The Board of Directors of Cypark Resources Berhad ("the Company" or "CRB") wishes to announce that the Company had on 19 April 2023 accepted a Letter of Award dated 13 April 2023 from Selgate Corporation Sdn. Bhd. ("Selgate") for the execution and completion of the remaining works for the proposed construction of a 10-storey private hospital together with a 6-storey parking lot on Lot PT. 3939 (Original Lot: Lot PT. 1328 and PT. 1331), Sungai Bakau, Mukim Rawang, Selangor Darul Ehsan, with a contract sum of RM108,844,509.66 (Ringgit Malaysia: One Hundred Eight Million Eight Hundred Forty-Four Thousand Five Hundred Nine and Cents Sixty-Six) only (“the Project”).

The Project is targeted to be completed by 29 January 2024 with a construction period of nine (9) months from the date of site possession/commencement.

The Board is of the opinion that the Project is in the best interest of the Group and the Project is expected to contribute positively to the earnings and net assets of the Group. The Project will be undertaken by the Company's Construction and Engineering division which has the 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 20 April 2023.