The Board of PMC wishes to announce that PMC had on 23 September 2021 entered into a sale and purchase agreement with Inter Mark Resources Sdn Bhd to acquire 31,620,000 ordinary shares representing 51% of the total issued share capital of A & W (Malaysia) Sdn Bhd for a purchase consideration of RM21,037,500, to be satisfied via a combination of cash amounting to RM11,570,625, and transfer of 63,112,500 PMC Shares which are currently held as treasury shares (“Consideration Shares”) at a transfer price of RM0.15 per Consideration Share ("Proposed A&W Acquisition").

Please refer to the attachment for further details on the Proposed A&W Acquisition.

This announcement is dated 23 September 2021.