The Board of Directors of the Company wishes to announce that Metalmach Micro Technology Sdn. Bhd. [Registration No. 199001010586 (202156-P)], a 51%-owned subsidiary of the Company had on 1 July 2026 entered into a Sale and Purchase Agreement ("SPA") with MCGF Sdn. Bhd. [Registration No. 200801013336 (814624-W)] in relation to the Proposed Acquisition.
The Land was purchased on an "as is where is" basis, free from all charges and encumbrances and with vacant possession, subject to the terms and conditions set out in the SPA, for the total cash consideration of RM10,165,858.56 only.
Please refer to the attachment for full details of the Proposed Acquisition.
This announcement is dated 1 July 2026.