The Board of Directors (“Board”) of Minda Global Berhad wishes to announce that Asiamet (M) Sdn Bhd (Company No. 442341-P) (“Asiamet”), a wholly-owned subsidiary of Asiamet Education Group Sdn. Bhd. (Company No. 746920-M), which in turn is a wholly- owned subsidiary of the Company has on 25 February 2020 entered into a Main Sale and Purchase Agreement (“Main SPA”) with Ascent Resource Holdings Sdn. Bhd. (Company No. 1076315-T), (“the Purchaser”) for the disposal of institutional premises comprising fifteen (15) contiguous units of four (4) storey terraced shop offices/offices (Academic Block), a single storey auditorium, eleven (11) units of stratified ground floor shop offices/offices, five (5) units of stratified first floor shop offices/offices and three (3) units of stratified second floor shop offices/offices and a car park area (collectively referred to as “the Properties”) for a total cash consideration of Ringgit Malaysia Thirty Million (RM30,000,000.00) only (“Disposal Consideration”) (“Proposed Disposal”).

Please refer to the attachment below.