The Board of Directors of Leon Fuat Berhad (“LFB” or the “Company”) wishes to announce that Leon Fuat Metal Sdn Bhd, a wholly-owned subsidiary of the Company, has on 30 July 2021 entered into a sale & purchase agreement with Irama Utama Sdn Bhd for the acquisition of all that piece of leasehold land held under individual title No. H.S.(M) 47185, No. PT 65648, Mukim Kapar, Daerah Klang, Negeri Selangor for a purchase price of RM20,425,146.10 (“Proposed Acquisition”).

Please refer to the attachment for details of the Proposed Acquisition.

This announcement is dated 30 July 2021.