The Board of Directors of Titijaya wishes to announce that the Company has on 27 February 2017, entered into a Framework Agreement with CREC Development (M) Sdn. Bhd. (Company No. 1206194-U) (“CRECD”) to record the provisional intention of Titijaya and CRECD with respect of the Engineering Procurement Construction and Commission Agreement, the participation in business opportunity with Laksana Wawasan Sdn Bhd, and the joint marketing collaboration with respect to project known as The Shore, Kota Kinabalu, Sabah on a leasehold land held under title TL017526475 (Kota Kinabalu, District of Kota Kinabalu).

Please refer to the attachment for additional information.

This announcement is dated 27 February 2017.