The Board of Directors of Hartalega Holdings Berhad (“HARTALEGA” or “the Company”) wishes to announce that Hartalega NGC Sdn. Bhd. (“HNGC”), a wholly-owned subsidiary of the Company, has on 25 March 2020 entered into a Sale and Purchase Agreement (“the Agreement”) with Bonus Essential Sdn. Bhd. (“the Vendor” or “BESB”) [Registration No. 201201017489 (1003001-U)] for the acquisition of land for a total cash consideration of Ringgit Malaysia Two Hundred Sixty Three Million Ninety Six Thousand Five Hundred Sixty Two and Ninety Six Cents (RM263,096,562.96) only for Industrial Land upon the terms and conditions as stipulated  in the Agreement (“the Acquisition”).

The details of the Acquisition is attached.

This announcement is dated 25 March 2020.