The Board of Directors of George Kent ("Board") wishes to announce that the Company had on 19 June 2026 entered into a Share Purchase Agreement ("SPA") with the Datuk Ng Kam Meng ("NKM") and Datin Wong Chang Hoa ("WCH") (collectively referred to as the "Sellers"), for the acquisition of their 69,572,760 ordinary shares in Techkem Group Sdn Bhd (Registration No. 202001039332 (1395653-W)) ("Techkem") ("Techkem Share(s)") (representing 66% equity interest in Techkem) and 10,541,328 Techkem Shares (representing 10% equity interest in Techkem) respectively, totalling 80,114,088 Techkem Shares ("Sale Shares"), representing 76% equity interest in Techkem for a total cash consideration of Ringgit Malaysia Two Million only (RM2,000,000.00) ("Purchase Price"). The Proposed Acquisition includes Techkem's three (3) wholly-owned subsidiaries, namely (i) Techkem Utilities Sdn Bhd, (ii) Techkem Chemicals Sdn Bhd and (iii) Techkem Resources Sdn Bhd ("TK Group").
Further details of the Proposed Acquisition are set out in the attachment enclosed.
This announcement is dated 19 June 2026.