Pursuant to paragraph 9.19(23) of the Main Market Listing Requirements, the Board of Directors of Titijaya wishes to announce that the Company had on 21 January 2016 acquired two (2) ordinary shares of RM1.00 each, representing 100% of the issued and paid-up share capital of High Splendour Sdn. Bhd. (Company No. 1155662-T) (“High Splendour”), for a total consideration of RM2.00 (“Acquisition”).

Following the above Acquisition, High Splendour has become a wholly owned subsidiary of Titijaya.

High Splendour was incorporated in Malaysia as a private company limited by shares on 17 August 2015. The authorised share capital of High Splendour is RM400,000 divided into 400,000 ordinary shares of RM1.00 each of which 2 ordinary shares of RM1.00 each have been issued and fully paid-up.

High Splendour has not commenced business since its corporation.

None of the Directors and/or major shareholders of Titijaya and/or persons connected to them have any interests, direct or indirect in the above Acquisition.

The announcement is dated 21 January 2016.