OTHERS

Furtherance to the announcement made on 18 September 2018,  JTB wishes to announce on the Rationale for the subscription of additional 43,500,000 Ordinary Shares at issue price of RM1.00 per share in the capital of Able Dairies Sdn. Bhd. as follows:-

RATIONALE:

1)  Paid-up Capital for Investment in Mexico;

2)  Investment on the building and land of a new warehouse in Teluk Panglima Garang with total budget of RM20.5 million;

3)  Capital Expenditure on the upgrading of machinery; and

4)  Additional Working Capital

This Announcement is dated 19 September 2018.