The Board of Directors of Kerjaya Prospek Group Berhad ("Company") is pleased to announce that its 70%-owned subsidiary company, Future Rock Sdn. Bhd. ("FRSB"), has on 1 August 2017 accepted a letter of award ("LA") from China Communications Construction Company (M) Sdn Bhd ("CCC") on the appointment of FRSB as a subcontractor for the project known as "Perimeter Bund (CH100 to CH1150) for Phase 2B of the Seri Tanjung Pinang Phase 2 Project" at the total contract sum of Ringgit　Malaysia　Forty-Five Million Nine Hundred Fifty-Four Thousand One Hundred Fifty-Eight and Cents Twelve Only (RM45,954,158.12) ("Contract").

The construction works to be undertaken by FRSB is expected to commence on 27 July 2017 ("Date of Commencement") and due to be completed on 26 May 2018.

The subcontract shall be executed within 30 calendar days after the execution of this LA.

The Contract will further increase and enhance the existing order book of the Company and its group of companies ("Group").

The Contract will have no effect on the issued share capital of the Company but it is expected to contribute positively to the earnings and net assets per share of the Company and the Group for the financial years ending 2017 to 2018.

None of the directors and/or major shareholders of the Company or persons connected to them have any interest, direct or indirect, in the Contract.

A copy of the press release in relation to the above is attached for information.

This announcement is dated 1 August 2017.