Pursuant to Rule 10.05 of the ACE Market Listing Requirement of Bursa Malaysia Securities Berhad, the Board of Directors of Kanger wishes to announce that the Company had on 29 September 2022 entered into the following:-

1. a share sale agreement ("SSA 1") with Zeng RongYing ("Purchaser") for the proposed disposal of its 100% equity interest in Kanger Investment (HK) Limited for a cash consideration of USD1.00 (equivalent to RM4.6265); and
2. a share sale agreement ("SSA 2") with the Purchaser for the proposed disposal of its 100% equity interest in Kanger Trading (HK) Co., Limited for a cash consideration of USD1.00 (equivalent to RM4.6265),

The above transactions are collectively referred to as the "Proposed Disposals".

Please refer to the attachment for further details of the Proposed Disposals.

This announcement is dated 29 September 2022.