EXTRACT FROM QUARTERLY REPORT DATED 31 JULY 2017.

A wholly-owned subsidiary, Johan Properties Sdn Bhd ("JPSB") had on 25 July 1996 filed a suit against five (5) Defendants for wrongful
repudiation or breach of a contract in relation to a land held under Lot 289, Section 57, Bandar Kuala Lumpur. JPSB's statement of claim was
for (i) return of the deposit sum of RM1,700,000; (ii) special damages amounting to RM4,300,000 (iii) general damages; and (iv) interest and costs.

On 3 May 2016, the Federal Court refused the Defendants' application for leave to appeal, citing no merits in the application. Costs of RM20,000 was awarded to JPSB. With this decision, the litigation concluded.

As at 31 July 2016, the judgement sum, special damages, costs and accrued interest to date to be recovered from the Defendants is approximately RM13 million.

JPSB had on 29 August 2016 registered a fresh Prohibitory Order on the land held under Lot 289 with the Land Office. On 20 September 2016, JPSB filed a writ of seizure and sale of Lot 289 for recovery of the outstanding judgement sum, cost and accrued interest due from the Defendants. On 23 January 2017, the Registrar allowed JPSB’s application for leave to issue a Writ of Seizure and Sale and extended the Prohibitory Order on Lot 289. JPSB had on 4 April 2017 filed the Notice of Sale together with a Valuation Report dated 20 February 2017 valuing Lot 289 at RM53,725,000 as required by the Registrar. The auction date for Lot 289 has been fixed by the High Court on 2 October 2017.

Apparently, with Prestige tile's factory winding down operations by next month end in Puchong South, releasing a 16 acre prime industrial land, Johan is set to embark on new inroads to developing the land easily worth 59.4 million based on valuation of outright land sales, not considering development returns. Can consider to bargain hunt now that share price is low. NTA still intact and may be higher if this land is revalued.

Datuk Teh Kian An, at the helm. One can take a calculated move with higher chances of making gains.

Dato is experienced in retaliating contractually. (I mean)

Tomorrow may see some exciting action as price had indeed broken out as per pattern recognition technology by CIMB. Jetson may make announcements on their stand to recover their rights on rescinded LA. Dato is not experienced in this matter and they have good legal team.

Based on Patern recognition tech, has detected a "Symmetrical Continuation Triangle (Bullish)" chart pattern. Closing price of 0.28 is support level. Noting that Jetson will make a stand on the rescinded LA by MCC, worthwhile to consider to go in .... as stock price can break out easily in next few days.