The Board of Directors of BPPLAS wishes to announce that BP Packaging Sdn. Bhd. ("BP Packaging”), a wholly-owned subsidiary of BPPLAS, had on 23 August 2022, entered into a Sale and Purchase Agreement ("SPA") with KHP Steel Product (M) Sdn. Bhd. [Registration No. 200001028469 (531076-U) for the acquisition of all that piece of leasehold industrial land held under Pajakan Negeri 36047 Lot 36918, Mukim of Simpang Kanan, District of Batu Pahat, State of Johor, together with an individual industrial complex erected thereon which comprised of one double storey office building annexed single-storey factory and one block of single-storey detached factory, for a total purchase consideration of RM14,900,000, upon the terms and conditions as stipulated in the SPA.

Further details of the Proposed Acquisition are set out in the enclosed attachment.

This announcement is dated 23 August 2022.