuzzi, a state of the art gymnasium, private function rooms, a barbeque pavilion, a yoga deck, sculptured playthings, jogging and bicycle track. The Hammock wili also offer exclusive private lift lobby and other sophisticated security features. A summary of the project is as follows: 4. INFORMATION ON OUR GROUP (Cont’d) e) Major Klang Valley projects Type of project and development  Residential –condominiums  Total project units  224 units  Forecasted GDV  RM 437 million  Expected year of commencement  2014  Expectedyear of completion  2017
Our major Klang Valley projects are highlighted in the tables below:­Major completed projects
PRIMROSE  Flora  99 units of 2 storey terrace  99/100%  4.14/  215  52  2007  2010  Bandar Puteri, Puchong  Development  houses  241,878  2  PUTERI SQUARE  Flora  32 en-block units &­104  134/99%  1.72/  352  174  2007  2009  Bandar Puteri, Puchong  Development  strata units of 4 storey shop  494.151  offices  3  SERENA  Flora  216 units of 2 & 2 1/2 storey  216/100%  8.66/  221  125  2008  2010  Bandar Puteri, Puchong  Development  terrace houses  566,680  4  OATARAN PUTERI 3  Flora  78 units of 3 & 4 storey shop  78/100%  3.14/  309  143  2008  2010  Bandar Puteri, Puchong  Development  offices  463.356  5  ZARRA  Flora  183 units of 2 & 21/2 storey  183/100%  7.61/  246  120  2009  2011  Bandar Puteri, Puchong  Development  terrace houses  488,290  6  PUTERI CENTRAL  Flora  56 en-block units & 100  154/99%  2.801  402  253  2009  2011  Bandar Puteri, Puchong  Development  strata units of 4 storey shop  629,511  offices  7  THE CUBE  Flora  40 en·block units & 3 strata  20/47%  8.08/  900  279  2010  2012  Bandar Puteri, Puchong  Development  units of 3 & 4 storey  310,020  boutique bungalo’NS & semi~  detached shop offices  8  101 BOULEVARD  Pilihan Megah  358 units of retail! offices  254/100%  6.04/  376  207  2007  2009  Bandar Puchong Jaya,  Note: 104 units retained as  551,144  Puchong  investment properties  9  THE VERVA  Pilihan Megah  35 en-block units & 20 strata  44/80%  1.79/  440  137  2006  2009  Bandar Puchong Jaya,  units of 3 1/2 storey shop  311,278  Puchong  offices  10  SKYVILLE  Pilihan Megah  60 units of 2 1!2 storey  60/100%  7.34/  458  148  2008  2011  Bandar Puchong Jaya,  semi~detached houses  323.250  Puchong  11  PRIMA AVENUE 2  Pilihan Megah  21 units of 3 storey shop  19/90%  0.90/  383  44  2008  2010  Bandar Puchong Jaya,  offices  114,771  Puchong  44
4. INFORMATION ON OUR GROUP (Cont’d)
12  PUCHONG SQUARE  Pilihan Megah  13 units of 3 storey shop  11/85%  0.69/  375  34  2010  2012  Bandar Puchong Jaya,  offices  90,702  Puchong  13  PRIMA AVENUE 3 Bandar  Dynamic  15 units of 3  storey shop  15/100%  0.65/  458  38  2010  2012  Puchong Jaya, Puchong  Management  offices  83,003  14  PUTERI PALMA 3  Pine Properties  242 units of condominums  230/95%  9.65/  426  176  2007  2010  CONDOMINIUMS  412,758  101 Resort, Putrajaya  15  ADENIA  Lush  147 units of 2 storey terrace  146/99%  6.48/  234  78  2009  2011  16 Sierra, South Puchong  Development  houses  333,224  16  ARECA  Lush  104 units ot 2 storey terrace  104/100%  4.75/  257  60  2009  2011  16 Sierra, South Puchong  Development  houses  233,360  17  ODORA PARKHOMES  Lush  446 units of 3 & 3 1/2 storey  405/91%  18.12/  223  211  2010  2012  16 Sierra, South Puchong  Development  townhouses  947,413  18  HIJAUAN PUTERI  Flora  280  units  18  storey  280/100%  5.21 /256,368  379  97  2010  2013  CONDOMINIUM  Development  condominium  Bandar Puteri, Puchong  Major on-going projects

SKYPOD RESIDENCES Bandar Puchong Jaya, Puchong  Pilihan Megah  640 residential units in 2 blocks of serviced apartments with 50 units office lots and 34 units shop lots  597/82%  1.911723,305  2012  2015  420  2  LYDEN’ 16 Sierra, South Puchong  Lush Development  228 units of terraced houses, 26 units of semi-detached houses and 9 units of zero lot bungalows  149/57%  19.61 1791,907  2011  2013  290  3  AKIRA 16 Sierra, South PuchonQ  Lush Development  122 units of semivdetached houses  5/4%  12.15/561,607  2011  2013  272
45
4. INFORMATION ON OUR GROUP (Cont’d) Major on-going projects (which will be held as investment properties) 4. INFORMATION ON OUR GROUP (Cont’d)
2 3  TOWER 3, PFCC Bandar Puteri, Puchong TOWER 4 & 5, PFCC Bandar Puteri, Puchong 101 CllY MALL 101 Resort, Putrajaya ’01 CllY HOTEL 101 Resort, Putrajaya . 101 CllY PARK 101 Resort, Putrajaya 10/ CllY TOWER ONE 101 Resort, Putrajaya 101 CllY TOWER TWO 101 Resort, Putrajaya  /01 PFCC Hotel Flora Development 101 City Mall 101 City Hotel 101 City Park 101 City Tower One 101 City Tower Two  1 block of 16 storey hotel comprising 282 rooms 1 block of 18 storey and 1 block of 20 storey purpose built office bUilding 4 storey retail mall 23 storey of 5-star hotel comprising 350 rooms 7,078 units of carparK bays 1 block of 30 storey office tower 1 block of 30 storey office tower  1.72 3.20 36.57  NA 490,070′ 1,400,700′ NA NA 540,500′ 540,500′  2012 2010 2011 2011 2011 2011 2011  2014 2013 2014 2016 2014 2016 2016  23 130 130 36 199 28 28  Note:­# Estimated net {effable area upon completion. These projects has been completed as at 31 October 2013. Major upcoming projects

LA THEA 16 Sierra, South Puchong  Lush Developm ent  Residential-Condominium  6.52  526  297  2013  2016  2  PUTERI HILL Bandar Puteri, Puchong  Flora Development  Residential ~ Duplex Villa Residential ~ Condominium  12.80  120 120  125 246  2013 2013  2016 2016  3  SIERRA 6 16 Sierra, South Puchong  Lush Development  Residential Houses  -3  Storey  Terrace  19.61  217  260  2013  2016  4  SHOP OFFICE 16 Sierra, South Puchong  Lush Developm ent  Commercial-Shop offices  10.00  99  218  2013  2015  46

5  SIERRA 10 16 Sierra, South Puchong  Lush Development  Residential-Service ~par1ment5  1.70  227  103  2014  2016  6  THE SKYZ RESIDENCES Bandar Puchong Jaya, Puchong  Pilihan Megah  Residential-High End Apartments  23.16  1.041  677  2013  2016  7  LE PAVILLION Bandar Puteri, Puchong  Flora Development  Residential-Service Apartments  5.70  606  394  2013  2016  8  PARCVILLE APARTMENTS Bandar Puchong Jaya, Puchong  Dynamic Management  Residential -Condominium  4.49  280  204  2013  2016  9  101 RIO CITY Bandar Puteri, Puchong  Flora Developm ent  Commercial -Office Suites Commercial -Shop Offices Commercial -Retail Centres Residential -Service Apartments  7.91  184 14 54 654  115 B4 65 388  2013 2013 2013 2013  2016 2016 2016 2017  10  THE HAMMOCK Ampang, Kuala Lumpur  IOIP  Residential -Condominium  3.76  224  437  2014  2017  11  SIERRA 12 16 Sierra, South Puchong  Lush Development  Residential-Townhouses  19.58  342  275  2014  2017  12  THE CRUISE Bandar Puteri, Puchong  Flora Development  Residential -Service Apartments  2.91  326  217  2014  2016  13  SIERRA 11 16 Sierra, South Puchong  Lush Development  Residential Houses  -3  Storey  Terrace  22.14  208  183  2013  2016  14  SOVO Ba~dar Puteri, Puchong  Flora Development  Residential -Service Apartments  1.42  370  126  2014  2016  15  SIERRA 10 16 Sierra, South Puchong  Lush Development  Commercial -Shop Offices  6.06  55  116  2015  2016  16  PUCHONG FINANCIAL CORPORATE CENTRE SOUTH Bandar Puteri, Puchong  Flora Development  Residential-Service Apartments Commercial -Office Suites Commercial -Shop Offices  4.37  300 197 20  195 148 60  2014  2017  17  SIERRA 3 16 Sierra, South Puchong  Lush Development  Residential -Condominium  24.98  500  250  2015  2018  47
4. INFORMATION ON OUR GROUP (Cont’d) 4.2.4 Details of our Johor Projects Some of our major projects in Johor are as foJlows:­(a) Kempas Utama, Johor Bahru (Township)

_,.(A”rt”is…f__’s”i”m””P”’r….s”s:::io”n:’.iI Forecasted GDV -‘-­RM 40 million 2014 RM 126 million -.J 4. INFORMATION ON OUR GROUP (Cont’d)
(Artist’s impression) 49

4. INFORMATION ON OUR GROUP (Cont’d) (b) Bandar Putra Kula; @ Kulaijaya (Township) Based in Iskandar Malaysia, Bandar Putra Kulai @ Kulaijaya is a self-contained township that is complete with convenient amenities such as a recreational park, schools, 101 Mall (shopping complex), shops, 101 Palm Villa Golf & Country Resort and a club house. Bandar Putra Kula; @ Kulaijaya consists of on-going projects, including Grand Ville, Golfvue, Vienna, Tropics, Acadia and Casa Impian, which are landed residential developments. The township will further undergo additional developments which include the D’Putra Suites serviced apartments and shop units. Please find below details of some our products within Bandar Putra Kulai:­

(Artist’s impression) Type description Total project units Total land area Average saleable area per unit Year of commencement Expected year of completion Forecasted GDV house 51 units 2.85 acres 2,706 sq ft 2011 2013 RM 24 million 4. INFORMATION ON OUR GROUP (Cont’d)
Type of property and description Total project units Total land area Average saleable area per unit Year of commencement Expected year of completion Forecasted GDV Type of property and description Total project units Total land area Average saleable area per unit Year of commencement Expected year of completion Forecasted GDV  2 storey terrace house 159 units 6.64 acres 2,418 sq ft 2011 2013 RM 59 million Single storey terrace houses 150 units 5.44 acres 1,102sqft 2011 2013 RM 35 million
Type of and Single storey terrace description  house  Total project units  126 unfls  Total land area  4.91 acres  Average  saleable  area  per  1,171 sqft  unit  Year of commencement  2011  Expected year of completion  2014  Forecasted GDV  RM 28 million  Type  of  property  and  3  and  4  storey  shop  description  offices  Tolal project units  38 units  Total land area  1.89 acres  Average  saleable  area  per  7,035 sq ft  unit  Year of commencement  2012  Expected year of completion  2014  Forecasted GDV  RM 50 million  (Artist’s impression)

Type  of  property  and  2 storey shop office  description  Total project units  37  Total [and area  1.59 acres  Average  saleable  area  per  3,631 sq ft  unit  Year of commencement  2012  Expected year of completion  2014  Forecasted GDV  RM 28 million
4. INFORMATION ON OUR GROUP (Cont’d) (Artist’s impression) Type of property description Total project units Year of commencement Expected year of completion Forecasted GDV 21 storey apartment 252 2013 2016 RM73 million (c) The Platina (Niche development) (On-going project)
(Artist’s impression) The Platino in Johor consists of two (2) blocks, 711 units service apartments and 12 units of shop offices built on a land area of 5.39 acres. The Platino is strategically located fronting Jalan Skudai, and adjoining Jalan Segenting within the SkudaifTampoi area of Iskandar Malaysia. The location enjoys good accessibility and is just 2 minute drive to Pasir Gudang Highway, 5 minute drive to the 2nd Link Expressway, 10 minute drive to CIQ/Johor Bahru City Centre and to North South Highway. It is surrounded by mature townships in the vicinity, such as Taman Munshyi Ibrahim, Taman Bukit Mewah and Taman Skudai Baru, and is only minutes’ drive to shopping, dining and entertainment available at Taman Sutera, Taman Perling and Taman Bukit Indah. These homes are serviced by a multi-tier security system that includes perimeter fencing, a guarded entrance, 24-hour guard patrol and CCTV monitoring at the designated areas and smart card access system to lifts, car parks and recreational facilities floor. A summary of the project is as follows: Type of project and development  Residential -serviced apartments Commercial ~shop offices  Total project units  Serviced apartments-711 units Shop offices -12 units  Forecasted GDV  Serviced apartments -RM 448 million Shop offices -RM 44 million  Land area  Serviced apartments -4.01 acres Shop offices -1.38 acres  Year of commencement  2013 (service apartments) 2014 (shop office)  Expected year of completion  2016 (service apartments) 2017 (shop office)
4, INFORMATION ON OUR GROUP (Cont’d) (d) Major Johor Projects Our Johor projects are highlighted in the tables below:­Major completed projects
INSPIRIA Taman Lagenda Putra, Kulaijaya  Legend Advance  96 units of single storey terrace houses  95/99%  3.83/ 118,104  152  18  2010  2012  2  VISTARIA Taman Kempas Utama, Johor Bahru  Wealthy Growth  108 units 2 storey terrace houses  108/100%  4.43/ 231,020  143  33  2008  2010  3  VICTORIA Taman Kempas Utama, Johor Bahru  Wealthy Growth  54 units 2 houses  storey  terrace  54/100%  2.40/ 133,408  151  20  2008  2010  4  CYBERIA Taman Kempas Utama, Johor Bahru  Wealthy Growth  72 units houses  2 storey terrace  71 /99%  3.00/ 179,190  182  29  2009  2011  5  INDAHRIA Taman Kempas Utama, Johor Bahru  Wealthy Growth  110 units 2 storey terrace houses  110/100%  4.60/ 255,519  157  40  2009  2011  8  PHASE 5B Taman Kempas Utama, Johor Bahru  Wealthy Growth  20 units single storey semi-detached factory  20! 100%  3.94/ 95,930  197  19  2009  2011  7  PHASE 5C Taman Kempas Utama, Johor Bahru  Wealthy Growth  20 units single storey semi-detached factory  20/100%  5.45/ 105,536  218  23  2010  2011  8  GOLFVUE lWlN VILLAS Bandar Putra Kulai, Kulaijaya  Property Village  32 units of 2 storey semi­detached villas  32/100%  4.61/ 112,672  243  27  2010  2012  9  TROPICS 2 Bandar Putra Kulai, Kulaijaya  Property Village  55 units of 2 storey super linked houses  54198%  3.00/ 148,618  161  24  2010  2012  10  AMBER Bandar Putra Kulal, KuJaijaya  Nice Frontier  154 units single terrace houses  storey  153199%  5.70/ 165,914  127  21  2008  2009  53
4. INFORMATION ON OUR GROUP (Cont’d)
Kulaijaya 12 ALICIA Nice Frontier 131 units of 2 storey 131/100% 4.66/ 118 27 2009 2011 Bandar Putra Kulai, terrace houses 228,410 Kutaijaya 13 TANJUNGINOAH Nice Frontier 196 units of single storey 195/99% 6.68/ 137 28 2009 2011 Bandar Putra Kulai, terrace houses 204,056 Kulaijaya 14 KRISTAL Nice Frontier 56 units of single storey 56/100% 2.51/ 124 9 2009 2011 Bandar Putra KUlai, terrace houses 72,292 Kulaijaya 15 ALICIA 2 Nice Frontier 106 units of 2 storey 105/99% 4.19/ 135 25 2010 2012 Bandar Putra Kulai, terrace houses 184,899 Kulaijaya 16 TANJUNG INOAH 2 Nice Frontier 131 units of single storey 126/96% 5.25/ 169 25 2010 2012 Bandar Putra Kulai, terrace houses 148,115 Kulaijaya Major on-going projects
PHASE CP70′ Bandar Putra Segamat  Nice Skyline  28 units of 2 storey shop offices  24! 86%  2.70179,632  2011  2013  14  2  IVORY 3 Bandar Putra Segamat  Nice Skyline  75 units of 2 storey terrace houses  21/28%  5.80/ 155,091  2011  2013  21  3  IVORY 4 Bandar Putra Segamat  Nice Skyline  47 units of 2 storey terrace houses  11/23%  3.40/98,111  2012  2014  15  4  INOAH 4 Bandar Putra Segama!  Nice Skyline  117 units houses  of  single  storey  terrace  75/64%  10.00/141,118  2012  2014  24  5  CYPRUS 2 Taman Legenda Putra, Kulaljaya  Legend Advance  36 units houses  of  2  storey  semi-detached  28/78%  2.69/92,700  2012  2014  21  6  SAFIRA Taman Legenda Putra, Kulaijaya  Legend Advance  48 units houses  of  single  storey  cluster  31/65%  2.74/59,280  2011  2013  15  54
4. INFORMATION ON OUR GROUP (Cont’d)
Kulaijaya 8 THE PLATINO Trilink 1 block of 378 units of serviced 143120% 4.01 1668,925 2013 2016 448 Skudai Pyramid apartments and 1 block of 333 units of serviced apartments 9 PHASE SA’ Wealthy 54 units of 2 storey service factorj~s 541100% 2.611257,230 2010 2013 41 Taman Kempas Utama, Growth Johor Bahru 10 PHASE SE Wealthy 44 units of 1 % storey cluster & semi-14/32% 9.53 1240,284 2011 2014 88 Taman Kempas Utama, Growth detached factories Johor Bahru ‘1 SERISSA Wealthy 30 units of 2 storey sem i-detached 17/57% 2.451106,516 2011 2013 34 Taman Kempas Utama, Growth houses Johor Bahru 12 QUATTRO Wealthy 77 units of 3 storey shop offices 30/39% 3.691461,069 2011 2014 126 Taman Kempas Utama, Growth Johor Bahru 13 MESMERIA Wealthy 71 units of 2 storey terrace houses 63/89% 3.181187,975 2012 2013 40 Taman Kempas Utama, Growth Johor Bahru 14 ATRIA 3′ Wealthy 20 units of 2 storey shop offices 2/100k 0.67156,776 2012 2013 16 Taman Kempas Utama, Growth Johor Bahru 15 GRANDVILLE Property 24 units of 2 storey bungalow house 14/58% 8.661117,264 2011 2013 54 Bandar Putra KUlai, Kulaijaya Village 16 VIENNA Property 86 units 2 storey semi-detached 60/70% 6.951267,030 2011 2013 55 Bandar Putra Kulai, Kulaijaya Village houses 17 TROPICS 2 Property 51 units of 2 storey super linked 50 198% 2.851138,004 2011 2013 24 Bandar Putra Kulai, Kulaijaya Village houses 18 GOLFVUE 2 Property 40 units of 2 storey semi-detached 29 J 73% 5.241155,680 2012 2014 38 Bandar Putra Kulai, Kulaijaya Village twin villas NA(1} NAP}19 BUNGALOW PLOT Property 36 units of bungalow plots -1-13.321580.218 38 Bandar Putra Kula!. Kulaijaya Village 20 PRINCETON AVENUE’ Nice Frontier 38 units of 2 storey shop offices 35/92% 1.741148,107 2011 2013 28 Bandar Putra Kulai, Kulaijaya 21 ACACIA’ Nice Frontier 159 units of 2 storey terrace houses 133184% 6.641384,450 2011 2013 59 Bandar Putra Kulai, Kulaijaya 55 4. INFORMATION ON OUR GROUP (Cont’d) CASAINDAW Bandar Putra Kulai, Kulaijaya  Nice Frontier  129 units houses  of  single  storey  terrace  124/96%  5.25/171,198  2011  2013  28  23  NIAGAPUTRA’ Bandar Putra Kulai, Kulaijaya  Nice Frontier  24 units of single storey terraced houses and 10 units of 2 storey terraced shop offices  33/97%  1.62/86,161  2011  2013  13  24  EMPIRE Bandar Putra Kulai, Kulaijaya  Nice Frontier  38 units of 3 and 4 storey shop offices  15/39%  1.89/267,347  2012  2014  50  25  CASAIMPIAN Bandar Pulra Kulai, Kulaijaya  Nice Frontier  150 units houses  of  single  storey  terrace  22/15%  5.44/165,360  2011  2013  35  26  VANTAGE 3 Bandar Putfa Kulai, Kulaijaya  Nice Frontier  37 units of 2 storey shop offices  18/49%  1.59/134,356  2012  2014  28  27  KRISTAL2 Bandar Putra Kulai, Kulaijaya  Nice Frontier  126 units houses  of  single  storey  terrace  92/73%  4.91/147,558  2011  2014  28  28  FACTORY Taman Lagenda Putra, Kulaijaya  Legend Advance  40 units of cluster factory  16/40%  7.55 /201.240  2013  2016  50  29  D’SUMMIT Taman Kempas Utama, Johor Bahru  Wealthy Growth  6 blocks of apartments  3,145  units  service  226/13%(Zj  9.98/2,578.379  2013  2017(3)  1,585
Notes:­These projects has been completed as at 31 October 2013.
I’) This project was intended to be sold as empty land, please note that our Group is not responsible for its development. (2) Calculated based on 1,790 units launched. I’)
Only applicable for the first two (2) blocks as the remaining four (4) blocks have yet to commence construction. Major Upcoming Projects
PH 2A3A (P2)-SA-A 845SF Bandar PUlra Kulai. Kulaijaya  Nice Frontier  Residential -Service Apartments  1.13  144  39  2013  2016  2  PH 2A3A (P2j-SA-B11,063SF Bandar Putra KUlai. Kulaijaya  Nice Frontier  Residential-Service Apartments  0.80  108  34  2013  2016  3  5B01 (P4)-5SS0 Bandar Putra Kulai, Kulaijaya  Nice Frontier  Commercial -Shop Offices  1.80  39  86  2012  2013  56
4. INFORMATION ON OUR GROUP (Cont’d) 4. INFORMATION ON OUR GROUP (Cont’d)
4  TA·50HO Kempas Baru  Wealthy Growth  Commercial -SOHO  0.60  260  75  2014  2016  5  1E01(P4)-25TH Bandar Putra Kulai, Ku!aijaya  Nice Frontier  Residential Houses  -2  Storey  Terrace  5.70  148  53  2013  2014  6  3AOS·BUNGALOW Bandar Putra Kulai, Kulaijaya  Property Village  Residential-Bungalows  3.5  31  52  2013  2015  7  PH 20 ­CLUSTER HOME ­33X75 Taman Kempas Utama, Johor Bahru  Wealthy Growth  Residential-Cluster Homes  4.14  68  65  2013  2014  8  PH 3·5550 The Platina, Johor Bahru  Trilink Pyramid  Comm erdal -Shop Offices  1.38  12  44  2014  2017  9  4B01·L1NK BUNGALOW Bandar Putra Kulai, Kulaijaya  Property Village  Residential-Bungalows  8.42  40  58  2013  2014  10  4A02·CLU5TER FACTORY Taman Lagenda Putra, Kulaijaya  Legend Advance  Industrial -Cluster Detached Factories  and  Semi  6.69  36  44  2013  2015  11  3A3A·CLU5TER HOME Bandar Putra Kulai, Kulaijaya  Property Village  Residential-Cluster Homes  4.50  72  35  2013  2014  12  9E01(P4)·15TH Bandar Putra Kulai, Kulaijaya  Nice Frontier  Residential Houses  -1  Storey  Terrace  8.70  145  30  2013  2014  13  9E02(P4)-15TH Bandar Putra Kulai, Kulaijaya  Nice Frontier  Residential Houses  -1  Storey  Terrace  8.90  269  56  2013  2014  14  PH 3B·2550·40XBO Taman Kempas Utama, Johor Bahru  Wealthy Growth  Residential Houses  – Semi  Detached  3.20  40  48  2015  2016  15  PH 5H-CLU5TER FACTORY· 60X135 Taman Kempas Utama, Johor Bahru  Wealthy Growth  Industrial-Cluster Factories  13.90  30  63  2014  2015  16  1E02(P4)·25TH Bandar Putra Kulai, Kulaijaya  Nice Frontier  Residential Houses  -2  Storey  Terrace  5.00  128  47  2014  2015  57

17  8E01(P4)-1 STH Bandar Putra Kulai, Kulaijaya  Nice Frontier  Residential Houses  -1 Storey  Terrace  7.90  203  44  2015  2016  18  3A3B·CLUSTER HOME Bandar Putra Kulai, Kulaijaya  Property Village  Residential-Cluster Homes  4.60  80  41  2014  2015  19  1DOS·SEMI D GATE A Bandar Putra Kulai, Kulaijaya  Property Village  Residential Houses  – Semi  Detached  3.30  38  34  2014  2016  20  PH 17A-LAVENDER Bandar Putra Segamat  Nice Skyline  Residential Houses  -2  Storey  Terrace  4.61  106  28  2014  2016  21  P1 -SERViCE APT Pfentong Land  Wealthy Growth  Residential-Service Apartments  3.40  828  288  2013  2016  22  P2 -SERVICE APT Plentong Land  Weallhy Growth  Residential -Service Apartments  2.50  594  242  2013  2017  23  TB·SOHO Kempas Baru  Weallhy Growth  Commercial-SOHO  0.60  300  102  2015  2018  24  PH 2E·CLUSTER HOME·33X75 Taman Kempas Utama, Johor Bahru  Wealthy Growth  Residential -Cluster Homes  7.0  112  99  2013  2014  25  2E(P4)·3SS0 Bandar Putra Kulai, Kulaijaya  Nice Frontier  Commercial ­Shop Offices  7.50  176  67  2015  2016  26  7E&4F(P4)-1 STH Bandar Putra Kulai, Kulaijaya  Nice Frontier  Residential Houses  -1 Storey  Terrace  7.80  230  51  2016  2017  27  3A2A-CLUSTER HOME Bandar Putra Kulai, Kulaijaya  Property Village  Residential ­Cluster Homes  4.50  76  42  2015  2017  28  3C01-DSCH 32X70 Taman Lagenda Putra, KuJaijaya  Legend Advance  Residential-Cluster Homes  4.23  76  34  2015  2017  29  2COl-2SS0F 22X70 Taman Lagenda Putra, Kulaijaya  Legend Advance  Commercial Offices  -2  Storey  Shop  2.0  75  29  2016  2019  30  PH 3C-2SSD·40X60 Taman Kempas Utama, Kulaijaya  Wealthy Growth  Residential Houses  -Semi  Detached  2.2  26  33  2015  2016  58
4.  INFORMATION ON OUR GROUP (Cont’d)  31 32 33  3A06-BUNGALOW Bandar Putra Kulai, Kulaijaya MERIDIAN Taman Kempas Utama, Johor Bahru FLORENCIA Taman Kempas Utama, Johor Bahru  Property Village Wealthy Growth Wealthy Growth  Residential-Bungalows Residential -3 Storey Terrace Houses Residential -3 Storey Semi Detached Houses  2.5 3.9 4.31  16 92 52  32 70 59  2015 2011 2010  2016 2013 2013  4.2.5  Details of our projects in other regions in Malaysia Major completed projects Some of our major projects in other regions in Malaysi a are highlighted  below:­

PALM GARDEN II Palmex 22 units of 3 storey 22/100% 1.13/ 275 18 2007 2009 Desaria, Sungai Ara Industries terrace house 65,336 2 RAINTREE GARDEN II Palmex 8 units of 3 storey 8/100% 1.01/ 300 10 2008 2010 Desaria, Sungai Ara Industries semi-detached house 33,350 3 FETIES RESIDENCES Palmex 195 units af 195/100% 2.87/ 439 177 2008 2011 Tanjung Tokong Industries condominium 412,707 Major on-going projects
KENARIAVENUE Desaria, Sungai Ara  Palmex Industries  7 storey commercial complex comprising 22 units of shop office, 4  17 / 65%  1.01/95,732  2012  2013  48  units of shop lot and 4 storey car park  2  D’ZONE TELUK KUMBAR Barat Oava  Palmex Industries  96 units in 18 storey apartment and 3 storey car park  48/50%  2.43/148,546  2012  2014  52
59
4. INFORMATION ON OUR GROUP (Cont’d) Major upcoming projects
STRAMAX Palm ex Industries Resid ential-Strata terrace houses 12.08 107 57 Desaria, Sungai Ara 2  CYPRESS VILLA Desaria, Sungai Ara  Palmex Industries  Residential-Semi detached houses Residential-Bungalows  4.74  48 3  79  Neger.iS:embilan  PH 1-22X80 (3 STOREY) Romp!n, JempoJ  Jutawan Development  Commercial -Shop Offices  9.71  88  99  2013  2015  2  PH 6-22X80 (3 STOREY) Rompin, Jempol  Juta…….an Development  Commercial -Shop Offices  18.71  170  214  2014  2016  3  PH 4·24X70 (2 STOREY) Rompin, Jempol  Jutawan Development  Residential Houses  – 2  Storey  Terrace  13.0  151  82  2014  2015  4  PH 2-24X100 (1 Y, STOREY) Rompin, JempoJ  Jutawan Development  Industrial-Light industry  12.44  81  67  2013  2015  5  PH 3-60X130 (1 Y, SEMI DETACHED) Rompin, Jempol  Jutawan Development  lndustrial-Light industry  16.96  48  53  2013  2015  6  PH 5·40X85 & 40X95 (2 STOREy) Rompin, Jempol  Jutawan Development  Residential Houses  – Semi  Detached  14.20  90  65  2014  2015  7  Ph 8·22X80 (2 STOREy) Rompin, Jempo[  Jutawan Development  Commercial-Shop Offices  9.5  93  74  2016  2017  8  PH 7-LOW COST Rompin, JempoJ  Jutawan Development  Residential-Townhouses  20.0  300  13  2015  2017
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4. INFORMATION ON OUR GROUP (Cont’d) 4.2.6 Details of our Singapore Projects Our projects in Singapore are as set out below: (i) Cityscape at Farrer Park (On-going project) Cityscape at Farrer Park is one of our niche developments in Singapore. Approximately 80% of Cityscape’s freehold units have been taken up since its launch in October 2010. Orchard Road is about a five minute drive away while the central business district’s Shenton Way and Marina Bay Financial Centre are also easily accesible by car or public transport. With Farrer Park MRT station just an eight minute walking distance away, Cityscape enjoys convenient proximity to Singapore’s underground public transport system. A summary of the project is as follows: Name of developer  Mergui Development  Type of project and development  Residential ­Condominium 250units 211 units / 84% RM1,012 million (SGD 403 million) 2.08 acres 296,761 sq It 2011 2014  Total project units  Units sold / % of units  Forecasted GDV  Land area to be deveioped  Saleable area  Year of commencement  Expected year of completion
(ii) The Trilinq at Jalan Lempeng (On-going project)
The Trilinq is a 6 acre 99-year leasehold condominium project offering three (3) residential towers of up to 36 storeys, offering unobstructed views of Sungei Ulu Pandan and the Pandan Reservoir. it is strategically located near Clementi Town Centre, being five minutes away on foot from the Clementi MRT station and also enjoys easy connections to the major expressways. The site is in close proximity to a choice of reputable schools and educational institutions (such as the neighbouring Nan Hua Primary School, Singapore Polytechnic and National University of Singapore), as well as a wide plethora of civic facilities and amenities within the mature estate of Clementi and the Jurong Lake District. A summary of the project is as follows: (Artist’s impression) Name of developer  Clementi Development  Type of project and development  Residential-Condominium  Total project units  744 apartment units and 11 penthouses  Units sold I % of units  109 units /14%  Forecasted GDV  RM2,472 million (SGD984 million)  Land area to be developed  6 acres  Saleable area  724,195 sq It  Year of commencement  2012  Expected year of completion  2017

4. INFORMATION ON OUR GROUP (Cont’d) (iii) Seascape at Sentosa Cove (Completed project) Seascape, one of our niche developments in Singapore, is a condominium development comprising two blocks of 8-storey residential apartments with basement carpark and recreational facilities. Situated within the exclusive enclave of Sentosa Cove, Singapore. Seascape offers the view of the Sentosa Island’s surroundings. it features a coilaborative piece of art featuring ship architecture, offering unparaiieled views of the sea and the southern islands. Seascape is designed for luxurious living, offering 151 exclusive waterfront units. A summary of the project is as follows: Name of deveioper Seaview (Sentosa) Type of project and development Residential-Condominium Total project units 151 units Units sold 1% of units 47131%’ GDV RM2,693 million (SGD 1,068 million) Average seiling priceper sq ft RM 6,532 Average saleable area per unit 2,707 sq ft 3.61 acres Land area to be developed Saieable area 408,788 sq ft Year of commencement 2008 CCC 1Occupation Permit (OP) Temporary occupation permit-20111 Certificate Statutory Completion-2011 Note: /I  ft should be noted that Seascape development offers exclusive location and design, caters to a niche luxurious living market segment and command premium pricing. Hence, we expect it to require a longer gestation period before the.~.nits are fully sold.  In the interim, we have made the rental/lease option available for our unsold units in Seascape. This alternative option will provide our jointly controlled entity, Seaview (Sentosa) with a steady stream Df recurring incDme in the near term, whifst we cDntinue tD Identify pDtential buyers fDr such unsold units.
4. INFORMATION ON OUR GROUP (Cont’d) (iv) Cape Royale at Sentosa Cove (Up-coming project)
Adjacent to our earlier mentioned Seascape development is Cape Royale which is located at the entrance of the marina. Barring unforeseen circumstances, it is set to be the tallest building within Sentosa Cove at up to 20-storeys in height. This iconic condominium will offer 302 luxuriously appointed units. Cape Royaie will offer panoramic vistas of the South China Sea, the Southern Islands, Tanjong Golf Course and the city skyline. A summary of the project is as follows: Name of developer  Pinnacle (Sentosa)  Type of project and development  Residential -Condominium  Total project units  302 units  Forecasted GDV  RM5,004 miilion (SGD 1,992 million)  Land area to be developed  5.32 acres  -­Year of commencement  2010  Expected year of completion  2013
(v) South Beach
(Artist’s impression) The South Beach project is a mixed use development on Singapore’s Beach Road. It is strategically located between Raffies Hotel and Suntec City, and is next to the Esplanade mass rapid transit station. The South Beach project consist of two 45-storey and 34-storey towers and four conserved blocks comprising hotel, residential, office and retail space has a total land area of 376,295 sq ft. The South Beach project has a leasehold tenure of 99 years. The environmentally-friendly South Beach development was accorded two (2) Building and Construction Authority (BCA) Green Mark Platinum Awards for its residential and commercial components respectively. South Beach offers 49,000 sq m of lellable office space, 7,900 sq m of retail and food and beverage space, 2,700 sq m of city club, 654 hotel rooms and 190 premier residential apartments. Designed by world-renowned firm, Foster+Partners, the development’s revolutionary modern and environmentally sustainable architectural design fits in well with Singapore’s tropical climate and urban context. The central fealure of the green design is the tree canopy, which extends its shade to the spaces below and serves various environmental functions such as: 63 4. INFORMATION ON OUR GROUP (Cont’d) • Filtering and reducing heat gain
• Encouraging ventilation flow for thermal comfort
• Providing rain protection where required to the spaces beneath
• Maximising naturai daylight to reduce artificial lighting whiist filtering out solar glare
• Harvesting rainwater for irrigation
• Integrating soiar thermal panels to harness heat energy

in addition, South Beach incorporates energy-efficient, water-efficient fixtures and fittings, waste-heat recovery system, use of Singapore Green Label Scheme–(SGLS) approved materials, bicycie racks to minimise use of automotive vehicles and recycling condensate water. These green designs are expected to lead to 1,951,000 kWh of electricity and 174,000 m3 of water saved annually. With an iconic design and innovative features, South Beach is set to join the Singapore skyline upon its completion, estimated to be in 2014. A summary of the project is as follows: Name of developer  South Beach Consortium  Type of project and development  Mixed  use  development comprising residential apartments.  hotels, retail and office units  Land area to be developed  8.64 acres
Retail and office units -Investment Properties and hotels (On-going project) Total project units Hotel -654 rooms Office and retail lots with net lettable area of 640,991 sq fl’ Forecasted GDV RM6,167 million (SGD 2,455 million) Year of commencement 2011 Expected year of completion 2014 Residential apartments (Up-coming project) T6tal project units 190 units Forecasted GDV RM2,371 million (SGD 944 million) Saleable area 352,122 sq It 2011 Expected year of completion Year of commencement 2014 Note: Estimated net lettabfe area upon completion.
4. INFORMATION ON OUR GROUP (Cont’d) 4.2.7 Details of our China Developments Projects Our projects in Xiamen, PRe are as follows:­(i) 101 PARK BO BAY 1iiIj\!J~, PRC (Up-coming project) The 10i Park Bo Bay (IZQtwi:’!i) project is located in Jimei ( ~””) District, on the west side of Xinglin Bay (‘!;’,*i!!i) north side of Xing ping (‘ii’!ll:) Road, and west side of Xinglin Bay 2 (‘ii’,*i!!i2) Road. The north Garden Expo (Yuan Po Yuan-IZQJ1’jIZQ) has an unadulterated landscape value that makes this location an ideal place for home iife. This project is our first independent undertaking in the country. Developed on a 7.66 acre piece of land, it comprises 632 units of high-end residential duplex town villas and condominiums, as well as 170 commercial units, occupying a saleable area of approximately 1.1 million sq ft. The entire site has a basement car park with 450 parking bays. Summary of the details of 101 Park Bo Bay is as follows: Name of developer  Xiamen Double Prosperous Real Estate Development  Type of development and property  Residential ­duplex townvilla & condominium  Commercial-retail units and SOHO  Total project units  802 units  Forecasted GDV  RM941 million (RMB 1.8 billion)  I  Land area to be developed  7.66 acres  Year of commencement  2013  Expected Year of completion  2015
(ii) 101 PALM CITY, PRC (Up-coming project)
(Artist’s impression) 101 Palm City, which is a RMB4.9 billion residential development project located on a 43.55 acre plot of land at Xiamen Jimei (~~) District. An integrated development, it consists of a shopping mall, boutique offices, a 5-star hotel and luxury residences such as villas, townhouses and high-end condominiums. 4. INFORMATION ON OUR GROUP (Cont’d) The project is located at the southern part of Xiamen, at the junction between Jimei Highway (ll<!k*Ji) and Xingiinwan Road (‘l’l’;f;1<jl1JJ!!f). Connected to Jimei or Xiamen Bridge, it is a fifteen minute drive to Xiamen Gaoqi (~dJlI) International Airport on Xiamen Island. In addition, the project was aiso zoned in part of the Jimei Cluster deveiopment, which includes the development of entire new Jimei Township, an Expo Garden (Yuan Po Yuan-I1OlWII1<l) and new Xiamen Station (an integrated transport hub) with high speed railway connectivity. . t’A summary 0 fh t e Orol8C IS as faIIows: Shopping mall, offices and hotel -Investment Properties Total project units Mall and office with net lettable area of 670,824 sq It’ Year of commencement Yet to be determined Expected year of completion

Yet to be determined I Note. Estimated net /eNable area upon completion.
4.2.8 Developments Projects at Initial Stages The property developments disclosed below are currently in initiai planning stages. Hence, the development details disclosed below are still preliminary. Our Board may from time to time, review and revise these development plans, which includes the product mix of these projects. (il Bandar Puteri Warisan @ Sepang Bandar Puteri Warisan @ Sepang has been identified as one of our two (2) new townships in Sepang. Bandar Puteri Warisan @ Sepang is envisaged to be a 200 acres mixed development consisting of commerciai and residential components. The concept will be modeied after the hugely successful Bandar Puteri Puchong where the majority of the planned products will be a stable of terraces and townhouses, which will provide a steady and continuous cash flow for our group. it is accessible via the Putrajayai Cyberjaya -South Puchong -Kuala Lumpur International Airport highway, and is located next to the Salak Tinggi Express Rail Link (“ERL”) Station. (ii) Bandar Putera Warisan @ Sepang Bandar Putera Warisan @ Sepang is our other project in Sepang. It is a 132 acres leasehold development iand adjoining Salak Tinggi ERL Station, and located near Bandar Puteri Warisan. The concept will be similar to Bandar Puteri Warisan, but targeted to cater towards a higher density customer base. (iii) Kempas Baru Land We have identified 2.9 acres of land in Kempas Baru, Johor for the development of a 27 level high­rise project, comprising three (3) towers with approximately 860 SOHO units. The project site is along Jalan Kempas Baru. We expect our development to benefit from the upcoming transportation hub in Iskandar Malaysia. The property is located approximately 2 km from Kempas Baru Station in Johor Baru, which will soon be developed into an integrated transport hub -Kempas Sentral. Kempas Sentral is expected to have an integrated transportation system encompassing commuter trains interconnected with the rail network at Kempas Baru station, feeder bus and taxi services. 66 Name of developer Type of project and development Land area to be developed Residential Forecasted GDV Total project units Year of commencement Expected year of completion 101 (Xiamen) Properties Mixed used development consisting residential such as villa, townhouse and high-end condominiumwhile the commercial components includes shopping mall, boutique offices and 5-star hotel 43.55 acres RM2,516 million (RMB 4.9 billion) -2013 2018 4. INFORMATION ON OUR GROUP (Cont’d) (Iv) Synergy Business Park, Kula; One of our future developments in Kulai will be an industrial park located on 500 acres of freehold industrial land, comprising semi-detached and detached factories that cater for light and medium industries. Strategically located within the development corridor of the Flagship E of Iskandar Malaysia, it will feature a uniquely innovative concept industrial park with modern facade. (v) Ayer Keroh, Melaka Our Landbank in Ayer Keroh is currently an oil palm plantation, which is located directly adjacent to the North-South Expressway. Once the Landbank has been converted for development use, we intend to develop this 1,081 acre of land in phases with the aim of evolving Ayer Keroh into a self­contained and sustainable city in the long-term. We believe that our Ayer Keroh development may potentially contribute to the ex1ension of the Melaka -Ayer Keroh growth corridor given its strategic location as to its immediate south is the Melaka International Trade Convention. Melaka International Trade Convention is a large commercial development zone intended to house the State Government offices, technology industry companies, suites and retail. (vi) Bandar Puteri @ Bangi, Selangor We also intend to emulate our feat of township development with Bandar Puteri Bangi. The concept of the project will be similar to Bandar Puteri Warisan, with a slightly bigger commercial component. The residential precincts will be gated and guarded and well landscaped, with different themed gardens to encourage communal interactions. It is located next to Kuala Lumpur-Seremban highway and directly accessible via the Bandar Seri Putra interchange toll. [THE REST OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 4. INFORMATION ON OUR GROUP (Cont’d) PROCESS FLOW Key stages of our property development process are described below:
Planning & Approval Initial Planning
Building Plan Layout Planning& Design Approvaland Development DevelopmentLand Title r–­Management -I ~Approvals received ~ Project Implementation Pre Contract -Tender & Award
I I + Construction I I ~+._.-QA&QC Project Review /Handover I I Sales & Marketing
Strategic Marketing Management ~ Sales Implementation and Credit Management I I +
Vacant Possession After-sales Services Defect Management Maintenance Services Feedback Management (Al Planning and Approval Stage (i) Initial planning and development The process flow of a new property development project begins with the identification of a suitable development. In identifying the potential site and its proposed type of development, we will consider, amongst others, the following factors:­a) accesibility of the area and the available supporting infrastructure; b) marketability of the development and consumer demand for the properties in that area; and c) the estimated cost of development, investment and financial return ratios. Once we have identified the potential site, we will conduct a preliminary assessment and feasibility study on the proposed development (comprising residential and/or commercial properties). Our assessment and feasibility study takes into consideration, amongst others, the market supply and demand, forecasted budget and estimated costs of construction, comparable projects, potential pricing of the properties, environment and existing and/or potential competitors developing in the vicinity of the site. Thereafter, we will make a presentation to our senior management and Executive Directors for their deliberation and consideration. 68 4. INFORMATION ON OUR GROUP (Conf’d) (ii) Layout Planning and Land Title Management Upon obtaining the approval and clearance from our senior management and Executive Directors, we will proceed to appoint consultants (who are mostly engineers, architects and town planners, depending on the size of the development) from our panel of reputable consultants with proven track record in design, quality and reliability. During this stage, we will work closely with our appointed consultants to conceptualize the design and layout of the proposed development. As most of our proposed developments are mixed township developments, we will also need to plan for the layout of the proposed infrastructure within the proposed township, public amenities, utilities s8IVices and landscape for the residential and commercial properties. Our appointed consultants will begin to prepare the relevant layout and infrastructure plans for the submission to the local council for building plans approval. Concurrrenlly, we will also submit the relevant applications to the local council for conversion/amalgation and subdivision of our site/lands, where applicable, depending on the requirements!specificaions set out in the layout plans to be submitted to the local council. (iii) Design Development Upon submission of the layouUplanning approval, we will proceed to work with the architects for the detailed design of the respective buildings set out in layout plans submitted to the local council. Thereafter, the architects and enginners will submit the architectural drawings and other relevant plans to the local council for approval. (iv) BUilding Plan Approval Once the locai council grants layout! planning approval, we will submit the building plans for approval. (B) Project Implementation The construction of our ,proposed deveiopment can begin subject to obtaining the building plan approval. Thereafter, we will plan a project schedule and detailed project budget of our proposed development. Thereafter, we will invite our panel contractors (with proven capabilities and track record) to submit their tender bids for the project. We award the successful contractors based on ours and our appointed consultants’ evaluation criteria and the prices they submitted. During our construction stage, our project coordinartors will oversee the progress of the construction works through regular on-site inspections and monitoring of progress reports. This is to ensure timely completion of our proposed development within the contract sum and achieving the required quality, Upon completion of the construction works and once our consultants and local authority have certified the work done in accordance with the contracts and statutory requirement, respectively, our contractors will officially hand over the completed project to us for pre-delivery inspection before; (1) our hand over of the properties to our purchasers; or (2) the completed properties are leasedlrented out. (C) Sales and marketin·g We will generally launch our development project for sale as soon as we obtain the advertising permit. In line with our marketing strategy, our development projects are mostly sold on a build-and­sell basis. However, there are instances where we undertake the development on a build-then-sell basis For further details on our sales and marketing strategies, please refer to Section 4.12 of this Prospectus. 4. INFORMATION ON OUR GROUP (Cont’d) (D) After-sales services Our after-sales service activities are led by our customer relationship management (“CRM”) team and assisted by the relevant departments of our Group, where required. Our CRM team is tasked to ensure that our customers are assisted in a timely and satisfactory manner. The provision of quality after-sales service will enhance our brand and goodwill as a reliable and responsible property developer. This will in turn help to generate new sales and customer referrals for future sales of our properties. The process flow of our foreign development operations are to a certain extent similar to our Malaysian operations save for the relevant approvals sought from the locai councils and relevant government departments. 4.4 COMPETITIVE ADVANTAGES AND KEY STRENGTHS (Il Established Track Record and Market Reputation We are one of the leading property developers in Malaysia with a visible market presence in Singapore. Over the years, we have established a reputation as an experienced and reliable builder of homes specialising in the planning, design and development of townships. Our success in transforming Puchong from a largely under-developed / agricultural land area more than a decade ago into the bustling township of Bandar Puchong Jaya and Bandar Puteri Puchong is testimony of our ability, endurance and commitment. Our other successful township developments include Bandar Putra Senai (previously known as Bandar Putra Kulai) and Bandar Putra Segamat in Johor. We have built our “101” brand through our reliability in delivering our properties with proven quality on a timely basis. Our reputation and “101· brand are further affirmed through the numerous property development awards received from, amongst others, BCI Asia, The Edge Malaysia and Putra Brand Awards over the past decade. Please refer to Section 4.1.6(11) of this Prospectus for the list of awards accredited to us. Notwithstanding the above, we are also adept at identifying and undertaking standalone developments in prime/matured areas to cater for the mid to high-end commercial/residential properties segments in Malaysia and Singapore. We deem this property market segment to be our niche development. We believe that our rich history, established track record and brand will continue to provide us with a competitive edge over our peers in the property development industry. (iI) Well managed and prudently run by an experienced management team Our directors have extensive experience in the property business. They are supported by an experienced management team with a well-established track record in the property business. We believe our directors and our management team have the necessary expertise, skills and knowledge to continue to grow and expand our property business. Our directors and key management team have a proven track record for strong leadership and consistent performance, combining entrepreneurial drive with financial and managerial prudence. Our management’s expertise and understanding of market trends have enabled us to identify significant development opportunities in prime locations thereby positioning our Group to benefit from ensuing market growth. Please refer to Section 6 of this Prospectus for the profile of our key management. (iii) Focus on diversified product portfolio and business Our diversified product portfolio ranges from the development of townships to standalone mld/high­end residential and/or commercial properties. Hence, unlike some of our peers, we have the flexibility to plan our development projects and tailor our product mix to best meet the prevailing property market trends and conditions. 4. INFORMATION ON OUR GROUP (Cont’d) Notwithstanding the above, we have also diversified our business through our property investment and leisure and hospitality activities. Our investment properties will provide us with stable and recurring income, which is a key factor in complementing our revenue particularly during the cyclical slowdowns in the Malaysian property market. Our leisure and hospitality activities, apart from also providing an additional revenue stream, complements our townships and increases both the vibrancy and potential value of the surrounding development. (iv) Size and scale of our Group We are one of the iargest property developers in Malaysia in terms of revenue, size of Landbank and scale of operations. As at FYE 30 June 2013, we have cash and cash equivalents of RM441.33 million, net assets of RM1 0.3 million and gearing ratio of only 0.05 times. Due to our size and strong financial position, we are able to undertake several large scale development projects concurrently, and have the flexibility of undertaking projects with a longer gestation period. Please refer to Section 4 of this Prospectus for our major on-going and upcoming projects as at LPO. We are also less susceptible to the economic conditions and/or cyclical slowdowns in the Malaysian property market. To-date, we have consistently managed to deliver our properties with proven quality on a timely basis to our customers regardless of economic conditions and/or cyclical property slowdowns. (v) Strategic location for Landbank We beHeve we are in a relatively strong position compared to our peers as we have approximately 10,000 acres of undeveloped Landbank in Malaysia, Singapore and Xiamen, PRC as at LPO. Most of our Landbank are located within close proximity to commercial areas, established townships and/or growth corridors which we foresee to have significant potential over both the short to long term. We believe that we have purchased ‘most of our Landbank at a reasonable price and are committed to unlocking the value of our Landbank over the next 10 to 15 years. As at 30 June 2013, we have an estimated GOV of approximately RM10.0 billion for our operations in Malaysia, approximately SG02.9 billion for Singapore and approXimately RMB6.7 billion for PRC over the next three (3) years, 4.5 SEASONALITY Our property development and property investment businesses are not subject to seasonal conditions as there is general continual demand for homes and properties. As for our hospitality and leisure business, the demand conditions are dependent on school and pUblic holidays, major sporting or festive events and tourism campaigns. 4.6 TYPES, SOURCES AND AVAILABILITY OF RESOURCES Our resources include both financial and non-finanCial resources and are set out below:­4.6.1 Financial We are able to source reqUired financing from various sources such as internally generated cash, borrowings from financial institutions and/or from the capital markets. 4.6.2 Non-financial We have access to Landbank of approximately 10,000 acres. However, we constantly seek to acquire strategic Landbank both locally as well as overseas. We maintain a list of experienced consultants and contractors with good track records given their importance to our Group. 4. INFORMATION ON OUR GROUP (Cont’d) 4.7 APPROVALS, MAJOR LICENCES AND PERMITS OBTAINED Details of the approvals obtained by us for our Listing from the SC and Bursa Securities. together with the conditions imposed by these authorities and the status of compliance are set out in Section 7.1 of this Prospectus. Other approvals, major licences and permits obtained by our Group for the operation of business, other than those pertaining to general business registration requirements are as follows:­.. .. .. .’Date,of issuance or “co’mmencement I Status of Licensee Licence I expiry “, Authority” Major Conditions Imposed corn.plianceDescription of approval/licence’ permi.tJregistration Reference No. No condition is attached Not applicable Development Flora Housing Development Licence for the development of 280 7794-38/10­26.10.2009/ Ministry of Urban 25.10.2014 Wellbeing, constructed on a piece of land held under Lot 356, Mukim
units of 18-storey (hi9h cost) condominium to be 2014/1063 Housing and and Daerah Petaling, Negeri Selangor known as “Bandar
Local Government Puteri”
To be com plied units of apartmenVcondominium to be constructed on the Pemaju perumahan dikehendaki 7794-40/06­2.8.2013/10.6.2015 Ministry of Urban Housing Development Licence for the development of 120 Wellbeing, untuk mengemukakan satusalinan· lands held under Lot Nos. PT 54849, PT 65772 arid PT 2015/0169(L) ‘Garis panduan Bagi Pembeli 65337, Pekan Puchong, Daerah Petaling,Negeri Selangor Housing and Local Government Rumah’ kepada setiap pembeli known as “Puteri Hills Condominium” sebelum menandatangani perjanjian. To be complied units of apartmenVcondominium to be constructed on the 1. Approved advertisement 2.8.2013/10.6.2015 Ministry of Urban 7794-40/06­Advertisement and Sale Pennit for the development of 120 brochures, ne’NSpaper, internet lands held under Lot Nos. PT 54849. PT 65772. PT 65337, Wellbeing,2015/0169(P) and bunting Pekan Puchong, Daerah Petaling, Negeri Selangor known
Housing and Local Government 2, Pemaju perumahan dikehendaki as “Puter! Hills Condominiums” untuk mengemukakan satusalinan ‘Garis panduan Bagi Pem beli Rumah’ kepada setiap pembeli sebelum menandatangani perjanjian. To be complied units of town houses to be constructed on the lands held Pemaju perumahan dikehendaki 13.9.2013/12.9.2015 Ministry of UrbanHousing Development Licence for the development of 120 7794-41/09­untuk mengemukakan satusalinan under Lot Nos. PT 54849. PT 65772, PT 65337, Pekan Wellbeing,2015/0586(L) ‘Garis panduan Bagi Pembeli Puchong, Daerah Petaling, Negeri Selangor known as Housing and Rumah’ kepada setiap pembeli “Puteri Hills Duplex Villa” Local Government sebelum menandatangani perjanjian. To be complied units of town houses to be constructed on the lands held 1. Approved advertisement: 7794-41/09­13.9.2013/12.9.2015 Ministry of Urban Advertisement and Sale Permit for the development of 120 Wellbeing, brochures, newspaper, internet under Lot Nos. PT 54849, PT 65772. PT 65337. Pekan 2015/0586(P) Housing and and bunting. Puchong, Daerah Petaling, Negeri Selangor known as
Local Government 2. Pemaju perumahan dikehendaki “Puteri’ Hills Duplex Villa” untuk mengemukakan satusalinan ‘Garis panduan Bagi Pembeli Rumah’ kepada setiap pembeli sebelum menandatangani perjanjian. J 72
4. INFORMATION ON OUR GROUP (Cont’d) Licensee  Description of approval I licence.J permiOregistration  …. . …. L’ i···Icence’f <‘Reference’ No.  I ‘Da~~of is,suanCEtO~ coillmefjcementI … expiry  Authority  . Major Conditions Imposed  Status of compliance  Nice Skyline  Housing Development Licence for the development of 76 U1’:Jits of 2-storey 5emf~detached (high cost) houses to be constructed On a piece of land held under lot PTO 5748, Mukim Sungai Segamat, Daerah Segamat, Negeri Johor known as “Bandar Putra Segamat” Housing Development Licence for the development of 94  6552-25/06­2015/839  27.6.2012 1 26.6.2015 11.10.20111  Ministry of Urban Wellbeing, Housing and Local Govemment  No condition is attached  Not applicable  6552-24/10­ Ministry of Urban  No condition is attached  Not applicable  units of 1Rstorey terrace (high cost) house to be  2014/1203  10.10.2014  Wellbeing,  constructed on a piece of land held under Lot pro 5748,  Housing and  Mukim Sungai Segamat, Daerah Segamat, Negeri Johor  Local Govemment  known as “Bandar Putra Segamat” Housing Development Licence for the development of 127  27.6.2013126.6.2014 6552-22/06­ Ministry of Urban  Pemaju perumahan dikehendaki  To be complied  units of terrace house to be constructed on the lands held  2014/0478(L)  Wellbeing,  untuk mengemukakan satusalinan  under Lot Nos. PTD 11788-11814 and 11817-11916.  Housing and  ‘Galis panduan Bagi Pembeli  Mukim Sungai Segamat, Daerah Segamat, Negeri Johor  Local Govemment  Rumah’ kepada setiap pembeli  known as “Bandar Putra Segamat”  sebelum menandatangani  Advertisement and Sale Permit for the development of 127  27.6.2013/26.6.2014  perjanjian.  6552-22/06­ Ministry of Urban  1. Approved advertisement:  To be complied  units of terrace house to be constructed on lands held under Lot Nos. PTD 11788-11814 and 11817-11916. Mukim Sungai Segamat, Daerah Segamat, Negeri Johor known as “Bandar Putra Segamat” Housing Development Licence for the development of 75  2014/0478(P)  17.2.2011 1 16.2.2014  Wellbeing, Housing and Local Government  brochures and newspaper. 2. Pemaju perumahan dikehendaki untuk mengemukakan satusalinan ‘Garis panduan Bag! Pembeli Rumah’ kepada setiap pembeli sebelum menandatangani perjanjian.  6552-22/02­ Ministry of Urban  No condition is attached  Not applicable  units of 2-storey terrace (high cost) houses and 52 units of  2014/188  Wellbeing,  1-storey terrace (high cost) houses to be constructed on  Housing and  the lands held under Lot PTD 11788-11814. 11817-11916.  Local Government  Mukim Sungai Segamat, Daerah Segamat, Negeri Johor  known as “Bandar Putra Segamat” Housing Development Licence for the development of 47  19.5.2011/18.5.2014 6552-23/05­ Ministry of Urban  No condition is attached  Not applicable  units of 2-storey terrace (high cost) houses and 117 units  2014/632  Wellbeing,  of 1Rstorey terrace (high cost) houses to be constructed on  Housing and  the lands held under Lot PTD 21871-21987 and 21988­ Local Govemment  22034, Lot 11740-11787, Mukim Sungai Segamat. Daerah  Segamat, Negeri Johor known as “Bandar Putra Segamat”
73 4. INFORMATION ON OUR GROUP (Cont’d) Licensee  Descripti,on of approval/licence I pefmit {registration Housing Development Licence for the development of 164 units terrace houses to be constructed on the lands held under Lot Nos. PTD21871-21987 and PTD 21988-22034. Mukim Sungai 5e9amat, Daerah 5e9amat, Negeri Jahar known as “Bandar Putra 5egamat” Advertisement and Sale Permit for the development of 164 units of terrace houses to be constructed on the lands held under Lot Nos. PTD21871-21987 and PTD 21988-22034 Mukim Sungai Segamat, Daerah Segamat Negeri Johor known as “Bandar Putra Segamat” Housing Development Licence for the development of 76 units of semi-detached houses to be constructed on the lands held under Lot Nos. PTD 21788-21799, PTD 21802­21825 and ?TD 21828-21867, Mukim Sungai Segamat, Daerah Segamat, Negeri Johor known as “Bandar Putra Segamat” Advertisement and Sale Permit for the development of 76 units of 2-storey semi-detached houses to be constructed on the lands held under lot Nos. PTD 21788-21799, ?TD 21802-21825 and PTD 21828-21867, Mukim Sungai Segamat, Daerah Segamat, Negeri Johor known as “Bandar Putra Segamat”  Licence’ f’ Reference,No~ 6552-23/07­2014/0485(L) 6552-23/07­2014/0485(P) 6552-25/09­2014/0789(L) 6552-25/09­2014/0789(P)  D,ateof issuance or commencement’l <expiry 19.72013/18.7.2014 19.7.2013/18.7.2014 3.9.2013/ 2.9.2014 3.9.2013/ 2.9.2014  . Auth9rity Ministry of Urban Wellbeing, Housing and Local Government Ministry of Urban Wellbeing, Housing and Local Government Ministry of Urban Wellbeing, Housing and Local Government Ministry of Urban Wellbeing, Housing and Local Government  Major Conditions Imposed Pemaju perumahan dikehendaki untuk mengemukakan satus8finan ‘Garis panduan 8agl Pembeli Rumah’ kepada setiap pembeli sebelum menandatangani pe~anjian. 1. Approved advertisement: brochures and newspaper. 2. Pemaju perumahan dikehendaki untuk mengemukakan satusalinan ‘Garis panduan Bagi Pembeli Rumah’ kepada setiap pembeli sebelum menandatangani perjanjian. Pemaju perumahan dikehendaki untuk mengemukakan satusafinan ‘Garis panduan Bagi Pembeli Rumah’ kepada setiap pembeli sebelum menandatangani perjanjian. 1. Approved advertisement: brochures and newspaper. 2. Pemaju perumahan dikehendaki untuk mengemukakan satusalinan ‘Garis panduan Bagi Pembeli Rumah’ kepada setiap pembeli sebelum menandatangani pe~anjian.  ~-­Status of compliance To be com plied , -­To be complied To be com plied To be com plied  Pilihan Megah  Housing Development Licence for the development of 640 units of 25-storey (high cost) condominium to be conslructed on a piece of land held under Lot 1908, Bandar Puchong Jaya, Daerah Petaling, Negeri Selangor known as “Skypod” Housing Development Licence for the development of 1041 units of 33v storey (high cost) condominium to be constructed on a piece of land held under Lot 55gO & 5591, Bandar Kinrara, Daerah Petaling, Negeri Selangor knovm as “The Skyz Residences”  5579-24/05­2017/607 5579-25/12­2017/1706  10.5.2012/9.5.2017 14.12.2012/ 13.12.2017  I  Ministry of Urban Wellbeing, Housing and Local Government Ministry of Urban Wellbeing, Housing and Local Government  No condition is attached No condition is attached  Not applicable Not applicable
74
4. INFORMATION ON OUR GROUP (Cont’d) licensee  .f . , Description ofapproval/li,cence I perJ1li~:/~e~;,~t~~ii~n  . . iH:::Y:;];’;·iO~t~?(){rs·s,~.~nce··o’rLicence1″,;!ji~!i;;;i;~n;;::’co:~iri~~qE!men~’1 Reference;i~,~;i,,’:i\::/;’:’)\:~~p:i~y ”  1···::,,,1 .•.. ,.:.<: <“i ; ….. .’  Major Conditions Imposed  ,Statu!tP:fL,,,, ‘ com’plian~e, ‘  Housing Development Licence for the development of 640 units of a service apartment to be constructed on a piece of land held under Lot No. PT 1908, Presint 1, Daerah Putrajaya, Negeri Wilayah Persekutuan Putrajaya known as “Skypod Residences”  5579-24/05­2014/0202 (L)  20.5.2013/19.5.2014  Ministry of Urban Wellbeing, Housing and Local Government  Pemaju perumahan dikehendaki mengemukakan satu salinan ‘Garis panduan Bagi Pembeli Rumah’ kepada setiap pembeli sebelum menandatangani perjanjian,  To be complied  Advertisement and Sale Permit for the development of 640 units of a service apartment to be constructed on a piece of land held under Lot No. PT 1908, Presint 1, Daerah Putrajaya, Negeri Wilayah Persekutuan Putrajaya known as “Skypod Residences”  5579-24/05­2014/0202 (P)  20.5.2013/19.5.2014  Ministry of Urban Wellbeing, Housing and Local Government  1. Approved advertisement brochures, newspaper and sign board 2. “Pemaju perumahan dikehendaki mengemukakan saW salinan ‘Garis panduan Bagi Pembeli Rumah’ kepada setiap pembeH sebelum menandatangani perjanjian”  To be complied  Nice Frontier  Housing Development Licence for the development of 159 units of 2~storey terrace (high cost) houses to be constructed on the lands held under Lot PTD 100212~ 100316 and PTD 100134~100187, Mukim Senai~Kulai, Daerah Johor Bahru. Negeri Johor Housing Development Licence for the development of 129 units of 1~storey terrace house (hi9h cost) to be constructed on the lands held under Lot PTD 99696­99824, Mukim Senai~Kulai, Daerah Johor Bahru, Negen Johor known as “Bandar Putra Parcel 4”  7147-52/08­2014/979 7147-51/08­2014/971  15.8.2011/14.8.2014 12.8.2011/11.8.2014  Ministry of Urban Wellbeing, Housing and Local Government Ministry of Urban Wellbeing, Housing and Local Government  No condition is attached No condition is attached  Not applicable Not applicable  Housing Development Licence for the development of 150 units of 1~storey terrace (high cost) houses to be constructed on the lands held under Lot PTD 78514~ 78303, Mukim Senai~Kulai, Daerah Johor Bahru, Negeri Johor  7147-53/11­2014/1361  14.11.2011/ 13.11.2014  Ministry of Urban Wellbeing, Housing and Local Government  No condition is attached  Not applicable  Housing Development Licence for the development of 126 units of 1-storey terrace (high cost) houses to be constructed on the lands held under Lot PTD 102439­102540 and PTD 102545-102568. Mukim Senai-Kulai, Daerah Johor Bahru, Negeri Johor known as “Bandar Putra Kulai'”  7147-55/03­2015/336  16.3.2012/15.3.2015  Ministry of Urban Wellbeing, Housing and Local Government  No condition is attached  Not applicable  Housing Development Licence for the development of 22 units of 2-storey terrace (high cost) houses to be constructed on the lands held under Lot PTD 79576­79597, Mukim Senai-Kulai. Daerah Johor Bahru, Negeri Johor  7147-56/12­2015/1761  26.12.2012/ 25.12.2015  Ministry of Urban Wellbeing, Housing and Local Government  No condition is attached  Not applicable
75
4. INFORMATION ON OUR GROUP (Cont’d) ” , Licensee  ..,  ‘” …. . “uce’nc~:’;;;’i: Description of approval Jlicence'(Rermitlregistratlon ::, “Reference No. Housing Development Licence for the development of 285 7147-57/09­units of terrace house to be constructed on a piece of land 2015/0615(L) held under Lot 40893A, Mukim Senal-Kulai, Daerah Johor Bahru, Negeri Johor  D~t~::(),fis,s~a~c’e!9r,;; comm,encement I ‘ii”expiry:. 21.9.2013/20.9.2015  Advertisement and Sale Permit for the development of 285 units of terrace house to be constructed on a piece of land held under Lot 40893A, Mukim Senai-Kulai, Daerah Johor Bahru, Negeri Johor  7147-57/09­2015/0615(P)  21.9.2013/ 20.9.2015  Housing Development Licence for the development of 203 units of terrace house to be constructed on a piece of land held under Lot 40B93A, Mukim Senai-Kulai, Daerah Johor Bahru, Negeri Johor  7147-61/10­2015/0722(L)  18.10.2013/ 17.10.2015  Advertisement and Sale Permit for the development of 203 units of terrace house to be constructed on a piece of land held under Lot 40893A, Mukim Senai-Kulai, Daerah Johor Bahru, Negeri Johor  7147-61/10­2015/0722(P)  18.10.2013/ 17.10.2015  .  Housing Development Licence for the development of 51 units of terrace house to be constructed on a piece of [and held under Lot 40893A, Mukim Senai-Kulai, Daerah Johor Bahru, Negeri Johor  7147-58/10­2015/0738(L)  19.10.2013/ 18.10.2015
I” . Authority Ministry of Urban Wellbeing, Housing and Local Government Ministry of Urban Wellbeing, Housing and Local Government Ministry of Urban Wellbeing, Housing and Local Government Ministry of Urban Wellbeing, Housing and Local Government Ministry of Urban Wellbeing, Housing and Local Government .”.”2:1′,.’, Status of’ .. ‘ …. complianceMajor Conditions Imposed T a be com plied mengemukakan satu salinan ‘Garis panduan Bagi Pembeli Rumah’ kepada setiap pembeli sebelum menandatangani perjanjian. Pemaju perumahan dikehendaki To be complied brochures and ne’NSpaper. 1. Approved advertisement:
2. Pemaju perumahan dikehendaki mengemukakan satu salinan ‘Garis panduan Bagi Pembeli Rumah’ kepada setiap pembeli , sebelum menandatangani perjanjian

 

Pemaju perumahan dikehendaki To be complied mengemukakan satu salinan ‘Garis panduan Bagi Pembeli Rumah’ kepada setiap pembeli sebelum menandatangani perjanjian. To be complied brochures and ne’NSpaper. 1. Approved advertisement
2. Pemaju perumahan dikehendaki mengemukakan satu salinan ‘Garis panduan Bagi Pembeli Rumah’ kepada setiap pembeli sebelum menandatangani perjanjlan.

 

To be complied mengemukakan satu salinan ‘Garis panduan Bagi Pembeli Rumah’ kepada setiap pembeli sebeJum menandatangani Pemaju perumahan dikehendaki pe~anjian. 76
4. INFORMATION ON OUR GROUP (Cont’d)
Date ‘of issuance or  —,
Licence I  ,I, commencement I  Status of  Licensee Description of approval/licence (permit Jregistration  Reference No:  … expiry 19.10.2013/ 18.10.2015 24.10.2013/ 23.10.2015  Authority  Maior Conditions Imposed  compliance  Advertisement and Sale Permit for the development of 51 units of terrace house to be constructed an a piece of land held under Lot 40893A. Mukim Senai-Kulai, Oaerah Jahar Bahru, Negeri Jahar I ~”‘”” -‘-“”‘-“fu, ~ “-‘-~ • “units of terrace house to be constructed on a piece of land  7147-58/10­2015/0738(P) 7147-59/10­2015/0763(L)  Ministry of Urban Wellbeing, Housing and Local Government  1. Approved advertisement: brochures and newspaper. 2. Pemaju perumahan dikehendakf mengemukakan satu salinan ‘Garis panduan Bagi Pembeli Rumah’ kepada setiap pembeli sebelum menandatangani perjanjian.  To be complied  Ministry of Urban Wellbeing,  Pemaju perumahan dikehendaki mengemukakan satu salinan  To be complied  held under Lot 40893A, Mukim Senai~Kulai, Daerah Johor  Housing and  ‘Garis panduan Bagi Pembeli  Bahru, Negeri Johor  Local Government  Rumah’ kepada setiap pembeli
sebelum menandatangani  Advertisement and Sale Permit for the development of 26  24.10.2013/  perjanjian.  7147-59/10­ Ministry of Urban  1. Approved advertisement:  To be complied  units of terrace house to be constructed on a piece of land held under Lot 40893A, Mukim Senai-Kulai, Daerah Johor Bahru, Negeri Johor Housing Development Licence for the development of 250  2015/0763(P)  23.10.2015 12.10.2013/  Wellbeing, Housing and Local Government  brochures and newspaper. 2. Pemaju perumahan dikehendaki mengemukakan satu salinan ‘Garis panduan Bagi Pembeli Rumah’ kepada setiap pembeli sebelum menandatangani perjanjian.  7147-60/10­ Ministry of Urban  Pemaju perumahan dikehendaki  To be complied  units of service apartment to be constructed on a piece of  2015/0711(L)  11.10.2015  Wellbeing,  mengemukakan satu salinan  land held under Lot 99023, Mukim Senai~Kulai, Daerah  Housing and  ‘Garis panduan Bagi Pembeli  Johor Bahru, Negeri Johor  Local Governm ent  Rumah’ kepada setiap pembeli
sebelum menandatangani  Advertisement and Sale Permit for the development of 250  12.10.2013/  perjanjian.  7147-60/10­ Ministry of Urban  1. Approved advertisement:  To be complied  units of service apartment to be constructed on a piece of land held under Lot 99023, Mukim Senai~Kulai, Daerah Johor Bahru, Negeri Johor  2015/0711(P)  11.10.2015  Wellbeing, Housing and Local Government  brochures and newspaper. 2. Pemaju perumahan dikehendaki mengemukakan satu salinan ‘Garis panduan Bagi PembeJi Rumah’ kepada setiap pembeli sebelum menandatangani perjanjian.
77 4. INFORMATION ON OUR GROUP (Cont’d) …  Date of issuance or  I  Licensee  ..  Description of approval I Ucence Jpermit Iregistration  Licence /: ..•• Reference No.  commencement I ex.piry  Property Village  Housing Development Licence for the development of 16 units of 2 Y2-storey semi-detached (high cost) houses, 24 units of 2~storey semi-detached (high cost) houses to be constructed on the lands held under Lot PTD 44727­44742, 44747-44748 and PIO 44751-44772 (part of Lot 5418), Mukfm Senai-Kulai, Daerah Johor Bahru, Negeri Johor known as “Bandar Putra Fasa 1 Zan 4801″  6089-12/11­2014/1424  23.11.20111 22.11.2014  Housing Development Licence for the development of 106 units of 2-storey terrace (hi9h cost) houses to be constructed on the lands held under Lot PTD 92594­ 6089-18/01­2014/112  25.1.2011/24.1.2014  92625, 92566, Johor  92505-92527, 92490-92501 and PIO 92528­Mukim Senai-Kulai, Daerah Johor Bahru, Negeri  Housing Development Licence for the development of 24 units of 2-storey (high cost) houses to be constructed on the lands held under Lot 5418 (PIO 94747-94767, 94846­94848), Mukim Senai-Kulai, Daerah Johor Bahru, Negeri Johor  6089-20/11­2014/1425  16.11.20111 15.11.2014  Housing Development Licence for the development of 40 units of 2-storey semi-detached (high cost) houses to be constructed on the lands held under Lot PTD 94792-94823  6089-19/12­2014/1630  30.12.2011/ 29.12.2014  and PTD 94826-94833, Mukim Senai-Kulai, Daerah Johor Bahru, Negeri Johor  Housing Development Licence for the development of 86 units of 2-storey semi-detached (high cost) houses to be constructed on the lands held under Lot PTD 74467­ 6089-21103­2015/339  16.3.2012/15.3.2015  74474, 74479, 74501-74505, 74507-74521, 74523-74544, Lot 55373-55382. 55392-55394, 55512-55521, 55731­55732 and PTD 87548-87557, Mukim Senai-Kulai, Daerah Johor 8ahru, Negeri Johor  Housing Development Licence for the development of 220 units of cluster house and 10 units of semi-detached house to be constructed on the land held under Lot 5418, Mukim Senai-Kulai, Daerah Johor Bahru and Negeri Johor  6089-22/09­2015/0614(L)  21.9.2013/20.9.2015
. Authority Ministry of Urban Wellbeing, Housing and Local Governm ent Ministry of Urban Wellbeing, Housing and Local Government Ministry of Urban Wellbeing, Housing and Local Government Ministry of Urban Wellbeing, Housing and Local Government Ministry of Urban Wellbeing, Housing and Local Government Ministry of Urban WeJlbeing, Housing and Local Government Status’of  Major Conditions Imposed  compliance  No condition is attached  Not applicable  No condition is attached  Not applicable  No condition is attached  Not applicable  No condition is attached  Not applicable  No condition is attached  Not applicable  Pemaju perumahan dikehendaki  To be com plied  mengemukakan satu salinan  ‘Garis panduan Bagi Pembeli  Rumah’ kepada setiap pembeli  sebelum menandatangani  perjanjian,
78 4. INFORMATION ON OUR GROUP (Cont’d) . :,,!,Date of issuance or ‘:’,’ I .'” “‘v<;;>’Licenc;ef Statuspf ‘<“;:;:,,;’ c9m::~~~~~,ritI,’ ‘;licensee Description 0; ~ppr~val llicence I permif1r~gi~t~’~tiP!1, ‘Reference N~.< ;’::,Auth~Jity~:· . Major Conditions’lmposed compliance. Advertisement and Sale Permit for the development of 220 6089-22109­21.9.2013120.9.2015 Ministry of Urban 1. Approved advertisement: To be complied units of cluster house and 10 units of semi-detached house 201510614 (P) brochures and newspaper. to be constructed on the land held under Lot 5418. Mukim Wellbeing, Housing and 2. Pemaju perumahan dikehendaki Senai-Kulai, Daerah Johor Bahru and Negeri Johor Local Government mengemukakan satu salinan ‘Garis panduan Bagi Pembeli Rumah’ kepada setiap pembeli sebelum menandatangani perjanjian. Wealthy Housing Development Licence for the development of 82 16,3.2011 115.3.2014 No condition is attached Not applicable Growth 10713-3103­Ministry of Urban units of 2-storey semi-detached (high cost) houses and 1 Wellbeing, unit of individual (hi9h cost) 2-storey house to be
20141313 Housing and constructed on a piece of land held under Lot 1017-1024,
Local Governm ent 2390-2401. 2405-2412. 2420-2424, 2428-2434, 2793­2797, 2928. 2959-2968. 2971-2981, 2983 and 3820,
Bandar Johor Bahru, Daerah Johor Bahru. Negeri Johor Not applicable units of 2-storey terrace (high cost) houses to be No condition is attached16,3.2012 I Ministry of UrbanHousing Development Licence for the development of 71 10713-4103­20151337 15.3.2015 Wellbeing, constructed on the lands held under Lot 149976-149997,
Housing and 150022-150051 and 150076-150094, Mukim Tebrau,
Local Government Daerah Johor Bahru, Negeri Johor
Not applicable units of 2-storey terrace (hi9h cost) houses to be 14,9.2012 I 13,9,2015 Ministry of Urban No condition is attachedHousing Development Licence for the development of 92 10713-5109­Wellbeing, constructed on the lands held under Lot 140325-140344
201511245 Housing and and 140357-140428, Mukim Tebrau, Daerah Johor Bahru,
Local Governm ent Negeri Johor
Not applicable units of 35-storey (high cost) serviced apartment to be No condition is attachedHousing Development Licence for the development of 849 16.1.2013115.1.2018 Ministry of Urban10713-6101­2018180 Wellbeing, constructed on a piece of land held under Lot 153328,
Housing and Mukim Tebrau, Daerah Johor Bahru, Negeri Johor
Local Government To be complied unit of 2-storey (high cost) house and 79 units of 2-storey Advertisement and Sale Permit for the development of 1 31.3.20131 Approved advertisement:10713­Ministry of Urban 3139412014(03 Wellbeing, brochures and newspaper. (high cost) semi-detached houses to be constructed on a 15.3.2014 Housing and piece of land held under Lot 1017-1024, 2390-2401, 2405­) Local Governm ent 2412. 2420-2424, 2428-2434. 2793-2797. 2928. 2959­2968. 2971-2981, 2983 and 3820, Bandar Johor Bahru,
Daerah Johor Bahru, Negeri Johor Not applicable units of 35-storey (high cost) serviced apartment to be Housing Development Licence for the development of 941 10713-7104­No condition is attached16.4.2013 I Ministry of Urban 20181503 15.4.2018 Wellbeing, constructed on a piece of land held under Lot 153328,
Housing and Mukim Tebrau, Daerah Johor Bahru, Negeri Johor
Local Govemment 79
4. INFORMATION ON OUR GROUP (Cont’d) Date of issuance or  licensee  , Description of approval/licence I permit/registration’  licenCE! 1 “commencemertl Reference No. expiry  , Authority  Major Conditions Imposed  Status of compliance  Housing Development Licence for the development of 782 units of 35-storey (high cost) serviced apartment to be constructed on a piece of land held under Lot 143003/153328, Mukim Tebrau, Daerah Jahar Bahru, Negeri Jahar  10713-9/04­2018/504  16.4.2013 f 15.4.2018  Ministry of Urban Wellbeing, Housing and Local Government  No condition is attached  Not applicable  Housing Development Licence for the development of 569 units of 35~storey (high cost) serviced aparbnent to be constructed on a piece of land held under Lot 143003/153328, Mukim Tebrau, Daerah Johor Bahru, Negeri Johor  10713-8/04­2018/505  16.4.2013/ 15.4.2018  Ministry of Urban Wellbeing, Housing and Local Govemment  No condition is attached  Not applicable  Legend Advance  Housing Development Licence for the development of 48 units of 1-storey (high cost) cluster home to be constructed on the lands held under Lot 105330-105377, Mukim Senai-Kulai, Daerah Johor Bahru, Negeri Johor Housing Development Licence for the development of 52 units of 1~storey terrace (high cost) houses to be constructed on the lands held under Lot PTO 105222­105247 and PTD 10286-105311, Mukim Senai~Kulai. Daerah Johor Bahru, Negeri Johor  9922-14/04­2014/520 9922-15/07­2014/873  26.4.2011 125.4.2014 Ministry of Urban No condition is attached Not applicable Wellbeing, Housing and Local Government ~+-==-=’-‘==+:—–::C—-:-~—‘—+:-:-C–~-:–l 15,7.2011 114.7.2014 Ministry of Urban No condition is attached Not applicable Wellbeing, Housing and Local Government  Housing Development Licence for the development of 76 units of 2-storey terrace (high cost) houses to be constructed on the lands held under Lot PTD 105202­105221,105248-105285 and PTD 105312-105329, Mukim Kulai, Daerah Kulai Jaya, Negeri Johor  9922-16/02­2015/196  20.2.2012/19.2.2015  Ministry of Urban Wellbeing, Housing and Local Government  No condition is attached  Not applicable  Housing Development Licence for the development of 36 units of 2~storey semi-detached (high cost) houses to be constructed on the lands held under Lot 96228-96235, 96252-96267 and 96282~96293, Mukim Senai~Kulai,  9922-17/03­2015/358  21.3.2012/20.3.2015  Ministry of Urban Wellbeing, Housing and Local Government  No condition is attached  Not applicable  Daerah Johor Bahru, Negeri Johor  Trilink Pyramid  Housing Development Licence for the development of 704 units of (high cost) 29-storey condominium to be constructed on a piece of land held under Lot 32666, Mukim Johor Bahru, Daerah Johor Bahru, Negeri Johor  12004-1/04­2017/528  25.4.2012/24.4.2017  Ministry of Urban Wellbeing, Housing and Local Government  No condition is attached  Not applicable  Lush Development  Housing Development Licence for the development of 72 units of 3 % -storey (high cost) town houses and 374 units of 3~storey town houses to be constructed on a piece of land held under Lot 12514, Mukim Dengkil, Daerah Sepang, Negeri Selangor known as “16 Sierra”  111 00~3/02­2015/129  3.2.2010/2.2.2015  Ministry of Urban Wellbeing, Housing and Local Government  No condition is attached  Not applicable ~
80 4. INFORMATION ON OUR GROUP (Cont’d) Licensee  Description of approval/licence I permit Iregistration ,  ,LicenceJ :i’:,::: pate of issuance or : : commencement f Refe’rence, N~T: :’ .,. expiry’  Housing Development Licence for the development of 8 units of 2 Y2 -storey (high cost) houses, 20 units of 2 Y2 -storey semi-detached (high cost) houses, 1 unit of 3­storey(high cost) house, 6 units of 3-storey semi-detached (high cost) houses, and 228 units of 2-storey terrace (high cost) houses to be constructed on the lands held under Lot 44147-44153. 44155-44156. 44158-44172 and 44174­44412, Mukim Oengkil, Daerah Sepang, Negeri Selangor known as “16 Sierra”  11100-4/03­2014/304  14.3.2011 113.3.2014  Housing Development Licence for the development of 54 units of 2 X -storey semi-detached (high cost) houses and 68 units of 2~storey semi~detached (high cost) houses to be constructed on a piece of land held under Lot 45041­45162, Mukim Dengkil, Daerah Sepang, Negeri Selangor known as “16 Sierra”  11100-5/10­2015/1430  23.10.2012 1 22.10.2015  Housing Development Licence for the development of 122 units of semi-detached house to be constructed on the lands held under Lot 45041-45162, Mukim Oengkil, Daerah Sepang, Negeri Selangor known as “16 Sierra”  11100-5/11­2014/01270(L)  4.11.2013/ 3.11.2014  Advertisement and Sale Permit for the development of 122 units of semi-detached house to be constructed on the lands held under Lot 45041-45162, Mukim Dengkil, Daerah Sepang, Negeri Selangor known as “16 Sierra”  11100-5/11­2014/01270(P )  4.11.20131 3.11.2014  Housing Development License for the development of 526 units of apartment/condominium to be constructed on a piece of land held under Lot 44831, Mukim Dengkil, Oaerah Sepang, Negeri Selangor  11100-6/05­2015/44(L)  8.5.2013/7.5.2015
I ” Authority Ministry of Urban Wellbeing, Housing and Local Government Ministry of Urban Wellbeing, Housing and Local Government Ministry of Urban Wellbeing, Housing and Local Government Ministry of Urban Wellbeing, Housing and Local Government Ministry of Urban Wellbeing, Housing and Local Government Status of  Major Conditions ,Imposed  compliance  No condition is attached  Not applicable  No condition is attached  Not applicable  Pemaju perumahan dikehendaki  To be complied  untuk mengemukakan satu salinan  ‘Garis panduan Bagi Pembeli  Rumah’ kepada setiap pembeli  sebelum menandatangani  perjanjian,  1. Approved advertisement:  To be complied  brochures and newspaper,  2, Pemaju perumahan dikehendaki  mengemukakan satu salinan  ‘Garis panduan Bagi Pembeli  Rumah’ kepada setiap pembeli  sebelum menandatangani  perjanjian.  “Pemaju perumahan dikehendaki  To be complied  untuk mengemukakan satu salinan  ‘Garis panduan Bagi Pembeli  Rumah’ kepada setiap pembeli  sebelum menandatangani  perjanjian”
81 4. INFORMATION ON OUR GROUP (Cont’d) Licensee  ‘. , Description of approval/licence’. pe’rmit /registration Advertisement and Sale Petmit for the development of 526 units of apartment/condominium to be constructed on a piece of land held under Lot 44831, Mukim Dengkil, Daerah Sepang, Negeri Selangor  Date”of issuance or Licence I’., commencement I Reference No’,’ “. :expiry .” 11100-06/05­8.5.2013/7.5.2015 2015/44(P)  Dynamic Management  Housing Development Licence for the development of 280 units of condominium to be constructed on a piece of land held under Lot 7026, Pekan Puchong, Daerah Petaling, Negeri Selangor Advertisement and Sale Permit for the development of 280 units of condominium to be constructed on a piece of land held under Lot 7026, Pekan Puchong, Daerah Petaling, Negeri Selangor  4492-4/06­2015/0263(L) 4492-4/06­2015/0263(P)  27.6.2013/26.6.2015 27.6.2013/26.6.2015  Baycrest Paksi Teguh Flora Horizon Property Skyline  Registration Certificate as contractor under Grade 7: Class B (Building Construction) and Class CE (CiVil Engineering) Registration Certificate as contractor under Grade 7: Class B (BUilding Construction) and Class CE (Civil Engineering) Licence for selling and distributing fresh fruit bunches. License for selling and distributing fresh fruit bunches  Registration No. 1981008­SL048961 Licence No. 058080A Registration No. 1970712­SL039969 Licence No. A253545 Licence No. 509491­002000 Licence No. 50247090200 0  18.9.2013/ 17.9.2016 4.1.2012/3.1.2015 1.1.2013/31.12.2013 1.1.2013/31.12.2013
.. ‘. .’ • Authority Ministry of Urban Wellbeing, Housing and Local Government Ministry of Urban Wellbeing, Housing and Local Government Ministry of Urban Wellbeing, Housing and Local Government Construction Industry Development Board Malaysia Construction Industry Development Board Malaysia Malaysian Palm Oil Board Malaysian Palm Oil Board Status of  Major Conditions Imposed  compliance  1. Approved advertisement:  To be complied  brochures and newspaper  2. “Pemaju perumahan  dikehendaki untuk mengemukakan  satu salinan ‘Garis panduan Bagi  Pembeli Rumah’ kepada setiap  pembeli sebelum menandatangani  perjanjian”  “Pemaju perumahan dikehendaki  To be complied  untuk mengemukakan satu salinan  ‘Garis panduan Bagi Pembeli  Rumah’ kepada setiap pembeli  sebelum menandatangani  perjanjian”  1. Approved advertisement:  To be complied  brochures, newspaper, internet  and bunting.  2. Pemaju perumahan dikehendaki  untuk mengemukakan satusalinan  ‘Garis panduan Bagi Pembeli  Rumah’ kepada setiap pembeli  sebelum menandatangani  pe~anjian.  No condition is attached  Not applicable  No condition is attached  Not applicable  No condition is attached  Not applicable  No condition is attached  Not applicable
82
4. INFORMATION ON OUR GROUP (Cont’d) Licensee Mergui Development Pinnacle (Senlasa) Clementi Development 101 (Xiamen) Properties F.. •….··· .•.•·\,,’.,i. ‘Description of approyal /.Iir;:t:!nce-“~:,pe:rmit~”””~;;~’H’~;:~;’,. License to undertake housing development in Singapore in relation to 250 units of condominiums on Lots 1135T, 1589L, 1596V, 1597P, 1651C, 1696C, 1697M, 2621L, 2624W, 2672W, 2673V and 2675T TS 18 at Mergui Road Pursuant to 5ubection (4) of Section 4 of the Housing Developers (Control & Licensing) Act, licence to undertake housing development in the Republic of Singapore of 302 units of condominium on Lot(s) 2064C MK 34 at Cove Way. No option shall be granted and no agreement for the sale of houseslflats shall be entered into until bUilding plans have been approved by the Commissioner of Building Control and subject to the planning permission and building plan approval not being invalidated by the Competent Authority or the Commissioner of Building Control. The housing developer shall not after the redemption of any mortgage pursuant to Rule 11 of the Housing Developers (Project Account) Rules further encumber the [and or the housing unit by way of a mortgage or by any other means and no caveat shall be lodged in respect of the land or the housing unit. License to undertake housing development in Singapore in relation to 755 units of condominium, on Lot(s) 8754K Mk 05 at Jalan Lempeng. Business License, by which 101 (Xiamen) Properties is approved to be registered with Xiamen Administration for Industry and Commerce.
4. INFORMATION ON OUR GROUP (Cont’d) Li!=ehsee  ii’, i’ Descriptio’n of approval} Iicerll:;e ‘t, p~rrt1i~::/,~egi$tration  bate of j’ssuance.or Licen~,e;t> “:<: ‘::(commencement I Reference No.’ »” ‘ ‘ :: :e~piry,  ::A,  ..” l~;ii~”ii  I I:  Major ConditiorisJmposed  . Status of •• com’pliarice  101 (Xiamen) Properties  Certificate of Approval, by which 101 (Xiamen) Properties is approved to be incorporated as a ‘Nholly foreign-owned enterprise.  Shang Wai Zi Xia Wai Zi Zi [20121 No. 0199  28.11.2012/ Nil  The People’s Government of Xiamen Municipal  Business Scope: to develop, construct, operate and provide management service to hotel, shopping mall and commercial residential buildings on the parcel of land (Lot No.: 2012JP01) in Jimei District, Xiamen City.  To be complied  /01 (Xiamen) Properties  Planning Permit for Construction Land  DiZI No.35021120 1311039  5.6.2013 / Nil I’)  Xiamen Municipal Bureau of Planning  The major conditions as set out in this certificate, among others, are: 1. Name of project developed  To be complied  on the land: 2012JP01 Land;  2  Nature of land use:  1  .  commercial, office, hotel and  residential use;  3.  Land area: approximately  1.896.948 sq ft;  4.  Construction area;  approximately 3,965,425 sq  ft  Xiamen Double Prosperous Real Estate Development  Business License, by which Xiamen Double Prosperous Real Estate Development is approved to be registered with Xiamen Administration for Industry and Commerce  35020040003 6764  23.4.2013/3.8.2017  Xiamen Administration for Industry and Commerce  Business Scope: to develop, construct, operate and provide management service to commercial residential buildings on the parcel of land (Lot No.: 2010JP01) in Xiamen City.  To be com plied  Xiamen Double Prosperous Real Estate Development  Certificate of Approval, by which Xiamen Double Prosperous Real Estate Development is approved to be incorporated as a wholly foreign-owned enterprise.  ShangWai Zi Xia Wai ZiZi [20101 No. 0254  17.2.2013/ Nil  the People’s Governm ent of Xiamen Municipal  Business Scope: to develop, construct, operate and provide management service to commercial residential buildings on the parcel of land (Lot No.: 2010JP01) in Xiamen City.  To be com plied  Xiamen Double Prosperous Real Estate Development  Qualification Certificate for Real Estate Development Enterprise, by which Xiamen Double Prosperous Real Estate Development is entitled to engaging in the real estate development business.  FDC35020040 0036764  28.8.2013/27.8.2015  Xiamen Municipal Bureau of Construction and Administration  Grand of Qualification: Grand 4  To be complied
84
4. INFORMATION ON OUR GROUP (Cont’d) Date of issuance or commencement;1 Licensee  Description of approval/licence I, permit Iregistration  Licence I, : Reference ~~.  Xiamen  Construction Land Approval Certificate, by which Xiamen  Ji Mei Qu  Double  Double Prosperous Real Estate Development is approved  [2012J Xia  Prosperous  to use the land as indicated on this certificate to carry out  Guo Zhun Zi  Real Estate  real estate development  No.15  Development  Xiamen Double Prosperous Real Estate Development  Planning Permit for Construction Land  DiZi No.35021120 1111233  Xiamen Double Prosperous Real Estate Development  Planning Permits for Construction Project, pursuant to which the planning for pile foundation project of building 2 is certified to satisfy the project planning requirement.  No. 35021120121 1075  Xiamen  Planning Permits for Construction Project, pursuant to  No.  Double  which the planning for pile foundation project of building 1,  35021120121  Prosperous  3 to 6, and basement are certified to satisfy the project  2116  Real Estate  planning requirement.  Development
.expiry 21.5.2012/ 17.12.2015 2.9.2011 / Nil 8.6.2012/ Nil 20.9.2012/ Nil A.uthority  Major Conditions Imposed  Status of compliance  Xiamen Municipal Bureau of Land Resources and Real Estate Management, Jimei Sub-Bureau  The major conditions as set out in this certificate, among others, are: 1. Name of project developed on the land: 201 OJP01: 2. Approved land area: approximately 333,603 sq ft; 3. Nature of land: state-owned; 4. Type of land use right granted Use of land: residential and commercial use  To be complied  Xiamen Municipal Bureau of Planning  The major conditions as set out in this certificate, among others, are: Name of project developed 1. on the land: 2010JPOl Land; 2. Nature of land use: commercial and residential use; 3. Land area: approximately 333,603 sq ft; Construction area: approximately 893.405 sq It  To be complied  Xiamen Municipal  The major conditions as set out in  To be complied  Bureau of  this certificate, among others, are:  Planning  Name of project developed: pile foundation project of building 2 in 101 Park Bo Bay  Xiamen Municipal  The major condilions as set out in  To be complied  Bureau of  this certificate, among others, are:  Planning  Name of project developed: pile foundation project of building 1, 3 to 6, and basement in 101 Park Bo Bay
85 4. INFORMATION ON OUR GROUP (Cont’d) …. ……..<.
I Licensee ,  “, ce. Description of approval/li’c~’n’~eJperm;’t’JregistratiO~<::’::, I ‘,’ ‘,i’,..:,i,:.,. ,Li,c~n,~.e::( ,::!:Re,Jeren’c;'(LNq;  ::tp’a’t~1·9f issuance, or’ ‘: “::C6~Te~~)~;:~Pt/::: : I’i:”‘:’i~~; .’.  , Major Conditions Imposed  . .’)i’Status of,:> com’plfance ..””‘”‘”””Y  Xiamen Double Prosperous Real Estate Development  Planning Permits for Construction Project, pursuant to which the planning for construction project of building 1 to 6 and basement are certified to satisfy the project planning I requirement.  No. 35021120121 1129  15.11.2012/ Nil  Xiamen Municipal Bureau of Planning  The major conditions as set out in this certificate, among others, are: 1. Name of project developed: construction project of building 1 to 6 and basement in 101 Park Bo Bay; Construction area: approximately 1,126.362 sq ft  To be complied  Xiamen Double Prosperous Real Estate Development I  Construction Permits, pursuant to which the pile foundation project bUilding 2 is certified to satisfy the construction requirement and approved to be carried out.  No. 35021120121 0240101  24.10.2012/ Nil  Construction Bureau of Jimei District, Xiamen Municipal  The major conditions as set out in this certificate, among others, are: 1. Name of project developed: pile foundation project building 2 in 101 Park Bo Bay; 2. Construction period: October 2012 to November 2012  -­To be complied -­ Xiamen Double Prosperous Real Estate Development  Construction Permits, pursuant to which the pile foundation project of building 1, 3 to 6 and basement are certified to satisfy the construction requirement and approved to be carried out.  No. 35021120121 0260101  26.10.2012/ Nil  Construction Bureau of Jimei District, Xiamen Municipal  The major conditions as set out in this certificate, among others, are: 1. Name of project developed: pile foundation project of bUilding 1, 3 to 6 and basement in 101 Park 80 Bay; Construction period: October 2012 to November 2012  To be complied
86
4. INFORMATION ON OUR GROUP (Cont’d) •. >  ;, Date’of,issuance or  Licence I ‘  ” commencement I  Status of  licensee  Description of approval/licence I permit Iregistration  Reference No;::  • ” expiry  Authority  Major Conditions Imposed  compliance  Xiamen Double Prosperous Real Estate Development  Construction Permits, pursuant to which the construction project of building 2, 3, 4 and basemen are certified to satisfy the construction requirement and approved to be carried out.  No. FJSGXK­0592-JM­2013-00017  6.2.2013/ Nil  Construction Bureau of Jimei District, Xiamen Municipal  The major conditions as set out in this certificate, among others, are: 1. Name of project developed: construction project of building 2, 3, 4 and basemen  To be complied  in 101 Park Bo Bay;  2. Construction area: approximately 624,457 sq ft;  3. Construction period: February 2013 to August  2015  Xiamen Double Prosperous Real Estate Development  Construction Permits, pursuant to which the construction project of building 1, 5, 6 and basement are certified to satisfy the construction requirement and approved to be carried out.  No. FJSGXK­0592-JM­2013-00016  6.2.2013/ Nil  Construction Bureau of Jimei District, Xiamen Municipal  The major conditions as set out in this certificate, among others, are: 1. Name of project developed: construction project of building 1, 5, 6 and basement in 101 Park Bo Bay; 2. Construction area: approximately 501,900 sq ft; Construction period: February 2013 to September 2015  To be complied
Notes:­[” To continue in force until the date of issuance of the Certificate of Statutory Completion and the Subsidiary Strata Certificates of Titfe or the Certificate of Title, whichever is applicable, for all units of development unless otherwise earlier revoked under the Housing Developers (Control & Licensing) Act (Cap. 130) of Singapore. [‘I Pursuant to the Implemental Measures of FuFan Province of Urban and Rural Planning Law, within one year from the issuance date of this Permit, 101 (Xiamen) Properties shaff go through land use approval procedures. If 10/ (Xiamen) Properties fails to go through such procedures in time and does not apply for the extension of the term, this Permit shall be automatically invalidated. 87 4. INFORMATION ON OUR GROUP (Cont’d) 4.8 MAJOR BRAND NAMES, PATENTS, TRADEMARKS, LICENCES, TECHNICAL ASSISTANCE AGREEMENTS, FRANCHISES, OTHER INTELLECTUAL PROPERTY RIGHTS, INDUSTRIAL, COMMERCIAL OR FINANCIAL CONTRACTS As at the LPD, our Group does not have any brand name. patent, trademark, technical assistance agreement, franchise or any other Intellectual property right, other than those disclosed below:­(a) Through our sUbsidiary, Resort Villa Development, we entered into a franchise agreement and an international services agreement with International Hotel Licensing Company S.A.R.L. on 6 August 2002 to operate Marriott Hotel in 101 Resort City, Putrajaya, Malaysia for a period of fifteen (15) years. Subsequently, International Hotel Licensing Company S.A.R.L. had, on 21 July 2008, assigned all its right, title and interest in and to the franchise agreement together with the international services agreement to Global Hospitality Licensing S,A.R.L.
(b) The current “101” logo which our Company Intends to use in our operations has been trademarked by laic. We have on 30 November 2013 entered Into a license agreement (“License Agreement”) with laiC to obtain the rights to use the “101” brandname and such logo prior to the Listing on inter alia the foliowing proposed salient terms:­

(i) laiC agrees to grant to 10lPG a non-exclusive and non-transferable license to use the trademarks in the name “101” and marks bearing the “101” logo registered with the Intellectual Property Corporation of Malaysia under trademark nos. 07007104, 07007106 and 07007105 respectively (collectively, the “Trademarks”), at a yearly license fee of RM100, for a period commencing from 5 December 2013 and which shall continue in full force and effect unless or until terminated in accordance with the terms of the License Agreement; (ii) the Trademarks are solely granted to 10lPG in relation to the business operations of 101PG; (iii) laiC agrees and acknowledges that 10lPG may for so long as the Licence Agreemeni remains in effect permit any of the directly or indirectly held subsidiary companies or jointly controlled entities of 10lPG to carry and use any of the Trademarks, upon and subject to the terms of the License Agreement; (iv) in order to protect and preserve 101C’s rights in the Trademarks, 10lPG agrees that it shall submit to laiC for approval prior to the first application or implementation (as the case may be) of the Trademarks including any subsequent addition, alteration or modification in such Trademarks from time to time during the term of the License Agreement;
(v) 10lPG hereby assigns and transfers to laic all the trademarks and trademark rights created by 101PG’s use of the Trademarks, together with the goodwill arising from 101PG’s use of the Trademarks and it shall not, either during or after the term of the License

Agreement take any action to register any of the Trademarks in its own name or claim any proprietary rights over the Trademarks or take any other action that could be detrimental to the goodwill associated with the Trademarks or with laiC; and (vi) 10lPG shall notify laiC forthwith in writing of any and all circumstances coming to the attention of 101PG, its agents or employees, which may constitutean infringement of any of the intellectual property rights of 10lC or any suspected passing-off by any third party of intellectual property belonging to laiC, and shall take all such reasonable action in connection therewith to protect the Interests of laiC as laiC may direct. (vii) Subject to the provisions of paragraph (viii) below, either party may give to the other party not less than six (6) months’ written notice to terminate the License Agreement; and (viii) laiC shall further be entitled to Issue a 14 days’ notice of termination to 101PG, if 101PG­(a) commits any material breach of any of its obligations under the License Agreement and fails to take appropriate steps to remedy such breach (if capable of remedy) within fourteen (14) days after being given notice to do so;
(b) goes into liquidation, whether compulsory or voluntary (except for the purposes of a bona fide reconstruction or amalgamation with the consent of the other party, such consent not to be unreasonably Withheld) or is wound up;
(c) becomes insolvent or is unable to pay its debts or admits in writing its inability to pay its debts as they fall due or enters into any composition or arrangement with its creditors or makes a general assignment for the benefit of its creditors; or

4. INFORMATION ON OUR=-G=cR=0=cU=-P-,-(C=c0″,n=I-=’d,–J _ (d) ceases, or threatens to cease, to carry on its business. 4.9 QUALITY CONTROL I MANAGEMENT PROCEDURES I PROGRAMMES Our Group has always placed significant emphasis on quality and adheres to stringent qualily standards. We have put in place various quality checks and controls throughout our property development and supervision process. We have been adopting the ISO 9001 :2008 (previously ISO 9001 :2000) Quality Management System as part of the documentation control system. The management of our Group is fully committed to establishing, documenting, implementing, maintaining and making continual improvements in its quality management system in accordance with the ISO 9001 :2008 requirements. Since end-2009, our Group has made concerted efforts to reinforce the 101 Properties brand, in particular, its 101 Branded Customer Service initiative. Under the 101 Branded Customer Service initiative, our Group has set out the Iype and level of service that can be uniquely identified with our Group, wherein the focus is on product and service quality and reliability. Our products are also assessed either under the Construction Quality Assessment System (“CONQUAS”) or Quality Assessment System in Construction (“QLASSIC”). Moving forward, all of 10iPGs’ purpose-built office towers currently under construction or to be constructed will be rated or to be rated under the Green Building Index or such equivalent green building rating tools. As a township developer, we see ourselves as playing an important role in community development as our Group is involved in currently building a vibrant community and maintaining it to make it sustainable. Besides embarking on a series of activities such as our “Go Green” events aimed at educating and encouraging communities to reduce waste, our Group is also steadfast in ensuring that there are open channels of communication between the residents and us through our close collaboration with resident associations as well as keeping the channels of communication open. Once they know us and our values well, there is a greater likelihood of retaining them as long term customers. 4.10 R&D The nature of our businesses do not require us to carry out any extensive research and development. Hence, we have not incurred any research and development expenses forthe past three (3) latest financial years. Notwithstanding the above, in order to remain competitive, we strive to continuously improve our product designs, quality of our properties and our selVices in our leisure and hospitality business by constantly keeping abreast with the market trends and conditions. 4.11 MATERIAL INTERRUPTIONS IN BUSINESS FOR THE PAST TWELVE (12) MONTHS Save as disclosed below, we did not experience any other material interruptions that has significantly impaired our Group’s business performance during the past twelve (12) months preceding the date of this Prospectus:­(a) On 8 October 2011, our subsidiary Palmex Industries received a stop work order from Municipal Council of Penang Island (Majlis Perbandaran Pulau Pinang) (“MPPP”) on our development project on Lo111214, 14338 and Lot 14339, Mukim 12, Daerah Barat Daya, Jalan Kenari, Pulau Pinang in relation to the construction of 107 units of strata lerrace houses known as “Stramax” (“Stramax Order”). The Stramax Order was issued because Palmex Industries were found to have not fully confonned to the conditions set out in the earthworks plan approval. The Stramax Order had proposed that Palmex Industries undertake measures to prevent land erosion or pollution of surroundings, public roads and drains which include amongst others, cleaning up site erosion area and cover up the slopes with geotextile. The Stramax Order was lifted on 31 May 2013 upon MPPP’s satisfaction with the restoration works. The liquidated damages are not applicable to us at this juncture as the project has yet to iaunch. Hence, the reputation and financial performances of 10lPG are unaffected by the Stramax Order. Further, there were also no penalties or fines imposed by the authorities in regards to the Stramax Order. 4. INFORMATION ON OUR GROUP (Cont’d) The above Stramax Order did not affect the reputation and financial performances of 101PG. (b) On 27 December 2012, our subsidiary Pilihan Megah received a stop work order from the Subang Jaya Municipal Council (Majlis Perbandaraan Subang Jaya) (“MPSJ”) on our development project on Lot 5590 and Lot 5591, Persiaran Puchong Jaya Selatan, Bandar Puchong Jaya, Mukim Petaling, Selangor Darul Ehsanin relation to the construction of 5 blocks of condominiums known as the “Skyz Residences” (“Order”). The Order was issued due to safety issues in regards to the access road leading into and out of the construction silewherein on 24 December 2012, one concrete mixer truck damaged the perimeter fencing wall separating the construction site and Vistaria Residences (compieted neighbouring deveiopment). No one was injured during that incident. As part of the Order, Pilihan Megah was required to submit to MPSJ proposed safety measures on the access road for the construction site, taking into consideration the incident on the construction site. Subsequently on 4 January 2013, there was a meeting held between various parties including representatives from Pilihan Megah and MPSJ wherein it was proposed that Pilihan Megah had to undertake safety measures including inter-alia, bUilding a perimeter fencing that can withstand accidents from heavy vehicles (up to 30 tonnes) and to build properly tiled roads equivalent to permanent roads (“MPSJ Conditions”). Pilihan Megah had on 21 January 2013 written to MPSJ to inform them that the aforementioned proposed safety measures have been substantially completed and had requested for a site visit from MPSJ. Following the site visit from MPSJ, the Order was lifted vide MPSJ’s letter dated 5 August 2013. Since then, the construction works at site has resumed. 4.12 MODES OF MARKETING I DISTRIBUTION I SALES Being an established township developer, we have built our corporate image through timely delivery of our properties with proven quality. As we have a diversified product portlolio, our marketing strategies tend to vary according to the types of products offered. Marketing strategies adopted by our Group include, amongst others, the following:­a) Personalised themes to suit individual lifestyles and consumer groups; b) Innovative architectural designs concepts;
c) Sustainable living and environmental friendly developments; d) Special introductory prices for “early birds”; and; e) Absorption of legal fees on sale and purchase documentation and loan agreements; In Malaysia, we have an internal marketing team that focuses on strategic branding activities as well as providing input during the design development process to ensure the design of our properties meets our stringent design criteria. Our Group also participates regularly in various property exhibitions such as The Star Property Fair, IProperty exposition and Malaysia Property Exposition (MAPEX) to promote our brand name and products. As for sales activities, we have dedicated sales team located at both, our head office and showrooms at the major project sites to promote our new launches. Furthermore, we deploy printed media, private previews, e­mail and short messaging service blasts, electronic direct mailing as well as social media sites to market new launches. In Singapore, we leverage on our joint venture partners’ experiences. contacts and reputation in Singapore to successfully market our projects. Discussions on pricing strategy are also carried out with our joint venture partners prior to product iaunch. 4.13 MAJOR CUSTOMERS AND PRINCIPAL MARKETS Our principal markets are Malaysia, Singapore and Xiamen, PRC. For the past three (3) financial years, we do not have any customers contributing 10% or more of our Group’s revenue. Please refer to Section 10.4 of the Prospectus for the revenue analysis of the past three (3) financial years. 4. INFORMATION ON OUR GROUP (Cont’d) 4.14 MAJOR SUPPLIERS I CONTRACTORS We engage the services of consultants and main contractors to assist in our development operations. We do not typically purchase construction materials from suppliers or engage the services of sub-contractors directly. The lable below shows our Group’s purchases of services, which accounted for at least 10% or more of our Group’s total purchases of services for the past three (3) FYE 2011, FYE 2012 and FYE 2013. Name /Services rendered  Length of  Pro  ortion of Group’s Purchases  Relationship  FYE 2011  FYE 2012  FYE 2013  (Years)  (‘!o)  (%)  (%)  Yicai Construction Sdn Bhd (building contractor)  8  4.97  13.98  10.23  Kimlun Sdn Bhd (building contractor)  10  13.06  13.38  3.82  Jasmurni Construction Sdn Bhd (building contractor)  8  4.55  9.05  7.94  Translegend Holdings Sdn Bhd (building contractor)  11  3.32  7.40  2.92
Our Group generally does not wholly depend on anyone consultant or main contractor. Our Group selects the consultants and main contractors based on various factors such as pricing, track record, financial strength, workmanship, quality, effiency, reliability and staff capacity. 4.15 FUTURE PLANS, STRATEGIES AND PROSPECTS OF OUR GROUP Our future plans and strategies are set out in the ensuing sections. 4.15.1 We will continue pursuing our core expertise which is the design and development of townships As disciosed in Section 5 of this Prospectus, the Malaysian property market outlook is envisaged to remain positive and favourable in the near tenn as transactions in the residential and commercial sectors are estimated to reach between approXimately RM127.2 billion to RM165.1 billion by 2015. In particular, the property market in the Klang Valley and Johor is expected to grow favourably given, amongst others, the following factors:­(a) the anticipated level of sustained urbanization and population growth in the Klang Valley:
(b) the proposed infrastructure projects announced under the Economic Transformation Programme, particularly the following projects:­
(i) the Klang Valley Mass Rapid Transit (“KV MRT”), which is expected to provide greater connectivity between the city centre, townships and urban areas in the Kiang Valiey; and
(ii) the high speed train between Singapore and Malaysia, which wili potentially improve the connectivity between both countries.

 

(c) the prospects of the Iskandar Malaysia region.

(Source: Executive Summary of the properly development and property investment Industry in Malaysia, Singapore and PRe -IMR) Premised on the above and our established track record in township development, we believe that we are in a good position to capitaiize on the potential upward trend of the Malaysian property market. We intend to continue to develop the remaining Landbank held within our existing growing andior mature townships, such as Bandar Puten Puchong, Bandar Puchong Jaya, Bandar Putra Kulai and Kempas Utama, progressively,subject to amongst others, the township’s population growth, the urbanisation rate and its demand for new properties. Some of these new developments are Skypod Residences in Bandar Puchong Jaya, 101 Rio City in Bandar Puteri Puchong and D’Summit Residences in Kempas Utama. Please refer to Section 4.2 of this Prospectus for further details on our other on-going and upcoming property developments for the next three (3) years. Further, we also intend to unlock the value of our existing Landbank by developing them into new townships. In developing these new townships, we aim to adopt and emulate ourpast successful development formula of developing self-contained townships such as Bandar Puteri Puchong and Bandar Puchong Jaya. We currently have identified and eannarked several of our Landbank for our new township developments. These Landbank are located, amongst others, in Ayer Keroh, Bangi, Sepang and Kempas Baru. Please refer to Section 4.2.5 of this Prospectus for upcoming new township developments. 4. INFORMATION ON OUR GROUP (Cont’d) 4.15.2 Continue pursuing niche developments in matured areas

 

Leveraging on our extensive experience as a property developer, we have successfully further enhanced our product portfolio by undertaking the development of standalone mid to high-end commercial/residential properties located at prime locations or within matured townships. We deem this market to be our niche developments.
Our niche developments in recent years include, amongst others, our projects in Singapore, the Platina in Johor and the Hammock in Kuala Lumpur. These niche developments are smaller in scale and targets the mid to high income households. Please refer to Section 4.2.3 and Section 4.2.4 of this Prospectus for details of these developments. Moving forward. we will continue to explore niche development opportunities and may potentially enter into joint developments with reputable developers and/or suitable business partners to develop these projects. 4.15.3 Continue growing our property investment portfolio We are also involved in property investment activities. Our investment properties provides us with a steady stream of recurring Income. As at 30 June 2013, our existing property investment portfolio is approximately 2.65 million sq ft of letlable space, comprising, amongst others, 101 Mall in Puchong, 101 Mall in Johor, two (2) office buildings in Puchong Financial Corporate Centre and two office towers in 101 Resort City, namely One 101 Square and Two 101 Square. For the past three (3) years, our property investment portfolio contributed more than RM90.0 million in revenue annually, representing a contribution of approximately 8.0% to 9.1 %of our total revenue. We aim to grow the revenue contribution of our property investment portfolio, and by end of 2014, we expect to complete the 101 City development (which comprises 101 City Mall and office bUildings) and new office towers at Puchong Financial Corporate Centre. We expect these buildings will increase our investment portfolio of net letlable area from approximately 2.65 million sq ft to more than 5.0 million sq ft. Please refer to Section 4.2.3, Section 4.2.4 and Section 4.2.5 of this Prospectus for further details on our other on-going and upcoming developments of our investment property projects. In addition, we will continue to identify new developments and/or existing properties, in the Klang Valley, Johor, Singapore and the PRC to be included in our property investment portfolio, depending on the location, prospects, occupancy rate and the rental income/yieids. 4.15.4 Increasing our presence in Singapore and China Despite government measures to cool down the property market in the PRC, we believe that the increasing urbanisation rate, population growth, and increasing household income particularly in the second tier-developed cities such as Xiamen, will proVide sustained demand for our properties. Similarly in Singapore, despite the increase In Additional Buyer’s Stamp Duty and other cooling measures implemented by the Singapore government, the demand for properties in the property market remains on an upward trend, spurred mostly by population grow1h rate (particularly the increase in the number of expatriates) and the growing demand for properties from the middle­income households. Premised on the above, we plan to increase our ventures and projects in Singapore and China. Further, this is in line with our Group’s strategy to diversify our geographical risk and reduce over­dependence on a particular location. Hence, we are constantly on the lookout for new property development opportunities in these countries. We believe that through overseas expansion, we will be in the forefront to capitalise on the regional grow1h opportunities that may come by. 4.15.5 Prospects Premised on our future plans and strategies highlighted above, our key competitive strengths highlighted in Section 4.4 and the prospects and outlook of the property development and property investment industry as set out in Item 8 of Section 5 of this Prospectus, our Board is of the view that we will enjoy positive grow1h and favourable prospects in the long-term.

 

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