Sdn. Bhd....it s the idea of being different

Sdn. Bhd....it s the idea of being different

EXECUTIVE SUMMARY EXECUTIVE SUMMARYM Mudra Tropika Sdn Bhd is a privately-owned real estate player incorporated in November 2006 and presently focusing on residential and commercial development in Johor Bahru City Center through privatization project with the Johore State Government. Our real estate operations started in July 2007, when Mudra Tropika Sdn Bhd signed a privatization agreement with the Johor State Government for the implementation of development projects with Total Gross Development Value (GDV) of RM228.05 million. The privatization project was aim to develop four (4) parcels of land owned by the Johor State Government located in Nong Chik and Jalan Mustapha with the status of International and Malay Reserve. This is to promote and raise the level of real estate in this area with the construction of houses and shops that are not only affordable but has potential to be a major catalyst for the areas around the Nong Chik and Jalan Mustapha area. To-date, we have developed three (3) parcels of land known as The Nongchik Heights Residence, The Nongchik Heights Commercial and The Nongchik Riverside, all in Nongchik and along Jalan Kolam Air, comprised of cluster house, shophouses, shop gallery and semidetached houses. The development of luxury housing and commercial shops now concentrated in the vicinity of Nong Chik will be continued in Jalan Mustapha, where the company plans to build a threestorey semi-detached houses with sale price ranging from RM1,450,000.00 to RM3,200,000. For this development, eleven (11) of the twenty-eight (28) houses are Bumiputera allocations while the remaining seventeen (17) units are for Non-Bumiputera. In the pipe-line will be our two (2) and three (3) storey bungalow and one and a half (1 ½) storey town houses at D Permata @ Nongchik Heights and a Three-Tower Condominium and Resort at Pungai, Sungai Rengit. 1

COMPANY PROFILE Mudra Tropika Sdn Bhd was incorporated in November 2006 with the aim to develop 4 parcels of land owned by the Johor State Government, which is located in Nong Chik area, about 5 kilometers from the center of Johor Bahru. In July 2007, Mudra Tropika signed a privatisation agreement with the Johor State Government for the implementation of development projects with Total Gross Development Value (GDV) of RM228.05 million.. The main purpose of the development of the Johor State Government-owned land with the status of Malay Reserve is to promote and raise the level of real estate in this area with the construction of houses and shops that are not only affordable but has potential to be a major catalyst to the surrounding areas, especially Nong Chik. In April 2009, Mudra Tropika has completed and delivered 62 units of 2-storey government quarters in Jalan Hulu Ayer Molek, Johor Bahru, built specifically for the government in accordance with the agreements signed. With the delivery of government quarters costing RM10.8 million, Mudra Tropika then started development work on four parcels of land owned by the government as stipulated in the privatization agreement. On 15 August 2009, Mudra Tropika has officially launched 82 units of Honeycomb houses known as Nongchik Heights Residence Phase 2A and 24 units of 3-storey shop offices known as Nongchik Heights Commercial Center Phase 1. Due to high demand received over the new housing concept, Mudra Tropika has once again launched 85 units of Honeycomb houses known as Nongchik Heights Residence Phase 2B in December 2009. All the above properties were fully sold in 2011. Mudra Tropika had then in April 2012 proceeds with development of Nongchik Riverside Phase 4 comprising 40 unit of 3-storey Shop Gallery. These 40 units Shop Gallery were developed on a 99 years leasehold land and were open for sale to Bumiputra and Non- Bumiputera. All units were fully sold in 2013. After the completion of Phase 1, 2 and 4 in April 2013, Mudra Tropika initiated the development of Phase 3 with the construction of 14 units of 2-storey semi-detached houses, 12 units of 3-storey semi-detached houses, 4 units 2-storey Bungalow houses and 9 units 3-storey Bungalow houses known as D' Permata @ Nongchik Heights. For the first quarter of 2015, Mudra Tropika plans to launch 28 units of 3-storey semi-detached house in Jalan Mustafa, near Jalan Gertak Merah, on a 99 years leasehold land and registration for sale to Bumiputera, Non-Bumiputera and foreigners is anticipated to starts on the first week of March 2015. 2

CORPORATE INFORMATION A Company Name : MUDRA TROPIKA SDN BHD Company Registration No. : 754853-A Date Established : November 29, 2006 Main Activities Registered Address : Property Developer : Suite 5-11 & 5-12, 5 th Floor, Menara TJB No.9, Jalan Syed Mohd Mufti 80000 Johor Bahru Business Address : No. 1060, Jalan Nong Chik, 80100 Johor Bahru Phone Number : 07-226 2121 Fax. Number : 07-222 8877 E-mail Address Website Authorized Capital Paid-Up Capital : info@mudratropika.com.my : : RM1,000,000.00 : RM1,000,000.00 Board Of Directors : Dato' Abdul Rahman Bin Mohamed Shariff (Managing Director) Dato' Mohd Rashidi Bin Mohd Nor Mohd Nazim Bin Sabtu 3

CORPORATE INFORMATION CORPORATE INFORMATION Bank Information : Malayan Banking Berhad No. 113 & 115 Jalan Glasiar Taman Tasek 80200 Johor Bahru Current Account No : 501132158938 : Public Bank Berhad No. 1 & 3 Jalan Suria 3 Bandar Seri Alam 81750 Masai, Johor Current Account No : 3142406234 Company Secretary : Falcon Secretarial & Accounting Services Suite 5-11 & 5-12, 5 th Floor, Menara TJB No.9, Jalan Syed Mohd.Mufti 80000 Johor Bahru Auditors : Azmi Ismail & Co Chartered Accountant Malaysia No.15, Jalan Padi Emas 6/2 Bandar Baru UDA 81200 Johor Bahru 4

ORGANIZATION CHART ORGANIZATION CHART Managing Director Dato Abdul Rahman b. Mohamed Shariff Chief Executive Officer Mohd Nazim b. Sabtu Account / Admin Department Business Development Department Project Department Contract Administration Department Sales & Marketing Department Accountant Adibah Binti Abu Bakar Business Development Manager Adli b.shahriman Sr.Project Manager Haji Hamid b.mohd Amin Construction Manager Haji Abdullah b.mohd Saat Contract Manager Mohd.Azmi b.abd.aziz Sales Marketing Manager Mohd.Riza b.mohd Khalid HR/Admin Officer Liaison Executive Architect Sr.Health Safety Officer Contract Executive Asst. Manager Sales Marketing Senior Finance / Acc. Executive Sr.Clerk of Work Clerk of Work Contract Executive 2 Sr.Sales Admin Executive IT Executive Contract Assistant Marketing Assistant Driver 5

1. MUDRA TROPIKA SDN SDN BHD BHD -DEVELOPMENT LAYOUT 2. COMPLETED PROJECTS -NONGCHIK HEIGHTS Nongchik Heights (NCH) features the concept of village life in a city that promises to inspire modern lifestyle, contemporary and exclusiveness in Iskandar Malaysia Development. NCH is strategically located in the heart of Johor Bahru City. It was developed with lush landscaping and picturesque views and close proximity to several city landmarks such as Country Garden @ Danga Bay, Precint A1 @ Danga Bay, Tropicana Danga Bay, Tanjung Puteri Waterfront, City Square Johor Bahru, KOMTAR JBCC, Danga City Mall, and the redevelopment of JB CBD Heritage City. 6

With an area of approximately 16 hectares of prime land, the development includes residential and commercial. The most important characteristics of NCH is a residential concept of Honeycomb, a new housing concept and the first in Johor compared with other projects already existing named as Nongchik Heights Residence while the commercial comprised of 3-storey shop office named as Nongchik Heights Commercial. Each house is arranged around a circle made up of several forms like Cluster Two (2) house, Cluster Four (4) house and Cluster Six (6) house. It is like sitting at a round table in the middle where the circle is a recreational park that offers a healthy living environment. Recreational parks are built with abundant greeneries with safety features that are suitable for recreation for the whole family as well as locals. NCH is also one of the first new housing introduces the concept of Thermal Comfort in Johor. Among the advantages and characteristics of thermal comfort are: Roof cooler - the use of high-quality roof insulation to prevent the entry of solar heat during day time Improve air circulation in the evening - change the flow of air in the entire house by absorbing air from the outside at night Wall shading reduces direct sunlight to the wall to avoid the summer heat in the house Use concrete walls and floors-to eliminate heat quickly and maintain cool This area was formerly a government quarters. Its surrounded terrain is undulating and hilly. The development is an icon to another housing project in Johor Bahru based on the adoption of the unique features of traditional and modern urban village introduced in this project. Clustered housing introduced by Mudra Tropika is also capable of creating high neighborliness among residents. Apart from highlighting the main features of the above, we also strongly emphasize safety features to ensure that residents can live in peace and tranquility. Each home is equipped with an alarm system and smart home of high quality to ensure the safety of their family and possessions. Smart home system installed in every home allows resident to control the life of the lamp house wherever they are by using mobile phone or computer. Introducing the modern concept, residents also enjoy the HSBB (High Speed Broadband) free for 2 years. HSBB offers high speed internet facility at least 5Mbps, WiFi, email, modem and free calls to all fixed line at a minimum rate of 10 cents per minute for all mobile phone numbers nationwide. In addition, with the HSBB system, resident also enjoy a TV channel called HyppTV containing more than 20 broadcast entertainment and information for family viewing. Each group homes are planned as a separate garden and each home is protected by a wall fenced and has only one access road for the purpose of control and protection. Business and commercial area separated from the housing to avoid traffic congestion undue in resident neighborhood. 7

- THE NONGCHIK HEIGHTS RESIDENCE The project was divided into 2 phases that is Phase 2A and 2B, comprised of 82 units and 85 units of cluster houses respectively and were built on a Malay Reserve land. All the 167 units were fully sold and majority of the buyers are government officers from both the State and Federal Government, with Total Gross Development Value (GDV) of RM61.85 million. There are 6 types of houses with price ranging from RM295,500.00 to RM683,500.00. @ HONEYCOMB TYPE FLOREA, A1 : 2-STOREY CLUSTER 2 HOUSE PRICE FROM BUILT-UP AREA LAND AREA FROM : RM508,000.00 : 2,442.00 sq ft : 2,292.73 sq ft @ HONEYCOMB TYPE INDICA, B1 : 2-STOREY CLUSTER 4 HOUSE PRICE FROM BUILT-UP AREA LAND AREA FROM : RM295,500.00 : 1,658.00 sq ft : 1,442.38 sq ft 8

@ HONEYCOMB OM TYPE INDICA, B2 : 2-STOREY CLUSTER 4 HOUSE PRICE FROM BUILT-UP AREA LAND AREA FROM : RM372,000. : 1,706.00 sq ft : 1,840.64 sq @ HONEYCOMB TYPE CERANA, C1 : 2-STOREY CLUSTER 6 HOUSE PRICE FROM BUILT-UP AREA LAND AREA FROM : RM438,000.00 : 2,171.00 sq ft : 2,077.45 sq ft 9

@ HONEYCOMB TYPE CERANA, C2 : 2-STOREY CLUSTER 6 HOUSE PRICE FROM BUILT-UP AREA LAND AREA FROM : RM470,000.00 : 2,171.00 sq ft : 2,195.86 sq ft @ HONEYCOMB TYPE CERANA, C3 : 2-STOREY CLUSTER 6 HOUSE PRICE FROM BUILT-UP AREA LAND AREA FROM : RM568,000.00 : 2,213.00 sq ft : 3,670.52 sq ft 10

-THE NONGCHIK HEIGHTS COMMERCIAL The project comprised of 24 units of 3-storey shop office with price ranging from RM750,000.00 to RM1,168,700.00. Build on a Malay Reserve land, all units were fully taken-up and purchasers are from government retirees, professionals (doctor, lawyer and property valuer), non-government organization, company and businessman. Presently, the shop office is either owner operated or rented to food restaurant (local food, middle east, western and Indian cuisine), fitness center, budget hotel, mini market, automobile service center and laundry shop. Total Gross Development Value (GDV) is RM19.5 million. @ 3-STOREY SHOP OFFICE PRICE FROM : RM750,000.00 BUILT-UP AREA FROM : 4,884.00 sq ft LAND AREA FROM : 1,753.00 sq ft 11

-NONGCHIK RIVERSIDE Nongchik Riverside (NR) is located in a strategic area that is definitely superior and promising business opportunity with good investment returns. It is located only three (3) minutes from the heart of Johor Bahru and within the Iskandar Regional Development Malaysia, the future business hub to Johor Bahru. It strategic location opens up vast opportunities for investors. The project comprised of 40 units of 3-storey shop gallery with price ranging from RM1,155,000.00 to RM2,180,000.00. Build on a 99 years leasehold and international land, all units were fully sold and majority of the buyers are professional and businessman. Total Gross Development Value (GDV) is RM56.5 million. @ 3-STOREY SHOP GALLERY PRICE FROM : RM1,155,000.00 BUILT-UP AREA FROM : 4,650.00 sq ft 12

3. FUTURE AND ONGOING PROJECTS -D PERMATA D' Permata @ Nongchik Heights featured 26 exclusive Semi-Detached Houses and 11 Bungalows with the concept of a 'modern tropical' along Jalan Nong Chik. This low-density settlement will improve the lives by highlighting the concept of beauty and greenery amid the cosmopolitan city of Johor Bahru. Build on a 99 years leasehold and Malay Reserve land, the sales of the residential property is only open to Malays. Majestic in a strategic location, just 5 minutes from downtown Johor Bahru, D Permata @ Nongchik Heights is surrounded by a variety of important basic facilities such as hospitals, mosque, temple, primary and secondary school and some of the leading shopping centers such as JB City Square and City Plaza. D Permata @ Nongchik Heights is also easily accessible by various roads and major highways including Estern Dispersal Link Expressway (EDL), Highway Inner Circle, Tebrau Highway, Jalan Skudai and Jalan Ayer Molek. D Permata @ Nongchik Heights semi-detached house has two types that is The Citrina 2- storey Semi-Detached house and The Garnetia 3-storey Semi-Detached house. As at January 2015, all 14 units of The Citrina had been fully taken-up and the construction has reached 80% completion. As for The Garnetia, 9 out of 12 units had been sold and construction has reached 40% completion. Price ranges from RM777,500.00 to RM1,072,000.00. The Bungalow unit comes in with 3 types of designs, namely The Zirconia, The Emeralda and The Saphira. The Zirconia is a 3-storey Bungalow (6 units), The Emeralda is a 2-storey Bungalow (4 units) and The Saphira is a 3-storey Bungalow (1 unit). Price of all these Bungalows ranges from RM1,632,900.00 to RM2,718,500.00. Presently, 4 units of The Zirconia Bungalow s construction had reached 40% completion. Total Gross Development Value (GDV) is RM43.7 million. 13

-D Permata @ Nongchik Heights @ 2-storey Semi-Detached house The Citrina (Type A) PRICE FROM : RM777,500.00 BUILT-UP AREA : 2,993.00 sq ft LAND AREA FROM : 3,207.00 sq ft @ 3-storey Semi-Detached house The Garnetia (Type B) PRICE FROM : RM855,000.00 BUILD-UP AREA : 2,783.00 sq ft LAND AREA FROM : 3,196.00 sq ft 14

@ 3-storey Bungalow The Zirconia (Type B1) PRICE FROM : RM1,632,900.00 BUILD-UP AREA : 4,450.00 sq ft LAND AREA FROM: 7,578.00 sq ft @ 2-storey Bungalow The Emeralda (Type B3) PRICE FROM : RM1,775,000.00 BUILD-UP AREA : 3,507.00 sq ft LAND AREA FROM: 8,407.00 sq ft 15

@ 3-storey Bungalow The Saphira (Type B2) PRICE FROM : RM2,718,500.00 BUILD-UP AREA : 4,524.00 sq ft LAND AREA FROM: 11,829.500 sq ft D PERMATA @ NONGCHIK HEIGHTS LAYOUT PLAN 16

28@GERTAK MERAH 28 @ Gertak Merah is another project by Mudra Tropika Sdn Bhd, an exclusive luxurious living with urban scenerity, low density, privacy and landscaped environment. Comprising of 28 limited exclusive units of semi-detached house, this project is designed with a tropical modern concept in mind and is meticulously built with precision and detailed execution. Residents' well-being and security are placed with high importance, whereby each and every house comes with state of the art alarm system with panic button. This 3-storey semi-detached house, with land area of 40 feet by 80 feet comes with an open roof top and a spacious built up area of 4,130 square feet. Build with 4 bedrooms and 4 bathrooms, the roof top promises a relaxing, refreshing and rejuvenating environment. Price ranging from RM1,450,000.00 to RM3,200,000.00. The project is now open for registration and expected to launch in March 2015. Total Gross Development Value (GDV) is RM46.5 million. @ 3-storey Semi-Detached house The 28@ GM PRICE FROM : RM1,450,000.00 BUILT UP AREA : 4,130.00 sq ft LAND AREA FROM : 3,221.00 sq ft 17

THE 28 @ GM LAYOUT PLAN 18