JBB BUILDERS(01903): Any other reasons unknown causing changes in price or trading volume.

JBB Builders (01903) announced that the board of directors has confirmed, after making all reasonable inquiries into the relevant circumstances, that apart from the disclosures in the following text, the board is not aware of any other reasons for the price or volume changes, or any material information that must be disclosed to avoid false market in the company's securities, or any insider information that must be disclosed under the Securities and Futures Ordinance. The company also confirms that there have been no significant changes in the business operations or financial condition of the company and its subsidiaries. In accordance with the Securities and Futures Ordinance, non-executive director Ngooi Leng Swee (Ngooi) beneficially owns 100% of the shares of JBB Berlian Investment Limited and is deemed to have an interest in 161 million shares held by JBB Berlian Investment Limited, representing 32.25% of the company's total issued share capital as of the date of this announcement. Based on a confirmation document dated May 16, 2018, Datuk Wong Sze Wai (Datuk Wong) and Ngooi are deemed to be persons acting in concert (as defined in the Takeovers and Mergers Code issued by the Securities and Futures Commission). Therefore, Datuk Wong and Ngooi together control approximately 71.10% of the company's total issued share capital. The company has been informed by Ngooi that JBB Berlian Investment Limited has entered into a placement agreement with a placement agent, under which the placement agent will facilitate subscribers to subscribe for up to a total of 100 million existing shares of the company, representing approximately 20% of the company's total issued share capital as of the date of this announcement (placement matter). As of the date of this announcement, the placement matter has not been completed.