【CHUAN 7016 交流专区】泉发资源

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2019	30 Jun 2018	30 Jun 2019	30 Jun 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	183,623	163,511	362,788	334,111
2	Profit/(loss) before tax	13	-632	674	-602
3	Profit/(loss) for the period	-36	-975	-683	-2,294
4	Profit/(loss) attributable to ordinary equity holders of the parent	-23	-1,177	-880	-2,511
5	Basic earnings/(loss) per share (Subunit)	-0.01	-0.70	-0.52	-1.49
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.8400		1.8800

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	CHUAN HUAT RESOURCES BERHAD (CHRB or the Company)TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTION ON DISPOSAL OF 8,296,800 SHARES OF AMALGAMATED INDUSTRIAL STEEL BERHAD BY CHUAN HUAT HARDWARE HOLDINGS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF CHRB TO TELAXIS SDN. BHD
1. INTRODUCTION The Board of Directors of Chuan Huat Resources Berhad is pleased to announce that CHUAN HUAT HARDWARE HOLDINGS SDN. BHD. (Company No. 55068-K) (“CHHH”), a wholly-owned subsidiary of the Company had on 23 September 2019 entered into a Direct Business Transactions (“DBT”) with TELAXIS SDN. BHD. (Company No. 559051-T) (“TSB”). to dispose of 8,296,800 shares of Amalgamated Industrial Steel Berhad (“AISB”) representing 6.03% of the issued share capital of AISB, at RM0.38 per share for a total cash consideration of RM3,152,784 only (“Disposal”). 2. INFORMATION ON CHHH AND TSB 2.1 CHHH CHHH is a company incorporated in Malaysia under the Companies Act 1965 and having its registered office at Wisma Lim Kim Chuan, Lot 50A Jalan 1/89B, 3½ mile off Jalan Sungai Besi, 57100 Kuala Lumpur. The principal activities of CHHH is investment holding. 2.2 TSB. TSB is a company incorporated in Malaysia under the Companies Act 1965 and having its registered office at Unit C-1-7 (Level 3) block C, Menara Uncang Emas (UE3) 85, Jalan Loke Yew, 55200 Kuala Lumpur. The principal activities of TSB is investment holding. 3. DETAILS OF THE DISPOSAL The 8,296,800 shares of Amalgamated Industrial Steel Berhad (“AISB”) is an investment asset of CHHH, A total of 8,409,400 of the shares were acquired in 2011/12 at a total cost RM3,743,542.50. Subsequently 112,600 shares were disposed in 2016/17. The quoted shares were also subjected to impairment losses which resulted a net book value of RM1,909,624 as in the Company’s Quarterly Report on the financial period ended 30 June 2019 announced on 29 August 2019. Hence the net disposal proceed of RM3,146,625 will give rise to a gain on disposal of RM1,237,001. 3.1  Basis and Justification for the Consideration       The Board of Directors of the Company concurs that the agreed price was negotiated and arrived at on a “Willing Buyer Willing Seller” basis and is within a reasonable margin of the        prevailing market price of the shares 3.2  Arrangement of Satisfaction of the Consideration       The consideration shall be paid to the Company in the normal trading procedures of Bursa Malaysia Securities via settlement of the completed DBT. 4. FINANCIAL EFFECTS OF THE DISPOSAL     a) The Disposal will not have any effect on the issued and paid-up share capital of the Company and the shareholdings of the substantial shareholders of the Company.       b) The gain on the Disposal of RM1,237,001 is expected to have a positive l impact on the earnings per share, net assets per share and gearing of the Group for the financial year          ending 31 December 2019. 5. APPROVALS REQUIRED     The Disposal is not subject to the approval of the shareholders and any other relevant authorities and is not conditional upon any other corporate exercise undertaken by CHRB. 6. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS OR PERSONS CONNECTED WITH THEM      None of the Directors, major shareholders and/or persons connected with the Directors or major shareholders of the Company has any interest, direct or indirect, in the Disposal. 7. RATIONALE FOR THE DISPOSAL     The Disposal is a divestment of the investment with the purpose of available fund for other potential future investment. 8. STATEMENT BY BOARD OF DIRECTORS     The Board of Directors of CHRB, after careful deliberation on the Disposal, is of the opinion that the terms of the Disposal are fair and reasonable and that the Disposal is in the best     interest of the Group. 9. RISK FACTORS     The Board of Directors of CHRB does not foresee any risk factors arising from the Disposal, 10. ESTIMATED TIME FRAME FOR COMPLETION       The Disposal will be completed upon  settlement of the completed DBT.                              11. HIGHEST PERCENTAGE RATIO The highest percentage ratio applicable to the Disposal pursuant to paragraph 10.06(1) of the Main Market Listing Requirements is 15.71%, based on the audited financial statements as at 31 December 2018. This announcement is dated 24 September 2019. .

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2019	30 Sep 2018	30 Sep 2019	30 Sep 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	213,548	182,869	576,336	516,980
2	Profit/(loss) before tax	-2,530	1,893	-1,856	1,291
3	Profit/(loss) for the period	-2,728	422	-3,411	-1,872
4	Profit/(loss) attributable to ordinary equity holders of the parent	-2,499	347	-3,379	-2,164
5	Basic earnings/(loss) per share (Subunit)	-1.48	0.21	-2.00	-1.28
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.8200		1.8800

icy97

Change in Financial Year End

CHUAN HUAT RESOURCES BHD

Old financial year end	31 Dec 2019
New financial year end	30 Jun 2020

Remarks :

The Board of Directors of Chuan Huat Resources Berhad ("the Company") had approved the Change in the Financial Year End ("FYE") of the Company from 31/12 to 30/06. The next audited financial statement shall be for a period of 18 months from 01/01/19 to 30//06/20 and thereafter, the FYE shall be 30/06. The rationale for the change of FYE is to avoid the peak financial reporting period in December and to provide adequate time for the newly appointed auditor to perform and complete the FYE audit.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		Three Months	Three Months	Twelve Months	Twelve Months
		01 Oct 2019 To	01 Oct 2018 To	01 Jan 2019 To	01 Jan 2018 To
		31 Dec 2019	31 Dec 2018	31 Dec 2019	31 Dec 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	171,394	193,887	747,730	710,867
2	Profit/(loss) before tax	-1,641	10,353	-3,497	12,349
3	Profit/(loss) for the period	-1,934	9,306	-5,345	8,139
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,525	9,335	-4,904	7,876
5	Basic earnings/(loss) per share (Subunit)	-0.90	5.53	-2.91	4.67
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.8100		1.8800

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Mar 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		Three Months	Three Months	Fifteen Months	Fifteen Months
		01 Jan 2020 To	01 Jan 2019 To	01 Jan 2019 To	01 Jan 2018 To
		31 Mar 2020	31 Mar 2019	31 Mar 2020	31 Mar 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	155,762	179,165	903,492	0
2	Profit/(loss) before tax	-4,546	661	-8,043	0
3	Profit/(loss) for the period	-4,099	-647	-9,444	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	-3,691	-857	-8,595	0
5	Basic earnings/(loss) per share (Subunit)	-0.90	-0.51	-5.10	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.7900		1.8800

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		Three Months	Three Months	Eighteen Months	Eighteen Months
		01 Apr 2020 To	01 Apr 2019 To	01 Jan 2019 To	01 Jan 2018 To
		30 Jun 2020	30 Jun 2019	30 Jun 2020	30 Jun 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	66,571	183,623	970,063	0
2	Profit/(loss) before tax	-6,880	13	-14,923	0
3	Profit/(loss) for the period	-6,888	-36	-16,332	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	-6,367	-23	-14,962	0
5	Basic earnings/(loss) per share (Subunit)	-3.77	-0.01	-8.87	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.7500		1.8800

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2020	30 Sep 2019	30 Sep 2020	30 Sep 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	158,338	213,548	158,338
2	Profit/(loss) before tax	1,170	-2,530	1,170
3	Profit/(loss) for the period	709	-2,728	709
4	Profit/(loss) attributable to ordinary equity holders of the parent	778	1,758	778
5	Basic earnings/(loss) per share (Subunit)	0.51	-1.48	0.51
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.7500		1.7400

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2021

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2021	30 Sep 2020	30 Sep 2021	30 Sep 2020
		$$'000	$$'000	$$'000	$$'000

1	Revenue	96,068	158,338	96,068	158,338
2	Profit/(loss) before tax	3,271	1,170	3,271	1,170
3	Profit/(loss) for the period	2,150	709	2,150	709
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,058	555	2,058	555
5	Basic earnings/(loss) per share (Subunit)	1.22	0.33	1.22	0.33
6	Proposed/Declared dividend per share (Subunit)	1.81	0.00	1.81	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.8400		1.8300

icy97

CHUAN HUAT RESOURCES BHD

Entitlement subject	First and Final Dividend
Entitlement description	First and Final single-tier dividend of 1.815 sen per ordinary share in respect of thefinancial year ended 30 June 2021
Ex-Date	15 Dec 2021
Entitlement date	16 Dec 2021
Entitlement time	5:00 PM
Financial Year End	30 Jun 2021
Period	01 Jul 2020 to 30 Jun 2021
Share transfer book & register of members will be	16 Dec 2021 to 16 Dec 2021 closed from (both dates inclusive) for the purpose of determining the entitlement
Payment Date	28 Dec 2021
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers	16 Dec 2021
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Announced Currency	Malaysian Ringgit (MYR)
Disbursed Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	Malaysian Ringgit (MYR) 0.0181

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	CHUAN HUAT RESOURCES BERHAD (CHRB or Company)PROPOSED ACQUISITION OF A PIECE OF VACANT LAND BY CHRB LAND SDN. BHD, (FORMELY KNOWN AS CHRB TRADING SDN. BHD.), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF CHRB FROM G & M BRILLIANT CORPORATION SDN. BHD. FOR A CASH CONSIDERATION OF RM24,748,380.00
1.         INTRODUCTION The Board of Directors (“Board”) of Chuan Huat Resources Berhad (“CHRB” or “Company”) wishes to announce that CHRB Land Sdn. Bhd. (formerly known as CHRB Trading Sdn. Bhd.). (“CHRBL” or “Purchaser”), a wholly-owned subsidiary of Chuan Huat Holdings Sdn. Bhd. which in turn is a wholly-owned subsidiary of CHRB had on 29 September 2022 entered into a Sale and Purchase Agreement (“SPA”) with G & M Brilliant Corporation Sdn. Bhd. (“GMBC” or “Vendor”) for the proposed acquisition of a piece of vacant land held under Pajakan 53410 Lot 20022 Seksyen 92A, Bandar Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur having a total area measuring approximately 3,832 square meter (equivalent to 41,247.30 square feet) with vacant possession and free from all encumbrances ("Property”), for a total cash consideration of RM24,748,380.00 only (“Proposed Acquisition”), upon the terms and subject to the conditions as contained in the SPA. 2.         INFORMATION ON CHRBL AND GMBC 2.1        CHRBL CHRBL is a company incorporated in Malaysia on 28 April 2011 under the Companies Act 1965, and is a wholly-owned subsidiary of Chuan Huat Holdings Sdn. Bhd. which in turn is a wholly-owned subsidiary of CHRB with its registered and business address at Wisma Lim Kim Chuan, Lot 50A, Jalan 1/89B, 3½ mile Off Jalan Sungai Besi, 57100 Kuala Lumpur. The issued share capital of CHRBL is RM200,000.00 comprising 200,000 ordinary shares and had ceased its principal activity of trading of building materials. The Directors are Dato’ Lim Khoon Heng and Lim Kean Seng. 2.2        GMBC GMBC is a company incorporated in Malaysia on 19 May 1999 under the Companies Act 1965  with its registered address at No. 568-9-20, 9th Floor, Kompleks Mutiara, 3 ½ Mile, Jalan Ipoh, 51200 Kuala Lumpur and place of business at 34-2, 2nd Floor, Jalan 28/70A, Desa Sri Hartamas, 50480 Kuala Lumpur. GMBC is the registered and beneficial owner of the said Land. The issued share capital of GMBC is RM100,000 comprising 100,000 ordinary shares and its principal activity are parking services and food and beverages. The Directors are Datuk Ganesan A/L Subramaniam and Chandramalar A/P Chandran and shareholders are Datuk Ganesan A/L Subramaniam (51%) and Chandramalar A/P Chandran (49%). 3.         DETAILS OF THE PROPOSED ACQUISITION The Property is a leasehold land, expiring on 24 July 2118, held under Pajakan 53410 Lot 20022 Seksyen 92A, Bandar Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur having a total land area measuring approximately 3,832 square meters (equivalent to 41,247.3 square feet). The Property is subject to a restriction-in-interest “Tanah ini tidak boleh dipindahmilik, dipajak atau digadai tanpa kebenaran Jawatankuasa Kerja Tanah Wilayah Persekutuan Kuala Lumpur. The Property is also subject to the category of land use “Bangunan” and the Express Condition “Tanah ini hendaklah digunakan hanya untuk tujuan tapak perdagangan sahaja’. 3.1        Basis of and Justification for the Purchase Price The Board of CHRB concurs that the purchase price is based on prevailing market price and no valuation was carried out on the said Property, as CHRBL is buying the Property negotiated at arm’s length and on a willing-seller and willing-buyer basis. 3.2        Arrangement of Satisfaction of Purchase Price The Purchase Price shall be paid in the following manner, subject to the terms and conditions in the SPA: (a)  A sum of RM494,967.60 only representing a sum equivalent to two per centum (2%) of the Purchase Price (“Earnest Deposit”) shall be paid by the Purchaser to the Vendor upon execution of the Letter of Offer to Purchaser; (b). A sum of RM742,451.40 only representing a sum equivalent to three per centum (3%) of the Purchase Price (“RPGT Retention Sum”) shall be paid by the Purchaser to the Purchaser’s Solicitors as stakeholder upon execution of the SPA; (c)  A sum of RM1,237,419.00 only representing a sum equivalent to five per centum (5%) of the Purchase Price (“Balance Deposit”) shall be paid by the Purchaser to the Vendor’s Solicitors as stakeholder upon execution of the SPA and the Vendor’s Solicitors to release the Balance Deposit to the Purchaser’s Solicitors upon the Purchaser’s Solicitors obtaining the original approved Written Consent to Transfer from the Vendor’s Solicitors; and (d)  The sum of RM22,273,380.00 only representing a sum equivalent to ninety per centum (90%) of the Purchase Price (“Balance Purchase Price”) shall be paid by the Purchaser to the Vendor’s Solicitors as stakeholder to be released to the Vendor less such sums as may be retained (apportionment of lawful outgoings), after 14 working days from the date of the Memorandum of Transfer and all other relevant documents being presented for registration at the appropriate Land Office/Registry and no impediment has appeared therefrom, being within four (4) months from the date the Purchaser’s Solicitors receipt of the original Written Consent to Transfer from the Vendor’s Solicitors and two (2) months extension of Completion Date. 4.        FINANCIAL EFFECT OF THE PROPOSED ACQUISITION (a) The Proposed Acquisition will not have any effect on the issued and paid-up share capital of CHRB and substantial shareholders’ shareholdings as the Proposed Acquisition does not involve any issuance of new shares by CHRB. (b) The Proposed Acquisition is not expected to have any material impact on the earnings and net assets of CHRB Group for the financial year ending 30 June 2023. (c) The Proposed Acquisition will not have any material impact on the gearing  of CHRB Group for the financial year ending 30 June 2023. 5.        SOURCE OF FUNDING The Proposed Acquisition will be funded via internally generated funds and term loan. 6.         APPROVALS REQUIRED The Proposed Acquisition is not subject to the approval of the shareholders of CHRB and is not conditional upon any other corporate exercise undertaken by CHRB. The transfer of ownership of the Property is subject to the approval/consent of the State Authority which shall be submitted by the Vendor within fourteen (14) days from the date of the Vendor’s Solicitors receipt of the duly stamped copy of the SPA. 7.         INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS OR PERSON CONNECTED WITH THEM None of the Directors, major shareholders and/or persons connected with the Directors or major shareholders of CHRB has any interest, direct or indirect, in the Proposed Acquisition. 8.         RATIONALE, BENEFITS AND PROSPECTS OF THE PROPOSED ACQUISITION The purpose for the Proposed Acquisition is investment as the said Property is strategically located adjacent to Wisma Lim Kim Chuan, CHRB’s corporate office. 9.        STATEMENT BY DIRECTORS The Board of CHRB, after careful deliberation on the Proposed Acquisition, is of the opinion that the terms of the Proposed Acquisition are fair and reasonable and that the Proposed Acquisition is in the best interest of CHRB Group. 10.        RISK FACTORS The Board of CHRB does not foresee any risk factors arising from the Proposed Acquisition, other than the normal economic risk and inherent risk factors associated with the property development industry. 11.        ESTIMATED TIME FRAME FOR COMPLETION Barring any unforeseen circumstances and subject to fulfilment of the conditions precedent as set out in the SPA, the Proposed Acquisition is expected to be completed within 4 months from the date of the Purchaser’s Solicitors receipt of the original Written Consent to Transfer from the Vendor’s Solicitors. 12.       PERCENTAGE RATIO The highest percentage ratio applicable to the Proposed Acquisition pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Securities is 7.65%, computed based on the latest audited consolidated financial statements of CHRB for the financial year ended 30 June 2021. 13.        DOCUMENTS AVAILABLE FOR INSPECTION The SPA is available for inspection at the registered office of CHRB at Wisma Lim Kim Chuan, Lot 50A, Jalan 1/89B, 3½ mile off Jalan Sungai Besi, 57100 Kuala Lumpur during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement. 14.        ADDITIONAL INFORMATION The SPA is subject to and conditional upon GMBC’s action to procure the removal or relocation of the Tenaga Nasional Berhad’s Sub-Station and vacant possession shall be delivered to CHRBL within five (5) days of completion and payment of the balance purchase price. This announcement is dated 29 September 2022.

icy97

Type	Announcement
Subject	OTHERS
Description	REVALUATION SURPLUS OF NON-CURRENT ASSET
Pursuant to Paragraph 9.19 (46) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Chuan Huat Resources Berhad (“CHRB” or the “Company”), wishes to announce that CHRB and its subsidiary companies (the “Group”) had undertaken an updated valuation exercise (“Updated Valuation”) on the Group’s Investment Property (“IPs”). The Updated Valuation is not subject to approval of any regulatory authorities. The Board of Directors of CHRB had on 28 August 2023 approved the incorporation of fair value gain in the unaudited financial statement of CHRB for the fourth quarter ended 30 June 2023.   PURPOSE The Updated Valuation was carried out to measure the fair value of the Group’s IPs in accordance with the Group’s accounting policy and in compliance with the Malaysian Financial Reporting Standards (“MFRS”) 140 for measurement of fair value of IPs. FAIR VALUE GAIN The details of the Updated Valuation and fair value gain/(loss) are set out in the Appendix A attached herein. The Updated Valuation was carried out by a registered valuer, Raine & Horne International Zaki + Partners Sdn. Bhd. At the consolidated level, a fair value gain of RM1.94 million has been incorporated into the unaudited financial statement of CHRB for the fourth quarter ended 30 June 2023. The consolidated net assets value per share of CHRB arising from the fair value gain based on the unaudited results of the Group will increase by RM0.01 in the fourth quarter ended 30 June 2023. Copies of the Updated Valuation Reports are available for inspection at the registered office of CHRB at Wisma Lim Kim Chuan, Lot 50A Jalan 1/89B, 3½ mile off Jalan Sungai Besi, 57100 KUALA LUMPUR during normal business hours on a working day for a period of three (3) months from the date of this announcement. The announcement is dated 4 September 2023.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3383126

Attachments CHRB -updated valuation rpt 30Jun23.pdf

icy97

CHUAN HUAT RESOURCES BHD

Date of change	01 Mar 2024
Name	MR LIM KEAN SENG
Age	47
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	Bachelor of Business Administration	Sunway University

Working experience and occupation	Mr. Lim Kean Seng's ("Mr Lim") professional journey commenced with Chuan Huat Resources Berhad Group (Group), where he assumed the role of Warehouse and Procurement Executive at Chuan Huat Hardware Sdn. Bhd. (now Chuan Huat Steel Sdn. Bhd.), a wholly owned and major subsidiary of the Group. Over time, he ascended to a position supporting the Group CEO and played a pivotal role in enhancing production standards at CHRS Samawira Mesh Sdn. Bhd., a wholly owned subsidiary specializing in BRC and wire products. Since 2007, Mr. Lim has served as an Executive Director of Chuan Huat Steel Sdn. Bhd. and has held similar positions in other subsidiary companies throughout his 24-year tenure with the Group. Leveraging his extensive expertise in the steel and building materials sector, he spearheads procurement strategies for steel and oversees the operational facets of various subsidiary companies' businesses within the Group.
Directorships in public companies and listed issuers (if any)	Nil
Family relationship with any director and/or major shareholder of the listed issuer	Son of Dato' Lim Khoon Heng, nephew of Dato' Lim Loong Heng and cousin of Nicholas Lim Kean Hoong.
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Mr Lim holds 300,000 ordinary shares of Chuan Huat Resources Berhad which was treated as his father's interest pursuant to Section 59(11)(c) of the Companies Act 2016.