AME ELITE CONSORTIUM BERHAD ("AME" OR THE "COMPANY") (I) JOINT VENTURE; (II) ACQUISITION; AND (III) PROVISION OF FINANCIAL ASSISTANCE (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

AME ELITE CONSORTIUM BERHAD ("AME" OR "COMPANY") PROPOSED ACQUISITIONS OF TWO (2) PIECES OF FREEHOLD LANDS IN MUKIM OF SENAI, DISTRICT OF KULAI, STATE OF JOHOR, MEASURING APPROXIMATELY 31.82 ACRES IN TOTAL LAND AREA BY THE SUBSIDIARIES OF AME, FROM NICE FRONTIER SDN BHD ("NFSB" OR "VENDOR") FOR A TOTAL CASH CONSIDERATION OF RM101,182,920.20