The Board of Directors of Kimlun Corporation Berhad announced that its wholly-owned subsidiary, Kimlun Sdn Bhd had accepted the award of a construction contract from Astaka Development Sdn Bhd for main building works for a serviced residence development,  Aliva Mount Austin, in Daerah Johor Bahru, Johor. The contract value of the contract is MYR 150,000,000.00. The construction work is expected to be completed in the fourth quarter of 2026.

The project is expected to contribute positively to the earnings and net assets of KIMLUN Group for the financial years during the contract period.   None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the above contract.