On behalf of the Board of Directors of WMG, Kenanga Investment Bank Berhad wishes to announce that on 11 November 2022:

(i) Wah Mie Realty Sdn Bhd (“WMRSB”), an indirect wholly-owned subsidiary of WMG, had entered into a sale and purchase agreement with Sejati Sentral (Sandakan) Sdn Bhd for the disposal by WMRSB of a parcel of land held under Title No. CL075168320, located in the District of Sandakan, State of Sabah for a cash consideration of RM22.00 million; and

(ii) Wilakaya Sdn Bhd (“WSB”), an indirect wholly-owned subsidiary of WMG, had entered into a sale and purchase agreement with FYT Land (KK) Sdn Bhd for the disposal by WSB of 5 parcels of land held under individual Titles No. CL015105709, CL015105727, CL015105736, CL015105745, and CL015110326, all located in the District of Kota Kinabalu, State of Sabah for a total cash consideration of RM57.00 million,

(collectively referred to as the “Proposed Disposals”).

Please refer to the attachment for further details.

This announcement is dated 11 November 2022.