Pursuant to Paragraph 10.06 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”), the Board of Directors of ECOBUILT (“Board”) wishes to announce that the Company, has on 16 November 2020 entered into a Sale and Purchase Agreement (“SPA”) with Laksana Empayar Sdn. Bhd. [Company No. 201501040265 (1165583-V)] (“Laksana” or “the Vendor”) to acquire all that freehold land held under HS(D) 153762 PT 73952 Mukim Kapar Daerah Klang Negeri Selangor, that is subjected to the category of use of land of “Perusahaan”, express condition of “Perusahaan ringan” and restriction of interest of “Tiada”, measuring approximately 5337 square meters (hereinafter called "the Property") for a total consideration of RM5,629,805.02 (“Purchase Consideration”) (“the Proposed Acquisition”).

Please refer to the attached for further details.

This announcement is dated 16 November 2020.