Pursuant to Paragraph 10.05 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Listing Requirements”), the Board of Directors of SYF Resources Berhad (“SYF” or “the Company”) wishes to announce that Seng Yip Furniture Sdn. Bhd. (Registration No. 199301004255(258992-X)) (“Seng Yip Furniture” or “the Vendor”), a wholly-owned subsidiary of the Company had on 18 March 2020 entered into a Sale and Purchase Agreement (“SPA”) with EFF-Progressive Sdn. Bhd. (Registration No. 200401020583 (659087-K)) (“EFF- Progressive” or “the Purchaser”) for the disposal a piece of freehold land together with a single storey detached factory erected thereon held under GM 1099 Lot 1224, Mukim Semenyih, Tempat Batu 23, Jalan Sungai Lalang, Daerah Hulu Langat, Negeri Selangor, measuring approximately 1.2889 hectares in area (“the Property”) for a total consideration of RM11,700,000 (“Sale Consideration”) (“Proposed Disposal”).

Please refer to the attachment for the details of the announcement.

This announcement is dated 18 March 2020.