The Board of Directors of Plenitude wishes to announce that the Company has on 30 November 2021 through its 100%-owned indirect subsidiary, Plenitude Osaka Sdn. Bhd. (“POSB”), entered into a conditional Trust Beneficiary Interest Sale and Purchase Agreement between Ichigo Estate Co., Ltd. (“Ichigo”) as vendor and POSB as purchaser for POSB to purchase 100% of the shares for the beneficiary interest (“Beneficiary Interest”) of the Real Estate Management and Disposition Trust (the “Osaka Trust”), a real estate investment trust which was established by agreement between NihonLifeCreator Co., Ltd. as initial settlor and Mitsubishi UFJ Trust and Banking Corporation as trustee under The Trust Act (Act No. 108 of December 15, 2006)  and invested in a 14-storey hotel in Osaka, Japan (“Hotel”). POSB will incorporate a tokutei mokuteki kaisha (“TMK”), a special purpose company established under the Law Concerning Liquidation of Assets, and will assign the PSA to TMK to acquire the Osaka Trust.

Please refer to the attachment for the details of the announcement.

This announcement is dated 30 November 2021.