Sierac Corporate Advisers Sdn Bhd (“SCA”), on behalf of the Board of Directors (“Board”) of Lien Hoe Corporation Berhad (“Company” or “Lien Hoe”) and together with its subsidiaries, (the “Group”) wishes to announce that its wholly owned subsidiary, Christine Resort Sdn Bhd (“Christine Resort”) has, on  4 September 2020, entered into a conditional sale and purchase agreement (“SPA”)  with Countryland Realty Sdn Bhd (“Countryland Realty”) for the disposal of a parcel of freehold land located within Bandar Seri Alam, 81750 Masai, Johor held under the title HS(D) 592954 PTD 239918, in the Mukim of Plentong, District of Johor Bahru, State of Johor measuring an approximate area of 69.03 acres (“Land”) for a cash consideration of RM88,666,380 (“Sale Consideration”) or reduced sale price of RM64,621,260 as further elaborated under Section 2.4.1 of the attached announcement.