Pursuant to Paragraph 10.08(1) of Bursa Malaysia Securities Berhad’s (“Bursa”) Main Market Listing Requirements (“Listing Requirements”), the Board of Directors of Resintech Berhad (“the Company”) wishes to announce that its wholly-owned subsidiary, Resintech Plastics (M) Sdn. Bhd. ("RPSB" or "Purchaser") had on 15 December 2020 entered into a Sale and Purchase Agreements ("SPA”) with Resintech Holding Sdn. Bhd. (“RHSB” or “Vendor”) (formerly known as Kang Heng Enterprise Sdn. Bhd.) to acquire of the industrial property with an aggregate gross area measuring approximately 843.095 square meters (9,075 square feet) located at Lot No. PT 14228, HS(D) 128469, Pekan Pandamaran, District of Klang, State of Selangor Darul Ehsan for a total consideration of RM1,590,000.00 (”Proposed Acquisition”).

Please refer to the attachment for further details on the Proposed Acqusition.

This announcement is dated 15 December 2020.