Definitive Agreements In Relation To The Proposed Sale Of Seventy-Two (72) Freehold Industrial Plots Measuring Approximately 169.8 Acres In Phase 3, Southern Industrial & Logistics Clusters ("SILC") In Iskandar Puteri, Johor For A Total Consideration Of RM434.3 Million ("Proposed Sale")

Reference is made to the Company’s announcements dated 9 October 2020, 6 November 2020, 7 December 2020, 30 December 2020, 30 July 2021, 28 October 2021, 17 December 2021, 3 March 2022, 22 August 2022, 8 November 2022, 13 December 2022, 28 June 2023, 29 August 2023, 20 February 2024 and 13 March 2024 in relation to the Proposed Sale. Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the previous announcements.

In relation to the Proposed Sale, the Company wishes to announce that SPA 1 has been completed on the part of the Purchaser on 20 December 2024.

This announcement is dated 23 December 2024.