GuocoLand (Malaysia) Berhad (“Company”) wishes to announce that GLM Emerald Industrial Park (Jasin) Sdn Bhd (“GLM EIPJ”), a 68%-owned indirect subsidiary of the Company, has on 13 August 2020 entered into a conditional sale and purchase agreement with Scientex Heights Sdn Bhd (“SHSB”) and IOI Corporation Berhad for the proposed disposal by GLM EIPJ to SHSB of 2 parcels of land located in the Mukim and District of Jasin, State of Melaka for a total cash consideration of RM260,174,594 (“Proposed Disposal”).

Please refer to the attached announcement for the details of the Proposed Disposal.

This announcement is dated 13 August 2020.