Link: https://links.sgx.com/1.0.0/corporate-announcements/I3HCBBX801NEL66S/afdbe8a50177876ee70d612dd0531e44819f9bf372343a7ca603d1cb6aba1694

Summary:

• Lum Chang Holdings Limited announced on January 7, 2026, that its Malaysian joint venture subsidiary Lum Chang Tien Wah Property Sdn. Bhd. (LCTWP) has entered into a Venture Agreement with MyTelehaus Sdn. Bhd. (MYT) to develop and operate a data centre facility in Petaling Jaya Section 13, Kuala Lumpur

• LCTWP, a 50-50 joint venture between Lum Chang's subsidiary Kemensah Holdings Pte. Ltd. and Tien Wah Properties Sdn. Bhd. (property investment arm of Bursa Malaysia-listed Tien Wah Press Holdings Berhad), owns approximately 3.22 acres of leasehold land in Petaling Jaya, with 1.61 acres designated as the Development Land for the data centre project

• Under the venture arrangement, LCTWP will provide the Development Land and construct the core and shell of the data centre according to agreed specifications, while MYT, a private Malaysian company specializing in data centre design, construction management, and operations, will handle mechanical and electrical works, testing, commissioning, management, operation, marketing and leasing

• MYT will be responsible for designing, building, funding, installing and fitting out the mechanical and electrical systems, with the M&E contract to be completed in phases; LCTWP retains ownership of the land and will lease the completed facility to MYT for 30 years under mutually agreed terms

• Revenue sharing between the parties will be proportionate to their actual cumulative capital expenditure contributions for each completed development phase, with MYT sharing gross revenue generated from leasing and operating the data centre suites with LCTWP

• The venture agreement includes provisions preventing either party from selling or disposing of their legal or beneficial interests without consent from the other party; in the event of a future sale, proceeds will be mutually agreed

• The collaboration taps into the respective strengths of both parties and leverages MYT's business networks in Malaysia's fast-growing data centre industry, presenting what the board views as a viable and attractive proposition aligned with the Group's growth strategy

• LCTWP is not restricted from exploring alternative development arrangements if MYT is unable to continue participation; the core and shell development will be funded through LCTWP's internal funds, bank borrowings, and equity or shareholders' loans

• The entry into the venture agreement is not expected to materially impact the Group's net tangible assets per share or earnings per share for the financial year ending June 30, 2026

• None of the Company's directors or controlling shareholders have any interest in the venture agreement beyond their respective shareholdings in Lum Chang Holdings Limited