【IWCITY 1589 交流专区】依斯干达海滨城市（前名 TEBRAU ）

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Type	Announcement
Subject	MEMORANDUM OF UNDERSTANDING
Description	Iskandar Waterfront City Berhad ("IWCity" Or "The Company")- Memorandum Of Understanding ("MOU") Between IWCity and Meliá Hotels International S.A. or Any of Its Affiliates ("Meliá Hotels International")
The Board of Directors of IWCity (“Board”) wishes to announce that the Company had on 4th March 2024, signed a Memorandum of Understanding (“MOU”) with Meliá Hotels International in relation to the management of the Hotel to be developed by the Company or any of its subsidiaries or affiliates or related companies (“Developer”) under Meliá Hotels International’s “Meliá Hotels & Resorts” brand (“Brand”) (“Proposed Collaboration”). Please refer to the attachment in relation to the MOU for further details. This announcement is dated 4 March 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3427898

Attachments IWCity - MOU with Melia International.pdf

Type	Announcement
Subject	OTHERS
Description	Press Release : IWC Unveils RM4.3 Billion Master Development Plan for the Next Decade
The press statement entitled "IWC Unveils RM4.3 Billion Master Development Plan for the Next Decade" is attached. Please refer attachment below.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3427899

Attachments PR_IWC Unveils RM4.3 Billion Master Development Plan for the Next Decade_Final.pdf

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ISKANDAR WATERFRONT CITY BERHAD

Date of change	08 Mar 2024
Name	DATUK LIM KENG GUAN
Age	60
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Executive Director
New Position	Non Executive Director
Directorate	Non Independent and Non Executive

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2024	30 Jun 2023	30 Jun 2024	30 Jun 2023
		$$'000	$$'000	$$'000	$$'000

1	Revenue	38,239	22,644	76,449	40,063
2	Profit/(loss) before tax	3,250	-5,279	3,767	-7,403
3	Profit/(loss) for the period	953	-5,279	1,449	-7,401
4	Profit/(loss) attributable to ordinary equity holders of the parent	953	-5,279	1,449	-7,401
5	Basic earnings/(loss) per share (Subunit)	0.10	-0.57	0.16	-0.80
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.8000		0.8000

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2024	31 Dec 2023	31 Dec 2024	31 Dec 2023
		MYR'000	MYR'000	MYR'000	MYR'000

1	Revenue	7,121	40,901	101,751	104,721
2	Profit/(loss) before tax	-18,744	1,172	-17,163	-5,263
3	Profit/(loss) for the period	-18,651	922	-18,980	-6,303
4	Profit/(loss) attributable to ordinary equity holders of the parent	-18,651	922	-18,980	-6,303
5	Basic earnings/(loss) per share (Subunit)	-2.02	0.10	-2.06	-0.68
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent	0.7800		0.8000

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Type	Announcement
Subject	PARAGRAPH/RULE 8.03A COMPANIES REGULARISATION PLAN
Description	ISKANDAR WATERFRONT CITY BERHAD (“IWCITY” OR “COMPANY”)(i)        PROPOSED PRIVATE PLACEMENT; (ii)        PROPOSED DEBT SETTLEMENT;(iii)        PROPOSED CAPITAL REDUCTION; AND(iv)        PROPOSED MGO EXEMPTION,(COLLECTIVELY, “PROPOSED REGULARISATION PLAN”)
On behalf of the Board of Directors of IWCity, Maybank Investment Bank Berhad wishes to announce that the Company : (a) had, on 20 March 2025, entered into a conditional settlement agreement with Rampai Fokus Sdn Bhd (“RFSB”), a wholly-owned subsidiary of Danga Bay Sdn Bhd, which is in turn wholly-owned by Iskandar Waterfront Holding Sdn Bhd, a major shareholder of the Company, for the proposed issuance of up to 725,405,406 new ordinary shares in IWCity for the full settlement of the outstanding advances made available by RFSB to IWCity and its group of subsidiaries (collectively, the “Group” or the “IWCity Group”) as at 28 February 2025, being the latest practicable date prior to the date of this Announcement (“LPD”),  together with the interest accrued thereon, amount to an aggregate sum of RM268.4 million (“Proposed Debt Settlement”); (b) proposes to undertake the following to regularise its financial condition in accordance with Paragraph 8.04(3) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad: (i) proposed private placement of up to 92,112,700 new ordinary shares in IWCity (“IWCity Share(s)” or “Share(s)”), representing not more than 10% of the total number of issued IWCity Shares as at the LPD, at an issue price to be determined later (“Proposed Private Placement”); (ii) Proposed Debt Settlement; (iii) proposed capital reduction involving the reduction of the issued share capital of IWCity pursuant to Section 117 of the Companies Act, 2016 (“Act”) via the cancellation of the Company’s paid-up share capital which is substantially unrepresented by available assets amounting to RM120.0 million. The corresponding credit of RM120.0 million arising from such cancellation will be used to set-off against the accumulated losses of the Company while the remaining balance, if any, will be credited to the retained earnings of the Company which shall be used in a manner to be determined by the Board at a later date and in the best interest of the Company as permitted by the relevant and applicable laws as well as the Listing Requirements (“Proposed Capital Reduction”); and (iv) proposed exemption under Paragraph 4.08(1)(b) of the Rules on Take-overs, Mergers and Compulsory Acquisitions issued by the Securities Commission Malaysia for RFSB and persons acting in concert with it from the obligation to undertake a mandatory take-over offer for all the remaining IWCity Shares not already owned by them upon completion of the Proposed Debt Settlement (“Proposed MGO Exemption”). Further details of the Proposed Regularisation Plan are set out in the enclosed attachment. This announcement is dated 20 March 2025.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3536495

Attachments Appendix II - Historical financial information of the IWCity Group vf.pdf Appendix I - Salient Terms of Settlement Agreement vf.pdf Iwcity - Requisite announcement vf.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2025

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2025	31 Mar 2024	31 Mar 2025	31 Mar 2024
		MYR'000	MYR'000	MYR'000	MYR'000

1	Revenue	7,300	38,210	7,300	38,210
2	Profit/(loss) before tax	-3,641	517	-3,641	517
3	Profit/(loss) for the period	-3,641	496	-3,641	496
4	Profit/(loss) attributable to ordinary equity holders of the parent	-3,641	496	-3,641	496
5	Basic earnings/(loss) per share (Subunit)	-0.40	0.05	-0.40	0.05
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent	0.7800		0.7800