The Board of Directors of Cypark Resources Berhad ("the Company" or "CRB") wishes to announce that the Company had on 23 March 2022 accepted a Letter of Award dated 9 March 2022 from TTDI KL Metropolis Sdn. Bhd. ("TTDI KL") for the proposed construction and completion of road upgrading and associated works along Jalan Dutamas 2, Mukim Batu, Bandaraya Kuala Lumpur, Wilayah Persekutuan for TTDI KL ("the Project") with contract sum of RM74,300,000.00 (Ringgit Malaysia: Seventy Four Million and Three Hundred Thousand) only.

The stipulated completion date of the Project is on 22 November 2023.

The Project is expected to contribute positively to the earnings and net assets of the Group. The Project will be undertaken by our Construction and Engineering division which have necessary experience and capabilities to deliver the Project successfully.

None of the Directors or Major Shareholders of CRB and persons connected with them has any interest, direct or indirect, in the Project.

The announcement is dated 24 March 2022.