HOTEL ROYAL LIMITED
(Incorporated in the Republic of Singapore)
(Co. Reg. No. 196800298G)
The Board of Directors (the "Board") of Hotel Royal Limited (the "Company", and together with its subsidiaries, collectively the "Group") refers to the Announcement relating to the unaudited results for the second half and financial year ended 31 December 2020 (the "Announcement") which was released on 1 March 2021 and wishes to bring to attention that there are some typographical errors appearing in Subsequent Events under item 17 on page 20 of the Announcement. These have been amended and highlighted in bold italic print as follows:
"We have taken possession of Royale Chulan Bukit Bintang on 22 February 2021.
RM161.54 million of the purchase consideration of RM177.30 million was paid to the Vendor on 22 February and a final payment RM15.76 million will be made by 21 March 2021, being one month from the transfer of legal possession of the property by the Vendor.
We will cease operation of the property for about 24 months to renovate the property."
BY ORDER OF THE BOARD
Sin Chee Mei
Company Secretary
8 March 2021