The Board of Directors of CSH wishes to announce that Alliance EV Sdn Bhd (a wholly-owned subsidiary of the Company), has on 10 May 2022, entered into a Sale and Purchase Agreement (“SPA”) with Medium Visa Sdn Bhd and Harapan Iringan Sdn Bhd, to acquire three (3) adjoining plots of industrial land identified as Lot Nos. PT 17209, PT 17210, and PT 17211 held under Title Nos. HSD 336, HSD 351, and HSD 357, all in Mukim of Hulu Bernam Timor, District of Muallim, Perak, with a total land area of approximately 55.3186 acres for a total cash consideration of RM12 million and subject to the terms and conditions as stipulated in the SPA.

Please refer to the attached for further details.

This announcement is dated 10 May 2022.