The Board of Directors (“Board”) of Mah Sing wishes to announce that on 7 August 2025, Suria Lagenda Development Sdn Bhd (“SLDSB” or “Purchaser”), a wholly-owned subsidiary of Mah Sing, had entered into a Sale and Purchase Agreement (“SPA”) with Ming Court Hotel (KL) Sdn Bhd (“MCHKL” or “Vendor”) for the proposed acquisition of a prime freehold land (“Land”) and building in Jalan Ampang, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur measuring approximately 1.485 acres (collectively referred to as the “Property”) for a total purchase consideration of RM260,000,000 (“Purchase Consideration”).

Please refer to the attachment for further details of the Proposed Acquisition.

This announcement is dated 7 August 2025.