Business Overview

5. INFORMATION ON OUR GROUP 5. INFORMATION ON OUR GROUP 5.1 History and Business Overview of Our Group Our Company was incorporated in Malaysia under the Act on 8 November 2012 as a private limited company under the name of Only World Group Holdings Sdn Bhd and was subsequently converted to a public company limited by shares on 6 June 2013. We are an investment holding company and are engaged in the provision of management services whilst our Subsidiaries are principally providers of leisure and hospitality services incorporating the operation of food service outlets, water amusement parks and family attractions and other services. The history of our Group ean be traced back to 1984 with the establishment of a private limited company, namely Family Fun World Sdn Bhd, the owner of the Wet World brand and is principally cngaged in the merchandising of thc Wet World branded products. in 1997, Family Fun World Sdn Bhd changed its name to Wet World Sdn Bhd and subsequently assumed its present name in 2002. In 1996, our Group through Mereu Jutaan had commenced our foray into the leisure and hospitality industry by opening our first (1 “) water amusement park, namely Wet World Water Park Shah Alam in Selangor Darul Ehsan. Three (3) years later, our Group through Pedas Hot Spring, had launched our second (2″‘) water amusement park, namely Wet World Air Panas Pedas Resort in Negeri Sembilan Darul Khusus. In 1997, our Promoters acquired Tanjung Keris Sdn Bhd, which is now known as Platinum Attractions and launched our third (3″) water amusement park, namely Wet World Batu Pahat Village Resort in Johor Darul Takzim in 1999. Subsequently in 2003, Platinum Attractions expanded its business operation into the food service sector and opened Only Curry House, now known asjR CURRY at First World Plaza, Genting Highlands. In 1999, our Group ventured into resort operations through Kota Tinggi Resorts and opened Kota Tinggi Waterfalls Resort in Johor Daml Takzim. In the same year, our Group ventured into the food service sector when Dunia Setulin commenced its business operations and opened our first (I”) Marrybrown franchise outlet at Theme Park Hotel, Genting Highlands. We opened our second (2″‘) Marrybrown franchise outlet in 2005 at First World Plaza, Genting Highlands. In 2002, our Group through Platinum Paradise had launched three (3) other food serviee outlets, namely Yummy Yununy, now known as Jia Food For The Seasons, Mmm Yum Yum Bak Kut Teh, now known as eastcollrt and Shanghai 10, which are all located at First World Plaza, Genting Highlands. Platinum Paradise had also opened other food serviee outlets, namely HOT POT, eastcourt and RICHDAD at First World Plaza, Genting Highlands in 2005, 2007 and 2009, respectively. In 2003, our Group, tluough KCK had set-up a centralised kitchen facility, which is located at our corporate office in Shah Alam, Selangor Darul Ehsan to supp01i our Group’s food service operations and to facilitate our Group’s in-house R&D activities. In the same year, Believe It Or Not had entered into a franchise agreement with Ripley’s Attractions, Inc. and subsequently opened RIPLEY’S Believe It or Not and HAUNT£1J ADVENTURE at First World Plaza, Genting Highlands. In 2005, our Group tluough Only Mee opened Only Mee food service outlets at First World Plaza, Genting Highlands and SACC Mall, Shah Alum in Selangor Darul Ehsan. In the same year, om Group also opened other food service outlets, namely Markel Food Street and Only Easy Store at First World Plaza, Genting Highlands. Subsequently in 2006, our Group expanded our presence to East Malaysia and opened OJ1~V Mee food service outlet at Kuching lntcl”nfltional Ailport, Sarawak. In the same year, Magnificent Empire opened London CAFE and three (3) other F&B kiosks at the Outdoor Theme Park, Genting Highlands. -51 ­S. INFORMATION ON OUR GROUP (Cont’d) In 2008, Magnificent Empire opened Only Easy Cafe, now known as 1 Meter Teh at First World Plaza, Genting Highlands. Platinum Paradise established a food preparation area located at First World Plaza, Genting Highlands in 2009. One (1) year later in 2010, Platinum Paradise opened a food service outlet, known as The FOOD tree at our Group’s corporate office in Shah Alam, Selanger Darul Ehsan. In addition to the above, our Group has throughout the years, expanded our food service operations by increasing the number of food service outlets. As at the LPD, our Group operates twenty seven (27) food service outlets located in the following states and tenitories within Malaysia. Over the years, our Group has also engaged third parties to manage retail outlets of our Group that provide other services such as souvenir imaging services through outlets known as DigiPhofo kiosks, beautification, healthcare and wellness services through outlets known as Artoo, HEALING TOUCH, WellCare Clinic, PEDAS SPRINGS spa, PEDAS SALON, BEAUTY FIRST HAIR SALON and children entertainment services through Jungle Gym Kidz Spa & Adventure Playland. In May 2013, our Group through The Wet World, had entered into a sale of business agreement CSBA”) with World Equipment Sdn Bhd to acquire four (4) retail outlets that provide children entertainment services and sports activities, namely Starship Galactica at 1Utama Shopping Centre, Jungle Gym at Bangsar Shopping Centre and two (2) Roller Sport World at Bangsar Shopping Centre and Endah Parade. The acquisition was completed in June 2014 and our Group had commenced operation of the four (4) retail outlets in July 2014. As the result of the ongoing upgrading and development works in Resorts World Genting, Genting Highlands, our Group and the landlord are still in the midst of finalising the terms of the renewal of the tenancy agreements and relocation of the temporary closed food service and retail outlets namely three (3) DigiPhoto kiosks, PEDAS SPRINGS ‘pa, PEDAS SALON and Jungle Gym Kidz Spa & Adventure Playland as disclosed in Section 6.2.5 of the Prospectus. As at the LPD, our Group’s corporate structure is as follows: OWG I 1 100.00% 170.00% 1100.00% 198.75% I ]100 00% Kota Tinggi Dunia Mereu J
“,,””.,1′”w”lSetulin Resorts Jutaan Sprmg World 100.00% ]00.00% 100.00% 100.00% 100 00% l ,—-­
I -~
Magnificent Platinum
Believe It Or Only Mee KCKNot Empire /l Attractionsr ” ) 100.00% ,—–P-la-tJLDl-II~ Paradise I
5. INFORMATION ON OUR GROUP (Conl’d) 5.2 Share Capital and Changes in Share Capital As at the LPD, the authorised share capital of our Company is RM200,000,000 comprising 400,000,000 ordinary shares ofRMO.50 each, ofwhich RM64,295,550 comprising 128,591,100 ordinary shares of RMO.50 each have been issued and fully paid-up. Upon completion of our IPO, the issued and paid-up share capital will be increased to RM92,500,000 comprising 185,000,000 Shares. The changes in our Companis issued and paid-up share capital since incorporation are as follows: Date of allotment 08.11.2012 22.02.2013 25.02.2013 ‘l24.03 .2014 I No. of Shares aHotted 2 -2 128,591.094 J Par value RM 1.00 0.50 0.50 0.50 I CO”,…,”, l RM Cash Subdivision of two (2) existing ordinary shares of RM 1.00 each into four (4) ordinary shares of RM0.50 each Cash Acquisitiolls l—CUmulative I issued and Cumulative total no. of paid-up share capitalShares RM 2 4 2 2 6 3 128,591,100 64,295,550L

I There were no discounts, special terms or instalment payment terms applicable to the payment of consideration for the above allotments. As at the LPD, there are no outstanding warrants, options, convertible securities or uncalled capital in OWG. [I1IiREST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK I

 

5. INFORMATION ON OUR GROUP (Cont’d) 5.3 Principllj Activities of Our Subsidiaries As at the LPD, our Group has no Subsidiaries are as follows: Sub:!iidiaries Believe It Or Not Dunia Setulin KCK Kota Tinggi Resorts Magnificent Empire Mereu Jutaan Only Mee Pedas Hot Spring Platinum Attractions The Wet World Subsidiary held by Platinum Attractions Platinum Paradise Date I Pl~ce of incorporation 05.08.20021 Malaysia 19.03.19981 Malaysia 30.03.20011 Malaysia 18.05.19901 Malaysia 07.01.20021 Malaysia 08.03.19931 Malaysia 11.08.20041 Malaysia 18.07.19941 Malaysia 21.07.19901 Malaysia 14.08.19841 Malaysia associated company. The principal activities of our Date of acquisition by the Promoters I Year of business commencement NlAI 2003 NlAI 1999 NlAI 2003 27.08.19991 1992 N/AI 2002 05.05.19931 1996 N/AI 2004 27.08.19981 1996 25.11.19971 1993 NlAI I 1984

25.02.2002~ 1 MalaYSia 2002 Issued and paid~ up share capital RM 62,503 450,000 100,000 2,000,000 200,000 500,000 2 4,000,000 1,000,000 500,002 1,000,000 Principal activities Operation of family attractions and provision of other services Operation of food service outlets Operation of a main central kitchen Operation of a resort and a food service outlet Operation of food service outlets and provision of other services Operation of a water amusement park and a food service outlet Operation of food serviee outlets Operation of a water amusement park and a food service outlet Operation of a water amusement park and food service outlets Brand owner and merchandiser Operation of food service outlets and provision of other services
5. INFORMATION ON OUR GROUP (Cont’d) 5.4 Information on 001′ Subsidiaries 5.4.1 Believe It Or Not (a) History and Business
Believe It Or Not was incorporated in Malaysia under the Act on 5 August 2002 as a private limited company and commenced its business operations in 2003. Believe It Or Not is principally engaged in the operation of family attractions and provision of other services.
(b) Substantial Shareholders
As a result of the Acquisition of Believe It Or Not, which was completed on 24 March 2014, Believe It Or Not is a wholly-owned subsidiary of our Company.
(e) Share Capital

As at the LPD, Believe It Or Not has an authorised share capital of RM100,000 comprising 100,000 Believe It Or Not Shares. The issued and paid-up share capital of Believe It Or Not is RM62,503 comprising 62,503 Believe It Or Not Sharcs. There are no changes in the issued and paid-up share capital of Believe It Or Not for the past three (3) ycars preceding the LPD. As at the LPD, Believe It Or Not does not have any outstanding warrants, options, convertible securities or uncalled capital. (d) Subsidiary and Associated Company As at the LPD, Believe It Or Not does not have any subsidiary or associated company.
5.4.2 Dnnia Setulin (a) History and Bnsiness
Dunia Setulin was incorporated in Malaysia under the Act on 19 March 1998 as a private limited company and commenced its business operations in 1999. Dunia Setulin is principally engaged in the operation of food service outlets.
(b) Snbstantial Shareholders
As a result of the Acquisition of Dunia Setlllin, which was completed on 24 March 2014, Dunia Setulin is a wholly-owned subsidiary of our Company.
(e) Share Capital

As at the LPD. DUllia Setulin has an authorised sharc capital of RM500,000 comprising 500,000 Dunia Sctulin Shares. The issued and paid-up share capital of Duni. Setulin is RM450.000 comprising 450,000 Dunia Setulin Shares. There are no changes in the issued and paid-Up share capital of Dunia Setulin for the past three (3) years preceding the LPD. I Company No.: I033338-K I 5. INFORMAnON ON OUR GROUP (Cont’d) As at the LPD, Dunia Setulin does not have any outstanding walTants, options,  convertible securities or uncalled capital.  (d)  Subsidiary aud Associated Company  As at the  LPD, Dunia Setulin does  not have any subsidiary  or  associated  company.  5.4.3  KCK  (a)  History and Business  KCK  was  incorporated in Malaysia under the Act  on 30 March 200 I  as  a  private limited company and commenced its business operations in 2003. KCK  is principally engaged in the operation of a main central kitchen.  (b)  Substantial Shareholders  As a result of the Acquisition of KCK, which  was  completed on 24 March  2014, KCK is a wholly-owned subsidiary ofour Company.  (c)  Share Capital  As at the LPD, KCK has an authorised share capital of RM I00,000 comprising  100,000  KCK  Shares.  The  issued  and  paid-up  share  capital  of KCK is  RMIOO,OOO comprising 100,000 KCK Shares.  The change in the issued and paid-up share capital of KCK in the past three (3)  years preceding the LPD is as follows:
Date of aUotment  No. of shares allotted  Par value  Consideration  Cumulative issued and paid-up .lihare capital  RM  RM  17.01.2011  99,998  1.00  Other than c3sh*  100,000 I
Note: The consideration for the above allotment 0199,998 ordinary shares was fully satisfiedbyway ofcapitalisingpart ofthedebtsdue toDato’Koh ChengKeong and Datin Chew Lean Hong amounting to RM49,999 each. There were no discounts, special terms or instalment payment terms applicable to the payment of consideration/or the above allotment. * As at the LPD, KCK does not have any outstanding warrants, options, convertible securities or uncalled capital. (d) Subsidiary and Associated Company As at the LPD, KCK does not 118vc any subsidiary or associated company.

5. INFORMATION ON OUR GROUP (Con/’d) 5.4.4 Kota Tinggi Resorts (a) History and Business Kota Tinggi Resorts was incorporated in Malaysia under the Act on 18 May 1990 as a private limited company and commenced its business operations in 1992, Kota Tinggi Resorts is principally engaged in the operation of a resort and a food service outlet. (b) Substantial Shareholders
As a result of the Acquisition of Kota Tinggi Resorts, which was completed on 24 March 2014, the substantial shareholders of Kota Tinggi Resorts are as follows:
(c) Share Capital

C  Direct  No. of Kota Tinggi Resorts Shares held  %  OWG Y,A,D, Data’ Paduka Tengku Putra Bin Tengku Azman Shah  1,400,000 600,000  70.00 30’ODJ
As at the LPD, Kota Tinggi Resorts has an authorised share capital of RM5,000,OOO comprising 5,000,000 Kota Tinggi Resorts Shares. The issued and paid-up share capital of Kota Tinggi Resorts is RM2,000,000 comprising 2,000,000 Kota Tinggi Resorts Shares, There are no changes in the issued and paid-up share capital of Kola Tinggi Resorts for the past three (3) years preceding the LPD, As at the LPD, Kota Tinggi Resorts does not have any outstanding warrants, options, convertible securities or uncalled capital. (d) Subsidiary and Associated Company As at the LPD, Kota Tinggi Resorts does liot have any subsidiary or associated company.
5.4.5 Magnificent Empire (a) History and Bnsiness Magnificent Empire was incorporated in Malaysia under the Act on 7 January 2002 as a private limited company and commenced its business operations in 2002. Magnificent Empire is principally engaged in the operation of food service outlets and provision of other services. (b) Substantial Shareholders As a result of the Acquisition of Magnificent Empire, which was completed on 24 March 2014, Magnificent Empire is a wholly-owned subsidIal’y of our Company. -57 ­

5. INFORMATION ON OUR GROUP (Cont’d) (c) Share Capital As at the LPD, Magnificent Empire has an authorised share capital of RM500,000 comprising 500,000 Magnificent Empire Shares. The issued and paid-up share capital of Magnificent Empire is RM200,000 comprising 200,000 Magnificent Empire Shares. There are no changes in the issued and paid-up share capital of Magnificent Empire for the past three (3) years preceding the LPD. As at the LPD, Magnificent Empire does not have any outstanding warrants, options, convertible securities or uncalled capital. (d) Subsidiary and Associated Company As at the LPD, Magnificent Empire does not have any subsidiary or associated company.
5.4.6 Mereu J utaan (a) History and Business Mercu Jutaan was incorporated in Malaysia under the Act on 8 March 1993 as a private limited company and commenced its business operations in 1996. Mereu Jutaan is principal1y engaged in the operation of a water amusement park and a food service outlet. (b) Substantial Shareholders
As a result of the Acquisition of Mereu Jutaan, which was completed on 24 March 2014, Mercu Jutaan is a wholly-owned subsidiary of our Company. (c) Share Capital As at the LPD, Mercu Jutaan has an authorised share capital of RM500,000 comprising 500,000 Mercu Jutaan Shares. The issued and paid-up share capital of Mercu Jutaan is RM500,000 comprising 500,000 Mercu Jutaan Shares.
There are no changes in the issued and paid-up share capital of Mercu Jutaan for the past three (3) years preceding the LPD. As at the LPD, Mercu Jutaan does not have any outstanding warrants, options, convertible securities or uncalled capital. (d) Subsidiary and Associated Company As at the LPD, Mercu Jutaan does not have any subsidiary or associated company. 5. INFORMATION ON OUR GROUP (Colll’d)
5.4.7 Only Mee (a) History and Business
Only Mee was incorporated in Malaysia under the Act on II August 2004 as a private limited company and commenced its business operations in 2004. Only Mee is principally engaged in the operation of food service outlets.
(b) Substantial Shareholders
As a result of the Acquisitiou of Only Mee, which was completed on 24 March 2014, Only Mee is a wholly-owned subsidiary of our Company.
(c) Share Capital

As at the LPD, Only Mee has an authorised share capital of RMIOO,OOO comprising 100,000 Only Mee Shares. The issued and paid-up share capital of Only Mee is RM2 comprising two (2) Only Mee Shares. There are no changes in the issued and paid-up share capital of Only Mee for the past three (3) years preceding the LPD. As at the LPD, Only Mee does not have any outstanding wan-ants, options, convertible securities or uncalled capital. (d) Subsidiary and Associated Company As at the LPD, Only Mee does not have any subsidiary or associated company.
5.4.8 Pedas Hot Spring (a) History and Business Pedas Hot Spring was incorporated in Malaysia under the Act on 18 July 1994 as a private limited company under the name of Furutama Sdn Bhd. It changed its name to Air Panas Pedas Resort Sdn Bhd on 29 January 1996. Pedas Hot Spring commenced its business operations in 1996 and has assumed its present uame since 7 November 2002. Pedas Hot Spring is principally engaged iu the operation of a water amusement park and a food service outlet. (b) Substantial Shareholders
As a result of the Acquisition of Pedas Hot Spring, which was completed on 24 March 2014, our Company owns 98.75% of the equity interest ofPedas Hot Spring.
(c) Share Capital

As at the LPD. Pedas Hot Spring has au authorised share capital of RM5,000,000 comprising 5,000,000 Pedas Hot Spring Shares. The issued aud paid-up share capital of Pedas Hot Spring is RM4,000,000 comprising 4,000,000 Pedas Hot Spring Shares. 5. INFORMAnON ON OUR GROUP (Cont’d) The change in the issued and paid-up share capital ofPedas Hot Spring for the past three (3) years preceding the LPD is as follows: Date of allotment  No. of shares allotted I  Par value RM  I Consideration  Cumulative issued and paid-up share capital RM  11.06.2012  3,500,000  1.00  Other than cash·  4,000,000
Note: • The consideration for the above allotment oj 3,500,000 ordinary shares was jilUy satisfied by way of capitalising a sum of RM3,500,OOO which forms a contribution from a shareholder in a form of a quasi loan. The quasi loan represents unsecured, interest·free advances from the shareholder where the settlement was neither planned nor likely to occur in the foreseeable future. The advances were, in substance, a part of the shareholder’s investment in Pedas Hot Spring and were classified as a component within equity. There were no discounts, special terms or instalment payment terms applicable to the payment ofconsiderationfor the ahove allotment. As at the LPD, Pedas Hot Spring does not have any outstanding warrants, options, eonvertible securities or uncalled capital. (d) Subsidiary and Associated Company As at the LPD, Pedas Hot Spring does not have any subsidiary or associated company.
5.4.9 Platinum Attractions (a) History and Business
Platinum Attractions was incorporated in Malaysia under the Act on 21 July 1990 as a private limited company under thc name of Tanjung Keris Sdn Bhd. Platinum Attractions commenced its business operations in 1993 and has assumed its present name since 22 October 2002. Platinum Attractions is principally engaged in the operation of a water amusement park and food service outlets.
(b) Substantial Shareholders
As a result of the Acqnisition of Platinum Attractions Group, which was completed on 24 March 2014, Platinum Attractions is a wholly-owned subsidiary of our Company.
(c) Share Capital

As at the LPD, Platinum Attractions has an authorised share capital of RMl,OOO,OOO comprising 1,000,000 Platinum Attractions Shares. The issued and paid-up share capital of Platinum Attractions is RMI,OOO,OOO comprising 1,000,000 Platinum Attractions Shares. There are no changes in the issued and paid-Up share capital of Platinum Attractions for the past three (3) years preceding thc LPD.

5. INFORMATION ON OUR GROUP (Conl’d) As at the LPD, Platinum Attractions does not have any outstanding warrants, options, convertible securities or uncalled capital. (d) Subsidiary and Associated Company As at the LPD, save for Platinum Paradise, Platinum Attractions does not have any other subsidiary or associated company. The information on Platinum Paradise is set out in Section 5.4.1 0 below. 5.4.10 Platinum Paradise (a) History and Business
Platinum Paradise was incorporated in Malaysia under the Act on 25 February 2002 as a private limited company. Platinum Paradise commenced its business operations in 2002. Platinum Paradise is principally engaged in the operation offood service outlets and provision of other services.
(b) Substantial Shareholders
Platinum Paradise is a wholly-owned subsidiary of Platinum Attractions. As a result of the Acquisition of Platinum Attractions Group, which was completed on 24 March 2014, Platinum Paradise is an indirect subsidiary of our Company.
(c) Share Capital

As at the LPD, Platinum Paradise has an authorised share capital of RMI,OOO,OOO comprising 1,000,000 Platinum Paradise Share. The issued and paid-up share capital of Platinum Paradise is RMI,OOO,OOO comprising 1,000,000 Platinum Paradise Shares. There are no changes in the issued and paid-up share capital of Platinum Paradise for the past three (3) years preceding the LPD. As at the LPD, Platinum Paradise does not have any outstanding warrants, options, convertible securities or uncalled capital. (d) Subsidiary and Associated Company As at the LPD, Platinum Paradise does not have any subsidiary or associated company.
5.4.11 The Wet World (a) History and Business The Wet World was incorporated in Malaysia under the Act on 14 August 1984 as a private limited company under the name of Family Fun World Sdn Bhd. It changed its name to Wct World Sdn Bhd on 28 July 1997. The Wet World commenced its business operations in 1984 and has assumed its present name since 22 October 2002. The Wet World is the owner of the Wet World brand and is principally engaged in the merchandising of the Wet World trademark branded products. -6! ­5. INFORMATION ON OUR GROUP (Cont’dj (b) Substantial Sbarebolders
As a result of the Acquisition of The Wet World, which was completed on 24 March 2014, The Wet World is a wholly-owned subsidiary of our Company.
(c) Share Capital

As at the LPD, The Wet World has an authorised share capital of RMI,OOO,OOO comprising 1,000,000 Tbe Wet World Shares. The issued and paid-up share capital of Tbe Wet World is RM500,002 comprising 500,002 The Wet World Shares. There are no changes in the issued and paid-up share capital of The Wet World for the past three (3) years preceding the LPD. As at the LPD, The Wet World does not have any outstanding warrants, options, convertible securities or uncalled capital. (d) Snbsidiary and Associated Company As at the LPD, The Wet World does not have any subsidiary or associated company. [iHE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK I 5. INFORMATION ON OUR GROUP (CoIlI’d) 5.5 Flotation Exercise In conjunction with, and as an integral part of the Listing, we undertook the following corporate exercises: (i) Acquisitions; (ii) IPO; (iii) Share Transfer; and (iv) Listing. 5.5.1 Acquisitions On 23 May 2013, we entered into two (2) conditional SPAs in relation to the Acquisitions, to acquire the equity interest of our Subsidiaries for a total purehase consideration ofRM64,295,547, satisfied by the issuance of 128,591,094 new Shares. 5.5.1.1 Acquisition of Believe It Or Not The Acquisition of Believe It Or Not entails the acquisition of the entire issued and paid-up share capital of Believe It Or Not comprising 62,503 Believe It Or Not Shares for a purchase consideration of RM2,323,000, satisfied by the issuance of4,646,000 new Shares. The vendors of Believe It Or Not, the number of Believe It Or Not Shares that were acquired by OWG and the number of new Shares that were issued to them pursuant to the Acquisition of Believe It Or Not are disclosed as follows:
–, No. of Shares issued 4,534,352 I 111,648 4,646,000
The purchase consideration of RM2,323,000 for the Acquisition of Believe It Or Not was arrived at on a “willing-buyer willing-seller” basis after taking into consideration the audited NA of Believe It Or Not as at 31 December 2012 ofRM2,322,738. The Acquisition of Believe It Or Not was completed on 24 March 2014. 5. INFORMAnON ON OUR GROUP (Cont’d) 5.5.1.2 Acquisition of Dunia Setulin The Acquisition of Dunia Setulin entails the acquisition of the entire issued and paid-up share capital of Dunia Setulin comprising 450,000 Dunia Setulin Shares for a purchase consideration of RMl,991,000, satisfied by the issuance 00,982,000 ncw Shares. The vendors of Dunia Setulin, the number of Dunia Setulin Shares that were acquired by OWG and the number of new Shares that were issued to them pursuant to the Acquisition of Dunia Setulin are disclosed as follows: I  % of issued  No. of shares  and paid.  No. of  acquired by  up share  Purchase  Shares  OWG  capital  consideration  issued  RM  Koh Cheng Dato’  360,000  80.00  1,592,800  3,185,600  gKeon  LiewHupData’  90,000  20.00  398,200  796,400  What  \—.  450,000  100.00  1,991,000  3,982,000  –
The purchase consideration of RM 1,991 ,000 for the Acqulsition of Dunia Setulin was anived at on a “willing-buyer willing-seller” basis after taking into consideration the audited NA of Dunia Setulin as at 31 December 2012 ofRMl,990,716. The Acquisition of Dunia Setulin was completed on 24 March 2014. 5.5.1.3 Acquisition of KCK The Acquisition of KCK entails the acquisition of the entire issued and . paid-up share capital of KCK comprising 100,000 KCK Shares for a purchase consideration of RM4,238,OOO, satisfied by the issuance of 8,476,000 new Shares. The vendors of KCK, the number of KCK Shares that were acquired by OWG and the number of new Shares that were issued to them pursuant to the Acquisition ofKCK are disclosed as follows:
-~~r:-~~1 % ofissucd No. of shares and paid·up acquired by share OWG capital 50.000 50.00 ‘ 50,000 50.00 _ .. .–_.. 1-._-_..­100,000 100.00 5. INFORMAnON ON OUR GROUP (Cont’d) The pmchase consideration of RM4,238,000 for the Acquisition of KCK was arrived at on a “willing-buyer willing-seller” basis after taking into consideration the audited NA of KCK as at 31 December 2012 of RM4,237,021. The Acquisition ofKCK was completed on 24 March 2014. 5.5.1.4 Acquisition of Kota Tinggi Resorts The Acquisition of Kota Tinggi Resorts entails the acquisition of70.00% of the issued and paid-up share capital of Kota Tinggi Resorts comprising 1,400,000 Kota Tinggi Resorts Shares for a purchase consideration of RM2,85 1,800, satisfied by the issuance of 5,703,600 new Shares. The vendors of Kota Tinggi Resorts, the number of Kota Tinggi Shares that were acquired by OWG and the number of new Shares that were issued to them pursuant to the Acquisition of Kota Tinggi Resorts are disclosed as follows: r % of issued No. of shares and paid-up acquired by share Purchase OWG capital consideration RM  No, of Shares issued  Dato’ Koh Cheng 1,260,000 63.00 2,566,620 Keong Datin Chew Lean 140,000 7.00 285,180 Hong 1.400,000 70.00 2,851,800  5,133,240 570,360 5,703,600  ~­
The pmchase consideration of RM2,851 ,800 for the Acquisition of Kota Tinggi Resorts was arrived at on a “willing-buyer willing-seller” basis after taking into consideration 70.00% of the audited NA of Kota Tinggi Resorts as at 31 December 2012, which amounted to RM2,851,148. The total audited NA of Kota Tinggi Resorts as at 31 December 2012 is RM4,073,069. The Acquisition ofKota Tinggi Resorts was completed on 24 March 2014. 5.5.1.5 Acquisition of Magnificent Empire The Acquisition of Magnificent Empire entails the acquisition of the entire issued and paid-up share capital of Magnificent Empire comprising 200,000 Magnificent Empire Shares for a purchase consideration of RM3,850,OOO, satisfied by the issuance of 7,700,000 new Shares. 5. INFORMAnON ON OUR GROUP (Conl’d) The vendors of Magnificent Empire, the number of Magnificent Empire Shares that were acquired by OWG and the number of new Shares that were issued to them pursuant to the Acquisition of Magnificent Empire are disclosed as follows:
The purchase consideration of RM3,850,000 for the Acquisition of Magnificent Empire was arrived at on a “willing-buyer willing-seller” basis after taking into consideration the audited NA of Magnificent Empire as at 31 December 2012 ofRM3,849,919. The Acquisition of Magnificent Empire was completed on 24 March 2014. 5.5,1.6 Acquisition of Mereu Jutaan The Acquisition of Mereu Jutaan entails the acquisition of the entire issued and paid-up share capital of Mereu Jutaan comprising 500,000 Mereu Jutaan Shares for a purchase consideration of RM6,248,000, satisfied by the issuance of 12,496,000 new Shares. The vendors of Mereu Jutaan, the number of Mercu Jutaan Shares that were acquired by OWG and the number of new Shares that were issued to them pursuant to the Acquisition of Mercu Jutaan are disclosed as follows: I
Dato’ Koh Cheng Keong Datin Chew Lean Hong *of issued No. of shares and paid-up acquired by share OWG cllpitaJ 394,000 78.80 106,000 21.20 500,000 100.00 …­0 Il No. of Purchase Shllres consideration issued RM 4,923,424 O””‘~ 1,324,576 2,649,152 6,248,000 12,496,000 I j o.
The purchase consideration of RM6,248,OOO for the Acquisition of Mereu Jutaan was arrived at on a “willing-buyer willing-seHer” basis after taking into consideration the audited NA of Mereu Jutaan as at 31 December 2012 of RM6,24 7,031. The Acquisition of Mereu Jutaan was completed on 24 March 2014 I 5. INFORMATION ON OUR GROUP (Colll’d) 5.5.1.7 Aequisition of Only Mee The Acquisition of Only Mee entails the acquisition of the entire issued and paid-up share capital of Only Mee comprising two (2) Only Mee Shares for a purchase consideration of RMl,048,000, satisfied by the issuance of 2,096,000 new Shares. The vendors of Only Mee, the number of Only Mee Shares that were acquired by OWG and the number of new Shares that were issued to them pursuant to the Acquisition of Only Mee are disclosed as follows: I % of issued No. of shares and paid-up No. of
acquired by share Purchase Shares OWG capital eonsideration issued RM 524,000 1,048,0001 50.00
Do<, ~” ‘”~;IKeong Datin Chew Lean 524,000 1,048,0001 50.00
Hong I 2 100.00 1,048,000 2,096,000 ~
The purchase consideration of RM I,048,000 for the Acquisition of Only Mee was arrived at on a “willing-buyer willing-seller” basis after taking into consideration the audited NA of Only Mee as at 31 December 2012 of RMI,047,203. The Acquisition of Only Mee was completed on 24 March 2014. 5.5.1.8 Acquisition of Pedas Hot Spring The Acquisition of Pedas Hot Spring entails the acquisition of 98.75% of the issued and paid-up share capital of Pedas Hot Spring comprising 3,950,000 Pedas Hot Spring Shares for a purchase consideration of RM5,704,747, satisfied by the issuance of 11,409.494 new Shares. The vendors of Pedas Hot Spring, the number of Pedas Hot Spring Shares that were acquired by OWG and the number of new Shares that were issued to them pursuant to the Acquisition of Peclas Hot Spring are disclosed as follows: No. of shares and pllid-up No. of llcqnired by share Purchllse Shares
OWG capital consideration RM
.———–. Dato’ Koh Cheng 3,468.000 86.70 5,008,623 ~:I

Keong Datin Chew Lean 482,000 12.05 696,124 1,392,248
Hong _ …__._-1–…._­98.753.950,000 5,704,747 -“—‘-~ ­–….­
I 5. INFORMAnON ON OUR GROUP (Colll’d) The purchase consideration of RM5,704,747 for the Acquisition of Pedas Hot Spring was arrived at on a “willing-buyer willing-seller” basis after taking into consideration 98.75% of the audited NA of Pedas Hot Spring as at 31 December 2012, which amounted to RM5,704,625. The total audited NA ofPedas Hot Spring as at 31 December 2012 is RM5,776,835. The Acquisition ofPcdas Hot Spring was completed on 24 March 2014. 5.5.1.9 Acquisition of Platinum Attractions Group The Acquisition of Platinum Attractions Group entails the acquisition of the entire issued and paid-up share capital of Platinum Attractions comprising 1,000,000 Platinum Attractions Shares for a purchase consideration of RM34,928,000, satisfied by the issuance of 69,856,000 new Shares. The vendors of Platinum Attractions, the number of Platinum Attractions Shares that were acquired by OWG and the number of new Shares that were issued to them pursuant to the Acquisition of Platinum Attractions Group are disclosed as follows: % of issued and paid~upNo. of shares No. of I
shareacquired by Purchase OWG capital consideration “””,issued RM
f—­90.00 31,435,200 62,870,400
D,”‘ “”,. e>_, I ‘0000’ Keong 10.00Datin Chew Lean 100,000 3,492,800 6,985,600 I-long i 1,000,000
100.00 34,928,000 69,856,000
I~­The purchase consideration of RM34,928,000 for the Acquisition of Platinum Attractions Group was mTived at on a “willing-buyer willing­seller” basis after taking into consideration the consolidated NA of the Platinum Attractions Group prepared by the management of Platinum Attractions as at 31 December 2012 of RM34,927,694. The consolidated NA of the Platinum Attractions Group was derived after totalling the respective audited NA of Platinum Attractions and Platinum Paradise as at 31 December 2012 of RM5,726,649 and RM29,301,629, less the elimination adjustment, comprising of the cost of investment in Platinum Paradise of RM 100,584. The Acquisition of Platinum Attractions Group was completed on 24 March 2014. 5. INFORMATION ON OUR GROUP (Cont’d) 5.5.1.10 Acquisition of The Wet World The Acquisition of The Wet World entails the acquisition of the entire issued and paid-up share capital of The Wet World comprising 500.002 The Wet World Shares for a purchase consideration of RMI,113,000. satisfied by the issuance of2,226.000 new Shares. The vendors of The Wet World, the number of The Wet World Shares that were acquired by OWG and the number of new Shares that were issued to them pursuant to the Acquisition of The Wet World are disclosed as follows: % of issued  No. of shares  and paid-up  No. of  acquired by  share  Purchase  Shares  OWG  caPitalj conSidera:  issued  Data’ Koh Cheng  250,001  50.00  556,500  1.113,000  Keong  Datin Chew Lean  250,001  50.00  556.500  1,113,000  Hong  500,002  100.00  1,113,000  2,226,000  ——–..J
The purchase consideration of RM 1,1 13,000 for the Aequisition of The Wet World was aITived at on a “willing-buyer willing-seller” basis after taking into consideration the audited NA of The Wet World as at 31 December 2012 ofRM1,112,323. The Acquisition ofThe Wet World was completed on 24 March 2014.
5.5.2 IPO In conjunction with our Listing, we will undertake a public issue of 56,408,900 new Shares representing approximately 30.49% of our enlarged issued and paid-up share capital at our IPO Price which will be allocated in the following manner: 5.5.2.1 Malaysian Public 9,250,000 Public Issue Shares, representing 5.00(Yo of our enlarged issued and paid-up share capital will be made available for application by the Malaysian Public to be allocated via balloting. of whieh 50.00% will be set ([side for the Bumi.putcra Public. 5.5.2.2 Eligible Directors, Employees and Other Persons who have Contributed to the Success of Our Group 4,000,000 Public Issue Shares, representing approximately 2.16% of our enlarged issued and paid-up share capital will be made available for application by the eligible Directors, employees and other persons who have contributed to the success of our Group. 5. INFORMATION ON OUR GROUP (Cont’d) 5.5.2.3 Bumiputera Investors Approved by MITI 18,500,000 Public Issue Shares, representing 10.00% of our enlarged issued and paid-up share capital will be made available for application by way of private placement to Bumiputera Investors approved by MIT!. 5.5.2.4 Seleeted Investors by way of Private Plaeement 24,658,900 Public Issue Shares, representing approximately 13.33% of our enlarged issued and paid-up share capital will be made available for application by way of private placement to selected investors.
5.5.3 Share Transfer Upon completion of our 11’0, the Promoters, namely Dato’ Koh Cheng Keong and Datin Chew Lean Hong will hold an aggregate of 127,794,698 Shares. During the prescription period, the Promoters will transfer 127,794,698 Shares to a private holding company, namely Rich Dad at a consideration of RM63,897,349, to be satisfied partly by the issuance of 99,900 Rich Dad Shares to be issued at par and the remaining balance consideration of RM63,797,449 will remain as an amount owing from Rich Dad to the Promoters. Further details of the Share Transfer are set out below: Before the Share Transfer After the Share Transfer  No. of No. of Shares held Shares held No. of after the % of the after our Shares to be Share enlarged Shareholders IPQ transferred Transfer share capital  Data’ Kah Cheng Keong 107,684,688 107,684,688 — Datin Chew Lean Hong 20,110,010 20,110,010 — Rich Dad –127,794,698 69.08  127,794,698 127,794,698 127,794,698 69.08
The existing shareholders’ shareholdings in Rich Dad and the indirect interest ofDato’ Koh Cheng Keong and Datin Chew Lean Hong in OWG after the Share Transfer will be as follows: Shareholders  Direct interest in Rich Dad  Indirect interest in OWG  No. of Shares  %  No. of Shares  %  Data’ Kah Cheng Keang Datin Chew Lean Hong Khaang Wai Yee ) Tan Thinn Chai  80,000 19,998 1 1  80.00 20.00 # #  127,794,698′ 127,794,698′ -A -A N/A  69.08 69.08 — 100,000  100.00  N/A
pmpany No.: 1033338-K I 5. INFORMAnON ON OUR GROUP (Co/lt’d) Noles:  •  Deemed interested by vir/lie a/his / her direct interest in Rich Dad, pursuant to Section 6A ofthe Act,  #  Negligible.  Pursuml1 to the Share Transfer, Khoong Wai Yee and Tan Thian Cha; are no! deemed to have an interest in OWG os their shareholding in Rich Dad will be less (haJJ i5.DO%, pursuant to Section 6A ofthe Acl.  5.5.3.1  Information on Rich Dad  Rich Dad was incorporated in Malaysia under the Act on 24 July 1996 as a private limited company.  As at the LPD, Rich Dad has an authorised share capital of RM 100,000 comprising 100,000 Rich Dad Shares. The present issued and paid-up share capital ofRich Dad is RMIOO comprising 100 Rich Dad Shares.  Rich Dad is an investment holding company. The current directors of Rich Dad are Dato’ Koh Cheng Keong and Datin Chew Lean Hong.  As at the company.  LPD,  Rich  Dad  does  not  have  any  subsidiary  or  associated  The existing shareholders’ shareholdings in Rich Dad are as follows:
I  Direct interest in Rich Dad  Existing shareholders  No. of shares held in Rich Dad  %  Dato’ Koh Cheng Keong  90  90.00  Datin Chew Lean Hong  8  8.00  Khoong Wai Vee  I  1.00  I TOl._I Tan Thian Chai  L­ ‘_0-l0t ‘00.00 I I 1.00

5.5.4 Listing Upon completion of the abovementioned exercises, we shall seek the listing of and quotation for our enlarged issued and paid-up share capital of RM92,SOO,OOO comprising 185,000,000 Shares on the Main Market. 6. BUSINESS OVERVIEW 6.1 Business Model, Competitive Advantages and Key Strengths 6.1.1 Business Model Our business model is depicted in the figure below:
Compcttthc Advnnlagl:~ , ‘lOU Key SIl”tmgLhs Own Brnnd Names  Cc:ntrali’ed KitGhen Facility TO Support Our Food Service Op=tiDrlS  In-House R&D Centre .nd Test Kil<hen  E~periClleed Manag””‘ent Team  C’p”bilily <0 Develop  Our CentnHged Kilchen  Our Di.tin,tive WR<er  Proprielllry Recipes  New Menus .nd  Faeili!)’ Has Oblnined  Rid…t Wei World  Recipes  Halal Cenifieadon  W.~ Amusement Park>  Est.bli.bed and E~p,:rienced War… Amusement Pad< Operator  Our Food S…..,ke Oulle~ “‘” lntegml <0 Other AII”,ct[ooo

6.1.2 Business Focus We arc focused on providing leisure and hospitality services incorporating the operation of food service outlets, water amusement parks and family attractions. We together with third parties engaged by our Group also manage retail outlets that provide other consumer products and services namely, souvenir imaging services, beautification, healthcare and wcllness services, children entertainment services and sports activities. Our food service outlets are largely integrated with various types of amusement parks, family altt’actions and shopping areas. However, not all amusement parks, family attractions and shopping areas are operated or owned by us.
6.1.3 Revenue Streams As at the LPD, our revenue are derived mainly from twenty five (25) food service outlets operating under our Own brands and two (2) food service outlets operating under a tbird party brand, namely Marrybrown. Our hfanyb/’Owl1 outlets are operating under a franchise agreement with Marrybrown Sdn Bhd (formerly known as Marrybrown Fried Chicken Sdn Bhd). For the FYE 30 June 2014, our food service operations accounted for 71.36% of our Group’s total revenue. 6. BUSINESS OVERVIEW (Cont’d) The ensuing table sets out the details of our food service outlets as at the LPD: Outlets Own brand names:
· · J Meter Teh · eastcourt EASY STORE • HERE · • HOT POT jR CURRY · • Noodle & Lok Lok Market Food Street • Only Easy Store · • OnlyMee QiQi · • QiQi Taiwan Cuisine QiQi Taiwan Snacks · RICHDAD · • ShonghoiIO OnlyMee
• The FOOD tree
• RICHDAD

· RICHDAD ~’IYMee Sub-total Third party brand “ames:
· Manybrown Grand total Note: No. of outlets I 2 1 1 1 1 1 2 1 1 1 1 1 2 1 1 1 I 1 1 1 1 25 2 27 Geographical location Genting Highlands I (i) SACC Mall, Shah Alam, Selangor Darni Ehsan (ii) Wet World Water Park Shoh Alam, Selangor Darn! Ehsan Corporate office, Shah Alam, Selangor Daml Ehsan Wet World Air Panas Pedas Resort, Negeri SembiIan Darn! Khusus (i) Wet World Bafu Pahat Village Resort, Johor Daml Takzim
(ii) Kola Tinggi Waterfalls Resort, Johor Darul Takzim

Kuching Intemational Airport, Sarawak Genting Highlands Approximate  area  577 sq. ft.  6,127 sq. ft’  513 sq. ft’  12,020 sq. ft.’  3,023 sq. ft.  3,659 sq. ft.  250 sq.ft.’  160 sq. ft’  644 sq. ft’  1,022 sq. ft.  130 sq.ft’  1,967 sq. ft.  920 sq. ft.  841 sq. ft.’  2,190 sq. ft.  1,251 sq. ft.  144 sq. ft.  1,036 sq. ft.  ,  400 sq. ft.  227 sq. ft.  1,680 sq. ft.  2,479 sq. ft.
7,498 sq. ft.”

 

# As mentioned in Section 6.2.5 of this ProspecTus, as at the date hereof, the landlord and Olir Group are still in the midst offinalising the terms ofthe tenancyagreemenrs of (he respective food ser\.Jice outlets as a result of the Upgrading & Development Works. -73 ­6. BUSINESS OVERVIEW (Conl’d) In addition to the above, water amusement parks and family attractions that we operate accounted for 16.35% of our Group’s total revenue for the FYE 30 June 2014, where the three (3) water amusement parks under the Wet World brand name accounted for 12.41 % and two (2) family attractions, namely RIPLEY’S Believe It or Not and HA UNTED ADVENTURE accounted for 3.94% of our total revenue for the FYE 30 June 2014. Revenue from retail outlets that provide other services such as souvenir imagmg services, a resort, beautification, healtbcare and wellness services and children entertainment services accounted for 12.29% of our total revenue for the FYE 30 June 2014. 6.1.4 Competitive Advantages and Key Strengths Our competitive advantages and key strengths are important in sustaining our business and providing our Group with future growth opportunities. (a) Own Brand Names As at the LPD, our Group operates twenty five (25) food service outlets under our sixteen (16) own brand names, as detailed in Section 6.1.3 of this Prospectus. In addition, we also own the Wet World brand which is used in all our three (3) water amusement parks. Our own brand names represent our key strength as we will be able to maximise our brand equity without the need to pay third party royalties and at the same time open or launch new food service outlets and / or water amusement parks without any constraints. Shah Alam. Srlangar Duul Ehsan • “,,, World 1I00″r Pork I Slml,AI”m • 3 food ser”iee ollliel.’ UuJdm Pfflas, ‘Ii<>grrl S.mbllan Da,rul K!Jusus • ‘Ji>t lIodd Air 1’0110.’ P~dfL’ Ra.ort • I food sen,ioe ollllel Iblu Pah.I• .tohor Qarul Iakzim • net norM BUI” Palw, filing. ReSO,’1 • I l00J ….”i”e oUllel GenUng IIIRblands • IS rood sCJ\’ice ollllcls KoIO Tlnggl, Jahor DOI’UI TakLin• • Kmtl Ti1lggi flt’II’>:fall., Resort •I fQ~d .cr.’icc (lullel Map of Malaysia showing the locations of our own brand food service outlets, water amusement parks and a resort I 6. BUSINESS OVERVIEW (Conl’d) (b)
(c)

These brands also provide us with the platform to build brand equity and create brand loyalty, which is an important factor in promoting business sustainability and growth. Further, these brand names provide the basis for our future plans to expand our food service outlets and water amusement parks. Centralised Kitchen Facility to Support Our Food Service Operations We have a centralised kitchen facility IDeated at our corporate office in Shah Alam, Selangor Daml Ehsan, which supports our food service operations. OUf centralised kitchen facility serves as a centralised centre for aetivities such as procurement, food preparation, packing and storage. OUf centralised kitchen facility prepares most of the food items such as groceries, cooked frozen food, partially cooked frozen food, pastries, spices, sauees and soup bases that are served at our Only Mee food service outlets in SACC Mall and our Wet World Waler Park Shah Alam, SeJangor Daml Ehsan, RICHDAD food serviee outlets in our Wet World Air Panas Pedas Resort, Negeri Sembilan Darul Khusus, Wet World Balu Pahat Village Resorl and Kota Tinggi Waterfalls Resorl, Johor Dam! Takzim. Further, the abovementioned food items would also be distributed to our food service outlets at First World Plaza, First World Hate! and Genting Hotel in Genting Highlands. In addition to the preparation of food items, our centralised kitchen facility also serves as the central purchasing, storage and distribution centre for items such as canned and bottled beverages, cutlery and consumables such as paper napkins, disposable containers and utensils. As an assurance of our product quality, we have obtained the following food safety management systems certifications and other certifications for our centralised kitchen facility: GMP Codex Alimentarius certification; HACCP Codex Alimentarius certification; ISO 22000:2005 Food Safety Management Systems certification; and MS 1500:2009 Hala! Certification of Authentication. Our centralised kitchen facility is our key strength as it allows us to centrally monitor and manage all aspects of food preparation, thereby increasing food safety and ensuring consistent food quality. Centralised procurement also allows us to purchase food items and ingredients in bulk, which helps to secure better purchase terms from our suppliers. In-House R&D Centre and Test Kitchen We have an in-house R&D centre and a test kitchen located at our corporate office in Shah Alam, Selangor Darnl Ehsan, which is currently being used by onc of our food service outlets. namely The FOOD tree. The in-house R&D facility enables our Group to conduct in-house R&D activities to develop new F&B recipes and to enrich as well as improve OUT existing recipes. For example, our R&D centre and test kitchen are currently working to develop a method of preparing frozen pre-cooked rice for our nasi lemak and chicken rice dishes. -75 ­6. BUSINESS OVERVIEW (Colll’d) (d)
(e)

New F&B recipes are tested at The FOOD Iree, where they are usually introduced as promotional items, to obtain customers’ feedback. Once customers’ feedbacks have been obtained, the recipes arc then improved before they are launched at our respective food service outlets. We are not reliant on third parties to calTY out R&D to develop new F&B recipes and to improve our existing recipes as our in-house R&D centre and test kitchen provides us with the facilities to carry them out internally. The ability to undertake in-house R&D activities is important as it allows our Group to respond faster to changing consumer preferences and new market developments. Experienced Management Team Our Group is led by an experienced management team. Our Managing Director / Group Chief Executive Officer, Dato’ Koh Cheng Keong, and our Executive Director / Group Chief Operating Officer, Datin Chew Lean Hong, have led our Group since its establishment in 1984. Their experience, drive and passion for our business have been instrumental to our Group’s success to date, and they have played an important role in the growth and development of our Group. They have conceptualised and executed the strategies that have led our Group to its current situation. Our Managing Director / Group Chief Executive Officer and Executive Director / Group Chief Operating Officer are supported by our key management team. Our key management team comprises individuals with experience in operating food service outlets, water amusement parks and family attractions, law and accounting and finance. Our experienced management team is a key strength that has contributed towards the development of our Group to date, and which will provide the basis for business growth moving forward. Proprietary Recipes Through our Group’s in-house R&D activities, all of the dIShes that are currently being served at our food service outlets have been developed internally and are proprietary to our Group with the exception of Marrybrown. \Ye have internally developed the means of producing food items on a commercial scale for sale at our food service outlets that is consistent in taste and which can be stored for a period of time without loss in freshness. We have also created food and beverage items, such as a Taiwanese steamed folded bun with meat and savory fillings, honey lemon green tea and honey cucumber beverages. We protect our rights to our proprietary recipes by controlling access to the recipes. Copies of the recipes are kept under lock and key at our COlporate office and are only accessible by authorised personneL Our proprietary recipes are a competitive advantage as we can freely carry out product developments and enhancement to ensure that we continue to meet the needs and tastes of consumers. In addition, we arc not reliant on or restricted by any principals for the continuing operations ancl future development of our own brand of food service outlets. -76 ­r:cmn;any No.: I033338-K I 6. BUSINESS OVERVIEW (Conl’d) (I) (g) Capability to Develop New Menus and Recipes We have the capabilities to iutemally develop new menus by packaging a group of F&B items, which possess a unifying theme into a menu and develop the recipes for new F&B items through our in-house R&D activities such as our recently developed durian dishes, where we use the durian fruit as the new theme for our menu. We have managed to develop our own recipes based on the durian fruit through our in-house product development activities and have introduced new F&B items comprising of durian fried rice, durian steamed egg pudding and durian coffee. The other new F&B items, which we have previously introduced comprised of the following: (i) our own Taiwanese steamed folded bun, where the filling is developed based on our own recipes of chieken soup, preserved vegetables and marinated chicken meat; (ii) honey lemon cucumber beverage, where the ratio of the ingredients contained in the beverage as well as the taste are developed through our in-house product development activities; and (iii) other F&B items, which include amongst others, our La Mian with Chef Special Sauce, Delicious Prince Noodle Soup, Oyster Harmonie, Triple Fried Rice with Chef Special Soup, Ayam Percik Set, Teow Chew Porridge, Japanese Bento Set, Penang White Curry and Banana Leaf, where all the paste, sauce as well as the ratio of ingredients are based on our own recipes. OUf Group’s ability to develop new menus and recipes internally is a competitive advantage as it allows our Group to address changing consumer tastes and preferences as well as to cater for our Group’s future expansion in terms of developing new food service outlets or its own new brands. Further, it gives us a competitive edge as compared to franchised food service outlets, particularly where the principals are overseas, that do not have the flexibility to promptly create new menus and recipes to meet local emerging trends and changing consumer preferences and tastes. By developing new menus and recipes, we are able to retain our existing customers as well as attract new customers. Our Centralised Kitchen Facility Has Obtained Halal Certification Our Group, through KCK has obtained Halal celtification from Jabatan Kemajuan Islam Malaysia (JAKIM) for specified food items, which include amongst others, beef and chicken marinated with sauces such as BBQ, black pepper and sambal, cooked lamb kebab, La Mian noodle, cooked chef special sauce, durian pancake, jade dumpling, ginseng abalone soup mix, chicken biryani and chicken lasagna, prepared at our centralised kitchen facility. With the Halal certification for our centralised kitchen facility, we are able to embark on a programme to obtain Halal celtit1cation for our food service outlets such as Only Mee outlet at SACC Mall and The FOOD Iree, Shah Alam, Sclangor Daml Ehsan. -77­6. BUSINESS OVERVIEW (Cont’d) Further, the possession of Halal certification is likely to increase the appeal of our food service outlets to Muslim patrons. As at December 2013, there were approximately 3,200 food premises comprising mainly of food service outlets and other food premises such as hotel kitchens and other food preparation areas in Malaysia that possessed valid Halal certificate issued by JAKIM (Source: JAKIM). In comparison, there were 145,320 food and beverage services establishments in Malaysia in 2010 which is based on the most recent available data. Between 2001 and 2010, the number of food and beverage service establishments increased at an AAGR of 6.5% (Source: IMR Report). Assuming that the number of establishments grew at the same AAGR between 2010 and 2013, it is estimated that there are approximately 176,000 food and beverage service establishments in Malaysia in 2013. Hence, food premises with valid Halal certificates issued by JAKIM represent 1.8% of food and beverage service establishments in Malaysia in 2013 (Source: Vital Factor Consulting Sdn Bhd). Pursuant to the above, the Halal certification for our centralised kitchen facility is important as it facilitates us in procuring the Halar certification for our other food service outlets and allows us to address a wider target market, which requires assurance that the selected food items are prepared in a Halal manner. In 2012, there were 14.8 million Malays, which represented 54.8% of the total population in Malaysia (Source: IMR Report). As such, food service outlets that have obtained Halal certification such as ours, will be able to address an additional market segment that represents more than half of Malaysia’s population. (h) Our Distinctive Water Rides at Wet World Water Amusement Parks Our Group currently operates three (3) water amusement parks under our own brand Wet World, namely Wet World Water Park Shah Alam in Selangor Darul Ehsan, Wet World Air Panas Pedas Resort in Negeri Sembilan Darul Khusus and Wet World Balli Pahat Village Resort in Johor Darul Takzim. Our water amusement parks are known for its distinctive water rides, some which include: Monsoon Buster Adventure, where riders in one-person or two­person tubes first descend on a multi-tier water slide, and are then propelled uphill along an upwardly-inclining slide by a powerful jet of water in a seemingly gravity defying manner; Super Hurricane, which is a water ride where riders travel down a water slide, which brings them into the interior of a bowl where they circle several times before exiting through another water slide; Caribbean Rider, where riders are carried along (In open air channel into a large pool while seated in one-person or two-person tubes; Thunder River, is a water ride featuring a vertical lift system, where riders will experience a chute-style drop, along with a whirlpool feature; Lazy River, a slow-moving watercourse that riders in one-person or two-person tubes float down at a leisurely pace; 6. BUSINESS OVERVIEW (Cont’d) Tower Slide, where riders travel down an opellRair water slide from the top of a tower; Big Splash, a large water slide where riders slide down into a pool; and BP Tower, where riders in one-person or two-person tubes descend along a semi-enclosed tube, Our water rides are considered a competitive advantage as they are individually unique in its own way and serves as the main attractions to our Group’s water amusement parks. (i) Established and Experienced Water Amusement Park Operator Our Group, having opened our first (l ~t) water amusement park, Wet World Water Park Shah Alam in Selangor Darnl Ehsan in 1996, is an established water amusement park operator with approximately eighteen (18) years of experience. We have hands-on experience relating to all aspects of water amusement park operations, from initial design and concepnlalisation, to day-ta-day operations, maintenance and safety. Our Group can leverage on our established track record as a platform to secure new customers for both the development and operation ofnew water amusement parks. (j) Our Food Service Outlets Are Integral to Other Attractions While we derive the majority of our revenue from our food service operations, most of our food service outlets are integrated with various types of amusement parks, family attractions and shopping areas. However, not all amusement parks, family attractions and shopping areas are operated or owned by us. This integrated approach provides us with a competitive advantage as our potential customer base is much larger because of the various activities and attractions that collectively draw a larger crowd. This strategy of integrating our food service outlets to a much larger activity base provides us with critical mass to sustain and grow our business as compared to being standalone food service outlets. To some extent, this approach also enables us to service a captive market that has sufficient attractions and activities to extend visitors’ stay in the area. 6. BUSINESS OVERVIEW (Cont’d) 6.2 Business Activities
Family Attrllctions Our Group is principally the providers of leisure and hospitality services incorporating the operation of food service outlets, water amusement parks and family attractions. For the FYE 30 June 2014, our food service operations accounted for 71.36% of our Group’s total revenue, followed by our water amusement parks and family attractions operations of 16.35% and our other services of 12.29%. 6.2.1 Food Service Operations (a) Overview As at the LPD, we currently operate twenty seven (27) food service outlets serving a variety of cuisines which are operating under our own brand names and a third party brand. In most situations, our food service outlets are integrated with various types of amusement parks, family attractions and shopping areas. We operate twenty five (25) food service outlets under the following own brand names: • 1 Meter Teh • Only Easy Store
• eastcour! • Only Mee
• EASY STORE • QiQi
• HERE • QiQi Taiwan Cuisine HOTFOT • QiQi Taiwan Snacks
• .iR CURRY • RICHDAD
• Noodle & Lok Lok • Shanghai 10
• Market Food Street The FOOD tree

In addition to the above, we operate two (2) Marrybrown outlets uncicl’ a thirci party brand. Our food service operations are supported by our centralised kitchen facility, which is located at am corporate office in Shah Alam, SeJangor Dam] Ehsan. The centralised kitchen facility houses our R&D centre anci test kitchen, where we develop ncw dishes, enrich and lluprovc ow existing recipes. -80 . 6. BUSINESS OVERVIEW (Cont’d) (b) Food Service Outlets As at the LPD, our Group operates a total of twenty seven (27) food service outlets, which are summarised as follows: No. of Year Type of cuisine or Brand name outletsName Location o ened outlet
Noodle & First World 2002 Serves Hakka-style
LokLok Hotel, Genting noodles based dishes Highlands and a variant of hot pot meal with skewered food from seafood, meats to vegetables.

eastcourt 2 First World 2002 ! Chinese CUISIne, Plaza and 2007 focusing on soups and Genting Hotel, dishes prepared with Genting traditional herbs and Highlands ingredients.

Shanghai 10 First World 2002 Shanghainese CUISine, Plaza, Genting particularly dim sum Highlands style dishes comprising small portions of food.
jRCURRY First World 2003 Curries and eurry-based Plaza, Genting dishes. Highlands HOT POT First World 2005 Chinese CUISine with Plaza, Genting steamboat-style dishes. Highlands Market Food 2 First World 2005 ! Modelled after a market Street Plaza, Genting 2014 with street food stalls Highlands serving Asian cuisine. 11J:t.1i~rm~~tiIi:i}IOnly Easy First World 2005 Snacks, finger food, ,~ Store Plaza, Genting light meals and Highlands beverages.
6. BUSINESS OVERVIEW (Cont’d) Brand name  Name  No. of outlets  Location  Year oDened  Type outlet traditions, Chinese, Local Malaysian coneept and soft pOITidge, breakfast deserts.  –­ Only Mee  2  First World Plaza, Genting Highlands  2005  SACC Mall, Shah Alam, Selangor Darul Ehsan  2005  OnlyMee  1 1  Kuehing International Airport, Sarawak  2006 .’f’!’: {‘J:1~A-~. m\~ ‘” m ~ •., ~  Wet World Water Park Shah Alam, Selangor Darul Ehsan  2012  1 Meter Teh  1  First World Plaza, Genting Highlands  2008  R1CHDAD  2 1 1 1  Grand Genting Hotel and First World Plaza, Genting Highlands  2009/ 2014  Kota Tinggi Waterfalls Resort, .Iohor Darul Takzim  2013  Wet World Air Panas Pedas Resort, Ncgeri Sembilan Darul Khusus  2013  Wet World Batu Pahat Village Resort, .lohar Darul Tazkim  2013
of cuisine or Noodle-based dishes from a range of culinary including Indian and Malay cuisines. ..CUlSlfle, light meals and beverages. coffee shop offering toast cooked eggs, western style and Asian
6. BUSINESS OVERVIEW (Cont’d)
No. of outlets  Location  Year opened  Type of outlet  t  Corporate offiee, Shah Alam, Selangor Darul Ehsan  2010  own Only Mee,  1  Genting Hotel, Genting Highlands  2012  I  First World Plaza, Genting Highlands  2013  Taiwanese Snacks, light beverages. Quick restaurant as burgers fries.  1  Genting Hotel, GenUng Highlands  2013  1  Genting Grand Hotel, Genting Highlands  2014  I  Genting Grand Hotel, Genting Highlands  2014  2  Genting Grand Hotel and First World Plaza, Genting Highlands  1999/ 2005
cuisine or Name The FOOD Serves F&B under our
tree brands, namely RICHDAD and Shanghai 10.
HERE International euisines.
QiQi Taiwan Taiwanese cuisine.
Cuisine QiQi Taiwan euisine
Snacks (snacks and beverages).
QiQi Fresh fruit juice bar
EASY STORE finger food, meals and
Marrybrown* service focusing on fried chicken and other types of fast food, such and french
Note: Third party brand. In addition, we have developed a range of bubble tea beverages under our in-house poppin passion brand. These bubble tea beverages are sold at our Market Food Street and RlCHDAD food service outlets located at First World Plaza, Genting Highlands. Each of our food service outlets are equipped with individual kitchens and food preparation facilities, and have the capability to prepare the food and beverge items that are on their menus on-premise. -83 ­6. BUSINESS OVERVIEW (Cont’d) Some of the food service outlets operating under our own brands names are as follows:
1 Meter Tell enstcourt
EASY STORE HERE
HOT POT jRCURRY 6. BUSINESS OVERVIEW (Cont’d)
Market Food Street Only Easy Store
OnlyMee QiQi
QiQi Taiwan Cuisine QiQi Taiwan S”acks 6. BUSINESS OVERVIEW (Cont’d)
RlCHDAD Silallgllai]O
The FOOD tree I THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK I 6. BUSINESS OVERVIEW (Cont’d) (c) Operations Complement Our Water Amusement Parks Our food service operations complement our water amusement parks and resorts. We have opened several of our own brand food service outlets at our Wet World water amusement parks and the Kota Tinggi Waterfalls Resort, which are summarised as follows: Our food service
Brand name Location outlets

Wet World Water Park Shah Alam, OnlyMee
Selangor Darul Ehsan Wet World Air Panas Pedas Resort, RlCHDAD
Negeri Sembi Ian Darul Khusus Wet World Batu Pahal Village Resort, RlCHDAD
lahar Darul Takzim
Kota Tinggi Wate~falls Resort, RlCHDAD
.lahar Darul Takzim As the brand owner, we are able to open and operate our own brands’ food service outlets at our water amusement parks and resort. We have the ability to develop menus that are suited to each water amusement park and resort, giving visitors a wide range of F&B options. Operating our own food service outlets at our water amusement parks and resort also allows us to derive additional revenue streams from spending by visitors in these locations. (d) Centralised Kitchen Facility Our food services operations are supported by our centralised kitchen facility located at our corporate office in Shah Alam, Selangor Darnl Ehsan. In addition, we operate a centralised food storage area at First World Plaza, Genting Highlands. (i) Centralised Kitchen Facility in Shah Alam, Selangor Darul Ehsan The activities carried out by our centralised kitchen facility include: Provision of centralised procurement and storage for ingredients, packaged food and consumables; Preparing, pre-cooking, packing and blast freezing or blast chilling (where appropriate) fully cooked food, (such as chicken barbeque), partially cooked food (such as dimsum items), sauces, soup bases and other food items; Preparing, mixing, grinding and packing dry food items such as spice mixes, noodle flour mixes, powdered tea leaf and coffee; and -87 ­6. BUSINESS OVERVIEW (Cont’d) Provision of controlled storage of pre-cooked and packed food  items  and  sauces  prior  to  delivery  to  individual  outlets.  Blast freezing  and  blast  chilling  involves  bringing  down  the
temperature of food items immediately after cooking as a means of food preservation. In blast freezing, the temperature of the food item is reduced from approximately 90·C to -1 SoC within 120 minutes, while in blast chilling the temperature of the food item is reduced from approximately 90·C to 3·C or below within 120 minutes. Blast freezing and blast chilling can help to extend a food item’s storage life and freshness. As at the LPD, our centralised kitchen facility possesses the following food safety management systems certification and other certifications: GMP Codex Alimentarius certification; HACCP Codex Alimentarius certification; ISO 22000:2005 Food Safety Management Systems certification; and MS 1500:2009 HaJal CertifIcation of Authentication. The general flow of goods through our centralised kitchen facility is summarised in the following diagram: Third-party Supplier Centralised Kitchen Storage PreparationFacility
Pre-delIvery
Food Service Outlets Delivery Slorage

Goods are delivered to our centralised kitchen facility by our third­party suppliers and placed in the appropriate storage. The centralised kitchen facility prepares most of the food items such as groceries, cooked frozen food, partiaJ]y cooked frozen food, pastries, spices, sauces and soup bases that we serve at the following locations: Only Mee food service outlet at SACC Mall; Fooel service outlet at Wet World Water Park Shah Alam, namely Only Mee; Food serVLce outlet at Wet World Air Panas Pedas Resort, namely R/CHDAD; Food service outlet at WeI World Batl( Pahat Village Resort, namely RIClJDAD; and 6. BUSINESS OVERVIEW (Con/’d) Food service outlet at Kota Tinggi Waterfalls Resort, namely RlCHDAD. The centralised kitchen facility also supports the food service outlets at the above locations by serving as the central purchasing, storage and distribution centre for items such as canned and bottled beverages, utensils and cutlery, and consumables such as paper napkins, disposable containers and utensils. Our centralised kitchen facility also supports, to a limited extent, our food service outlets at First World Plaza, Genting Hotel, Theme Park Hotel and the Outdoor Theme Park by providing food items such as partially cooked frozen food, pastries, soup bases, spices and sauces. As at the LPD, between 30% and 40% of such items are supplied by our centralised kitehen facility to these food service oulets. OUf centralised kitchen facility does not supply our food service outlets with perishables such as fresh vegetables, which are delivered directly to our food service outlets by third party suppliers. The benefits of using prepared food items supplied by our centralised kitchen facility include: Better control ovcr the quality, consistency and freshness of food items served at our outlets; Reducing the manpower required at our outlets as less preparation is needed; Improving shelf life, enabling food items to be stored longer; Simplifying the cooking and storage equipment and facilities required at our outlets. In light of these benefits, we are continuously evaluating and developing methods to increase the proportion of food items prepared and supplied by our centralised kitchen facility. In addition to food preparation and storage, our centralised kitchen £’lcility incorporates our R&D centre and test kitchen where we carty out food related product development. Our Group’s quality control staffs, who are based at our centralised kitchen facility, also perform periodic checks of our individual food service outlets. This is to ensure that our outlets comply with our quality and food safety management standards. I 6. BUSINESS OVERVIEW (Collt’d) (ii) Centralised Food Storage Area at First World Plaza We currently operate a centralised food storage facility at First World Plaza to support our food service outlets at First World Plaza, Genting Hotel, Theme Park Hotel and the Outdoor Theme Park in Genting Highlands. Deliveries from our centralised kitchen facility and other third party suppliers are made to this centralised food storage facility, where food and other items are stored before onward delivery to individual food service outlets as and when they are required. 6.2.2 Water Amusement Parks and Family Altractions Ca) Water Amusement Parks We are the owner of the Wet World brand used at our water amusement parks. In 2000, The Wet World registered Wet World as a franchise with the Registrar of Franchise, Malaysia. As at the LPD, we have not entered into franchise agreements with third parties in relation to our Wet World franchise. We currently operate three (3) Wet Wor/dwater amusement parks namely: Wet World Water Park Shah A/am; Wet Wor/dAir Panas Pedas Resort; and Wet World Batll Pahat Vii/age Resort. Families are the main target market for our water amusement parks, and the park layout and rides are designed to provide family members of all age groups with entertaining activities. We positioned our water amusement parks as neighbourhood water amusement parks that are designed to encourage multiple visits by the whole family throughout the course of the year. The features that we have built into our water. all)usement parks to promote repeated visits include: Affordable entrance fees; Locations close to cities and urban areas; and Compact layout so that visits can be completed within a day. The water rides, attractions and facilities at our water amusement parks are designed to be fun, engaging and eompelliug so as to provide high play value to family members of all ages. Most of the rides are watcrwbased with an element of fun and excitement. Our water amusement parks also have a number of “dry” rides, wading pools, activity areas, activities and facilities. We have co-developed and co-designed some of the water-based rides that arc currently installed at our water amusement parks. 6. BUSINESS OVERVIEW (Cont’d) We are supported by some of the other facilities at our water amusement parks including: on-premise F&B options that are operated in-house, which contribute towards our revenue from this business segment; and on-premise retail outlets operate in-house seJJing a range of in-house developed Wei World branded merchandise such as I-shirts, swimming apparel and accessories, children’s floats and toys. The retail outlets also sell items such as beverages, snacks and confectionaries, swimming apparels and accessories as well as toys. We offer promotional group packages for OUf water amusement parks for birlhdays and other events. The packages are normally bundled, which include the water amusement park entrance fee, F&B and other entertainment. We also market our water amusement parks to corporate customers and other organisations as a venue for corporate events, family days, school outings, fund-raising events and other events. (i) Wei World Waler Park Shah A/am Wet World WaleI’ Park Shah Alam, which opened for business in 1996, was our first (1 51) water amusement park. The water amusement park is located in the centre of Shah Alam, Selangor Darul Ehsan, occupying a site approximately six (6) acres in size. The water-based rides al Wei World Waler Park Shah Alam include: Caribbean Rider; Monsoon Buster Adventure; Super Hunicane; and Thunder River. Riders on the Caribbean Rider are calTied along an open air channel into a large pool while seated in one-person or two-person tubes. In the Monsoon Buster Adventure, riders in one-person or two­person tubes first descend on a multi-tier water slide, and are then propelled upwards along a slide by a powerful jel of water in a seemingly gravity defying manner. The Super Hunicane is a water ride where riders travcl down a water slide, which brings them into the interior of a bowl before exiting through another water slide. 6. BUSINESS OVERVIEW (Cont’d) In addition, Wei World Waler Park Shah A/am has a number of wading pools and water slides. Some of the wading pools are equipped with features such as small water slides and floating platforms. The wading pools and water slides include: Atlantis City; Big Splash; Cascading Water Fall; Fountain of Youth; Kiddy Pool; Light House; Neptune Challenge;
Treasure Island; and Tunnel Water Slide. I THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK I 6. BUSINESS OVERVIEW (Cont’d)
Atlantis City Big Splash
Caribbean Rider Cascading Water Fall
Fountain of Youth Kiddy Pool 6. BUSINESS OVERVIEW (Cont’d)
Light House Monsoon Buster Adventure
Neptune Challenge Super Hurricane
Thunder River Tunnel Water Slide 6. BUSINESS OVERVIEW (Cont’d)
Dilly Mee Food Service Outlet In line with our policy to continuously upgrade and improve our Wet World water amusement parks, we are planning a major phase two (2) renovation and upgrading project of Wet World Water Park Shah Alam. We have completed phase one (1) of the project in June 2012, during which we installed the Super Hurricane, Caribbean Rider and Thunder River water-based rides. We also upgraded Wet World Water Park Shah Alam’s main seating and dining area by installing a new canopy and a stage. We also operate an Only Mee food service outlet at Wet World Water Park Shah Alam. As at the LPD, we are planning and designing phase two (2) to further enhance the facilities and amenities provided at Wet World Water Park Shah Alam. (ii) Wet World Air Panas Pedas Resort Wet World Air Panas Pedas Resort opened for business in 1999 and it occupies a site that is approximately 12.5 acres in size. One of our main selling point for the Wet World Air Panas Pedas Resort is the filtered and treated hot spring water that is used at the water amusement park’s tower water slides and pools. The water rides at Wet World Air Panas Pedas Resort include the Tower Slide, Spring Jets, Lazy River, Spa Pool and Spring Valley. The water amusement park also has a Kiddie Pool, Wave Pool and Reflexology Walk. The dry rides at Wet World Air Panas Pedas Resort include a Mini Fun Fair and a Kiddie Ride. 6. BUSINESS OVERVIEW (Coni’d)
Spa Pool Kiddie Pool
Lazy River Tower Slide
Spring Valley Kiddie Ride 6. BUSINESS OVERVIEW (Cont’d)
R/CHDAD Food Service Outlet Riders of the Tower Slide travel down an open-air water slide from the top of tower. The Lazy River is a slow-moving watercourse that riders in one­person or two-person tubes float down at a leisurely pace. We also operate a RlCHDAD food service outlet at Wet World Air Panas Pedas Resort. (iii) Wet World Batu Pahat Village Resort Wet World Baw Pahat Village Resort opened for business in 1999 and occupies approximately 25.0 acres of the land and is adj acent to a lake, measuring approximately 12.9 acres. The water rides at Wet World Batu Pahat Village Resort include: Big Splash; BP Tower; and Lazy River.
6. BUSINESS OVERVIEW (Cont’d)
Big Splash Kiddie Pool
Dinosaur Pool BPTower
Lazy River Wave Pool 6. BUSINESS OVERVIEW (Cont’d)
RICHDAD Food Service Outlet The Big Splash is a large water slide that patrons ride down into a pool. With the BP Tower water ride, riders descend along a semi-enclosed tube in one-person or two-person tubes. Riders of the Lazy River slowly float down the man-made channel in one-person or two-person tubes. We have also developed a number of pools at Wet World Bam Pahat Village Resort, including a Large Wave Pool, Dinosaur Pool, Simulated Beach, Spa Pool and Activity Pool. Visitors to Wet World Batu Pahat Village Resort can also make use of the lake adjacent to our resort, where we provide recreational activities such as swan pedal boat rental, fishing and fish feeding activities. We also operate a RICHDAD food service outlet at Wet World Batu Pahat Village Resort. (b) RIPLEY’S Believe It or Not In 2003, we entered into a franchise agreement with Ripley’s Attractions, Inc. and opened the RIPLEY’S Believe It or Not attraction in First World Plaza, Genting Highlands in the same year. The RIPLEY’S Believe It or Not attraction covers an area of approximately 13,644 sq. ft. The attraction houses and displays a number of original and reproduced items and documents. Pictures, models, interactive displays, video and mannequins dressed in original and reproduced clothing are also put on display. The attraction also includes a “Spinning Tunnel” that creates a sense of disorientation in persons who walk through it. As at the LPD, we have approximately five hundred (500) exhibits on display arranged in eleven (11) themed galleries. Members of the public are charged an entrance fee to enter the exhibition area and view the exhibits. -99­6. BUSINESS OVERVIEW (Conl’d) The RIPLEY’S Believe It or Not attraction operated by our Group is one of only three (3) such attractions operating in Asia as at the LPD (the others are located at Jeju Island, South Korea and Pattaya, Thailand). Globally, there are a total of thirty three (33) RIPLEY’S Believe It or Not attractions operating in nine (9) different countries as at the LPD (including the attraction operated by our Group). The following images illustrate some of the exhibits that are found at our RIPLEY’S Believe It or Not attraction.

 

6. BUSINESS OVERVIEW (Cont’d)
Spinning Tunnel World Luckiest Chair (c) HAUNTED ADVENTURE Our HAUNTED ADVENTURE attraction, which is adjacent to our RIPLEY’S Believe It or Not attraction, was opened in 2003. HAUNTED ADVENTURE covers an area of approximately 7,574 sq. ft. HAUNTED ADVENTURE is a walk-through attraction where the layout, lighting and sound effects, video displays, props and costumed performers are used to create a creepy environment for patrons. The attraction is designed such that patrons will take, on average, ten (10) minutes to walk from the entrance to the exit.
Props and Costumed Performers at our HAUNTED ADVENTURE 6. BUSINESS OVERVIEW (Cont’d) 6.2.3 Other Services (a) Kota Tinggi Waterfalls Resort Kota Tinggi Waterfalls Resort opened for business in 1999. We have developed the resort in natural surroundings next to the Kota Tinggi Waterfall, which is located approximately sixteen (16) kilometre (“KM”) from Kota Tinggi town centre and approximately fifty six (56) KM from Johor Bahru. The resort covers a site that is approximately thirty eight (38) acres in area. We designed and developed the Kola Tinggi Waterfalls Resort’s accommodation and recreational facilities to complement the natural surroundings of the Kota Tinggi waterfall and rapids. We have built paved paths and a platform that allows visitors to view the waterfall and explore parts of the surrounding area. We have also built two (2) water slides, namely the Spiral SLide and the Long Slide, and a swimming pool at the resort. Other recreational facilities in parts of the surrounding area include: Paintball field; and Jungle trekking paths.
Superior Chalets Interior of an Accomodation Room I THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK I 6. BUSINESS OVERVIEW (Cont’d)
Swmming Pool Spiral Slide
Paved Paths and Platform
RlCHDAD Food Service Outlet 6. BUSINESS OVERVIEW (Cont’d) (b) We have developed several types of accommodation at the KOla Tinggi Waterfalls Resort to cater for families, groups and individual travellers. The accommodations currently include: one (1) family chalet suite; eightecn (18) superior chalets; f011y (40) standard hotcl rooms; five (5) dormitories that can accommodatc up to twenty (20) persons; and thil1y (30) camping tents including a camping arca and amenities for guests who prefer to camp outdoors. In 2008, we carried out renovation and upgrading works at the Kota Tinggi Waterfalls Resort, during which we added a total of twenty thrce (23) standard rooms. Kota Tinggi Waterfalls Resort also admits daily visitors, who pay a daily entrance fee and are given access to the resort’s recreational facilities. The F&B options available at Kota Tinggi Wate/falls Resort include the RICHDAD outlet. The Kota Tinggi Waterfalls Resort is also available for social functions such as weddings, parties, corporate events such as meetings, team building events, seminars and as a venue for other activities such as a meditation camp and kid’s boot camp. Jungle Gym Our Group together with third parties engaged by us, first started the Jungle Gym’s operation in May 2010, namely Jungle Gym Kidz Spa & Adventure Playland, which was located at First World Plaza, Genting Highlands. In May 2013, our Group through The Wet World, had entercd into a SBA with World Equipment Sdn Bhd to acquire the second (2) Jungle Gym outlet which is located at Bangsar Shopping Centre, Kuala Lumpur. The acquisition was completed in June 2014. Thereafter, in July 2014, om Group conunenced the operation of the sccond (2″‘) Jungle Gym outlet. The Jungle Gym is an indoor children’s play area. It is modelled on a rainforest theme where decorations, games and pJay equipment are designed to evoke a natural tropical environment for children. The games and play equipment that are currently installed at the Jungle Gym includes slides, ball pools, rope walks, air-powered foam guns and trampolines. The Jungle Gym also offers day care services, whcre parents can leave their children in the care of staff members for a specified period of time. Promotional packages arc available at the Jungle Gym to groups celebrating birthdays and other events, where the Jungle Gym entrance fec with F&B are packaged in a bundle. Company No.: l033338-K I 6. BUSINESS OVERVIEW (Cont’dj It should be noted that as a result of the Upgrading & Development Works, the landlord and our Group are still in the midst of finalising the terms of the renewal of tenancy agreement and relocation of the temporarily closed Jungle Gym Kidz Spa & Adventure Playland at First World Plaza, Genting Highlands.
Jungle Gym, Bangsar Shopping Centre, Kuala Lumpur
Children’s play area at our Jungle Gym (c) Starship Galactica In May 2013, our Group through The Wet World, had entered into. a SBA with World Equipment Sdn Bhd to acquire Starship Galae/iea outlet which is located at 1Utama Shopping Centre, Selangor Daml Ehsan. The acquisition was completed in June 2014. Thereafter, in July 2014, our Group, commenced the operation of Starship Galactiea outlet. Starship Galaetiea is an indoor children’s play area that is modelled on an outer space theme. The decorations, games and play equipment are designed to create other-worldly atmosphere. The games and play equipment that are currently installed at the Starship Galaetiea includes slides, walkways, ball pools, rope walks, air-powered foam guns and tarpaulins. Promotional packages are offered to groups celebrating birthdays and other events at Starship Galae/iea, where the entrance fee and F&B are packaged in a bundle. 6. BUSINESS OVERVIEW (Cont’dj
Starsllip Galactica, 1Utam a Shopping Centre, Selangor Darul Ehsan
Games and play equipment at our Starship Galactica Cd) Roller Sports World In May 2013, our Group through The Wet World, had entered into a SBA with World Equipment Sdn Bhd to acquire two (2) Roller Sports World outlets which are located at Bangsar Shopping Centre, Kuala Lumpill and Endah Parade, Kuala Lumpur, respectively. The acquisition was completed in June 2014. Thereafter, in July 2014, our Group commenced the operation of two (2) Roller Sports World outlets. Roller Sports World is an indoor inline skating arenas that feature a skating rink and rents inline skating equipment to patrons. Groups can hold special events at the Roller Sports World with promotional packages, where the entrance fee is bundled with F&B. The Roller Sports World offers membership packages to develop customer loyalty and promote repeat visits. Yearly admission packages are also available 6. BUSINESS OVERVIEW (Cont’d)
Roller Sports World, Endah Parade, Kuala Lumpur
Areas of our Roller Sports World (e) Other Retail / Service Outlets A small part of our business involves providing complementary products and services, where we engage third parties to operate the retail and service outlets in areas we do not have the in-house expertise. This complementary products and services include souvenir imaging services, beautification, healthcare and wellness services. The respective agreements are entered into between our Group and the third parties to operate these retail and service outlets (“Third Parties Agreement”). Under the Third Parties Agreement, the third parties are appointed to operate and manage the respective retail and service outlets on behalf of our Group for a revenue sharing arrangement based on the percentage of monthly gross operating profit or monthly gross product sales or annual receipts less certain operation costs and expenses. The total daily sales collection will be handed to our Group at the end of each business day. Either party may terminate the Third Parties Agreement by giving a written notice of termination in writing ranging from one (I) month to three (3) months. 6. BUSINESS OVERVIEW (Cont'{/) Our souvenir imaging services are carried out at the respective, DigiPhoto kiosks where digital images of customers are captured by DigiPhoto photographers, or captured by automatic cameras installed on certain rides. The captured digital image may be used in its original form or digitally enhanced (for example by adding backdrops). Images may be printed on photographic paper, or on a variety of souvenir products such as t-shirts, mugs, key chains and snow-globes. As at the LPD, we have four (4) DigiPhoto kiosks operating at various locations in First World Plaza and the Outdoor Theme Park: RIPLEY’S Believe It or Not (one (1) kiosk located at the exit of this attraction); Genting Skyway cable car terminals (two (2) kiosks, with each kiosk located at the upper and lower terminals); and First World Plaza (one (I) kiosk located at Snow World). On the other hand, our beautification, healthcare and wellness services are carried out through the following retail and service outlets such as HEALING TOUCH, WellCare Clinic, PEDAS SPRiNGS spa, PEDAS SALON and BEA UTY FIRST HAIR SALON. It should be noted that as a result of the Upgrading & Development Works, the landlord and our Group are still in the midst of finalising the terms of the renewal of tenancy agreements and relocation of the temporarily closed PEDAS SPRiNGS spa and PEDAS SALON. We have also rented out retail kiosks at the premises ofthe RIPLEY’S Believe It or Not attraction to third-party operators. I THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK J 6. BUSINESS OVERVIEW (Cont’d)
BEAUTY FIRST HAIR SALON DigiPhoto kiosk
HEALING TOUCH WeI/Care Clillic 6.2.4 Closure of Outdoor Theme Park On 26 July 2013, Genting Malaysia Berhad announced the Closure of Outdoor Theme Park with effect from 1 September 2013 to facilitate the construction of a Twentieth Century Fox theme park. The Closure of Outdoor Theme Park had resulted in the non-renewal of the tenancy agreement for the following, effective from 1 September 2013: Five (5) DigiPhoto kiosks; Three (3) F&B kiosks; One (1) food service outlet, namely London CAFE; and One (I) retail outlet, namely ArfOO.
The above affected food service and retail outlets had contributed 0.92% to 4.10% to our Group’s total revenue and 1.12% to 4.97% to our Group’s PBT for the past three (3) financial years up to the FYE 30 June 2014. Thus, the closure of the above food service and retail outlets is not expected to materially impact the operating results and financial position of our Group moving forward. -109­I Company No.: l033338-K I 6. BUSINESS OVERVIEW (Collt’d) 6.2.5 Upgrading & Development Works On 17 December 2013, Genting Malaysia Berhad announced the GITP. The GITP, which will be carried out in phases, had resulted in the closure of certain sections of the First World Plaza, Genting Highlands for facilitation in the Upgrading & Development Works. The Upgrading & Development Works had resulted in the corresponding closure of our following food service and retail outlets: (i) eastcourt (previously located at First World Plaza, Genting Highlands) m July 2014;
(ii) Market Food Street (previously located at First World Plaza, Genting Highlands) in July 2014;

(iii) Noodle & Lok Lok (previously known as Jia Food For The Season and located at First World Plaza, Genting Highlands) in July 2014; (iv) Only Easy Store (previously located at First World Hotel, Genting Highlands) in July 2014;
(v) RICHDAD (previously located at First World Plaza, Genting Highlands) in July 2014;
(vi) Marrybrown (previously located at Theme Park Hotel, Genting Highlands) in February 2014;

(vii) Jungle Gym Kidz & Adventure Play/and (previously located at First World Plaza, Genting Highlands) in February 2014; (viii) PEDAS SPRINGS spa (previously located at First World Plaza, Genting Highlands) in February 2014; and (ix) PEDAS SALON (previously located at First World Plaza, Genting Highlands) in February 20 14. Notwithstanding the above, the landlord had offered new premises to our Group for the relocation of the abovementioned food service and retail outlets. As at the date hereof, the landlord and our Group are still in the midst of finalising the terms of the new tenancy agreements for the relocated outlets under items (i) to (vi). Simultaneously, our Group and the landlord are negotiating on the suitable premises for the relocation of outlets under items (vii) to (ix). lCompany No.: I033338-K] 6. BUSINESS OVERVIEW (Cont’d) 6.3 Output, Capacity and Utilisation The capacity and occupancy rate of our water amusement parks and family attractions operations for the past three (3) financial years up to FYE 30 June 2014 are as follows: <——~·~————~——-FYE 30 June————————->  2012  2013  2014  Capacity  Actua~upancy o”upan,y I rat,  I Actual capacity~ o,cupan,y  Occupancy rate  Capacity  Actual occupancy  Occupancy rate  (persons)  (persons)  (%)  (persons)  (persons)  (%)  (persons)  I  (persons)  (%)  Water amusement parks  ~­ Wet World Water Park Shah A/am(a)  572,500  239,585  41.85  572,500  174,713  30.52  572,500  162,860  28.45  ~t World Air Ponos Pedas Resor/·)  274,800  140,021  50.95  274,800  107,086  38.97  274,800  104,[32  37.89  We! World Balli Pahat Village Resodcj  343,500  99,426  28.94  343,500  92,104  26.81  343,500  88,492  25.76  Family attractions  RiPLEY’S Believe 11 or Nold)  164,250  [03,180  62.82  164,250  99,495  60.58  [64,250  80,972  49.30  HA UNTED ADVENTUREf<:)  182,500  127,170  69.68  182,500  105,856  58.00  182,500  67,813  37.16
Notes: (a) “Vet World Water Park Shah A/am is closed every Wednesday for maintenance and repairs. Capacity is calculated based on three hundred and sixty jive (365) days a year, six (6) operating days per week and subtracting two (2) days per month for major maintenance and repairs, and our estimation ofsixty (60) days per year due to rainy days. The number ofvisitors to Wet World tVater Park Shah Alam per day is 2,500 based on the optimum level ofcomfort ofvisitors as estimated byourManagement based onhistoricalrecords ofticketsales at the turnstiles andmonthlyobservation. Actualoccupancyisbasedonrecords ofticketsales.
(b) We! World Air Panas Pedas Resort is closed every Tuesday jOr maintenance and repairs. Capacity is calculated based on three hundred and sixtyfive (365) days a year, six (6) operating days per week and subtrac1ing two (2) days per month for major maintenance and repairs, and our estimation ofsixty (60) days per year due to rainy days. The number of visitors to We! World Water Air Panas Pedas Resort per day is 1,200 based on the optimum level of comfort of visitors as estimated by our Management based on historical records ofticket sales at the turnstiles and monthly observation. Actual occupancy is based on records ofticket sales.

6. BUSINESS OVERVIEW (Cont’d) (c) Wet World Balu Pahat Village Resort is closed every Tuesday jar maintenance and repairs. Capacity is calculated based on three hundred and sixty five (365) days a year, six (6) operating days per week and subtracting two (2) days per mOllth for major maintenance and repairs, and our estimation ofsixty (60) days per year due 10 rainy days. The number ofvisitors to Wet World Balu Pahat Village Resort per day is 1,500 based on the optimum level of comfort of visitors as estimated by our Management based on historical records of ticket sales at the turnstiles and monthly observation. Actual occupancy is based on records afticket sales.
(d) RiPLEY’S Believe It or Nol operates three hundred and sixty five (365) days per year, and the number ofvisitors to RIPLEY’S Believe /I or Not per day is four hundred andfifty (450) based on the optimum level of comfort of visitors as estimated by our Management based on historical records of ticket sales at the turnstiles and month~y observation. Actual occupancy is based on records ofticket sales.
(e) HAUNTED ADVENTURE operates three hundred and sixty five (365) days a year, and the number of visitors 10 HAUNTED ADVENTURE per day is five hundred (500) based on the optimum level ofcomfort ofvisitors as estimated by our Management based on historical records ofticket sales at the turnstiles and monthly observation. Actual occupancy is based on records of ticket sales.

The fluctuations in the occupany rate of our water amusement parks and family attractions for the financial years under review are due to the fluctuations in the patronage for the respective financial years. The details of the fluctuations in the patronage of our water amusment parks and kindly a!tractions arc set out in Section 12.2.1 (i) of this Prospectus. I THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK pmpaoy No.: I033338-1{j 6. BUSINESS OVERVIEW (Cont’d) The capacity of our food service outlets operations for the past three (3) financial years up to FYE 30 June 2014 are as follows: Operating daysOperating hours
CapacityM
per week No. of seats per day No. or hours No. of days <——————-FyE 30 June—-~-~—–> 2012 2013 2014
J Meter Teh 60
7 eas/court -Genting Hotel, Gentjng Highlands 60 60 24
60 60 60
12 7 eaS/COllrl -First World Plaza, Genting Highlands(1)) -230 7-
12 EASY STORE-‘ 12 7–
12 HERE (previous!y known as MODESTOsld) 7-300 300
12 7 Noodle & Lok Lok (previously known as Jia Food For The Seasons), eastcourt. and RlCHDAD-HOT PDT 186 12186 186
327 7327 327
12 First World Plaza, Genting Highlands(/J) jRCURRY 7136 136 136
24 London CAFgC) -66 12
766
Market Food Street 7154 154 12154
Only Easy Store!}) 7 Only Mee -First World Plaza, Genting Highlands 28 28 1228
7 Only Alee -SACC Mall, Selangor Darul Ehsan 136 136 136 12
7 Only Mee -Wet World U/ater Park Shah Alam, Selangor Darol Ehsan 96 1296 96
4 4 4 68
Only Mee -Kuching International Airport, Sarawak 90 90
12 790
QiQi TaIwan Cliisinel~) -80
7 Qi Qi Taiwan Snack (was known as Comebuy) -Genting Ho(e[, Genting Highlands(h) 12-28 728 28
12 RlCHDAD -Kota Tinggi Waterfalls Resort, Johor Daro! Takzim(i) –
6 RlCHDAD -Wet World Air Panas Pedas Resort, Negeri Sernbi!an Daro! KhususM 50 50 8
64 8 6-64 I
RlCHDAD -Wet World Emu Pahaf Village Resort, Johor Darol Takzirn(i) 2020 68

Company No.: I033338-K I 6. BUSINESS OVERVIEW (Conl’d)
Shanghai 10 ­First World Plaza, Genting Highlands  The FOOD treelj)  Kiosk No. 21k!  Kiosk No. 7M  Kiosk No. 9tH  Marrybrown -First World Plaza, Genting Highlands  Marrybrown -Theme Park Hotel, Genting Highlands(1)
< –­2012 94 210 50 2 9 150 144

Operating hours  Operating days  Capacity(Qj  per day  per week  -­ No. of seats  No. of hours  No. of days  FYE 30 June  ->  2013  2014  94  94  12  7  210  136  12  7  50  – 12  7  2  – 12  7  9  – 12  7  150  150  24  7  144  144  12  7
NOles: (a) Basedonthenumber ofseatfortherespective foodserviceou.tletasattheend a/thefinancialyears.
(b) Noodle & Lok Lok (previously known as Jia Food/or The Seasons), eastcourt and RlCHDAD are located adjacent to each other with a total approximate area 0/ 6,172 sq. ft. andsharedthecommonseatingarea.However, each oftherespective foodserviceoutletshasrelocated tothefollowingnewpremises:

(i) Noodle & Lok Lok has relocated to a new premise at First World Hotel, Genting Highlands with aj/oor area of250 sq. ft. and a shared capacity among otherfood service mders not operated by our Group of300 seats on 28 July 2014; (if) eastcourt has relocated to a new premise at First World Plaza, Genting Highlands with aj/oor area of5,377 sq.jt. anda capacity of230 seats on 28 June 2014; and (iii) R1CHDAD has relocated to a new premise at Genting Grand Hotel, Genring Highlands with a j/oor area of 487 sq. ft. and a capacity of22 seals on 26 July 2014. (c) EASY STORE commenced its operation on 28 June 2014 and has aj/oorarea of513 sq.jt..
(d) MODESTOS commenced operation in November 2012. However, on 28 January 2014, our Group had terminated the business arrangement with Modesto World Sdn Bhd and our Group has been operating the food service outlet under our own brand, namely HERE since 9 May 2014.
(e) London CAFE ceased operation on 1 September 2013. Please refer to Section 6.2.4 ofthis Prospectzls for further details. -114­

I Company No.: 1033338-K I 6. BUSINESS OVERVIEW (Cont’d) (j) On 27 July 2014, Only Easy Store has relocated to a new premise at First World Hotel, Genting Highlands with the samefloor area of 644 sq. fl. and a capacity of 20 seats.
(g) QiQi Taiwan Cuisine commenced operations on 8 August 2013 and hasfloor area of1,967 sq./t..
(h) QiQi Taiwan Snack (was previously known as Comebuy) al Genting Holel. Genling Highlands commenced operalions in January 2012 and hasjloor area a/920 sq./t..
(i) RICHDAD outlets in Kola Tinggi Wateifalls Resort, lahar Danll Takzim, Wet World Air Panas Pedas Resort, Negeri Sembilan Daru! Khusus and Wet World Battl Pahat Village Resort, lahar Dorul Takzim commenced operations on 13 May 2013.

OJ On5thMay2014,thenumber ofseatsforTheFOODtreehadreducedfrom Mohundredandten(210)seatsto onehundredandthirtysix (136) seats as a resu.lt of the approved amendments made to the layout planfor the Warehouse Complex. (k) Kiosk No.2, KioskNo. 7 and Kiosk No.9 ceased operations on I September 2013. Please refer to Section 6.2.4 ofthis Prospectus for further details.
(I) On14September2014,Marrybrown hasrelocatedtoa newpremiseatGentingGrandHotel,GentingHighlandswitha floorareaof5,600sq. fi and a capacity of 200 seats.

ITHE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK I Compally No.: l033338-K] 6. BUSINESS OVERVIEW (Conl’tl) Bi:lsed on the table above, the capacity of our Group’s food service outlets is determined based on the number of seats, operating hours and operating days of our respective food service outlets. Our Group’s food service outlets predominantly operate twelve (12) hours per day, seven (7) days a week. It should be noted that the capacity of our Group’s food service outlets as mentioned above, does not take into consideration the number oftake-away patrons as we are unable to accurately determine the exact number of take-away patrons due to the non-segregation of sit-in and take­away patrons in the receipts issued by our food service outlets. All of our food service outlets serve both sit-in and take-away patrons though the percentage would vary depending on the respective food service outlets. As such, only the sit-in capacity is taken into consideration for purposes of determining the capacity ofour Group’s food service outlets. Based on the above, we are then unable to accurately ascertain the utilisation rate of our food service outlets due to the nature of our business, which includes both sit-in and take-away patrons. However, as a general guide, our food service outlets such as Only Mee, Shanghai iO, eas/courl, Noodle & Lok Lok, RlCHDAD and HERE primarily serves sit-in patrons whilst food service outlets such as 1 Meier Teh, EASY STORE and Only Easy Store primarily serves the take-away patrons as these outlets serve predominantly light meals, snacks and beverages. Therefore, these outlets that target take-away patrons would have higher occupancy over the food service outlets that target sit-in patrons. /THEREST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BL~
6. BUSINESS OVERVIEW (Conl’d) The production, capacity and utilisation rate of our food processing operations at our centralised kitchen facility for the three (3) financial years up to the FYE 30 June 2014 are as follows: <————~—~-~”-FYE 30 June————-···>  Activity  2012  2013  2014  Food processing  Capaeityl’) (‘000 kg)  144.00  144.00  144.00  Actual production(bJ (‘000 kg)  6220  86.36  65.99  Utilisation rate (%)  43.19  59.97  45.83
Noles: (a) Capacity is calculated based on ten (lO)~hour shUi per day andfive (5) days per week. Our current/ood processing capacity is approximately 12,000 kg per month. Based on our current set-up, we deploy a three (3) manpower learn (0 operate the production line, thus the capacity is computed based the three (3) manpower ream rather than fhe machineries’ installed capacity. The machineries lised in our(ood processing operations at our centralised kitchen/acility were purchased during the FYE 30 JUlie 2005/01′ a total cost a/approximately RMO.34 million. As at 30 June 2014, rnost o./tllese machineries arefidly depreciated whilst the remaining machineries still have a fotal canying vallie 0.(approximately RlvfO.04 million. (b) Actual production ,.~/ers to the actual quantity o.l/ood produced For the financial years under review, our Group’s food processing operations has been based on actual demand required and not based on the machineries’ installed capacity. As such, our Group’s current food processing operations are sufficient to support our operations and would be able to cater for any potential increase in future demand without having to increase our production capacity. Based on the tflble above, the movement in the utilisation rate of our food processing machineries for the financial years under review wmj in line with the movement in our food service operations’ revenue. The capacity and occupancy rate of our Kola Tinggi f.YateJ./alls Resort for tlm::c (3) financial years up to the FYE 30 June 2014 are as follows: Activity 2012 20142013

 

<——~————–FYE 30 .Juue____~ _____~MMMMM>
Day visitors (persons)  Capacityr”) (persons)  547,500  547,500  547,500  Actual occupancyO,j (persons)  180,740  173,399  164,442  Occuponcy rlltc (%) —-­Resort room accommodations  33.01  31.67 ,~­ 30.04 .,—­ Capacit/,)(room nights)  16,775  16,775  16,775  Actual occupanc/d) (room nights)  1,.166  1,460  1,855  OccupllOcy rate (%)  8.14  8.70 – 11.06
6. BUSINESS OVERVIEW (Cont’d) Notes: (a) Capacity is calculated based on three hundred and sixtyfiv€ (365) days Q year, six (6) operating days per week and subtracting two (2) days per month as we” as ten (10) days per year/or majormaintenance andrepairs, andourestimation ofsixty(60) daysper yeardue 10 rainy day. The maximum number ~f visitors to Kola Tinggi Waterfalls Resort based 011 ow’ estimation is 2,500 per day per interval.
(b) Actual utilisation is based on records ofticket sales.
(e) The resort room accommodations at Kola Tinggi Ware/falls Resort are closedfor five (5) days evelY month for maintenance. In addition, seven (7) rooms are reserved for special bookings and emergencies. Total maximum capacity isfiftyfive (55) rooms per day.
(d) Actual occupancy is based on records a/room occupancy.

For the FYE 30 June 2013, the decrcase in the utilisation rate of the day visitor for our KOla Tinggi Wateifalls Resort was due mainly to the mining activities near our resort which have polluted the natural environment surrounding our resort which in turn affected the overall patronage to our resort. For the FYE 30 June 2014, the utilisation rate of the day visitor for our Kota Tinggi Waterfalls Resorl had decreased marginally mainly due to the flash flood that struck our resort during the holiday season in December 2013 which have affected the visitorship to our resort. Further thereto, our Group has restored our resort to its original condition in January 2014 and included additional flood protection measures such as installation of flood channels and flood walls to mitigate such incident moving forward. Notwithstanding the above, our Group had recorded a higher in utilisation rate of room accommodation for our Kota Tinggi Wateifalls Resort which was attributable mainly to the promotional activities of our KOla Tinggi Waterfalls Resort at our food service outlets, Water amusement park and family attractions via discount and vouchers. I THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK I Company No.: 1033338-K I 6. BUSINESS OVERVIEW (Cont’d) 6.4 Production Process 6.4.1 Food Preparation at Centralised Kitchen Facility The general process flow for food preparation at our centralised kitchen facility is as follows:
Incoming ingredients are received and inspected. Ingredients that do not meet our specifications are rej ected and retlll11ed to the supplier. Ingredients that pass the inspection are placed into the appropriate storage. Items such as fresh meat, fish and seafood are typically placed in ft”eezer storage (with a temperature lower than “18°C). Oncc frozen, these food items are thawed in a controlled environment before use. I ~-;:;I
I Company No.: 10333~ 6. BUSINESS OVERVIEW (Conl’d) Other items such as fresh vegetables, uncooked rice, spices and condiments are placed into refrigerated storage (with a temperature between oGe and 4°C) or stored at ambient temperature, as appropriate. When an order to prepare a food item is received, the appropriate ingredients are collected from storage, weighed and measured. They are then put through the appropriate washing and cleaning process. The ingredients are then processed, which may involve steps such as grinding, crushing, cutting, peeling, slicing, dicing, chopping, mixing and I or blending, depending on the food item ordered. When preparing food items such as soup base, paste and pre-cooked meat dishes, the ingredients are then cooked, which may usualJy involve boiling, frying or steaming at a specified temperature for a specified period of time. All cooked items are subjected to a sensory evaluation test, where taste, texture, appearance and overall quality of the items are evaluated to ensure that they comply with the item’s specifications. The cooked items that passed the sensory evaluation test are placed in containers and sealed with cling wrap prior to packing and labelling. The preparation of certain food items, such as dry spice mixes, does not require cooking, and the ingredients are transferred into containers and sealed with cling wrap prior to packing and labelling. The prepared food items are sealed in tbe appropriate packaging and labelled. Randomly selected samples of packaged and labelled food items are sent to third party laboratories for independent testing. The tests that are performed include testing for the presence of specified heavy metals, benzoic acid and compliance with microbiological requirements. The packaged and labelled food items are placed in storage, where they are held prior to delivery to the respective food service outlets. ITHE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK I eem;,nllY No.: I033338-K I 6. BUSINESS OVERVIEW (Con/’ll) 6.4.2 Food Preparation at Food Service Ontlets The general process flow for food preparation at our food service outlets is as follows:
Record Customer Order
1
Collect, Weigh and Measure
1
Washing and Cleaning 1
Food Preparation 1

Flavouring 1
Garnishing 1
Serving The customer’s order is recorded and conveyed to the kitchen staff. The appropriate ingredlents and food items are then collected from storage, weighed and measured. The ingredients are then put through the appropriate washing and cleaning steps. This is followed by processing of the ingredients, which may involve steps such as cutting, peeling, slicing, dicing, chopping, mixing and blending, depending on the food item ordered. The ingredients arc then cooked, usually by boiling, frying or steaming at a specified temperature for a specified pcriod of time. The appropriatc flavours are thcn added. Depending on the food item ordered, the types of flavours used may be in the form of a prepared pastc, sauce, dry spice mix, fresh spices, condiments and oiL Garnishing such as sliced cucumbers and tomatoes are then added and the cooked food is placed on the appropriate bowl or plate and served to the customer. 6. BUSINESS OVERVIEW (Conl’d) 6.5 Location of Operations 6.5.1 Food Service Ontlets As at the LPD, our Group’s food service outlets are located at the following locations: (i) twenty (20) outlets in Genting Highlands;
(ii) one (1) outlet in SACC Mall in Shah Alam, Selangor Daml Ehsan;

(iii) one (1) outlet in our Group’s corporate office in Shah Alam, Selanger Daml Ehsan; (iv) one (I) outlet in Wet World Waler Park Shah Alam, Selangor Darnl Ehsan;
(v) one (1) outlet in Wet World Air Panas Pedas Resort, Negeri Sembilan Daml Khusus;
(vi) one (1) outlet in Wei World Batu Pahat Village Resort, Johor Daml Takzim;

(vii) one (1) outlet in Kota Tinggi Waterfalls Resort, Johor Daml Takzim; and (viii) one (1) outlet in Kuching International Airport, Sarawak. Details of our Group’s food service outlets are set out in Section 6.1.3 of this Prospectus. 6.5.2 Water Amusement Parks Water amusement parks · We’ World Air Panas Pedas Resort · Wet World Balli Pahaf Village Resort · Wet World Water Park Shah A/am Total  No. of outlets 1 1 1 3  Geographical Ioentian Mukim Pedas, Negeri SembiIan Darul Khusus Batll Pahat, Johor Daml Takzim Shah Alam, Sdangor Darul Ehsan I-
6.5.3 Family Attractions Family attractions  No. of outlets  Geographical location  · RIPLEY’S Believe II or Not • HAUNTED ADVENTURE  1 1  GenUng Highlands
j JI Total 2 I ____ L..- _ Company No.: 103333iiJ 6. BUSINESS OVERVIEW (Conl’d) 6.5.4 Retail and Other Service Outlets Retail and other service outlets  No. of outlets  Geographical location  • BEA UTY FIRST HAIR SALON • DigiPhoto kiosks • HEALING TOUCH • WellCare Clinic  1 4 3 1  Genting Highlands  • Jungle Gym • Roller Sports World  1 2  Kuala Lumpur  • Starship Galactica  I  Selangor Darul Ebsan  • KoLa Tinggi Waterfails Resort  1  Kota Tinggi, Johor Darul Takzim  Total  14
6.6 Types, Sources and Availability of Materials 6.6.1 Purchases and Sources of Materials Our purchases ofmaterials for the FYE 30 June 2014 are as follows: Value of purchases (RM’OOO) Food . 13,961 Fresh Food. 12,629 Meat . 5,531 Fruit and Vegetables . 1,718 SeoJood .. 1,862 Other Fresh Foac/°) . 3,064 Rice . 454 Prepared Food … 25 Cooking In/:,’Tedients 939 Other Food Itcms(b) …. 368 Beverages . 1,447 Cigarettes . 271 Others(L.J . 365 TOTAL FINJSHED PRODUCTS 16,044 % of total Group purchases (%) 87.02′ 78.7 t’ 34.47 10.71 1l.61 19.10 2.83 0.16 5.85 2.29 9.02 1.69 2.27 100.00
[CGlllPllny No.: 1033338-K I 6. BUSINESS OVERVIEW (Col1t’d) Notes: Does not add-up due to rounding.
(a) Otherfresh/ood, which includes eggs and milk.
(b) Olher/ood items, which include titbits.
(c) Others, which include containers.

For the FYE 30 June 2014, our total purchases of materials amounted to RM16.04 million and were fully sourced locally. Our main purchases for the FYE 30 June 2014 comprised food, which we use to prepare the food items that are sold at our food service outlets. Most of the food items that are sold at our food service outlets are prepared by our Group, either at our centralised kitchen facility or at our individual food service outlets. 6.6.2 Availability oflnputs We have not faced any shortages in the availability of materials required by our Group over the last twelve (12) months. 6.7 Principal Markets For the FYE 30 June 20[4, all of our Group’s revenue was derived from Malaysia.
Malaysia 6.8 Marketing and Distribution Network 6.lU Marl,cting Stratcgy We use the foJlowing marketing strategies to sustain and expand our business operations: Create “Fun, Food and Good Living” food and entertainment experiences for our patrons, which is the tag line for our Group; Continuous brand building through advertisements and promotions which are important in devcloping brand cquity, customer loyalty and interest; Actively working together with state tourism boards to promote our WeI World water amusement parks and Kola Tinggi Waterfalls Resorl by going on road­shows. Domestic tourists arc our main target cllstomcrs for our water amusement parks and resort; I Company No.: I033338-K I 6. BUSINESS OVERVIEW (Conl’d) Constantly maintain as well as periodically renovating and upgrading our water amusement parks and family attractions to create new experiences for patrons; and Continued expansion of our network of food service outlets, water amusement parks and family attractions locally. We periodically offer deals to the public through other businesses such as “deal-a-day” websites as a means ofadvertising our brands and canying out promotional programmes. OUf Wet World water amusement parks have in-house corporate marketing teams who promote the water amusement parks as destinations for school trips and as venues for events such as family days and team-building exercises. We can offer these customers customised event packages comprising entry fees, F&B and organised games. Our Wet World water amusement parks also have tie-ups with children’s clubs and publications targeted at children. As part of our strategy to promote our business operations and brands, we also participate in exhibitions and conventions. We also use cross-selling synergies to promote our food service outlets to the patrons of our water amusement parks and family attractions and vice versa: we promote our food service outlets in First World Plaza and Genting Hotel by giving those who visit the RIPLEY’S Believe ]1 or Not or HAUNTED ADVENTURE attractions food discount vouchers at our outlets; and similarly, patrons of our food service outlets in First World Plaza and Genting Hotel are provided with discount vouchers to visit RIPLEY’S Believe ]1 or Nol and HAUNTED ADVENTURE attractions. In addition, we use online deai voucher sites such as Groupon, Living Social) My Deal and Street Deal to promote our food service outlets, water amusement parks and family attractions. Further, we use the room booking sites such as Agoda and Booking.com to promote the facilities of our resort. I THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK I 6. BUSINESS OVERVIEW (Coni’d) 6.8.2 Distribution Strategy Our distribution strategy comprises of direct and indirect channels, as depicted in the diagram below: Individuals

Groups Travel Agents
We primarily use the direct distribution strategy, whereby the services at our food service outlets, water amusement parks and family attractions and other services namely, resort accommodation are provided directly to individuals or groups (such as school groups, birthday parties or companies). Some of the entrance tickets to our WeI World water amusement parks are sold to travel agents, who then package our WeI World water amusement parks as an activity, which [onus part of their tour. 6.9 Key Achievements, Awards and Recognition 6.9.1 Key Milestones The following are some ofour Group’s key mi1estones: Year Milestones 1984 Incorporated Family Fun World Sdn Bhd and commeneed operations in the same year by creating the Wet World logo. f——+————-.————–.–­1996 Merell Jutaan commenced operations with the opening of our first (1 ,t) water amusement park, Wet World Waler Park Shah Alam in Selangor Daml Ehsan. 1999 Kota Tinggi Resorts opened Kola Tinggi Walerfalls Resort in Johor Daml Takzim. 1999 Ventured into the food services sector through Dunia Setulin via a franchise agreement entered into with Marrybrown Fried Chicken Sdn Bhd (now known as Marrybrown Sdn Bhd) and opened our first (1 “) Marrybrown franchise outlet at the Theme Park Hotel, Genting Highlands. –\—-_._._-_.———-­2000 The Wet World registered the trademark Wet World with MyIPO and registered the Wet World fi’anehise with the Registrar of Franchise, Malaysia. 2003 jKCK ‘ommon,,” op,,”ion, “y “ning-np om “nt”Ii,,” kito”on r”iliLy, located at our corporate office in Shah Alam, Selangor Dfirul Ehsan. ——_.._—_. … 2003 Believe It Or Not opened RIPLEY’S Believe II or Not and HAUNTED I ADVENTURE uttractions at First World Pluza, Genting Highlands.’–L ….~ .. _.~_ .. . ~_…._.~ ..1 6. BUSINESS OVERVIEW (Colll’d) Year 2003 2004 ~. 2006 2007 2007 2010 2010 2010 2011 2011 2012 2012 2012 2013 Milestones Platinum Paradise llcquired nine (9) apartment units located in Pahang Tower, Ria Apflrtments, Genting Highlands. .. Platinum Paradise registered Only Mee Fresh Noodles trademark with MyIPO. Only Mee opened Only Mee at Kuelling International Airpolt, Samwak, marking our expansion into East Malaysia. Platinum Paradise registered the Only Mee Fresh Noodles with the Registrar of Franchise, Malaysia. Platinum Paradise acquired twenty seven (27) apartment units located in Pahang Tower, Ria Apartments, Gcnting Highlands. Magnifieent Empire, Only Mee, Platinum Attractions and Platinum Paradise obtained MS 1514:2009 GMP for Food certification. Platinum Paradise acquired a developer-designed warehouse complex, which serves as our current corporate office. KCK acquired an intermediate double storey tenaced house, which serves as the hostel for our Group’s employees. Magnificent Empire, Platinum Attraetions, Platinum Paradise and Only Mee obtained ISO 22000:2005 Food Safety Management Systems eertification. Magnificent Empire, Platinum Attraetions, Platinum Paradise and Only Mee ohtained MS1480:2007 food safety according to HACCP system certifieation. KCK obtained ISO 22000:2005 Food Safety Management Systems certification, GMP Codex Alimcntarius certification, HACCP Codex Alimentarius ccttification and MS 1500:2009 Certificate of Authentication ­Halal. Platinum Paradise disposed thirty six (36) apartment units loeated in Pahang Tower, Ria Apartment$, Genting Highlands. KCK acquired an intermediate double storey terraced house, whieh serves as the hostel for our Group’s employees. The Wet World entered into a sale of business agreement with World Equipment Sdn Bhd to acquire bllsiness operating units. The Wet World had effectively assumed the business operating units on 1 July 2014. 6. BUSINESS OVERVIEW (COlll’dj 6.9.2 Awards and Recognition Over the years, we have won a number of awards and recognition, as summarised in the following table: Recipient  Award or recognition  Awarding body Year  PEDAS SPRINGS spa  Winner of the “Best Family Spa” category at the Malaysia Spa & Wcllness Awards 2009  Asia Spa & Wellness 2009 Promotion Council (“ASWPC”/<)  RIPlEY’S Believe It or Not(h)  “Best Museum” award  Malaysian Assoeiation 2011 of Amusement, Theme Park and Family Attractions (“MAATFA”l)  Wet World Water Park Shah Alam  “Best Small Water Park”  I  MAATFAM 2011  WeI ?Vorld Water Park “hahAlam  “IS! Green Water Park”  MAATFA«) 20~  Only World Group  National Record(dj  The Malaysia Book of 2012 Records (“MBR”iaj  Only World Group I  ASEAN Outstanding Business Awards 2013 ­Industry Class Sector: Leading in Innovative I Theme Park Franchise Concept  Federation (“ARFF,·)(J) ~
Notes: (a) ASWPC is the regional coordinating body for the promotion of spa and wellness centre:,. It assists national and regional organisations in promoting spa and we/lness centres both inler~ and intra-regional~y to an audience of wellness tourists, health proctitioners and other stakeholders. (Source: http://www.aswpc.org/).
(b) RIPLEY’S Believe It or Not attraction located at First World Plaza, GenUng Highlands.
(c) lvIAATFA isformedfor the pUipose ofpromoting orderly development and conduct of the husiness ofFamily Entertainment Centres and to represent the common interest of its members in dealing with government agencies, local authorities, organizations, companies or persons, on matters relating to Family Entertainment Centres operations in file courjtl~Y. (.)ource. http://www.maatfa.com.my/).
(d) Nalional Record for hdng the “First food court to receive three food safety certifications· Outlets: ‘Only Easy Caje, Only Mee, Jia Bak Kut Teh, Rich Dad, Eastcourl, Pedas Cafe, Shanghai 10, HOfpot & Jr Curry’ -Scope ofRegislration: ISO 22000:2005 Food Safety Management Systems, MS 1480:2007 Hazard Analysis Critical Control Point”
(e) A-fER is a pr(~iecl with the concept crealed in line with the government’s call fa private sectors (0 play its role in Nation BIJilding towards Vision 2020 and, it is related to all walks oflife. As the National Record-Keeper, MER is an official body that recogni:-Ns recordholders, recordbreakers and recordcreators in the countJ:v. Upon confirmatioll of their /eats, achievements and creations, MER issues certificates to them. (.’)’ource: hllp://w\1i’l1i.malaysiarecords.com.my/)

[£Ompnny No.: 1033338iJ 6. BUSINESS OVERVIEW (Conl’d) (j) ARFF was established in 2008 to champion the promotion and development of trade particularly in the retail chains, franchise & tourism and shopping industries within the ten (l0) ASEAN countries and six (6) countries such as China, Japan, Korea, India, Aus/ralia, New Zealand. (Source: http://www.arfforg.my/) 6.10 Quality Control We place significant emphasis on service quality and strive to adhere to stringent quality and food safety management standards. We have received many quality and safety management certifications as a result ofour efforts. KCK’s food safety management system is certified to be in compliance with the ISO 22000:2005 standard. As part of the compliance process, KCK conducts periodic in-house and independent third party food safety tests on samples of food prepared at our centralised kitchen facility to test for microbiological requirements identified by KCK as well as the Food Act 1983 and the Food Regulations 1985 (“1985 Regulations”). KCK tests for total plate count, escherichia coli (commonly abbreviated as E coli) and coliform as they are part of the microbiological requirements identified in the 1985 Regulations and uses limits based on those identified in the regulations. The Food Act 1983 and the 1985 Regulations do not specify microbiological requirements for Salmonella, Staphyloccocus aureus, yeast and mould. KCK has internally defined the most stringent requirement of “absent” for Salmonella and Staphyloccocus aureus, while the internally defined limit for yeast and mould is based on the limits for Total Plate Count in the 1985 Regulations, which covers microorganisms such as yeast and mould. We have iu-house facilities and equipment to cany out food safety tests on the food items prepared at our centralised kitchen facility using our in-house facilities and equipment. We also send samples of food items prepared at our centralised kitchen facility to third party laboratories for independent testing. KCK has committed to achieving the following food safety objectives: To not receive any cases of customer complaints relating to food safety issues; and To produce safe food products which comply with the following microbiological requirements: Requirement Total Plate Count(<I)  Limit ~ Maximum 1 x 105 cfu/g(b)  E coli  Absent (cfu/g)1b)  Salmonella  Absent in 25 gM  StaphyloccocllS aureus  Absent (cfi.l/g)(J  Coliform  Maximum 50 cfu/g(b)  Yeast and mould – Maximum 1000 cfu/g(C) I
Noles:  (a)  Total Plate Count defines the flurnber q/rnicroorganisms such as bacteria, yeas! and  rnould that will grow on a nutrient plate alter seventy two (72) hours under controlled  conditions  (b)  Based on the microbiological requirements limits in the 1985 Regu/alions.  (c)  Based on the requiremenls limits ident(lied by KCK internally.  elil  Colony Forming Unit, a measure o(viab/e microorganism nwnberx.
Company No.: I033338-K I 6. BUSINESS OVERVIEW (Cont'(/) 6.11 Technology Used and R&D 6.1 J.I Relevant Technologies As our activities are primarily concerned with operating food service outlets, water amusement parks and £’unily attractions as well as other services, technology used is not relevant to these business activities. 6.11.2 R&D Polk”)’ Based on the nature of our Group’s business operation, OUf R&D activities are limited to the development and emichment of our F&B products and recipes. As such, our R&D personnel conduct in-house research to roll out new menu items that introduce new flavours of F&B items in response to the changing taste of customers and to attract customers’ frequent visits to our food service outlets. We also carry out R&D activities to develop methods to increase the propol1.ion of food items prepared and supplied by Our centralised kitchen facility in order to eapitalise on the benfits from using prepared food ilems supplied by our centralised kitchen facility as mentioned in Section 6.2.1 (d) of this Prospectus. For example, we are currently carrying out trials to develop a method of preparing frozen pre-eooked rice for our nasi lemak and chicken rice dishes. The rice for the nasi lemak and chicken rice dishes that we serve at our food service outlets are eurrently cooked on premise. The development work involves, amongst others, trying out different recipes to determine the best combination of ingredients (e.g, in terms of the proportion of rice, water, santan or chicken stock, herbs, spices and other ingredients), cooking conditions times (e.g. in terms of temperature, cooking time and mixing conditions) and blast freezing conditions to produce nasi lemak and chicken rice that, after freezing, storage and re-heating, is comparable to store-prepared product in terms of taste and texture. Our R&D activities have successfully led to the development ofa range of proprietary recipes as mentioned in Section 6.1.4(1) of this Prospectus. All of the dishes that we currently serve at our own brand of food service outlets have been developed intemally and are proprietary to us with the exception of Marrybrown. Our water amusement parks and family attractions business activities and our other business activities do not require R&D activities per se. 6.11.3 R&D Facilities and Personnel We currently have a R&D centre and test kitchen at our centralised kitchen facility, which is located at our corporate office in Shah Alam, Selangor Daml Ehsan. We use this facility to develop new and improve our existing F&B recipes. As at the LPD, we have three (3) dedicated R&D personnel. Our other personnel, such as our chefs and personnel from our marketing department, may also provide feedback and comments as part of the process of developing new, and improving our eXlsting F&B recipes. 6.11.4 R&D Expenditnre During the FYEs 30 June 2012, 2013 and 2014, our expenditure on R&D activities were immaterial, representing only 0.14% to 0.30% of our Group’s total revenue for the respective financial years under review. -130­6. BUSINESS OVERVIEW (Cont’d) 6.12 Brand Names, Registrations and Trademarks We regard our brand names as important 10 our continued success and have taken steps to protect our proprietary rights over such brand names by registering our currently marketed brands and bmnds reserved for future expansion as trademarks. Our Group has registered I applied for the registeration of the following trademarks as at the LPD: Registered trademarks No.  Trademark  Registered owner  Country of registration  Class”  Trademark no.  Validity period  1.  …………~ .[frnN  Only Mee  Malaysia  Class 43 of the Nice Classification  04013749  17.09.2014 to 14.09.2024  2.  OnJym  Only Mee  Vietnam  Class 30 of the Nice Classification  178938  08.02.2012 to 08.02.2022  3.  ~­~  Magnificent Empire  Singapore  Class 30 and 32 of the Nice Classification  T1211035H  30.07.2012 to 30.07.2022  4. 5.  q”” -t’!'”: O.JH’Ld.. .. ~  Platinum Attractions Platinum Paradise  Malaysia Malaysia  Class 30, 32 and 43 of the Nice Classification Class 30 of the Nice Classification  2013051945 2013051946 2013051944 04013750  06.03.2013 to 06.03.2023 12.08.2014 to 14.09.2024  6.  k  l,  Platinum Paradise  Malaysia  Class 43 of the Nice Classification  2012054308  13.06.2012 to 13.06.2022  7.  WET-A-LiTTLE  The Wet World  Malaysia  Class 16, 25, 28,41 and 43 of the Nice Classification  00013986 00013984 00013985 00013976 00013987  09.10.2010 to 09.10.2020  8.  WET WORLD  The Wet World  Malaysia  Class 29, 30, 41 and 43 of the Nice Classification  00013980 00013991 00013978 00013979  09.10.2010 to 09.102020  9.  11  The Wet World  Malaysia  Class 6, 16 and 28 ofthe Nice Classification  96005679 96005680 96005682  29.05.2013 to 29.05.2023  10.  ~~-o;: .. l  The Wet World  Malaysia  Class 29, 30, 41 and 43 of thc Nice Classification  00013983 00013977 00013982 00013981  09.10.2010 to 09.102020
6. BUSINESS OVERVIEW (Cont’d) Applications submitted but pending approval for registration No. Trademark 1. Jl<CJK 2.
3.

lHETOP 4. ~ ~~ 5. ~ 6.
Applicant  Country of application  Class”  KCK  Malaysia  Class 29 and 30 of the Nice Classification  Magnificent Empire  Malaysia  Class 30, 32 and 43 of the Nice Classification  Magnificent Empire  Malaysia  Class 43 of the Nice Classification  Magnificent Empire  Malaysia  Class 30 and 32 of the Nice Classification  Magnificent Empire  Indonesia  Class 30 and 32 of the Niee Classification  Only Mee  Malaysia  Class 43 of the Nice Classification
Application no.*  Date of appliclltion  2013061134 2013061136  09.10.2013  2013051948 2013051949 2013051947  06.03.2013  2013063686  06.11.2013  2012055542 2012055543  24.07.2012  D002012028 190 D002012028 192  12.06.2012  2012054309  13.06.2012

7. OWG Malaysia Class 35 of 2013051926 06.03.2013 the Nice Classification 8. Platinum Malaysia Class 30, 32 2013051950 06.03.2013
W Paradise and 43 of the 2013051951~Jia Nice 2013051952Food For TIle Susons Classification 9.  r  ,  Platinum Paradise  India  Class 43 of the Nice Classification  2364029  16.07.2012  10.  Platinum Paradise  Indonesia  Class 43 of the Nice Classification  JOO.2012.02 8.187  12.06.2012
Company No.: I033338-K 6. BUSINESS OVERVIEW (Col/I’d) Noles: The Nice Classification is based on the Nice Agreement, which was concluded in 1957, concerning the international class(ficatiol1 of goods and services for the purposes oj the registration afmarks. It is comprised ofclass headings, which describes the nature ofgoods and services in each ojthe thirtyfoul’ (34) classes ofgoods and eleven (J 1) classes ojservices. Description ojclasses under the Nice Classification: Class 6: Common metals and their alloys; metal building materials; frallSportable buildings afmetal; materials afmetalfor railway tracks; non~electric cables and wires ofcommon metal; ironmongery, small items ofmetal hardware; pipes and tubes ofmetal; safes; goods ofcommon metal not included in other classess; ores. Class 16: Paper, cardboard and goods made from these materials, not included in other classes; printed matter; bookbinding material; photographs; stationery; adhesives fbI’ slationelY or household purposes; artists’ materials; paint bl1Jshes; typewriters and office requisites (except filrniture); instructional and teaching material (except apparatus); plastic materialsfor packaging (not induded in other classes); pl’inters’ type,’ printing blocks. Class 25: Clothing, footwear, headgear. Class 28: Games Clnd playthings; gymnastic and sporting articles not included in other classes; decorations fin’ Christmas trees. Class 29: Meat, jish. poult1:v anel game; meat extracts; preserved, frozen, dried and cooked fruits and vegetables; jellies, jams, compotes; eggs; mUk and milk products; edible oils anelfats. Class 30-Coffee, tea, cocoa and artificial coffee; rice; tapioca and sago; flour and preparations made from cereals; bread, pastry and confectionery; ices; sugar, honey, Ireacle; yeast, baking-powder,’ salt; mustard; vinegar, sauces (condiments); spices; ice. Class 32: Beers, mineral and aerated waters and other non-alcoholic beverages; fruit beverages andfruir juices; syrups and other preparations for making beverages. Class 35: Advertising; business management; business administration; officefimctjons. Class 41: Education,’ providing q[training; entertainment; sporting and cultural activities. Class 43: Services for providing food and drink; temporary accommodation. * Application has been submitted fo My/PO and are currently pending regfstralion. Save for the proprietary trademarks and intellectual property rights as disclosed in Section 6.12 above, our Group is not dependant on any other intellectual property rights in our business operations. [COmpany No.: 10333~ 6. BUSINESS OVERVIEW (COlll’d) 6.13 Dependency on Commercial Contracts / Agreements / Other M.tters Save for the agreements in relation to the list of rented properties disclosed in Section 6.17.2 and the agreements below, as at the LPD, we are not dependant on any other commercial contracts or agreements entered into by the companies within our Group: (i) a franchise agreement dated 1 Janu31Y 2009 between Marrybrown Sdn Bhd (formerly known as Manybrown Fried Chicken Sdn Bhd) and Dunia Setulin, where Dunia Setulin agreed to purchase a franchise and operate Marrybrown fast food restaurant for a tenn of eight (8) years from the date of the franchise agreement. Based on the franchise agreement, Dunia Setulin agreed to pay a percentage of the gross sales of the franchise business to Manybrown Sdn Bhd. Manybrown Sdn Bhd may by notice, terminate the franchise agreement if Dunia Setulin changes its directors, allot shares, registers any transfer of shares, mortgages, charges or otherwise encumbers its assets without the prior written approval of Mmrybrown Sdn Bhd. Upon the termination or expiration of the franchise agreement, Dunia Setulin shall not conduct any business similar to the business and / or substantially the same business as the business, in competition with the business and / or use the system and / or the operation manual of Marrybrown Sdn Bhd. Dunia Setulin shall not without prior written consent of Marrybrown Sdn Bhd terminate the franchise agreement or conduct itself in such a way as to amount to a repudiation of the franchise agreement; (Ii) a franchise agreement dated 1 April 2003 between Ripley’s Attractions, lnc. and Believe It Or Not, where Believe It Or Not agreed to purchase a franchise and operate a RIPLEY’S Believe It or Not museum. Based on the franchise agreement, Believe It Or Not agreed to pay an annual fee equal to a minium royalty fee or the percentage royalty fee calculated at a percentage of the gross admission receipts plus a percentage of the gross sales receipt to Ripley’s Attractions, Inc. The initial term of the agreement had expired on 31 December 2007 and unless otherwise tenninated in accordance with the agreement, shall be automatically renewed and extended for three (3) consecutive five (5)-year terms. Ripley’s Attractions, lnc. shall have the right to terminate the fr’anchise agreement prior to its expiration if Believe It Or Not fails to comply with any terms of the franchise agreement or that any breach committed by Believe It Or Not or its employees are not remedied within fOUl1een (14) days fi’om the date of receipt ofa written notice given by Ripley’s Attractions, Inc.; (iii) the following agreements in relation to our theme parks, as described in Section 4.1.8 and Section 6.17.2 of this Prospectus: (1) management service agreement with Maj lis Bandaraya Shah Alam (“MBSA”) dated 30 March 2010 in relation to the Wet World Water Park Shah Alam, which is described in Section 16.6 (xviii) and has the following additional salient terms: (a) pursuant to Section 5.2(a) of the agreement, Mercu Jutaan was granted with the absolute exclusive right to add any structures existing or to be constructed on the land and to manage the land throughout the term of the agreement sllbject to any other revise rate fixed and determined by MBSA and upon the terms and conditions contained in the agreement provided that any addition to any strllctures existing or to be constructed On the land has obtained the prior approval of MBSA or relevant authorities; (b) pursuant to Section 5.2(b) of the agreement, Mercu Jutaan was given the first (1 ‘1) option and priority to the right to renew the agreement subject to the new set of terms and conditions to be imposed by MBSA and provided that the application for the renewal is not later than three (3) months before the date ofcompletion of the term of the agreement: sod 6. BUSINESS OVERVIEW (Cont’d) (2)
(3)

(c) pursuant to Section 10.13 of the agreement, if there is any breach or failure to observe any covenant by Mereu Jutaan in the agreement and such breach or failure has not been remedied after the expiry of thirty (30) working days upon service of a notice On Mereu Jutaan, MBSA may terminate the agreement and re-enter the property and resume possession of the fixtures and fittings and the agreement shall be determined. lease agreement with Majlis Daerah Rembau (“MDR”) dated 27 October 1999 in relation to the Wet World Air Panas Pedas Resort, which is described in Section 16.6 (xxi) and has the following additional salient terms: (a) pursuant to Section 2 of the lease agreement, the land must be used for the development of a hot spring recreation together with a water theme park with certain facilities. Pedas Hot Spring has the right to renew the lease by giving one (1) year notice to MDR before expiry of the lease period; (b) pursuant to Section 5 of the lease agreement, MDR may terminate the lease agreement if Pedas Hot Spring did not, within thirty (30) days after the receipt of written notice from MDR, remedy defaults due to the non-compliance of the terms and conditions of the lease agreement which may result in MDR being charged or fined by the state authority, municipal council or any relevant authorities or court 01′ tribunal; and (c) pursuant to Section 2 of the lease agreement, MDR may terminate the lease agreement if Pedas Hot Spring fails to pay the rental within thirty (30) days fi·om the stipulated date or Pedas Hot Spring fails to remedy any breach of the lease agreement. lease agreement with Majlis Daerah Batu Pahat (“MDBP”) dated 29 May 1993 in relation to the Wet World Batu Pahat Village Resort, which is described in Section 16.6 (xxiii) and has the following additional salient terms: (a) pursuant to Section l(a) of the lease agreement, Platinum Attractions shall, at its own expense and cost, develop the land to include a cultural stage, sports arena, children’s playground, food stall, souvenir stall, restaurant / cafe, fishing area, swimming pool, bird park / garden / fish park, puppet palace, mini railway, antique cars, boating area and / or place for horse(s); (b) pursuant to Section 3(1) of the lease agreement, Platinum Attractions is allowed to install any equipment, machinery and any other apparatus, or construct or build any buildings, whether pelmanent or semi-permanent, on the land; (c) pursuant to Section 4(b) of the lease agreement, the lease agreement may be terminated if Platinum Attractions fails to pay the rental within fourteen (14) days f)’om the stipulated date or if Platinum Attractions is wound up or dissolved, either voluntarily or by court order or by creditors or Platinum Attractions fails to remedy any breach of the provisions of the lease agreement within fourteen (14) days afler the receipt of written notice from MDBP to remedy such breach; and -135 ­Company No.: I033338-KJ 6. BUSINESS OVERVIEW (Cont’d) (d) pursuant to Section 4(e) of the lease agreement, the lease agreement may be terminated by either party by giving not less than three (3) months’ prior notice in writing to the other party but the termination of the lease agreement shall not be detrimental to any claim by any party for breach of conditions in the lease agreement prior to termination. (4) privatisation agreement dated 30 March 1992 with the State Govel1lment of Johor Daml Takzim (“State”) in relation to Air Terjun Kota Tinggi, which is described in Section 16.6 (xxiv) and has the following additional salient terms: (a) the State undertakes to procure the State Secretary Incorporation (S.S.I.) to lease to Kota Tinggi Resort each of the parcels of land indicated in the layout plan in the agreement. The registration of the lease in favom of Kota Tinggi Resort shall be granted for a period of thirty (30) years with an option for the State to renew the lease for a further ofthi11y (30) years;
(b) the lease will be approved for tourism, chalets, commercial, holiday

homes) recreational purposes and for purposes appropriate to each of the separate parcels of land in accordance with the development plan; and (c) pursuant to Section 16 of the agreement, either party may terminate the agreement if: (aa) a default of the agreement by any party and such default is not remedied within sixty (60) days from the date of receipt of a written notice directing the defaulting party to remedy the default, the non-defaulting party shall be entitled to terminate the agreement in writing; and (bb) a C011dition of force m’\ieure continuing for a period of three (3) months, either party may terminate the agreement by serving one (I) month prior notice to the other party. (iv) the following agreements in relation to our KOMTAR Tower Revitalisation Project: (I) a principal agreement dated 19 December 2013 between World Equipment Sdn Bhd (Company No. 115923-W) (“World Equipment”) and Penang Development Corporation (“PDC”) (which has been novated from World Equipment Sdn Bhd to Magnificent Empire by a novation agreement dated 27 August 2013) (“Principal Agreement”) regarding the KOMTAR Tower Revitalisation Project and has the salient terms as set out below: (a) pursuant to Section 2.2 of the Principal Agreement, PDC undertakes to procure J lease of the common premises from the management corporation of KOMTAR and thereupon grant a sub­lease of the common premises to Magnificient Empire within fifteen (15) months from the date of the Principal Agreement. failing which Magnificent Empire shall be entitled to stop all upgrading work and by notice in writing to PDC, terminate the Principal Agreement; and (b) pursuant to Section 5 of the Principal Agreement, PDC shall be entitled to terminate the Principal Agreement if Magnificent Empire shall: -136 ­6. BUSINESS OVERVIEW (Con/’d) (2)
(3)

(aa) fail to payor otherwise owe more than nine (9) months’ rent in aggregate and further shall fail to remedy such breach within thirty (30) days after receipt of notice given by PDC to remedy such breach; (bb) fail to payor otherwise owe any other payment payable to PDC under the Principal Agreement, the Lease Agreement, the Sub-Lease Agreement or the Sub-License Agreement amounting to RM8,000,000.00 in aggregate and fluther shall fail to remedy such breach within thirty (30) days after receipt of notice given by PDC to remedy such breach; and (cc) fail to carry out or complete the upgrading works in accordance with the terns of and within the time as stipulated in the Principal Agreement; a lease agreement dated 19 December 2013 between World Equipment Sdn Bhd and PDC (which has been novated from World Equipment Sdn Bhd to Magnificent Empire by a novation agreement dated 27 August 2013) (“Lease Agreement”) regarding the KOMTAR Tower Revitalisation Project, in patticular, to lease the premises forming part of the KOMTAR Tower Revitalisation Project to Magnificent Empire, and has the salient terms as set out below: (a) pursuant to Section 9 of the Lease Agreement, PDC shall be entitled to terminate the Lease Agreement if Magnificent Empire shall: (aa) fail to payor otherwise owe more than nine (9) months’ rent in aggregate and further shall fail to remedy such breach within thirty (30) days after receipt of notice given by PDC to remedy such breach; (bb) fail to payor otherwise owe any other payment payable to PDC ,mder the Lease Agreement, the Principal Agreement, the Sub-Lease Agreement or the Sub-License Agreement amounting to RM8,OOO,000.00 in aggregate and further shall fail to remedy such breach within thirty (30) days after receipt of notice given by PDC to remedy such breach; and (cc) fail to carry out or complete the upgrading works in accordance with the terns of and within the time as stipulated in the Lease Agreement. a sub-lease agreement dated 19 December 2013 between World Equipment Sdn Bhd and PDC (which has been novated fi’om World Equipment Sdn Bhd to Magnificent Empire by a novation agreement dated 27 August 2013) (“Sub-Lease Agreement”) regarding the KOMTAR Tower Revitalisation Project, in particular, to sub-lease the common premises forming part of the KOMTAR Tower Revitalisation Project to Magnificent Empire, and has the salient terms as set out below: (a) pursuant to Section 9 of the Sub-Lease Agreement, PDC shall be entitled to terminate the Sub-Lease Agreement if Magnificent Empire shall: -137 ­6. BUSINESS OVERVIEW (Collt’il) (aa) fail to payor otherwise owe more than nine (9) months’ rent in aggregate and fUlther shall fail to remedy such breach within thirty (30) days after receipt of notice given by PDC to remedy such breach; (bb) fail to payor otherwise owe any other payment payable to PDC under the Lease Agreement, the Principal Agreement, the Sub-Lease Agreement or the Sub-License Agreement amounting to RM8,000,000.00 in aggregate and further shaJi fail to remedy such breach within thirty (30) days after receipt of notice given by PDC to remedy such breach; and (cc) fail to carry out or complete the upgrading works in accordance with the terms of and within the time as stipulated in this agreement. (4) a sub-licence agreement dated 19 December 2013 between World Equipment Sdn Bhd and PDC (which has been novated fi’om World Equipment Sdn Bhd to Magnificent Empire by a novation agreement dated 27 August 2013) (“Sub-Licence Agreement”) regarding the KOMTAR Tower Revitalisation Pr~ject, in particular, to sub-license common premises in Phase 2 of the KOMTAR Tower Revitalisation Project pending the grant of a lease ofthese common premises, and has the salient terms as set out below: (a) pursuant to Section 9 of the Sub-Licence Agreement, PDC shall be entitled to terminate the Sub-Licence Agreement if Magnificent Empire shall: (aa) fail to payor otherwise owe more than nine (9) months’ rent in aggregate and further shall fail to remedy such breach within thiJty (30) days after receipt of notice given by PDC to remedy such breach; (bb) fail to payor otherwise owe any other payment payable to PDC under the Lease Agreement, the Principal Agreement, the Sub-Lease Agreement or the Sub-Licence Agreement amounting to RM8,000,000.00 in aggregate and further shall fail to remedy such breach within thirty (30) days after receipt of notice given by PDC to remedy such breach; and (cc) fail to carry out or complete the upgrading works in accordance with the terms of and within the time as stipulated in the Sub-Licence Agreement. 6.14 Major Customers 6.14.1 Customers Representing Ten Pereent (10%) or More ofTot”1 Revenue Our Group does not have any individual customer that (lccounted for ten percent (10%) or more of our total revenue over the FYEs 30 June 2012,2013 and 2014. 6. BUSINESS OVERVIEW (Con/’d) 6.15 Majnr Suppliers 6.15.1 Suppliers Accounting for Teu Percent (10%) 01′ More of Total Purchases The table below lists the suppliers that accounted for ten percent (10%) or more of our total Group purchases over the FYEs 30 .lune 2012, 2013 and 2014. The purchases comprised mainly of frozen poultry meat. FYE 30 June 2012  FYE 30 June 2013  FYE 30 June 2014  % of  % of  % of  Group  Group  Group  Purchases  purchases  Purchases  purchases  Purchases  purchases  (RM’OOO)  (%)  (RM’OOO)  (%)  (RM’OOO)  (%)  Fann’s Best Food Induslries Sdn Bhd  2,669  15.02  1,250  6.93  829  5.17  Manybrown Sdn Bhd  2,383  13.41  2,527  14.01  2,000  12.47  Total Group purchases (RM’OOO)  17,773  18,042  16,044
6.15.2 Mitigating Factors against Dependency on Suppliers Our Group is relatively dependent on our two (2) largest suppliers, Farm’s Best Food Industries Sdn Bhd and Marrybrown Sdu Bhd by virtue of their contribution of more than ten percent (l0%) each of our total purchases of materials for the financial years under review, save for the FYE 30 .lune 2013 and FYE 30 .lune 2014 whereby only MalTybrown Sdn Bhd accounted to more than ten percent (10%) of the total Group purchases. Both Farm’s Best Food Industries Sdn Bhd and MalTybrown Sdn Bhd have been our suppliers for a relatively long time, with seven (7) years and fifteen (15) years business relationship with our Group, respectively. This indicates that we have a stable business relationship with these suppliers. In addition, we cnn pmchase chicken meat from other suppliers, which mitigate our dependency on Farm’s Best Food Industries Sdn Bhd. Although our franchise agreement with Marrybrown Sdn Bhd stipulates that we are required to purchase chicken meat and other products served at and used by our Marrybrown outlets from Marrybrown Sdn Bhd, our dependency is partially mitigated as we may also purchase chicken meat and other products from suppliers authorised by Marrybrown Sdn Bhd. Company No.: 1033338-Kl 6. BUSINESS OVERVIEW (Cont’d) 6.16 Approvals, Major Licences and Permits 6.16.1 Subsisting Approvals, Major Licences and Permits As at the LPD, save as disclosed betow, there are no other approvals, major licences and permits obtained by our Group:

[<:ompany No.: 1033338-K] 6. BUSINESS OVERVIEW (Conl’dj Expiry date I no. I Registration no. / Issuing Licence no. / Certificate I Issue I Validity No. Subject matter I Purpose Renewal date periodReference no. / Serial noBhority 5. 734722/09/01/14 Majlis 09.01.2014 31.12.2014 Perbandaran Entertainment licence to operate business of a museum at F!L2A­g 19A, Level T2A Mezzanine, First World Plaza, 69000 GentingI—=ton Highlands, Pahang Daml Makmur. 6. 734724/09/01!l4 Majlis 09.01.2014 31.12.2014 Perbandaran Entertainment licence to operate business of haunted advenrure at Bentong Lot FIL 2A.19A, Level 2A, First World Plaza, First World Hotel, Genting Highlands Resort, 69000 Genting Highlands, Pahang Darnl Makmur. 20.01.2015 Perbandaran Licence to operate a photo kiosk at 20.11.20137. L050179304477 MajIis Digiphoto, Exits of Snow World at Bentong Level 2A, First World Plaza, 69000 Genting Highlands, Pahang Darnl Makrnur. 03.09.2014
11.09.2015 Perbandaran 8. L050l81004616 Majtis Licence to operate a souvenir shop at Lot FIL 2A.19A, Level 2A, Bentong First World Plaza, 69000 Genting Highlands, Pahang Daml Makrnur. u Major conditions imposed Business hour is from 10.00 a.m. to
12.00 a.m.
Business hour is from 10.00 a.m. to 12.00 a.m.
(i) Licence must be displayed at all times.
(ii) Licence must be renewed prior to 30th January of every year.

(iii) The company must inform Majlis Perbandaran Bentong in the event of termination of the company’s business. (i) Licence must be displayed at all times.
(ii) Licence must be renewed prior to 30th January of every year.

(iii) The company must inform Majlis Perbandaran Bentong in the event of termination of the company’s business. Status of compliance  Complied  Complied  Complied  Complied

CompallY No.: I033338-K J 6. BUSINESS OVERVIEW (Cont’d) I I  No.  9.  10.  II.
Licence 110. / Certificate 110. / Registration no. /
I Reference no. / Serial no. L0501811046!5 L050181504610 L050181204614 ~ Major conditions imposed compliance
Complied times. (i) Licence must be displayed at all
(ii) Licence must be renewed prior to 30lh January of every year.

(iii) The company must inform MajIis Perbandaran Bentong in the event of termination of the company’s business.

Complied times. (i) Licence must be displayed at all
(ii) Licence must be renewed prior to 30th January of every year.

(iii) The company must infonn MajIis Perbandaran Bentong in the event of termination of the company’s business. Complied times. (i) Licence must be displayed at all
(ii) Licence must be renewed prior to 30th January of every year.

(iii) The company must infonn Majlis Perbandaran Bentong in the event of tennination of the company’s business. ccom;any No.: I033338-K 1 6. BUSINESS OVERVIEW (Cont’d) No.  12.  13.  14.
Licence no. / Certificate no. I Registration no. I Reference no. I Serial no. L050lS1904604 L050181304612 L050 181804605 Issuing authority  Majlls Perbandaran Bentong  MajEs Perbandaran Bentong  MajIis Peroandaran Bentong
Subject matter / Purpose Licence to operate a fortune telling shop at Lot FIL 2A.19A, Level 2A, First World Plaza, 69000 Genting Highlands, Pahang Darnl Makmur. Licence to operate a shop selling curio goods at Lot FIL 2A19A, Level 2A, First World Plaza, 69000 Genting Highlands, Pahang Daml Makmur. Licence to operate a shop selling magic accessories at Lot FIL 2A.19A, Level 2A, First World Plaza, 69000 Genting Highlands, Pahang Darnl Makmur. Issue I Renewal date  03.09.2014  03.09.2014  03.09.2014
I Expiry date I Validity period 11.09.2015 11.09.2015 11.09.2015
1­ Major conditions imposed  (i)  Licence must be displayed times.  at  all  (il)  Licence must be renewed prior to 30th January ofevery year.
(iii) The company must inform Majlis Perbandaran Bentong in the event of tennination of the company’s business. (i) Licence must be displayed at all times.
(ii) Licence must be renewed prior to 30th Januaryofevery year.

(iii) The company must infonn Majlis Perbandaran Bentong in the event of tennination of the company’s business. (i) Licence must be displayed at all times.
(ii) Licence must be renewed prior to 30th January ofevery year.

(iii) The company must infonn Majlis Perbandaran Bentong in the event of tennination of the company’s business. l  Status of  compliance  Complied  Complied  Complied

[CillfiPallY No.: l0333~ 6. BUSINESS OVERVIEW (Cont’d) Licence no. 1 Certificate ~~ no. / Registration no. 1 Issuing I Reference no. 1Serial no. authority 15.  L05012980Z156  MajUs  Licence to operate a restaurant at  20.11.2013  31.12.2014  (i)  Licence must be displayed at all  Complied  Pcrbandaran  Marrybro\’III, Lot F/L2.19, Level  times.  Bentong  T2, First World Hotel Genting, 69000 Genting Highlands, Pahang Darnl Makmur.  (ii)  Licence must be renewed prior to 30lh January of every year.  (iii) The company must inform Majlis  Perbandaran Bentong in the event  of termination of the company’s  business.  L050 184604851  Majlis  Licence to operate a restaurant at  19.09.2014  18.09.2015  (i)  Licence must be displayed at all  Complied  Perbandaran  Marrybrown,  Lot  G/LG21.00,  times.  Bentong  Genting  Grand  Hotel,  Genting  (ii)  Licence must be renewed prior to  Highlands Resort, 69000 Genting Highlands, Pahang Darnl Makmur.  30th January of every year.  (iii) The company must inform Majlis  Perbandaran Bentong in the event  of termination of the company’s  business.

17.  OU10I0620110001  Majlis  Licence  for  food  industry,  24.12.2013  31.12.2014  Not applicable  Bandaraya  warehouse,  oil/gas  /  liquid  Shah Alam  industry and shaft at No.lO, Jalan  Pelukis Ul/46, Temasya Industrial  Park,  Seksyen  VI,  40150  Shah  Alam, Selangor Darnl Ehsan.
[Company No.: 1033338-K”l 6. BUSINESS OVERVIEW (Conl’d) Licence no. / Certificate  Expiry date /  no. / Registration no. /  Issuing  Status ofValidityIssue /  No.  Reference no. / Serial no.  authority  complianceMajor conditions imposed periodRenewal dateSubject matter / Purpose —\—–+—-…Jf———-f———1  18.  0B12/86435  S0S United  ISO 22000:2005 Certificate for 16.08.2012 From Not applicable  Kingdom Ltd  production of frozen raw and 16.08.2012  cooked dim sum, frozen cooked to  chicken and vegetables, frozen 16.08.2015  cooked sauces and paste, frozen  cooked pasta, frozen pizza and  pizza rolls, frozen burger, frozen  marinated chicken and beef from  receiving of materials, preparation,  cooking / processing, packing,  storage and delivery; repacking of  groceries and food items from  receiving materials, packing,  storage and delivery; and packing  of dry mix from receiving  materials, mixing, packing, storage  and delivery at No. 10, Jalan  Pelukis UJl46, Seksyen UI,  Temasya Industrial Park,  Glenmarie, 40150 Shah Alam,  Selangor Dand Ehsan.
~ompany No.: I033338-K] 6. BUSINESS OVERVIEW (Conl’d) Licence  no.  I  Certificate  Expiry date /  no.  J  Registration  no.  I  Issuing  Issue I  Validity  Status of  No.  Reference no.! Serial no.  authority  Subject matter I Purpose  Renewal date  period  Major eonditions imposed  compliance  19.  MY 12100998  SGS  ISO  22000:2005  Certificate  for  16.08.2012  From  Not applicable  (Malaysia) Sdn  production  of  frozen  raw  and  16.08.2012  Bhd  cooked  dim  sum,  frozen  cooked  to  chicken  and  vegetables,  frozen  16.08.2015  cooked  sauces  and  paste,  frozen  cooked  pasta,  frozen  pizza  and  pizza rolls, frozen burger, frozen  marinated chicken and beef from  receiving of materials, preparation,  cooking  I  proeessing,  packing,  storage and delivery; repacking of  groceries  and  food  items  from  receiving  materials,  packing,  storage and delivery; and packing  of  dry  mix  from  receiving  materials, mixing, packing, storage  U_________—.J  and delivery at No. 10, Jalan Pelukis Ul/46, Seksyen Ul,’ Temasya Industrial Park, Glenmarie, 40150 Shah Alam, LS_el_a_no_oo_r_D_a_ru_I_E_h_s_an_, -l  –‘  -‘­ L-­ —”
[COffiPany No.: I033338-K I 6. BUSINESS OVERVIEW (Cont’d) Licence no. I Certificate  Expiry date I  no. I Registration no. I  Issuing  Issue I  Validity  Status of  No. Reference no./ Serial no.  authority  Subject matter I Purpose  Renewal date  period  Major conditions imposed  compliance  r~ MYIl2/00997  SGS  GMP Codex Alirnentarius  16.08.2012  From  Not applicable  (Malaysia) Sdn  Certificate for production of  16.08.2012  Bhd  frozen raw and cooked dim sum,  to  frozen cooked chicken and  16.08.2015  vegetables, frozen cooked sauces  and paste, frozen cooked pasta,  frozen pizza and pizza rolls, frozen  burger, frozen marinated chicken  and beef from receiving of  materials, preparation, cooking I  processing, packing, storage and  delivery; repacking of groceries  and food items from receiving  materials, packing, storage and  delivery; and packing of dry mix  from receiving materials, mixing,  packing, storage and delivery at  No. 10, Jalan Pelukis U1I46,  Seksyen VI, Temasya Industrial  Park, Glenmarie, 40150 Shah  I I  Alam, Selangor Darul Ehsan.
[<impaoy No.: I033338-KJ 6. BUSINESS OVERVIEW (Cont’d) ~~e no. / Certificate  no. / Registration no. /  Issuing  No. ! Reference no. / Serial no.  authority  21.  MY112100996  SGS  (Malaysia) Sdn  Bhd  I
Subject matter / Purpose Hazard Analysis and Critical Control Point (RACCP) Codex AJirnentarius Certificate for production of frozen raw and cooked dim sum, frozen cooked chicken and vegetables, frozen cooked sauces and paste, frozen cooked pasta, frozen pizza and pizza rolls, frozen burger, frozen marinated chicken and beef from receiving of materials, preparation, cooking / processing, packing, storage and delivery; repacking of groceries and food items from receiving materials, packing, storage and delivery; and packing of dry mIx from receiving materials, mixing, packing, storage and delivery at No. 10, Jalan Pelukis Ul/46, Seksyen UI, Temasya Industrial Park, Glenmarie, 40150 Shah Alam, Selangor Darnl Ehsan. Expiry date /  Issue /  Validity  Status of  Renewal date  period  Major conditions imposed  compliance  16.08.2012  From 16.08.2012 to 16.08.2015  – Not applicable
I Company No.: 1033338-K I 6. BUSINESS OVERVIEW (Conl’d) No.  22.  23.  24.
~l Licence no. I Certificate no. I Registration no. I Reference no. I Serial no. JAKIM/(S)/(22.00)/492/2/1 046-03/20 II No. MBSA:CFI552 B07P3130522·007472 Expiry date I Issuing Issue I
Validity authority Subject matter I Purpose Renewal date period Department of MS 1500:2009 Halal Certification 01.12.2013 30.11.2015
Islamic of Authentication at No.IO, Jalan Development Pelukis V 1146, Seksyen VI, Malaysia
Temasya Industrial Park, Glenmarie, 40150 Shah Alam, I
Selangor Darul Ehsan. -12.07.2010
Maj1is Certificate of Completion and Bandaraya Compliance issued for One Shah Alam
hundred and thirty three (133) units of two-storey terrace houses at Jalan Jururancang UJ/61B, Jalan Polis UJ/55 and Jalan Jurubina VI/61A. 03.06.2014
22.05.2016 Health Ministry of Certificate of registration for food premise at No.10, Jalan Pelukis UJ/46, Seksyen Ul, Temasya Industrial Park, Glenmarie, 40150 Shah Alam, Selangor Darn] Ehsan. Major conditions imposed
(i) The certificate shall not be traded, transferred nor shall its content be altered.
(ii) Any changes to name or address of the company, factory or premise, name of the product, ingredients, suppliers or anything related shall be informed in writing to the Director General of the Department of Islamic Development of Malaysia (JAKJM).

(iii) The certificate holder shall exhibit the Logo on the product of the approved premise as stated in the certificate. . -Status of compliance  Complied  Not applicable  Not applicable

I Company No.: I033338-K J 6. BUSINESS OVERVIEW (Cont’d)
Jalan Lombong, 81900 Kota Tinggi, Johor Darul Takzim.
26. 2020602831994 Complied Kota Tinggi Licence must be displayed at all times. Majlis Oaerah Licence to operate food stall at
05.01.2014 31.12.2014
PTD 10930, KM16, Jalan Lombong, 81900 Kota Tinggi, Johor DaTUl Takzim.
Complied Kota Tinggi Licence must be displayed at all times. Majlis Oaerah Licence to display advertisement
05.01.2014 31.12.2014
~ 5060602132003 sign with height of 10 meter square.
Not applicable Health 28. J02P3130529-006289 29.05.2016
Ministry of Certificate of registration for food
23.04.2014
premise at KM16, JaJan Lombong, 89100 Kota Tinggi, Johor Daml Takzim. 29. 2908 KPKlLNI900 Ministry of Certificate for the registration of Tourism tourist accommodation premises under the Tourism Industry Act, 1992 (Act 482) at KM 16, lalan Lombong, 81900 Kota Tinggi, Johor Daml Takzim. MDKTfB/2669 Majlis Daerah Certificate of Completion and Kota Tinggi Compliance issued for ten (l0) units detached chalets and one (I) dressing room only at Jalan Lombong, Pusat Peranginan Air Terjun. Complied
The relevant rules under the Tourism02.10.2013 Industry Act, 1992 (Act 482). Not applicable23.09.2003
Company No.: 103333s=K”J 6. BUSINESS OVERVIEW (Cont’d) nucence no. / Certificate Expiry date / no. / Registration no. /
Status ofValidityIssuing Issue f Major conditions imposed complianceNo. Reference no. / Serial no.
Renewal date periodauthority Subject matter I Purpose
Not applicable Kota Tinggi 31. MDKT/B/2669/l Majlis Daerah Certificate of Completion and 23.09.2003 Compliance issued for one (1) club house only at lalan Lombong, Pusat Peranginan Air Terjun. Not applicable KOla Tinggi 32. MDKT/TIBIKT/2669-4 23.09.2003Majlis Daerah Certificate of Completion and Compliance issued for one (1) storey office building, entrance arch and two (2) ticketing booth at Lot 10930, part of Lot 894 & 895, Jalan Lombong. Not applicable Kola Tlnggi Certificate of Completion and 23.09.200333. MDKT/T/B/KT/2669-2 Majlis Daerah Compliance issued for six (6) units food stal!, souvenir shop, four (4) blocks chalet, stall for snack and restaurant at Jalan Lombong, Kota Tinggi, Johor Dam! Takzim.
ICompany No.: 1033338-K –l~’­6. BUSINESS OVERVIEW (Cont’d) Licence no. I Certificate Expiry date / no. ! Registration no. / Status of No. Issuing ValidityIssue I
Reference no. I Serial nO. Major conditions imposed
compliance [–[——–+——-I————j——-+—-+————–I——-­authority Subject matter I Purpose Renewal date period Complied Perbandaran 35. G05010n00751 31.l2.2014 (i) Lic~nce must be displayed at allMajIis Licence to sell snacks at Market 08.09.2014
times. Bentong
Food Street, FIL2.C5, Level 2, First World Plaza, 69000 Pahang (ij) Licence must be renewed prior to Darul MakmuL 30th January of every year. (iii) The company must infonn Majlis Perbandaran Bentong in the event of termination of the eompany’s business. Complied Perbandaran 31.l2.2014
(i) Licence must be displayed at allLicence to operate restaurant at I 20.11.2013
L050160203568 Majlis times. Bentong I First World Hotel, Genting
Meter Teh, Lot FILl. I, Level TI, (ii) Licence must be renewed prior to Highlands Plaza, 69000 Genting 30th January of every year. Highlands, Pahang Darnl Makmur. (iii) The company must inform Maj1is Perbandaran Bentong in the event  of termination  of the  company’s  business.  37.  L050 180404565  Majlis  Licence to operate snacks counter  09.05.2014  27.05.2015  (i)  Licence must be displayed  at  all  Complied  Perbandaran  at Only Easy Store, Lot FIL 2AM,  times.  Bentong  Level First  2AM, First World Plaza, World Hotel, Genting  (ii)  Licence must be renewed prior to 30th January of every year.  Highlands Resort, 69000 Genring  Highlands, Pahang Darnl Makmur.  (iii)  The company must infonn MajIis  Perbandaran Bentong in the event  of termination of the  company’s  L.-_…L  I  LI  l­ ..L  l­__b_u_s_in_e_ss_.  L.­ —.J
~()mpany No.: l03333s=KJ 6. BUSINESS OVERVIEW (Cont’dj ~ce no.  I  Certificate  Expiry date I  ~  no.  I  Registration  no.  I  Issuing  Issue I  Validity  No.  Reference no. I Serial no.  authority  Subject matter / Purpose  Renewal date  period  Major conditions imposed  38.  L050 184304821  Majlis  Licence to operate a cafe at Easy  08.07.2014  06.07.2015  (i)  Licence must be displayed at all  Perbandaran  Store.  Lot  GILG6.00,  Genting  times.  Bentong  Grand Hotel, Genting Highlands Resort, 69000 Genting Highlands, Pahang Dam] Makmur.  (ii)  Licence must be renewed prior to 30lh January of every year.  (iii) The company must inform Majlis  Perbandaran Bentong in the event  of termination  of the  company’s  business.
Status or compliance Complied I
39  AR 5374  S1R1M QAS  MS  1480:2007  Food  Safety  International  According to Hazard Analysis and  Sdn Bhd  Critical  Control  Point  (HACCP)  System (First Revision) Certificate  for  food  court  management  I  covering  the  provision  and  maintenance  of facilities  for  the  preparation and sales of the food  by outlet (Only Easy Cafe), receipt  of  raw  materials,  preparation,  cooking of food up to  serving 10  customers  by  the  outlet  (Only  Easy Cafe)  at First World Plaza,  Times  Square,  69000  Genting  Highlands, Pahang Darnl Makmur.
19.02.2014  From  During the validity period of certificate,  Complied  28.01.2014  to  the certificate holder agrees to continue  25.11.2016  to carry out bonafide business and at all  times  comply  with  all  statutory  requirements applicable to its scope of  operation.
I Company No.: I033338-K I 6. BUSINESS OVERVIEW (Con/’d) No.  40.  41.
Licence no. I Certificate no. I Registration no. I Reference no. / Serial no. MY-AR 5374 AR 5375 Issuing authority  Subject matter / Purpose  Issue / Renewal date  Expiry date / Validity period  IQNET and  MS 1480:2007 Food Safety  19.02.2014  From  SlRIMQAS  System Certificate for food court  19.02.2014  International  management covering the  to  Sdn Bhd  provIsIOn and maintenance of facilities for the preparation and sales of the food by outlet (Only Easy Cafe), receipt of raw materials, preparation, cooking of food up to serving to customers by the outlet (Only Easy Cafe) at First World Plaza, Times Square, 69000 Genting Highlands, Pahang Darul !\.fakmur.  25.11.2016  SIRIM QAS International Sdn Bhd  ISO 22000:2005 Food Safety Management System Certificate for food court management covering the proVISIOn and maintenance of facilities for the preparation and sales of the food by outlet (Only Easy Cafe), receipt of raw materials, preparation, cooking of food up to serving to customers by the outlet (Only Easy Cafe) at First World Plaza, Times Square, 69000 Genting Highlands, Pahang Darnl Makmur.  19.02.2014  From 19.02.2014 to 25.11.2016
Major conditions imposed –
During the validity period of certificate, the certificate holder agrees to continue to carry out bonafide business and at all times comply with all statutory requirements applicable to its scope of operation. Status of compliance  Not applicable  Complied

[<::ompany No.: 1033338-K I 6. BUSINESS OVERVIEW (Conl’d) r Expiry date I no. / Registration no. I Issuing
Licence no. / Certificate Status of No. Reference no. I Serial no. authority Subject matter I Purpose Issue / Validity complianceRenewal date period Major conditions imposed
f-4-2-.-+-M-Y-.A-R-5-3-75—–+–I-Q-N-E-T-an-d-·flso 22000:2005 Food Safety Not applicable19.02.2014 From 19.02.2014
I SIRIM QAS Management Systems Certificate International for food court management to
Sdn Bhd covering the provision and 25.11.2016
maintenance of facilities for the preparation and sales of the food by outlet (Only Easy Cafe), receipt of raw materials, preparation, eooking of food up to serving to customers by the outlet (Only Easy Cafe) at First World Plaza,
Times Square, 69000 Genting Highlands, Pahang Darnl Makmur. Complied
During the validity period of certificate,FromMS 1514:2009 Good 19.02.2014
GMP 016 SIRIM QAS the certificate holder agrees to continue19.02.2014
Manufacturing Practice (GMP) forrntemational to carry out bona fide business and at for food court management to
Sdn Bhd Food (First Revision) Certificate all times comply with all statutory covering the provision and 25.11.2016
requirements applicable to its scope of maintenance of facilities for the operation. preparation and sales of food by outlet, receipt of raw materials, preparation, cooking of food up to serving to customers by the outlet at First World Plaza, Times Square, 69000 Genting Highlands, Pahang Darnl Makmur. L_—-‘ —‘-_’__ ~ …l.-~ _’__ ­~pany No.: l033338-K 6. BUS1NESS OVERVIEW (Cont’d)
Licence no. I Certificate Expiry date J
no. ! Registration no. I Issuing ValidityIssue J Status of
No. Reference no. I Serial no. authority compliance
Subject matter / Purpose Renewal date period Major conditions imposed
Bandaraya of junk food, recreational Shah Alam activities, illuminated advertisement and shaft at Taman Tema Air Wet World, No.3A, Persiaran Data’ Menteri, Seksyen 14, 40000 Shah Alam, Selangor Darnl Ehsan. 45. 002040120030001 Majlis Licence for illuminated Bandaraya advertisement, restaurant and shaft Shah Alam at Taman Tema Air Wet World, No.3A, Persiaran Data’ Menteri, Seksyen 14, 40000 Shah Alam, Selangor Darn] Ehsan. 46. 0[4021320040001 Maj1is Licence for nursery and shaft at Bandaraya Taman Tema Air Wet World, Shah Alam No.3A, Persiaran Data’ Menteri, Seksyen [4, 40000 Shah Alam, Selangor DarnI Ehsan. 47. LOl4l50120130007 Majlis Licence for the entertainment Bandaraya licence (0 operate a recreation park Shah Alam and nine (9) units kiddies rides at Taman Terna Air Wet World, No.3A, Persiaran Dato’ Menteri, Seksyen [4, 40000 Shah Alam, Selangor Darnl Ehsan. 48. B07P3130529-007574 Ministry of Certificate of registration for food Health premise at Taman Tasik Barat, Seksyen 14, 40000 Shah Alam, Selangor Daml Ehsan. Not applicable 31.12.201424.12.2013 Not applicable 31.12.201424.12.2013 Not applicable 03.07.2014 31.12.2014 Not applicable03.06.2014 29.05.2016
I Company No.: l033338-K 6. BUSINESS OVERVIEW (Cont’d) No. 49. jO.  Licence 00. / Certificate 00. / Registration no. / Refercoce no. / Serial 00. B07P3130529-007576 No. MBSA:CF 1629  Issuing authority Ministry of Health Majlis Bandaraya Shah Alam  Subject matter / Purpose Certificate of registration for food premise at F&B Marquee, Wet World Shah Alam, 40000 Shah Alam, Selangor Darul Ehsan. Certificate of fitness for occupation for the Wet World at Tasik Barat lone W-2, Persiaran Data Menteri, Seksyenl4, 40000 Shah Alam, Selangor Daml Ehsan.  Issue / Renewal date 03.06.2014 26.09.2014  Expiry date / Validity period 29.0j.2016  Major conditions imposed  Status of compliaoce Not applicable Not applicable  51. 52.  L050144402818 I05015jl02227  Majlis Perbandaran Bentong MajIis Perbandaran Bentong  Licence to operate restaurant at Only Mee, Lot F/L2.9A, Level T2, First World Hotel, 69000 Genting Highlands, Pahang Daml Makmur. Licence for non-illuminated advertisement “Only Mee” at Lot F/L2.9A, Level T2, First World Plaza, 69000 Genting Highlands, Pahang Darul MakmuT.  20.11.2013 08.01.2014  31.12.2014 31.12.2014  (i) Licence must be displayed at all times. (Ii) Licence must be renewed prior to 30’h January of every year. (iii) The company must inform Majlis Perbandaran Bentong in the event of termination of the company’s business. (i) Licence must be displayed at all times. (ii) Licence must be renewed prior to 30th Jaouary ofevery year. (iii) The company must inform Majlis Perbandaran Bentong in the event of termination of the company’s business.  Complied Complied
I Company No.: I033338-K] 6. BUSINESS OVERVIEW (Conl’d) No.  53.  54.  55.  56.
Licence no. I Certificate no. I Registration no. I Reference no. I Serial no. 014040120050017 L014140 120140012­(LSMT) FSOO1392 AR 5368 Issuing authority  Subject matter I Purpose  Issue I Renewal date  Expiry date / Validity period  MajIis  Licence for restaurant, illuminated  24.12.2013  31.12.2014  Bandaraya  and non-illuminated  Shah A1am  advertisements at Lot No. GF-27, Tingkat Bawah, SACC Mall, Ja1an Perbandaran 14/9, Seksyen 14, 40000 Shah Alam, Se1angor Daml Ehsan.  MajIis  Licence for restaurant at Lot No.  26.09.2014  31.07.2015  Bandaraya  GF-27A, Tingkat Bawah,  ShahA1am  Persiaran Perbandaran 14/9, Pusat Bandar Shah Alam, Seksyen 14, 40000 Shah Alam, Se1angor Dam1 Ehsan.  Majlis  Licence to operate business on  23.10.2013  31.12.2014  Bandaraya  F&B at 1st Floor, Lot L1L-OI,  Kuching  MASB, Kuching International  Selatan  Airport, 93250 Kuching, Sarawak.  SrR1M QAS  MS 1480:2007 Food Safety  19.02.2014  From  International  According to Hazard Analysis and  19.02.2014  Sdn Bhd  Critical Control Point (HACCP) System (First Revision) Certificate for food court management covering the provision and maintenance of facilities for the preparation and sales of the food by outlets (Only Mee), receipt of raw materials, preparation, cooking of food up to serving to customers by the outlets (Only Mee at First World Plaza, Times Square, 69000 Genting Highlands, Pahang Darnl Makmur.  to 25.11.2016
Major conditions imposed —
During the validity period of certificate, the certificate holder agrees to continue to carry out bonafide business and at all times comply with all stahltory requirements applicable to its scope of operation. Status of compliance  Not applicable  Not applicable  Not applicable  Complied

[company No.: 1033338-K ] 6. BUSINESS OVERVIEW (Cont’d) No.  Licence no. I Certificate no. / Registration no. I Reference no. I Serial no.  Issuing authority  Subject matter / Purpose  Issue I Renewal date  Expiry date {Validity period  57. 58.  MY-AR 5368 AR 5369  IQNETand SIRIM QAS International Sdn Bhd I “~Q”International Sdn Bhd !  MS 1480:2007 Food Safety System Certificate for food court management covering the provision and maintenance of facilities for the preparation and sales of the food by outlets (Only Mee), receipt of raw materials, preparation, cooking of food up to serving to customers by the outlets (Only Mee) at First World Plaza, Times Square, 69000 Genring Highlands, Pahang Daml Makmur. ISO 22000:2005 Food Safety Management Systems Certificate for food court management covering the provision and maintenance of facilities for the preparation and sales of the food by outlets (Only Mee), receipt of raw ma[eria!s, preparation, cooking of food up to serving to customers by the outlets (Only Mee) at First World Plaza, Times Square, 69000 Genting Highlands, Pahang Darnl Makmur.  I  19.02.2014 19.02.2014  From 19.02.2014 to 25.11.2016 From 19.02.2014 to 25.11.2016
Major conditions imposed –
During the validity period of certificate, the certificate holder agrees to continue to carry out bona fide business and at all times comply with all starutory requirements applicable to its scope of operation.

[?mpany No.: 1033338-1{] 6. BUSINESS OVERVIEW (Cont’d) Licence  no.  I  Certificate  Expiry date  no.  /  Registration  no.  I  Issuing  Issue /  I Validity  Status of  No.  Reference no. JSerial no.  authority  Subject matter I Purpose  Renewal date  period  Major conditions imposed  compliance
59.
MY-AR 5369 IQNET and 19,02.2014 From
Not applicable SIRIM QAS ISO 22000:2005 Food Safety 19.02,2014 International Management Systems Certificate for food court management to SdnBhd
covering the provision and 25.11.2016 maintenance of facilities for the preparation and sales of the food by outlets (Only Mee), receipt of raw materials, preparation, cooking of food up to serving to customers by the outlets (Only Mee) at First World Plaza, Times Square, 69000 Genting Higblands, Pahang Darnl Makrnur. Complied International During the validity period of19.02.2014 FromMS 1514:2009 Good60.
GMP013 SIRIM QAS certificate, the certificate holder Sdn Bhd 19.02.2014Manufacturing Practice (GMP) for agrees to continue to carry out bona for food court management toFood (First Revision) Certificate fide business and at all times comply covering the provision and 25.11.2016 with aU statutory requirements maintenance of facilities for the applicable to its scope of operation. preparation and sales of the food by outlets (Only Mee), receipt of raw materials, preparation, cooking of food up to serving to customers by the outlets (Only Mee) at First World Plaza, Times Square, 69000 Genting Highlands, Pahang Darul Makmur. _____….l…..–‘——_—‘-_—–I. …L..–_~LL l
Company No.: I033338-K I 6. BUSINESS OVERVIEW (Conl’d) No.  Licence no. / Certificate no. I Registration no. J Reference no. / Serial no.  Issuing authority  61.  JAKIM/(S)f(22.00)/492/2/0 69-03/2006  Department of Islamic Development Malaysia
Expiry  date I  Issue I  Validity  Subject matter I Purpose  Renewal date  period  Major conditions imposed  MS 1500:2009 Halal Certification  16.05.20]4  15.05.2016  0)  The certiflcate shall not be traded,  of Authentication  at  Only  Mee,  transferred nor shall its content be  Lot  27B,  Ground  Floor,  SACC  altered.  Mall, 3F-02, Jalan Perbadanan 14/9,40000 Selangor Daml Ehsan.  (ii)  Any changes to name or address of the company, factory or  premise,  name  of  the  product,  ingredients, suppliers  or  anything  related  shall  be  infonned  in  writing to the Director General of  the  Department  of  Islamic  Development  of  Malaysia  (JAKIM).  (iii) The certificate holder shall exhibit  the  Logo  on  the  product  of the  approved premise as stated in the  certificate.
Status of compliance Complied

63. No. 440 Majlis Daerah Rembau _’———-‘————-‘—-­[COffipany No.: l033338-K I 6. BUSINESS OVERVIEW (ContJd)

 

Complied F&B at Lot MLO 138 & Lot PTD 11383, Mukim Simpang Kanan, Daerah Batu Pahat, 83000 Batu Pahat, lohor DaTUl Takzim. 31.12.2014
Licence must be displayed at all times. Licence to operate business of 01.01.2014 67. Ll0002622 Majlis Perbandaran Batu Pahat
Majlis~lBlOOOOO” Perbandaran I Batu Pahat L Complied MLO 138 & Lot PTD 1J383, Mukim Simpang Kanan, Daerah Batu Pahat, Bukit Pasir, 83000 Batu Pahat, lohor Darul Talczim. 31.12.2014
Licence must be displayed at all times. Licence to sell souvenir at at Lot 01.01.2014 Licence  for  billboard  in front  of  01.01.2014  31.12.2014  Licence must be displayed at all times.  Complied  Wet World at Lot MLO 138 & Lot  PID  11383,  Mukim  Simpang  Kanan, Daerah Batu Pahat, 83000  Batu Pahat, lohor Darnl Takzim.  —‘-­
–‘—~_—l….-_~_~ I Company No.: I033338-K I 6. BUSINESS OVERVIEW (Cont’d) No.  69.  70.
Licence no. I Certificate no. I Registration no. I Reference no. I Serial no. Major conditions imposed
(i) Licence mllst be displayed at all times. L0501639 03774 (ii) Licence must be renewed prior to 30lh January ofevery year. (iii) The company must inform Majfis Perbandaran Bentong in the event of termination of the company’s business. MY-AR 5372 –
Expiry date  Issuing  Issue I  I Validity  authority  Subject matter / Purpose  Renewal date  period  Majlis  Licence to operate reslaurant at JR  20.11.2013  31.12.2014  Perbandaran  Curry, Lot FJL2.9, Level T2, First  Bentong  World Hotel, 69000 Genting  Highlands, Pahang Darul Makmur.  lQNET and SIRlM QAS International Sdn Bhd  MS 1480:2007 Food Safety System Certificate for food court management covering the provision and maintenance of facilities for the preparation and sales of the food by outlets (JR Curry), receipt of raw materials, preparation, cooking of food up to serving to customers by the outlets (JR Curry) at First World Plaza, Times Square, 69000 Genting Highlands, Pahang Darul Makmur.  19.02.2014  From 19.02.2014 to 25.11.2016
Status of complianee  Complied  Not applicable
Company No.: l033338-K I 6. BUSINESS OVERVIEW (Cont’d) Licence  no.  /  Certificate I  Expiry date  no.  /  Registration  no.  I I  Issuing  Issue J  / Validity  Status of  No.  Reference no./ Serial no.  authority  Subject matter / Purpose  Renewal date  period  Mltjor conditions imposed  c.ompliance  t-7 -1-.+A-R-53-7-2——-+-S-IR-I-M-Q-A~MS  1480:2007  Food  Safety  19.02.2014  From  During  the  validity  period  of  Complied  fnternational  According to Hazard Analysis and  19.02.2014  certificate,  the  certificate  holder  Sdn Bhd  Critical  Control  Point  (RACCP)  to  agrees to continue to  carry out bona  System (First Revision) Certificate  25.11.2016  fide business and at all times comply  for  food  court  management  with  all  statutory  requirements  covering  the  provision  and  applicable to its scope of operation.  maintenance  of facilities  for  the  preparation and sales of the food  by outlets  (JR Curry), receipt of  raw  materials,  preparation,  cooking of food up to serving to  customers by the outlets (JR Curry  at  First  World  Plaza,  Times  Square, 69000 Genting Highlands,  Pahang Dam! Makmur.
Not applicable SIRIM QAS 19.02.2014 From72.
MY-AR 5373 IQNETand ISO 22000:2005 Food Safety 19.02.2014 International Management Systems Certiflcate to Sdn Bhd
for food court management 25.11.2016 maintenance of facilities for the preparation and sales of the food by outlets (JR Curry), receipt of raw materials, preparation, cooking of food up to serving to I customers by the outlets (JR Curry) at First World Plaza, Times Square, 69000 Gcnting Highlands, Pahang Darul Makmur.covering the provision and LL——-‘-_—“—_—-..l…—-_—‘——“—-_–‘————-‘ [?mpany No.: I033338-K I 6. BUSINESS OVERVIEW (Conl’d) Licence  no.  I  Certificate  Expiry date  no.  I  Registration  no.  J  Issuing  Issue /  ! Validity  Status of  No.  Reference no. J Serial no.  authority  Subject matter I Purpose  Renewal date  period  Major conditions imposed  compliance
73. AR5373 SIRIM QAS International Sdn Bhd
ISO  22000:2005  Food  Safety  \9.02.2014  From  Management  Systems  Certificate  19.02.2014  for  food  court  management  to  covcrmg  the  provision  and  25.11.2016  maintenance  of facilities  for  the  preparation and sales of the food  by outlets (JR Curry), receipt of  raw  materials,  preparation,  cooking of food up to  serving to  customers  by  the  outlets  (JR  Curry) at First World Plaza, Times  Square, 69000 Genting Highlands,  Pahang Darn! Malanur.
Complied the certificate holder agrees to continue to carry out bona fide business and at all times comply with all statutory requirements applicable to its scope of operation. During the validity period of certificate, 74.  GMP015  SIRlM QAS  MS  1514:2009  Good  19.02.2014  From  Not applicable  International  Manufacturing Practice (GMP) for  19.02.2014  Sdn Bhd  Food  (First Revision)  Certificate  to  for  food  court  management  25.11.2016  covering  the  provision  and  maintenanee  of facilities  for  the  preparation and sales of the food  by outlets (JR Curry), receipt of  raw  materials,  preparation,  cooking of food up to  serving to  I customers by the outlets (JR Curry) at First World Plaza, Times  Square, 69000 Genting Highlands,  Pahang Darui Makmur.  75.  J04P3l30529-006288  Ministry of  Certificate of registration for food  23.04.2014  29.05.2016  Not applicable  Health  premise at MLO 138, lalan Bukit  Pasir, Tasek Merdeka, 83000 Batu  Pahat, lahar Daml Takzim.
I Company No.: l033338-K I 6. BUSINESS OVERVIEW (Cont’d) No.  Licence no. / Certificate no. / Registration no. I Reference no. / Serial no.  Issuing authority  Subject matter I Purpose  Issue I Renewal date  Expiry date I Validity period  Major conditions imposed  Status of compliance  76.  COlP3 I 30529-006808  Ministry of Health  Certificate of registration for food premise at Lot FIL 2.9, Level T2, First World Hotel, Genting Highlands, Pahang Darul Makmur.  22.09.2014  29.05.2016  Not applicable
Platiriuiti'{Jaradis.e ‘., 77,  LOSOl6330374S{QI  Business licence for body and spa  Licence must be displayed at all  facial treatment, pedicure  times.  Bentong  and reflexology services at Pedas Sping, Lot FlLl.17, Level I, First World Plaza, Genting Highland  (ii)  Licence must be renewed prior to 30lh Janu ary 0 f every ye ar.  Resort, 69000 Genting Highlands.  (iii)  The company must inform MajJis  Perbandaran Bentong in the event  of termination of the company’s  business.
I 7S.  I L050J64003773  MajJis Perbandaran Bentong  Licence to operate business of F&B at Eastcourt, Lot GILG 16.00, Lower Ground, Genting Hotel, Genting Highlands 69000 Pahang Darul Makmur.  20.11.2013  31.12.2014  (i) Licence must be displayed at all times. (ii) Licence must be renewed prior to 30th January of every year. (iii) The company must inform Majlis Perbandaran Bentong in the event of termination of the company’s business.  Complied  79.  L050184204820  Majlis Perbandaran Bentong  Licence to operate business of F&B at Eastcourt, Lot F1L2B.1 Level 2B, First World Plaza, Genting Highlands 69000 Pahang Dam1 Makmur.  08.07.2014  06.07.2015  (i) Licence must be displayed at all times. (ii) Licence must be renewed prior to 30th Januaty of every year. (iii) The company must infonn Majlis Perbandaran Bentong in the event  Complied

ofterrnination of the company’s business.L”————–~—–‘——-_——‘–_ I Company No.: 1033338-K I 6. BUSINESS OVERVIEW (Cont’d) I ::  81.  82.  83.
Licence no. / Certificate no. I Registration no. I Reference no./ Serial no. 1050137801542 L050163803769 L050 180004530 L050 165603869(0) U Issuing authority Subject matter / Purpose  Issue I Renewal date  Expiry date I Validity period  Majlis Licence to display advertisement Perbandaran and signboard “WellCare Clinic” Bentong at Lot FIL1M.2, Level TIM. First World Plaza, Genting Highlands, 69000 Pahang Darnl Malanur.  08.01.2014  31.12.2014  Majlis Licence to operate business of Perbandaran F&B, Shanghai 10 at Lot FIL2.1, Bentong Level 1’2, First World Plaza, Genting Highlands, 69000 Pahang Darul Makmur.  20.11.2013  31.12.2014  Majlis Business licence to operate Perbandaran reflexology and beauty centre at Bentong Hcaling Touch, Lot GIL 1.15, Level 1, Genting Hotel, 69000 Genting Highlands, Pahang Darnl Makmur. ,  16.04.2014  15.04.2015  Majlis Business licerlce to operate Perbandaran children spa ccntre at Jungle Gym I Bentorlg Kidz Fun Spa & Adventure Playland, Lot FIL 1.17A, Levell, First World Holel, Genting Highlands Resort, 69000 Genting ~hlands, Pahang Darnl Malanur.  20.t 1.2013  31.12.2014
Major conditions imposed
The advertisement shall be displayed in accordance with the example approved. (i) Licence must be displayed at all times.
(ii) Licence must be renewed prior to 30lh January ofevery year.

(iii) The company must inform MajIis Perbandaran Bentong in the event of termination of the company’s business. (i) Licence must be displayed at all times. (it) Licence must be renewed prior to 30th January of every year. (iii) The eompany must inform MajIis Perbandaran Bentong in the event of terminatiorl of the company’s busirless. (i) Licence must be displayed at all times. (it) Licerlce must be renewed prior to 301), January ofevery year. (iii) The comparly must inform Majlis Perbandaran Bentong in the event of termination of the company’s business. ~ Status of  compliance  Complied  Complied  Complied  Complied  L

I Company No.: I033338-K I 6. BUSINESS OVERVIEW (Cont’d)
Licence no. / Certificate no. I Registration no. I Reference no. I Serial no. 84. LOSOl63703768 L 85. L050184104819 I 86. L050149803072 U Issuing  authority  Majlis  Perbandaran  Bentong
Majlis  Perbandaran  Bentong  Majlis  Perbandaran  Bentong
Subject matter I Purpose Business licence to operate a restaurant at Richdad, FILL20, Levell, First World Plaza, First World Hotel, Genting Highlands, Pahang Darul Makmur. I Business lieence to operate a cafe at Richdad, G/LG 17.00, Genting Grand Hotel, Genting Highlands, Pahang Darul Makmur. Business licence to operate hair saloon, facial treatment and health centre at Healing Touch, Lot F1L1.6, Level Tl, First World Plaza, Genting Highlands, Pahang Darnl Makmur. Expiry date I  Issue I  Validity  Renewal date  period  20.11.2013  31.12.2014  08.07.2014  06.07.2015  20.11.2013  31.l2.2014
Major conditions imposed
(i) Lieence must be displayed at all times.
(ii) Licence must be renewed prior to 30th January of every year.

(iii) The company must inform Majlis Perbandaran Bentong in the event of tennination of the company’s business. (i) Licence must be displayed at all times.
(ii) Licence must be renewed prior to 30lh January 0f every year.

(iii) The company must inform Majlis Perbandaran Bentong in the event of termination of the company’s business. (i) Licence must be displayed at all times.
(ii) Licence must be renewed prior to 30llJ January of every year.

(iii) The company must inform Majlis Perbandaran Bentong in the event of termination of the company’s business. Status of  compliance  Complied  Compiled  I  Complied
I Company No.: 1033338-1( ] 6. BUSINESS OVERVIEW (Cont’d) [  87.  88.  89.
Licence no. / Certificate no. f Registration no. f Reference no. I Serial no. L050]445028]7 L050154703257 L050]65503868M U
Issuing  authority  Majlis  Perbandaran  Bentong  Majlis  Perbandaran  Bentong  Majlis  Perbandaran  Bentong  I
Subject matter J Purpose Business licence to operate restaurant at Hot Pot, Lot FIL2A­30, Level T2A, First World Hotel Plaza, 69000 Genting Highlands, Pahang Daml Makmur. Business licence to operate hair saloon at Beauty First Hair Saloon, Lot FILl.7, Levell, First World Hotel, 69000 Genting Highlands, Pahang DaTUl Makmur. Business licence to operate saloon at Pedos Salon, Lot 1.17, Level I, First World Plaza, Genting Highland Resort, 69000 Genting Highlands, Pahang DaTUl Makmur. Guef Renewal date  Expiry date / Validity period  20.] 1.2013  31.12.2014  20.11.20]3  31.12.2014  20.11.20]3  31.12.2014
Major conditions imposed
(i) Licence must be displayed at all times.
(ii) Licence must be renewed prior to 30th January ofevery year.

(iii) The company must inform Majlis Perbandaran Bentong in the event of tennination of the company’s business. (i) Licence must be displayed at all times.
(ii) Licence must be renewed prior to 30th January ofevery year.

(iii) The company must infoTIl1 Majlis Perbandaran Bentong in the event of teTIl1ination of the company’s business. (i) Licence must be displayed at all times.
(ii) Lieence must be renewed prior to 30th January ofevery year.

(iii) The company must infoTIl1 Majlis Perbandaran Bentong in the event of termination of the company’s business. Status of compliance  Complied  Complied  Complied
ICompany No.: I033338-K] 6. BUSINESS OVERVIEW (Cont’d) I Licence no. I Certificate no. / Registration no. J Issuing TReference no. / Serial no. I No. authority Subject matter / Purpose 90 0050109100750 Majlis Business licence to operate food Perbandaran stall at Noodle & Lok Lok, Lot Bentong FIL2B.Sta1l9A, First World Hotel, 69000 Genting Highlands, Pahang Daru! Makmur. I ‘~50140702663 Business licence to operate Perbandaran Majlis reflexology centre Healing Touch Bentong at Lot FIL2A.l, Level 2A First World Plaza, 69000 Genting Highlands, Pahang Darnl Makrnur. 92. OV103052011000 I Licence to display illuminated and Bandaraya MajIis non-illuminated advertisements Shah Alam (office) at No. 10, lalan Pelukis U1I46, Temasya Industrial Park, Seksyen UI, 40150 Shah Alam, II Selangor Darnl Ehsan. OUI 040 120)000 15 Majlis Licence for illuminated and non-I 93 Bandaraya illuminated advertisement, Shah Alam I~ restaurant and shaft at No.IO Jalan Pelukis UI/46, Temasya Industrial Park, Seksyen VI, 40150 Shah Alam, SeJangor Darul Ehsan. II
Major conditions imposed
(i) Licence must be displayed at all times.
(ii) Licence must be renewed prior to 30th January of every year.

(iii) The company must inform Majlis Perbandaran Bentong in the event of termination of the company’s business. 0) Licence must be displayed at all times. (ii) Licence must be renewed prior to 30th January of every year. (iii) The company must inform MajIis Perbandaran Bentong in the event of tennination of the company’s business. -L ­~Status of compliance Complied  Complied  Not applicable  Not applicable

Company No.: I033338-K] 6. BUSINESS OVERVIEW (Colll’dj No.  94.  95.  96.  97.
Licence no. I Certificate no. I Registration no. I Reference no. / Serial no.

Major conditions imposed 1230601-07174-11 -333512013 –
(i) Licence must be displayed at all times. L050184004818 (ii) Licence must be renewed prior to 301 11. January ofevery year. (iii) The company must inform Majlis Perbandaran Bentong in the event of termination of the company’s business. (i) Licence must be displayed at all times. L050 177004354 (ii) Licence must be renewed prior to 30th January ofevery year. (iii) The company must inform Majlis Perbandaran Bentong in the event of termination of the company’s business. Status of compliance  Not applicable  Not applicable  Complied  Complied
I Company No.; 1033338-K I 6. BUSINESS OVERVIEW (Cont’d) No.  I  98.  99.  100.  101.
Licence no. I Certificate no. I Registration no. I Reference no. / Serial no. L050182104628 L050 178904453 LOVI130320120001 071168145 Issuing authority  Majlis Perbandaran Bentong  MajIis Perbandaran Bentong  Majlis Bandaraya Shah Alam  Public PerfoIIDance Malaysia Sdn Bhd (“PPM”)
Subject matter / Purpose Expiry date /  Issue /  Validity  Renewal date  period  03.09.2014  26.09.2015  17.12.2013  20.12.2014  24.12.2013  31.12.2014  I  – From 01.01.2014 to 31.12.2014
Major conditions imposed
(i) Licence must be displayed at all restaurant at QiQi Taiwan Cuisine, Business licence to operate times.
Lot FIL2A.30A, Level 2A, First (ii) Licence must be renewed prior toWorld Plaza, First World Hotel, 30th January ofevery year.Genting Highlands Resort, 69000 (iii) The company must inform Majlis Makmur. Genting Highlands, Pahang Darul Perbandaran Bentong in the event of termination of the company’s business. (i) Licence must be displayed at allLicence to operate business of times. Ground, Genting Hotel, 69000 F&B at HERE, GILG20.00, Lower (ii) Licence must be renewed prior to Genting Highlands. 30lh January of every year.
(iii) The company must infonn Majlis Perbandaran Bentong in the event of tennination of the company’s business. -advertisement at No.IO Jalan Pclukis Ul/46, Temasya Industrial Park, Seksyen VI, 40150 Shah Alam, Selangor Darnl Ehsan. Licence to display illuminated (i) This licence shall not authorise perform or cause to be perform Public perfonnance licence to the Licensee to infringe any publicly any or all of the sound copyright in the sound recordings, recordings, music videos and/or music videos, karaokes and/or any karaokes controlled by PPM in other subject matter comprised Malaysia a’ The Foodtree herein. Restaurant, Lot 10, Jalan Pe1ukis (ii) The licensee shall notify PPM of Vl/46, Section VI, Temasya any changes m the licensee’s Industrial Park, 40150 Shah Alam, business operations within Selangor Darnl Ehsan. fourteen (14) days of such change occurring. Status of compliance  Complied  Complied  Not applicable  Complied

~pany No.: l033338-K I 6. BUSINESS OVERVIEW (Coni’d) No.  Licence no. / Certificate no. I Registration no. / Reference no. / Serial no.  Issuing authority  Subject matter / Purpose  Issue I Renewal date  Expiry date 1Validity period  Major conditions imposed  Status of compliance  102.  07/RPM00803  PPM on behalf of Recording Performers Malaysia Sdn Bhd (“RPM”)  Public perfonnance licence to perform or cause to perfonn publicly any or all of the sound recordings performances of RPM members in Malaysia at The Foodtree Restaurant, Lot to, Jalan Pelukis U 1/46, Section VI, Temasya Industrial Park, 40150 Shah Alam, Selangor Darnl Ehsan.  From 01.12.2014 to 31.12.2014  (i) (ii) (iii)  This licence shaH not authorise the Licensee to infringe any copyright subsisting m RPM member’s performances, sound recordings, music videos, karaokes and/or any other subject matter comprised herein. The licensee shall notify PPM of any changes in the licensee’s business operations within fourteen (14) days of such change occurring. The licensee shall notify PPM of any changes III the licensee’s business operations within fourteen (14) days of such change occurring.  Complied  103.  JAKIM/(S)/(22.00)/492/2/2 021-06/2013  Department of Islamic Development Malaysia  MS 1500:2009 Halal Certification of Authentication at Food Tree Restaurant, No. 10, Jalan Pelukis U1/46, Section VI, Temasya Industrial Park, Glenmarie, 40150 Shah Alam, Selangor Darul Ehsan.  01.12.2013  30.11.2015  (i) (ii) (iii)  The certificate shall not be traded, transferred nor shall its content be altered. Any changes to name or address of the company, factory or premise, name of the product, ingredients, suppliers or anything related shall be informed in ,,,riting to the Director General of the Department of Islamic Development of Malaysia (JAKIM). The certificate holder shall exhibit the Logo on the product of the approved premise as stated in the certificate.  Complied
[Company No.: 10333~ 6. BUSINESS OVERVIEW (Cont’d)
Licence no. I Certificate no. I Registration no. I Reference no. / Serial no. 156681 MYA<LmO i U Issuing authority  Subject matter I Purpose  Pejabat Daerah Bentong  Public hOliseJbeer house lIcence to sell by retail intoxicating liqueur at Restaurant Here, Lot GILG20.00, Lower Ground, Genting Hotel, Genting Highlands Resort, 69000 Genting Highlands.
IQNETand  MS  1480:2007  Food  Safety  SIRIM QAS  System Certificate for food  court  International  management  covering  the  Sdn Bhd  provision  and  maintenance  of  facilities for  the preparation and  sales of the food by outlets (Jia,  East Court First World, Richdad,  eastcourt,  Pedas  Cafe,  Shanghai  10, Hot  Pot),  receipt  of  raw  materials, preparation, cooking of  food up to serving to customers by  the outlets  (Jia,  East  Court First  World, Richdacl, Eastcourt, Pedas  Cafe,  Shanghai  10, Hot  Pot)  at  First World Plaza, Times Square,  69000 Genting Highlands, Pahang  Darul Makmur.
Expiry date  Issue f  I Validity  Status of  Renewal date  period  Major conditions imposed  compliance  25.06.2014  From 01.07.2014 to 31.12.2014  – Not applicable  19.02.2014  From 19.02.2014 to 25.11.2016  – Not applicable
[Company No.: I033338-K I 6. BUSINESS OVERVIEW (Conl’d) Licence  no.  I  Certificate  Expiry date  no.  I  Registration  no.  /  Issuing  Issue I  / Validity  Status of  No.  Reference no./ Serial no.  authority  Subject matter I Purpose  Renewal date  period  Major conditions imposed  compliance  106  AR5370  SIRIM QAS  MS  1480:2007  Food  Safety  19.02.2014  From  During  the  validity  period  of  Complied  International  According to Hazard Analysis and  19.02.2014  certificate,  the  certificate  holder  Sdn Bhd  Critical  Control  Point  (RACep)  to  agrees to continue to carry out bona  System (First Revision) Certificate  25.11.2016  fide business and at all times comply  for  food  court  management  with  all  statutory  requirements  covering  the  provision  and  applicable to its scope of operation.  maintenance  of facilities  for  the  preparation and sales of the food  by  outlets  (Jia,  East Court First  World, Richdad, eastcourt, Pedas  Cafe,  Shanghai  10, Hot  Pot),  receipt  of  Taw  materials,  preparation, cooking of food up to  serving to customers by the outlets  (Jia,  East  Court  First  World,  Richdad,  Eastcourt,  Pedas  Cafe,  Shanghai 10, Hot Pot) at First World Plaza, Times Square, 69000 Genting Highlands, Pahang Darnl 1_  Makmur.  —-“———“———–~——‘
[(:ompany No.: I033338-K I 6. BUSINESS OVERVIEW (Cont’d) No.  107.
Licence no. I Certificate no. f Registration no. f Reference no. / Serial no. MY-AR 5371 , Issuing authority
IQNET and SIRIM QAS International Sdn Bhd Subject matter / Purpose  Issue I Renewal date  Expiry date / Validity period  Major conditions imposed  Status of compliance  ISO 22000:2005 Food Safety Management System Certificate for food court management covering the provision and maintenance of facilities for the preparation and sales of the food by outlets (Jia, East Court First World, Richdad, eastcourt, Pedas Cafe, Shanghai 10, Hot Pot), receipt of raw materials, preparation, cooking of food up to serving to customers by the outlets (Jia, East Court First World, Richdad, Eastcourt, Pedas Cafe, Shanghai 10, Hot Pot) at First World Plaza, Times Square, 69000 Genting Highlands, Pahang Darul Makmur.  19.02.2014  From 19.02.2014 to 25.11.2016  – Not applicable
I Company No.: l033338-K J 6. BUSINESS OVERVIEW (Cont’d) No.  Licence no. / Certificate no. / Registration no. / Reference no. / Serial no.  Issuing authority  Subject matter / Purpose  Issue I Renewal date  Expiry date I Validity period  Major conditions imposed  Status of compliance  108.  AR5371  SIRIM QAS International Sdn Bhd  ISO 22000:2005 Food Safety Management System Certificate for food court management covering the provision and maintenance of facilities for the preparation and sales of the food by outlets (Jia, East Court First World, Richdad, eastcourt, Pedas Cafe, Shanghai 10, Hot Pot), receipt of raw materials, preparation, cooking of food up to serving to customers by the outlets (Jia, East Court First World, Richdad, Eastcourt, Pedas Cafe, Shanghai 10, Hot Pot) at First World Plaza, Times Square, 69000 Genting Highlands, Pahang Darul Makmur.  19.02.2014  From 19.02.2014 to 25.11.2016  During the validity period of certificate, the certificate holder agrees to continue to carry out bona fide business and at all times comply with all statutory requirements applicable to its scope of operation.  Complied  109.  No. MBSA:CF 0 I039  Majlis Bandaraya ShahAlam  Certiftcate of Completion and Compliance issued for one (l) storey warehouse, showroom and office space, one (l) electrical substation at ground floor, warehouse space, exhibition space and offices on the first floor, one (1) unit guard house and one (1) unit of garbage area at Jalan Pelukis U l/46, Section UI.  14.06.2007  Not applicable
I Company No.: J033338-K I 6. BUSINESS OVERVIEW (Conl’d) No.  110.  Ill.  112.
Licence no. I Certificate no. I Registration no. I Reference no./ Serial no, GMP 014 COIP3130522-006763 C01P3130522·006764 I Ii Issuing authorityI SIRIM QAS International Sdn Bhd
Ministry of Health
Ministry of Health
Subject matter J Purpose  Issue / Renewal date  Expiry date I Validity period  Major conditions imposed  ~atusof compliance  Ms 1514:2009 Good Manufacturing Practice (GMP) for Food (First Revision) Certificate for food court management covenng the provision and maintenanee of facilities for the preparation and sales of the food by outlets (Jia, East Court First World, Richdad, eastcourt, Pedas Cafe, Shanghai 10, Hot Pot), receipt of raw materials, preparation, cooking of food up to serving to customers by the outlets (Jia, Bak Kut Teh (now known as eastcourt), Richdad, Eastcourt, Pedas Cafe, Shanghai 10, Hot Pot) at First World Plaza, Times Square, 69000 Genting Highlands, Pahang Darnl Makmur. Certificate of registration for food premise at Lot FIL 1.20, Levell, First World Hotel, 69000 Genting Highlands, Pahang Darnl Makrnur.  19.02.2014 18.09.2014  From 19.02.2014 to 25.11.2016 22.05.2016  — Not applicable ~ Not applicable  Certificate of registration for food premise at Lot FIL 2.1, Level 2, First World Plaza, 69000 Genting Highlands, Pahang Darnl Makmur.  14.07.2014  22.05.2016  – Not applicable
liGmpany No.: I033338-K 6. BUSINESS OVERVIEW (Coni’d) Lice/lce no. / Certificate Expiry date / no. J Registration no. /
Status of No. Issuing ValidityIssue /
Reference no. / Serial no. complianceauthority Subject matter J Purpose
Renewal date Major conditions imposed period
113. Not applicable

Health premise at Lot FIL 2A.30, Level T2A, First World Plaza, 69000 Genting Highlands, Pahang Daml Makmur.
CO 1P3130522-006765 Ministry of Certificate of registration for food 14.07.2014 22.0S.2016
Ministry-o-f-+-C-e-rt-ifi-lc-a-te-o-f-re-g-is-tr-a-ti-o-n-r.-or-fo-o-d-+–j-4-.0-7-.2-0-1-4–+–2-2-.O-S-.2-0-1-6-+——————+-N-o-tapplicableCO IP3130522-006766 ~ Health premise at Lot GILG 13.00, Lower Ground, Genting Hotel, Genting Highlands, Pahang Daml Makmur.
Not applicable Health premise at Lot GILG 20.00, Lower Ground, Genting Hotel, Genting Highlands, Pahang Daml Makmur. 14.07.20[4 22.05.2016
1\5. COIP3130522-006767 Ministry of Certificate of registration for food Complied Perbandaran catering services at Lot FIL I.l7, (i) Licence must be displayed at all times. [ L09.20[S
116. L0501814 Majlis Business licence to provide 12.09.2014
30Lh Bentong Level I, First World Plaza, 69000 (ii) Licence must be renewed prior to January of every year.
Genting Highlands, Pahang Daml Makmur. (iii) The company must inform Majlis Perbandaran Bentong in the event of termination of the company’s business.

! i7.  25006312014  Dewan  Business  license  and  signage  01.01.2014  31.l2.2014  (i)  The Company must submit a copy of the  Complied  Bandaraya  license  to  operate  Playland  and  letter  of  approval  of  the  building  Kuala  Cafe at Lot 4.10, 4.1 GA, 4.11  &  plan/renovation  plan  issued  by  the  Lumpur  4.12, 4Lh Floor, Bangsar Shopping  building department.  Centre,  No.  285 Jatan  Mlillrof,  (ii)  Licenee must be renewed every year and  Bukit  Bandaraya  S9000  Kuala  sixty (60) days before the expiration of  Lumpur.  the licence.  (iii) The Company must always  ensure  that  the agreement in relation to the premise
I is valid.
~_—-.L———L—_~-L..-_—–L————‘ [ Company No.: 1033338-K 6. BUSINESS OVERVIEW (Cont’d) No.  118.  I  119.  120.
Licence no. / Certificate no. I Registration no. I Reference no. I Serial no. L180000097207 L230000088741 DBKL.JPPP/KJvlO 1/1536/0 7/2013 IL
I  Issuing  authority  MajIis  Bandaraya  Petaling Jaya  Majlls  Bandaraya  Petaling Jaya  Dewan  Bandaraya  Kuala Lumpur
Subject matter I Purpose Business and signage licence to operate a recreation centre and displaying a horizontal and illuminated signage at Lot SK6A, 2nd Floor, 1 Dtama Shopping Centre, Lebuh Bandar Utama, Bandar Utama, 47800 Petaling Jaya. Food establishment licence to operate a cafe at Lot SK6A, 2nd FlooT, I Dtama Shopping Centre, Lebuh Bandar Utama, Bandar Dtama, 47800 Petaling Jaya. Business license to operate a restaurant and skating ring at RTw 001 Level 7, Endah Parade, No. I Jalan 1/149E, Bandar Baru Sri Petaling, 57000 Kuala Lumpur. Expiry date /  Issue I  Validity  Renewal date  period  04.04.2014  31.12.2014  04.04.2014  31.12.2014  23.04.2013  31.03.2015
Major conditions imposed
Licence  must  be  displayed  at  the  premise.  Lieence  must  be  displayed  at  the
premise.
(i) The Company must submit a eopy of the letter of approval of the building plan/renovation plan issued by the building department.
(ii) Lieence must be renewed every year and sixty (60) days before the expiration of the lieenee.

(iii) The Company must always ensure that the agreement in relation to the premise is valid. Status of compliance  Complied.  Complied.  Complied
[(:ompany No.: I033338-K 6. BUSINESS OVERVIEW (Cont’d) I  Licence  no.  /  Certificate  Expiry date /  no.  I  Registration  no.  I  Issuing  Issue /  Validity  No.  Reference no. / Serial no.  authority  Subject matter / Purpose  Renewal date  period

121.  DBKL.JPPP/IKO I15702106/  Dewan  2014  Bandaraya  Kuala Lumpur
I LL_ I I Notes: Business  and  signage  licence  to  19.06.2014  From  operate  a  restaurant  and  skating  09.06.2014 to  ring  at  RT-OOI  Level  7,  Endah  08.06.2015  Parade,  No.  I  Jalan  l/149E,  Bandar Barn Sri  Petaling, 57000  Kuala Lumpur.
(i)
(ii)

(iii) (iv) Major conditions imposed
Licenses must be displayed at all times. Licence may be revoked at any time without notice in the event the licence holder shall fail to comply with the licensing rules and regulations. Licence must be renewed every year and sixty (60) days before the expiration of the licence. The licence holder is prohibited from selling, displaying item that are obscene or pornographic m nature or any other items which are prohibited by law. Status of compliance Complied ~

Save as disclosed above, alifood premises owned and I or operated by our Group have been registered with the Ministry ofHealth and are waiting for the Food Hygiene Certificates to be issued. * (a) As at the date hereof the landlord and our Group are still negotiating on the su.itable premisesfor the relocation ofthe respective retail oullets as a result ofUpgrading & Development Works. ICompany No.: 1033338-K1 6. BUSINESS OVERVIEW (Cont’d) Our Group has applied for the business licences and certification for the following outlets. As at the LPD, the status of applications is as follows: Subject matter / Purpose
Outlet JpPlication21.07.20\4 20.05.2014

date INo E”””~ ‘.m” ~”o”” II ~epartment of Islamic Development Malaysia  Personal Data Protection Commissioner

Centralised Kitchen Application for registration afMS 1500:2009 Facility 1. KCK Hala\ Certification of Authentication at No.\O, Jalan Pelukis Vl/46, Seksyen VI, Temasya Industrial Park, Glenmarie, 40150 Shah Alam, Selangor Danrl Ehsan. Application for registration as a data user to Resorts 2. Kota Tinggi KOla Tinggi Ware1fall Resorts proeess personal data at a tourist accommodation premise at PID 10930, l KM16, Jalan Lombong, 8\900 Kota Tinggi, II Johor Daml Takzim.
[THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK I Status of application  Pending for approval  ,  Pending for approval  I I

6. BUSINESS OVERVIEW (Cont’d) 6.17 Property, Plant and Eqnipment 6.17.1 Properties Owned by Our Group As at the LPD, our Group owns the following landed properties:
(i) a developer·designed warehouse complex located at No. 10, Jalan Pelukis Ul/46, Temasya Industrial Park, Section Ul, 40150 Shah Alam, Selangor Daml Ehsan (“Warehouse Complex”);
(ii) an intermediate double storey terraced house located at No. 46, Jalan Polis UI/55, Temasya Soria, Section UI, 40150 Shah Alam, Selangor Daml Ehsan (“Intermediate Double Storey Terraced House A”); and

(iii) an intermediate double storey terraced house located at No. 16, Jalan Jururancang Ul/61B, Temasya Suria, 40150 Shah Alam, Selangor Darnl Ehsan (“Intermediate Double Storey Terraced House B”). I THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK I I Company No.: I033338~6J 6. BUSINESS OVERVIEW (Conl’dj The summmy ofthe infonnation on the above mentioned properties are set out below: Warehouse Complex  I  Intermediate Double Storey Terraced House A  Intermediate Double Storey Terraced House B  Registered owner  Platinum Paradise  KCK  KCK  Lot number  Lot 52806  Lot 5303 I  Lot 64323  Title number  GRN 77798  GRN 144768  GRN 277157  I Bandar / Pekan / Mukim  Bandar Glenmarie  Bandar Glenmarie  Bandar Glenmarie  District and stale  District of Petaling, Selangor Darul Ehsan  District ofPetaling, Selangor DaTUl Ehsau  District ofPetaling, Selangor Daru! Ehsan  Address  No. 10, Jalan Pelukis Ul/46, Temasya [ndustrial Park, Section U I, 40 ISO Shah Alam, Selangor Darul Ehsan  No. 46, Jalan Polis UJ/55, Temasya Suria, Section U l, 40150 Shah Alam, Selangor DaTUJ Ehsan  No. 16, Jalan Jururancang U1I61B, Temasya Suria, 40150 Shah Alam, Selangor DaruJ Ehsan  Brief description  A developer-designed warehouse complex built on a piece of freehold industrial/and measuring 2.6503 acres which comprises a double storey office building, a two storey warehouse annexed, a refuse chamber aud a guardhouse  An intermediate double storey terraced house  An intermediate double storey terraced house  Date of issuance of certificate of fitness for oecupation  14 Juue 2007  12 JUly 2010  12 JUly 2010  Tenure  Teml in perpetuity (freehold)  Term in perpetuity (freehold)  Term in perpetuity (freehold)  Surveyed land area  10,725.00 square metres  312.00 square metres  250.00 square metres  Gross floor area  7,357.12 square metres  427.90 square metres  392.55 square metres  Existing usage  Corporate office of our Group, warehouse, operation of a centralised kitchen facility and a food service outlet  Hostel for our Group’s employees  Hostel for our Group’s employees  Audited uet book value 30 June 2014  as  at  Ri\i130,063,278  RM 1,784,000  RMl,680,656  Market value appraised by the fndependent Valuer  RM30,500,0001,j  RMI ,800,000~)  Not applicable(<:j  Net revaluation surplus LEncumbrances  RM436,722(d) Charged to Public Bank Berhad(e)  RM16,000M Charged to Public Bank BerhadM  Not applicable Charged to Public Bank Berhad(e)
6. BUSINESS OVERVIEW (Cont’d) Notes: (a) The Independent Valuer had conducted a valuorion on the Warehouse Complex on 29 June 2012 and the market value of the Warehouse Complex WQS RM30,500,OOO. Subsequently, the Independent Valuer had conducted an updated valuation on the Warehouse Complex 0/1 23 August 201 3 and the market value of the Warehouse Complex remained unchanged
(b) The Independent Valuer had conducted a valuation on the Intermediate Double Storey Terraced House A on 29 June 2012 and the market value of the Intermediate Double Storey Terraced House A was RMl,800,OOO. Subsequently. the Independent Valuer had conducted an updated valuation on the Intermediate Double Storey Terraced House A on 23 August 2013 and the market value of the Intermediate Double Storey Terraced House A remained unchanged.
(c) A valuation was not conducted on the Intermediate Double Storey Terraced House B as the property Was purchased by KCK on 18 September 2012 for a consideration of RM/.630.000.
(d) Computed based on the market value appraised by the Independent Valuer as at 23 August 2013, less the audited net book value ofthe properties as at 30 June 2014. The net swplus was not adjusted in the auditedfinancial statements ofPlatinum Paradise and KCKfor the FYE 30 June 20/4.
(e) It should be noted that PIVB is a wholly-owned subsidiary of Public Bank Berhad. Public Bank Berhad, has in its ordinary course ofbusiness, granted creditfacilities to our Group. Notwithstanding that, PIVB is of the view that !he aforementioned extension of credit facilities does not result in a conflict C!! interest situation as the total credit facilities granted to our Group are not mo/erial when compared to the audited total assets ofPublic B~nk Berhad as at 3J December 2013.

None of the existing use of the abovementioned properties breached any other relevant laws, regulations, rules and requirements in relation to land and buildings. I THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK I Company No.: I033338-K I 6. BUSINESS OVERVIEW (Conl’d) 6.17.2 Properties Rented by Our Group for Operation Purposes A summaryofrentedpremisesofourGroupasatthedatehereofissetoutbelow: No. I. 2. Tenant  Postal address  Believe It Or Not  LotF1L2A.19ALeve12A First World Plaza First World Hotel Genting Highlands Resort 69000 Genting Highlands I Pahang Daml Makmur  Believe It Or Nor  Genting Skyway Genting Skyway Building Genting Highlands Resort 69000 Genting Highlands Pahang Dam] Makmur
Description Retail lot located within the building for the operation of the family attractions which include: (i) RIPLEY’S Believe It or No’; (ii) HA UNTED ADVENTURE; and I (iii) one (1) DigiPholo kiosk. Retail lot located at the upper and lower Genting Skyway cable car terminals for the operation of two (2) DigiPhoto kiosks. Approximate rented floor area 21,218 sq. ft. 300 sq. ft. Tenure of tenancy I lease 01.12.2014 to 30.11.2015
01.10.2014 to 30.09.2016 Believe It Or Not 3. At  the  exits  of Snow  World  at  Retail lots located within the building  200 sq. ft.  01.01.2012 to 31.12.2014  Level2A  for the operation of one (1) DigiPhoto  First World Plaza  kiosk.  First World Hotel  Genting Highlands Resort  69000 Genting Highlands  Pahang Daml Malanur.
4.  Believe It Or Not  Lot FILB8.18. Level B8  Storage  facility  located  within  the  390 sq. ft.  26.01.2013 to 30.11.2014M  First World Hotel Genting Highlands Resort 69000 Genting Highlands  building for the storage of display items for the family attraction known as RIPLEY’S Believe It or Nol.  Pahang Daml Malanur
I Company No.: L033338-K I 6. BUSINESS OVERVIEW (Cont’d) No.  Tenant  Postal address  5.  Dunia Setulin  Lot G/LG21.00 Genting Grand Hotel Genting Highlands Resort 69000 Genting Highlands Pahang Darnl Makmur  6.  Dunia Setulin  LotF1L2.19 Level T2 First World Plaza First World Hotel Genting Highlands Resort 69000 Genling Highlands Pahang Darnl Makmur  7.  Dunia Setulin  Lot FILB8.1 Level B8 First World Hotel Genting Highlands Resort 69000 Genting Highlands Pahang Darnl Makrnur  8.  Kota Tinggi Resort<;  PTD 10930 Batu 10 KM 16 Jalan Lombong 8{900 Kota Tinggi Johor Darul Takzim  9.  OnlyMee  GF-27 & GF-27A Ground Floor SACC Mall Jalan Perbadanan 14/9 Pusat Bandar Shah Alam 40000 Shah Alam Selangor Daml Ehsan
Description Retail lot located within the building for the operation of a food service outlet known as Marrybrown. Retail lot located within the building for the operation of a food service outlet known as Marrybrown. Storage facility located within the building for the storage of stock or inventory items for the food service outlet known as Marrybrown. A resort known as Kola Tinggi Waterfalls Resort which includes a food service outlet known as RICHDAD. Retail lot located within the building for the operation of a food service outlet known as Only Mee.
Approximate  rented floor area  Tenure of tenancy / lease  5,600 sq. ft.  14.09.2014 to 31.05.2017  1,898 sq. ft.  01.12.2014 to 30.11.2015  450 sq. ft.  15.02.2012 to 30.11.2014M  38 acres·  Thirty (30) years from the  date of registration of a lease  over the land(b)  1,251 sq. ft.  29.09.2014 to 28.09.2017
I Company No., I033338-K I 6. BUSINESS OVERVIEW (Cont’d) Approximate Tenure of tenancy J leaseTenant Postal address
Description
rented floor area Only Mee
L~o. 01.08.2012 to 31.07.2015LotNo.Ll LOI,Level 1 Retail lot located within the building 2,479 sq. ~.
110 for the operation of a food service
Arrival Concourse outlet known as Only Mee.
Kuching International Airport 01.02.2014 to 31.05.2015Retail Jot located within the building 1,022 sq. ft.
11. OnlyMee Lot FIL2.9A. Level T2 for the operation of a food service
First \Vorld Plaza outlet known as Only Mee.
First World Hotel Genting Highlands Resort 69000 Genting Highlands Pahang Darnl Makmur
01.02.2014 to 31.05.2017 246 sq. ft.Storage facility located within the
12. Lot FILB8.26 Level B8 OnlyMee building for the storage of stock or
First World Hotel inventory items for the food service
Genting Highlands Resort outlet known as Only Mee.
69000 Genting Highlands Pahang Daml Makmur
01.06.2014 to 31.0520 i7577 sq. ~.Booth located within the building for
13. Magniflcent Empire Lot FlLll Level Tl the operation of a food service outlet
First World Hotel known as J Meter Teh.
Genting Highlands Resort 69000 Genting Highlands Pahang Darul Makmur
27.07.2014 to 30.1 1.2015 644 sq. ft.
14. Lot FIL 2AM.! Level 2AM Retail lot located within the building
Magnificent Empire for the operation of a food service
First World Plaza outlet known as Only Easy Store.
First World Hotel Genting Higlltands Resort 69000 Genting Highlands Pahang Daml Makmur
L ~__L——=::”‘ –…L.–…l…-_—-‘—–.J ~ I Company No.: I033338-~ 6. BUSINESS OVERVIEW (Cont’d) No. Tenant Postal address Magnificent Empire 15. Lot F1L2.C4 First World Plaza First World Hotel Genting Highlands Resort I 69000 Genting Highlands Pahang Daml Makmur 16. Magnificent Empire Lot F1L2.C5 First World Plaza I First World Hotel Genting Highlands Resort 69000 Genting Highlands Pahang Darn] Makmur Magnificent Empire 17.

FILB8.4A Level B8 First World Hotel Genting Highlands Resort 69000 Genting Highlands Pahang Darnl Makmur 18.
Magnificent Empire Lot G/LG6.00 Genting Grand Hotel Genting Highlands Resort 69000 Genting Highlands Pahang Darnl Makmur 19. Mereu Jutaan Taman Tema Air Wet World No.3A, Persiaran Dato’ Menteri Seksyen 14 40000 Shah Alam Selangor Darnl Ehsan Description Retail lot located within the building for the operation of one (l) food service outlet known as Market Food Street. Retail lot located within the building for the operation of one (1) food service outlet knO\¥Il as Market Food Street. Storage facility located within the building for the storage of stock or inventory items for the food service outlet known as Market Food Street. Retail lot located within the building for the operation of a food service outlet known as EASY STORE. A water amusement park known as Wet World Water Park Shah Alam which includes a food service outlet known as Only Mee.
Approximate  rented floor area  Tenure of tenancy / lease  80 sq. ft  26.07.2014 to 30.11.2015  80 sq. ft.  26.07.2014 to 30.11.2015  400 sq. ft.  01.06.2014 to 31.05.2015  513 sq. ft.  26.07.2014 to 31.05.2017  6 acres·  01.01.2010 to 31l2.2029
I Company No.: I033338-K I 6. BUSINESS OVERVIEW (Cont’d) I No.1 Tenant  Postal address  Description  Approximate rented floor area  Tenure of tenancy I lease  20.  Pedas Hot Spring  Lot 603 Mukim Pedas 71400 Pedas Negeri SembiIan Darnl Khusus  A water amusement park known as Wet World Air Panas Pedas Resort which includes a food service outlet known as RlCHDAD.  12.5 acres'”  22.06.1996 to 21.06.2056  21.  Platinum Arcractions  No. Lot MLO 138 & PTD 11383 Mukim Simpang Kanan Daerah Batu Pahat 83000 Barn Pahat Jahor Darul Takzim  A water amusement park known as Wet World Balli Pahat Village Resort which includes a food service outlet known as RlCHDAD.  37.9 acres*  29.05.1993 to 29.05.2023  22.  Platinum Attractions  Lot F1L2.9 Level 2 First World Plaza First World Hotel Genting Highlands Resort 69000 Genting Highlands Pahang Darnl Makmur  Retail lot located within the building for the operation of a food service outlet known as jR CURRY.  3,659 sq. ft.  01.02.2013 to 30.11.2015  I  23.  Platinum Attractions  Lot FILB8.14 Level B8 First World Hotel Genting Highlands Resort 69000 Gcnting Highlands Pahang Darn I Makmur  Storage facility located within the building for the storage of stock or inventory items for the food service outlet knO\VIl asjR CURRY.  348 sq. ft.  01.02.2013 to 30.11.2015  24.  Platinum Paradise  Lot FIL2B Stall No. 9A Level2B First World Plaza First World Hotel Gcnting Highlands Resort 69000 Genting Highlands Pahang Darnl Makmur  Retail lot located within the building for the operation of a food service outlet known as Noodle & Lok Lok.  250 sq. ft.  28.07.2014 to 30.11.2015
[ Company No.: I033338-K J 6. BUSINESS OVERVIEW (Cont’d) No.  25.  26.  27.  28. ~ I
Tenant Platinum Paradise , Platinum Paradise Platinum Paradise Platinum Paradise Platinum Paradise U
Postal address  Description  I  LotFIL2B.1 First World Plaza First World Hotel  Retail lot located within the building for the operation of a food service outlet knO\VD as eastcourt.  Genting Highlands Resort  69000 Genting Highlands  Pahang Darnl Makmur  GILG17.00 Genting Grand Hotel Genting Highlands Resort  Retail tot located within the building for the operation of a food service outlet knO\VD as RlCHDAD.  69000 Genting Highlands  Pahang Daru] Makmur  Lot FIL2.l Level 2 First World Plaza First World Hotel  Retail lot located within the building for the operation of a food service outlet known as Shanghai 10.  Genting Highlands Resort  69000 Genting Highlands  Pahang Darul Makmur  Lot FILB8.16 Level B8 First World Hotel Genting High lands Resort 69000 Genting Highlands  Storage facility located within the bUilding for the storage of stock or inventory items for the food service outlet known as Shanghai 10.  Pahang Darul Makrnur  Lot FIL2A.30 Level T2A First World Plaza First World Hotel  Retail lot located within the building for the operation of a food service outlet known as HOT POT.  Genting Highlands Resort  69000 Genting Highlands  Pahang Darul Makmur
Approximate rented ODor area 5,377 sq. ft.  Tenure of tenancy / lease 28.06.2014 to 30.11.2015  487 sq. ft.  26.07.2014 to 31.05.2017  2,190 sq. ft.  01.12.2014 to 31.05.2015  388 sq. ft.  01.12.2011 to 30.11.2014(“)  3,023 sq. ft.  01.03.2014 to 31.05.2015
I

 

 

[Company No.: 1033338-K 6. BUSINESS OVERVIEW (Cont’d) r-:l 1­Tenant Postal address 30. Platinum Paradise Lot F/LB8.17 Level B8 First World Hotel Genting Highlands Resort 69000 Genting Highlands Pahang Darnl Makmur 3l. Platinum Paradise Lot GILG 16.00 Lower Ground Genting Hotel Genting Highlands Resort 69000 Genling Highlands Pahang Darul Makmur Platinum Paradise 32. Lot G/LG 13 .00 Lower Ground Genting Hotel Genting Highlands Resort 69000 Genting Highlands Pahang Darnl Makmur 33. Platinum Paradise Lot GILG20.00 Lower Ground Genting Hotel Genting Highlands Resort 69000 Genting Highlands Pahang Darul Makmur Platinum Paradise I I” Lot FiLl M.2 Level TI M First World Plaza First World Hotel Genting Highlands Resort 69000 Genting Highlands Pahang Darul Makmur Description Storage facility located within the building for the storage of stock or inventory items for the food service outlet known as HOTPOT. Retail lot located within the building for the operation of a food service outlet known as easLcourt. Retail lot located w7thin the building for the operation of a food service outlet known as QiQi Taiwan Snacks. Retail lot located within the building for the operation of a food service outlet known as HERE. Retail lot located within Ihe building for the operation of a retail service outlet known as WellCare Clinic.
Approximate  rented floor area  Tenure of tenancy I lease  388 sq. ft.  01.03.2014 to 31.05.2015  750 sq. ft.  01.06.20141031.05.2015  920 sq. ft.  01.01.2013 10 30.11.2015  12,020 sq. ft  18.10.2013 to 31.05.2016  1,470 sq. ft.  01.06.2014 to 31.05.2015
I Company No.: 1033338-K 6. BUSINESS OVERVIEW (Cont’d) No.  Tenant  Postal address  35.  Platinum Paradise  Lot FIL2A.! Levcl2A First World Plaza First World Hotel Genting Highlands Resort 69000 Genting Highlands Pahang Darnl Malanur  36.  Platinum Paradise  Lot FIL2A.30A, Level2A First World Plaza First World Hotel Genting Highlands Resort 69000 Genting Highlands Pahang Darnl Malanur  37.  Platinum Paradise  Lot GILL15 Level I Genting Hotel Genting Highlands Resort 69000 Genting Highlands Pahang Daml Makmur  38.  Platinum Paradise  Lot FIL1.7 Level I First World Plaza First World Hotel Genting Highlands Resort 69000 Genting Highlands Pahang Darnl Makmur  39.  Platinum Paradise  Lot FIL1.6 Level Tl First World Plaza First World Hotel Genting Highlands Resort 69000 Genting Highlands Pahang Darul Malanur
Description Retail lot located within the building for the operation of a retail service outlet known as HEALING TOUCH which provides foot reflexology services. Retail lot located within the building for the operation of a food service outlet known as QiQi Taiwan Cuisine.  Approximate rented floor area 2,110 sq. ft. 1,967 sq. ft.  Tenure of tenancy / lease 01.12.2014 to 31.05.2015 08.08.2013 to 31.05.2016  Retail lot located within the building for the operation of a retail service outlet known as HEALING TOUCH which provides fooc reflexology services. Retail lot located within the building for the operation of a retail service outlet known as BEAUTY FIRST HAIR SALON.  1,150 sq. ft. 353 sq. ft.  01.10.2013 to 31.05.2016 16.11.2012 to 31.05.2015  Retail lot located within the building for the operation of a retail service outlet known as HEALING TOUCH which provides foot reflexology  998 sq. ft.  01.06.2014 to 31.05.2015
serviees.
Company No.: I033338-K I 6. BUSINESS OVERVIEW (Cont’d) No.  Tenant  Postal address  Description  Approximate rented floor area  Tenure of tenancy !lease  40.  Platinum Paradise  Lot GILG5.00 Genting Grand Hotel Genting Highlands Resort 69000 Genting Highlands Pahang Darnl Malanur  Retail lot located within the building for the operation of a food service outlet known as QiQi.  130 sq. ft.  26.07.2014 to 31.05.2017  41.  Platinum Paradise  Lot FILUO Level I First World Hotel Genting Highlands Resort 69000 Genting Highlands Pahang Darn! Makmur  Retail lot located within the building for the operation of a food service outlet known as RICHDAD.  354 sq. ft.  19.08.2014 to 31.05.2015  42.  The Wet World  Lot4.10, 4.10A, 4.11 &4.12, 4th Floor Bangsar Shopping Centre No. 285 Jalan Maarof Bukit Bandaraya 59000 Kuala Lumpur  Retail lot located within the building for the operation of retail service outlets which includes: (i) Jungle Gym; and (ii) Roller Sports World.  7,772 sq. ft.  01.11.2014 to 31.10.2017  43.  The Wet World  Lot SK6A 2nd Floor I Utama Shopping Centre Lebuh Bandar Utama Bandar Utama 47800 Petaling Jaya  Retail lot located within the building for the operation of retail service outlet known as Starship Galactica.  3,835 sq. ft.  28.02.2012 to 27.02.2015  44.  The Wet World  RT-OOI Leve17 Endah Parade No I Jalan 11149E Bandar Bam Sri Petaling 57000 Kuala Lumpur  Retail lot located within the building for the operation of retail service outlet knO’Vffi as Roller Sports World.  23,899 sq. ft.  01.07.2013 to 30.06.2016
[Company No.: 1033338-K] 6. BUSINESS OVERVIEW (Cont’d) A summary of the previous rented premises of our Group that are temporarily closed as a result of the Upgrading & Development Works, where as at the LPD, our Group and the landlord are still negotiating on the suitable premises for relocation is set out below: I No.  Tenant  IPrevious postal address Description  Approximate rented floor area  Tenure of tenancy from the previous tenancy agreement  11  Platinum Paradise  Lot FIL1.17 Level I First World Plaza First World Hotel Genting Highlands Resort 69000 Genting Highlands Pahang Darul Makmur  Retail lot located within the building for the operation of retail service outlets and a food preparation area which includes: (i) PEDAS SPRINGS spa; (ii) PEDAS SALON; and (iii) Pedas Cafe.  17,216sq. ft.  16.022014  2.  Platinum Paradise  Lot FIL1.I7A. Level I First World Plaza First World Hotel Genting Highlands Resort 69000 Genting Highlands Pahang Daru! Makmur  Retail lot located within the building for the operation of a service outlet known as Jungle Gym Kidz Spa & Adventure Play/and.  4,793 sq. ft.  16.02.2014
For further details, kindly refer to Section 6.2.5 ofthis Prospectus. Notes:  *  Represents approximate land area.  (a)  As at the date hereof, the landlord and our Group are still in the midst a/finalising the terms oJthe renewal oJtenancy agreementJar the said outlet.  (b)  Lease period granted is thirty (30) years with an option to renew Jor a Jurther thirty (30) years. The lease on the land oJwhich Kota Tinggi WaterJalls  Resort is situated has not been presentedJor registration as the title to the said land has been alienated and Kola Tingg; Resorts is liaising with the Slate  Government ojJohor to register the lease inJavour oJKala Tinggi Resorts.
Based on the table above, more than 80% of our Group’s rented properties are located at Genting Highlands, where approximately RM 10.93 million of total rental was paid to the landlord, being Genting Malaysia Berhad’s group of companies. For the FYE 30 June 2014, the total rental paid in respect of all the rented properties mentioned above is approximately RM13.16 million. None of the existing use of the abovementioned properties breached any other relevant laws, regulations, rules and requirements in relation to land and huildings. -195 ­6. BUSINESS OVERVIEW (Conl’d) 6.17.3 Plant and Equipment As at 30 June 2014, the material plant and equipment used and owned by our Group arc as foHows: Water Amusement Parks Plant and equipment  ~ Quantity (unit I set)  Net book value as at 30 June 2014 (RM)  Wet WorM Water Par k Shah Alam:  Caribbean Rider, Supe(three (3) individual uOther plant and equip r Hurricane and Thunder River nits) ment (aJ  3 9  3,886,702 9  Wet World Air Panas  Pedas Resort:  Tower Slide (five (5) individual units) Kiddie Pool, Lazy Riv er, Spa Pool, Spring Valley and  5  1,209,164  Wet World Bat” PahaBig Splash, BP ToweTotal Lazy River and Wave  t Village Resort: r, Dinosaur Pool, Kiddie Pool, IPool (six (6) individual units)  6  1,562,120 6,657,995
6.17.4 Note: (a) The other plant and equipment comprise of Atlantis City, Big Splash, Cascading Water Fal!, Fountain of Youth, Kiddy Pool. Light House, Monsoon Buster Adventure, Neptune Challellge and Tunnel Water Slide. Save as disclosed above, all other plant and equipment of our Group are individually immaterial to the operation of our Group to be discloscd separately. Our Directors are of thc opinion that our Group has sufficient capacity to carry our operations, the details of which are set out in Section 6.3 ofthis Prospectus. Material Capital Expenditure and Divestitures Save as disclosed below, there is no other material capital expenditure incUlTed for the past three (3) financial years up to the FYE 30 June 2014 and up to the LPD: Capital expcnditure  FYE30 June 2012 (RM’OOO)  FYE30 Junc 2013 (RM’OOO)  FYE30 June 2014 (RM’OOO)  As at the LPD (RM’OOO)  Wei World Shah Atom  Water  Park  – Phase one renovation upgrading works  (1 ) ,nd  5,010  400  – – KOMTAR TRevitClJisation Project  ower  – – 17,181  1,012
Food service outlets 1,451 1.019 412
renovation works L ­6. BUSINESS OVERVIEW (Cont’d) 6.17.5 Material Plans to Construct, Expand or Improve Facilities As at the LPD, our Group has no inunediatc plan to construct, expand or improve on existing facilities, save for the following: Estimated  Estimated  timeframe for  increase in  completion  capacity after  Amonnt  from the  completion  Estimated  already  receipt ofIPO  expenditure  paid as at  Method of  proceeds /  Description  amount  the LPD  financing  LPD  (RM’OOO)  (RM’OOO)  KOMTAR Tower  60,000  Utilisation  Within  @  Revitalisation  ofIPO  twenty four  Project  proceeds,  (24) months  internally  generated  funds and  bank  borrowings  Setting-up total of  10,000  Utilisation  Within twenty  Estimated  ten (10) new food  ofIPO  four (24)  average  service outlets in  proceeds  months  capacity of 120  Putrajaya, Genting  seats per outlet  Highlands and  Penang  Phase two (2)  3,000  Utilisation  Within twenty  Not applicable  renovation &  ofIPO  four (24)  upgrading works of  proceeds  months  Wet World Water  Park Shah A/am  Food service  12,600  10,100  Il1temDlly  Within twelve  Approximately  outlets renovation  generated  (12) months  5% increllse in  works  fuuds  persons seat  per outlet
Notes: A As at the LPD, the renovation and relurNshment works q[ the KOAfTAR Tower Revitalisatioll Project has commenced and internally generated funds of approximateiy RM18.19 million was used/or the payment q[ the renovation and rq[urbishmen( works. @ The details are sel our in Section 6.21.2 o/this Prospectlls. • Our Group has yet (0 commence renovation I upgrading works as al the LPD. With the completion of these renovation / upgrading works, we will be able to achieve the following objectives: To attract patrons to our wmer amusement parks as well as food service outlets; To expand our business coverage and establishment in Malaysia and to diversify our revenue streams; -197 ­6. BUSINESS OVERVIEW (Conl’d) To expand the range of dining options that we provide and operate at new locations; and To develop and achieve the “Fun, Food and Good Living” concept. The details of material plans are set out in Section 6.21 of this Prospectus. 6.18 Regulatory Requirements and Environmental Issues 6.18.1 Food Industry The food industry is generally governed by the Food Act, 1983, the 1985 Regulations, and the Food Hygiene Regulations, 2009 (“2009 Regulations”) issued thereunder. All food, beverages and edible agricultural products prepared, produced, packaged or sold locally are required to comply with the guidelines and standards as provided in the 1985 Regulations. Any person who contravenes or fails to comply with any provisions of the 1985 Regulations commits an offence, and on conviction, is liable to a fine not exceeding RM5,000.00 or imprisonment for a term not exceeding two (2) years. As disclosed in Section 6.10 of this Prospectus, we have in-house facilities and equipment at our centralised kitchen facility to carry out food safety tests on the food items prepared and we also send samples of food items prepared at our centralised kitchen facility to third party laboratories for independent testing as per the guidelines and standards provided in 1985 Regulations. Any person desiring to be accredited as a conformity assessment body may, by virtue of the Standards of Malaysia Act, 1996, apply to the Director General of the Department of Standards Malaysia for the grant of an accreditation certificate. As disclosed in Section 6.1.4(b) of this Prospectus, our centralised kitchen facility has obtained the relevant accredited certifications. Under the 2009 Regulations, no person shall use any food premises specified in the 2009 Regulations for the purpose of, or in connection with the preparation, preservacion, packaging, storage, conveyance, distribution or sale of any food unless such food premises arc registered under the 2009 Regulations with the Ministry of Health. Upon registration, a certificate of registration for food premises shall be issued and such certificate of registration will be valid for a period not exceeding three (3) years from the date of its issnance. If such registration is not complied with, a person shall, On conviction be liable to a fine not exceeding RM 10,000 or to imprisonment for a term not exceeding two (2) years. We have, in May 2013, registered all food premises owned “nd / or operated by our Group with the Ministry of Health. As at the LPD, we arc awaiting for the relevant certificates of registration to be issued, save for those food premises disclosed in Section 6.16.6 above. The 2009 Regulations further provide that a proprietor, owner or occupier of food premises shall not employ or allow any food handler to work in his food premises unless the food handler has undergone a food handlers training and has been medically examined and vaccinated by a registered medical practitioner. 6. BUSINESS OVERVIEW (Cont’d) 6.18.2 6.18.3 In relation to any activity involving the sale of intoxicating liquor, the activities are regulated by the Excise Act, 1976 (“1976 Act”). Under the 1976 Act, no person shall sell by retail, or offer for sale by retail, any intoxicating liquor whether for consumption on the premises of the vendor or at the place where they are sold, except under and in accordance with a public house licence and I or a beer house licence. Any person who shall sell intoxicating liquors otherwise than in accordance with the licences issued shall on conviction, be liable to a fine not exceeding RM5,OOO. Tourism Industry The tourism industry is generally governed by the Tourism Industry Act, 1992 (“1992 Act”) and the Tourism Industry (Registration, Classification, ReclassifIcation and Rating of Tourist Accommodation Premises) Regulations 2003 (“Tourism Regulations”). Under the 1992 Act, any person who carries on or operates accommodation premises shall apply for registration of such premise as tourist accommodation premises with the Ministry ofTourism. Upon registration, a certificate ofregistration as a tourist accommodation premise will be issued. The Commissioner of Tourism shall rate the tourist accommodation premises as he deems fit in accordance with the 1992 Act and the Tourism Regulations. Upon determining the rating of the tourist accommodation premises, a certificate of rating which shall be valid for not more than three (3) years will be issued. If such registration is not complied with, a person shall be guilty ofan offence and shall, on conviction, be liable to a fme not exceeding RM5,OOO or to imprisonment for a term not exceeding three (3) years or to both. Kota Tinggi Resorts had registered Kota Tinggi Waterfalls Resorts as a tourist accommodation premise and have received a Certificate of Registration as a Tourism Accommodation Premise issued by the Commissioner of Tourism on 2 October 2013. Privacy Law Any personal data from the tourists or any other parties through the operation of the tourist accommodation premises must be processed in accordance to the Personal Data Protection Act, 2010 (“2010 Act”). Under the 2010 Act, amongst other things, any person who is required to register as a data user shall submit an application for registration with the Personal Data Protection Commissioner. Upon registration, a certificate of registration as a data LiseI’ will be issued. If such registration is not complied with, a person shall be guilty of an offence and shall, on conviction, be liable to a fine not exceeding RM500,000 or to imprisonment for a term not exceeding three (3) years or to both. In addition, any person who processes personal data is required to comply with the seven (7) principles enunciated under the 2010 Act, which includes the General Principle, the Notice and Choice Principle, the Disclosure Principle, the Security Principle, the Retention Principle, the Data Integrity Principle and the Access Principle. Any breach of these principles may result in imprisonment and fines up to RM500,000. Kot3 Tinggi Resorts hud submitted an application to the Personal Data Protection Commissioner to register itself as a data user. As at the LPD, Kota Tinggi Resorts is still awaiting the issuance of the certificate of registration. The management of the personal data of the Group’s employees uS well as guest of Kota Tinggi Resorts is set out in the Group’s privacy policy. The Group has taken and continues to take reasonable steps to implement certnln measures to ensure that all the principles under the 2010 Act arc reasonably complied with. 6. BUSINESS OVERVIEW (Cont’d) 6.18.4 Franchise Business The sale of any franchise in Malaysia is governed by the Franchise Act, 1998 (“Franchise Act”). Under the Franchise Act) all franchise agreements must be prepared in accordance with the requirements of a franchise agreement under the Franchise Act and all franchises must be registered with the Registrar of Franchise, Malaysia. Further, if there is any material change in the disclosure documents submitted to the Registrar of Franchise, Malaysia at the time of registratlon, such disclosure documents must be amended and filed with the Registrar of Franchise> Malaysia. The Franchise Act also provides that a franchise term shall not be less then five (5) years. All Wet World franchises are sold by our subsidiary. According to the search result provided by the official portal of Franchise Development Division of the Ministry of Domestic Trade, Co-Operatives and Consumerism dated 25 March 2013, the Wet World has been registered with the Registrar of Franchise, Malaysia and all amendments to the disclosure documents in relation to the Wet World franchise have been filed with the Registrar of Franchise, Malaysia. As at LPD, our Group has complied with all material regulatory requirements and environmental issues which may materially affect our Group’s business and operations. As at the LPD, the Directors are not aware of any environmental proceedings or investigations to which it may be a party to. 6.19 Seasonality In general, our business operations experience some seasonality. Our food services operations, water amusement parks and family attractions typically experience above average business during the following seasons: weekends, school holidays and public holidays; Chinese New Year festive season; Christmas festive season; Deepavali festive season; and Hari Raya festive season. 6.20 Interruptions in Business There have been no material interruptions to our business operations during the past twelve (12) months. 6. BUSINESS OVERVIEW (Cont’d) 6.21 Future Plans, Strategies and Prospects 6.21.1 Overview of Future Plans Our futurc plans are focused on the key areas depicted in the following diagram:
OpcnLng 1’C\V FoodFrnnchisl’ Progrnmmc lor Service Outlets OnlyMee m!l World Water Park SllCIh Alam Phase Two (2) Expansion 6.21.2 KOMTAR Tower Revitalisation Project On 19 December 2012, the Penang Development Corporation and World Equipment Sdn Bhd had entered into the respective principal, lease, sub-lease and sub-license agreements, where World Equipment Sdn Bhd will undertake a revitalisation project on the KOMTAR Tower, which is located in the heart of Georgetown, a United Nations Educational, Scientific and Cultural Organisation (UNESCO) World Heritage City. KOMT AR Tower is the tallest building in Penang, comprising a 4+ I level retail podium and a sixty five (65) storey office tower block. The KOMTAR Tower Revitalisation Project involves the proposed refurbishment and enhancement of all the five (5) specified levels within the KOMTAR Tower to create high end commercial space for retail, F&B and recreational purposes. On 26 June 2013, Magnificent Empire received a letter from World Equipment Sdn Bhd, informing Magnificent Empire that the Penang Development Corporation, via its letter dated 25 June 2013, has no objection for World Equipment Sdn Bhd to assign and novate its rights and obligations to undertake the KOMTAR Tower Revitalisation Project to Magnificcnt Empire. The rclevant novation agreements between Penang Development Corporation, World Equipment Sdn Bhd and Magnificent Empire were executed on 27 August 2013. Pursuant to the novation agreements, Magnificent Empire has appointed an appropriate third party main contractor to undertake the renovation and refurbishment works of the KOMTAR Tower Revitalisation Project. Upon completion of the renovation and refurbishment works, Magnificent Empire would focus on the operatlOn and management of the food service outlets and other retail outlets located at the five (5) levels of the rcfll1’bished KOMTAR Tower. 6. BUSINESS OVERVIEW (Conl’d)
KOMTAR Tower Our revitalisation project is intended to increase the overall attractiveness of KOMTAR Tower and create a new tourist attraction. The revitalisation project involves the proposed refurbishment and enhancement of five (5) specified levels to create high end commercial space for retail, F&B and recreational purposes. The agreement with the Penang State Government is to revitalise the following levels: Levels 5’11 (Retail roof)  podium  Built-up area (Sq. ft.) 89,425  59th and 60’h  24,251  64th and (Rooftop)  65’h  16,657
Proposed enhancement · Two multi-purpose halls suitable for banquets, exhibitions and conventions. • Open air bazaar with food service outlets, arts and crafts stalls, and entertainment outlets. · High end international food service outlets. · • Entertainment outlets. Ballroom. • High end international food service outlets.
• Lookout deck.

As part of the KOMTAR Tower Revitalisation Project, we have obtained a lease of the levels listed above from 19 December 2012, being the date of the lease agreement, for a period of forty five (45) years, with an option to extend the lease for an additional fifteen (15) years. Part of our plans is to install a set of cascading escalators to create a direct pedestrian link between the ground level and the revitalised fifth (5 th) level retail roof podium. We also intend to install two (2) exterior sky bubble lifts that link the fifth (5′”) level directly to the fifty nineth (59 th) and sixty fifth (65’h) levels. Passengers riding in the sky lifts will experience a distinctive bird’s eye view ofGeorgetown and Penang. 6, BUSINESS OVERVIEW (Cont’d) 6,21.3 We expect the revitalised levels to be suitable for the following events: wedding dinners; corporate dinners; events, seminars, conferences and functions; fashion shows; and trade fairs and exhibitions. Once this is completed, we intend to operate some of the food service outlets, ballrooms and other commercial space either through our own in-house personnel or by engaging third-party operators or rent the space out to third parties, The KOMTAR Tower Revitalisation Project will allow us to establish a physical presence in Georgetown, Penang, which is a new geographical market to our Group. The renovation and refurbishment works of the KOMTAR Tower Revitalisation Project has commenced as at the LPD, The project is expected to bc completed in the third (3″) quarter of2015, We intend to finance the KOMTAR Tower Rcvitalisation Project via our IPQ proceeds, internally generated funds and bank borrowings. Franchise Programme for Only Mee As at the LPD, there arc four (4) Only Mee food service outlets at the following locations: First World Plaza, Genting Highlands; Kuching International Airport, Sarawak; SACC Mall, Shah Alam, Selangor Darul Ehsan; and Wet World Water Park Shah Alam, Sclangor Darul Ehsan, In addition, we serve F&B under our Only Mee brand at T7le FOOD Iree, We currently o’wn and operate all of these food service outlets under this brand name, As part of our future plans, we intend to register Only Mee with the Registrar of Franchise, Malaysia to secure franchisees to open and operate Onfy Mee as part of our strategy to expand the chain. Under the franchise system, we intend to grant our franchisees the right to use Only Mee brand, trademark, franchise business operating system, and to sell Only Mee products, Where it is practicable to do so, we will supply food products to these franchise outlets. We intend to provide support to franchisees in terms of training. J11imagement development, advertising, promotions and other support services. We expect the franchise programme to create a new revenue stream in the form of franchise, advertising and promotion, and other fees, and by supplying food products to the franchisees. In addition, we expect the franchise prograJ11me to contribute towards increasing the number and expanding the geographic coverage of On(y l\1ee fooel service outlets. -2113 ­6. BUSINESS OVERVIEW (Conl’d) 6.21.4 6.21.5 6.21.6 We plan to start our franchise programme in the first (1″) quarter of 2016, initially focusing on setting up franchised food service outlets at high street locations in the Klang Valley. We aim to finance our fi’anchise programme by using our internally generated funds. Opening New Food Service Outlets Part of our future plans is to set up ten (10) new food service outlets with an estimated average capacity of 120 seats per outlet in the following locations: five (5) food service outlets in Genting Highlands; three (3) food service outlets in Penang; and two (2) food service outlets in Putrajaya. We are in the midst of securing these additional premises to expand OUf food service operations, where the details are expected to be firmed up during the first (1 “) half of 2015. \Ve aim to finance the setting up of these new food service outlets by using our IPO proceeds. “Fun, Food and Good Living” Locations In line with our corporate slogan, we intend to set up locations grouping together a number of outlets, mostly operating under our brands, which offer a combination of “Fun, Food and Good Living” experiences. We plan to develop these “Fun, Food and Good Living” locations by bringing together several of our F&B outlets together with one or more family attractions at a single location under a unifying theme with a focus on family-centric activities, These locations are expected to individually cover an area of between 20,000 square feet and 30,000 square feet. Moving forward, we plan to establish “Fun, Food and Good Living” at the following locations, depending on the availability of suitable locations: Johor Daml Takzim by end of 2015; and Klang Valley by end of2016. We intend to fund the development and opening of the “Fun, Food and Good Living” locations using our intemally generated funds, Wet World WaleI’ Park Shah Alam Phase Two (2) Expansion We intend to carry out our phase two (2) expansion plan to enhance the facilities at Wet World Water Park Shah A/am. As part of this expansion, we plan to develop new facilities at the water amusemcnt park to renovate and convert existing premises at the water amusement park that were previously leased out to a third party. We arc currently at the conceptualisation stage of the phase two (2) expansion plan, We intend to commence physical work on the phase two (2) expansion plan in the first (I”) half of 2015, and expect to complete the expansion plan and bring the new facilities into operations by the end of the same year. We intend to ftmd the phase two (2) expansion of Wet World WaleI’ Park Shah Alam using our IPO proceeds. 6. BUSINESS OVERVIEW (Cont’d) 6.21.7 Milestones The following table indicates the timing for implementation of our future plans:
YeIU” of implementation  I  KOMTAR Project  Tower  Revitalisation  2014  2015  2016  2017  – Banquet flail and Retail Arcade  “‘  “‘  – SAy Dining (Level 59 and 60)  “‘  “‘  – The Horizon (Level 64 and 65)  “‘  “‘  Franchise Programme for Only Mee  “‘  Opening New Food Service Outlets  “‘  “Fun, Food Locations  and  Good  Living”  “‘  “‘  Phase Two Expansion of We! World Water Park Shah Alam  “‘
6.21.8 Prospeets ofOnr Group The prospects of our Group arc dependent on the following factors: Competitive advantages and key strengths; Future plans to provide sustainable growth; and Industry outlook.
(a) Competitive Advantages and Key Strengths Our competitive advantages and key strengths will provide a platform for continuing growth and success. These include the following: We have our own brand names; We operate a centralised kitchen facility to support our food service operations; We have in-house R&D centre (lnd (l test kitchen; We have an experienced management te(l m;
‘We Lise proprietary recipes to prepare OUf dishes; \Vc have the capability to develop new menus and recipes; OUf centralised kitchen facility has obtained BaJaI certification; OUf Wet World water amusement park,; h,lVC distinctive water rides; -205 ­6. BUSINESS OVERVIEW (Conl’tl) We are an established and experienced water amusement park operator; and Our food service outlets are integral to other attractions. (b) Future Plans to Provide Sustainable Growth We have in place a business and expansion plan moving forward, which are focused in the following areas: The KOMTAR Tower Revitalisation Project will give our Group a physical presence in a new market; The franchise programme for Only Mee will enable us to expand our chain of food service outlets under this brand name, and diversify our revenue streams; Opening new food service ontlets will enable us to expand the range of dining options that we provide and operate at new locations; Opening “Fun, Food and Good Living” locations that package multiple F&B, attractions and other outlets in a single location with a unified theme, focusing on family-centric activities; and Expand and enhance Wei World WaleI’ Park Shah A/am by executing the phase two (2) expansion plan. Our future plans would provide liS with the platform to grow and sustain our business. (c) Industry Outlook The industry outlook is set out in Section 7 of this Prospectus. I THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK • cOG ­

 

 

 

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