The Board of Directors of KPJ (“Board”) wishes to announce that Jeta Gardens (Qld) Pty Ltd (“JGPL”), a subsidiary of KPJSB, a wholly-owned subsidiary of KPJ, had on 15 October 2021 entered into an amendment to lease with Al Aqar Australia Pty Ltd (“AAA”) to vary the existing lease agreement dated 25 October 2011 (including any amendment, supplemental or variation to the existing lease agreement) (“Lease Agreement”) for the properties owned by AAA (“Amendment to Lease”). The Amendment to Lease is to, among others, reflect the terms of the rental rate revision in respect of the lease of the JG Properties (as defined below) (“Rental Revision”).

For further details of the Rental Revision, please refer to the attachment.

This announcement is dated 15 October 2021.