The Board of Directors of Titijaya (“Board”) wishes to announce that Titijaya had on 13 December 2019 entered into a shareholders’ agreement with Tokyu Land Asia Pte Ltd (“TLA”), a foreign company incorporated in Singapore (“Shareholders’ Agreement”) and Riveria City Sdn Bhd (“RCSB”)  to regulate the affairs of RCSB and the respective rights of Titijaya and TLA as shareholders of RCSB and jointly participate in the development, construction, promotion and marketing of Project RIVERIA to the Malaysian and foreign market.

Further details on the Proposal is set out in the ensuing sections of this announcement.

This announcement is dated 16 December 2019.