Further to the Company’s announcements made on 7 and 21 May 2020, the Directors of Ireka Corporation Berhad (“Ireka”) wishes to announce that Ireka is still in the midst of finalising the definitive agreements in respect of the De-merger Arrangement with Aseana Properties Limited. Ireka expects the signing of these agreements will take place by 15 June 2020 and that further announcement will be made in due course.

This announcement is dated 29 May 2020.