The Board of Directors of Sunzen wishes to announce that the Company had on 11 November 2020 entered into a Sale and Purchase Agreement (“SPA”) with Ingredients Plus Properties Sdn. Bhd. [Registration No. 202001031368 (1387688-P)] of No. 8, Jalan Sungai Kayu Ara 32/31, Taman Perusahaan Berjaya, 40460 Shah Alam, Selangor Darul Ehsan, to sell a piece of  freehold industrial land held under individual title GRN 99189, Lot No. 69279, Mukim Klang Daerah Klang, Negeri Selangor measuring approximately 4,047 square metres and a three storey factory building erected thereon bearing postal address of No. 50, Jalan Anggerik Mokara 31/47, Kota Kemuning 40460 Shah Alam, Selangor Darul Ehsan together with the furniture, fixtures and fittings, storage steel racking and all other things as listed in the SPA (hereinafter be referred to as “the Disposal”) for a total cash consideration of RM14,200,000 subject to the terms and conditions as set out in the SPA.

Please refer to the attachment for further details of the Disposal.

This announcement is dated 11 November 2020.