Pursuant to Rule 10.06 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad (“Listing Requirements”), the Board of Directors of Tex Cycle Technology (M) Berhad (“TCTB” or “the Company”) wishes to announce that Tex Cycle Sdn. Bhd. (“TCSB”) a wholly- owned subsidiary of the Company, had on 6 January 2023 entered into two (2) Sale and Purchase Agreements (“SPA(s)”) with Sedaya Rasmi (M) Sdn. Bhd. (“the Purchaser”) for the disposal of one (1) unit of 2 storey detached factory erected on a piece of leasehold land located at No. 7, Jalan TPK 2/4, Taman Perindustrian Kinrara, Seksyen 2, 47810 Puchong, Selangor Darul Ehsan; and one and half (1 ½) storey detached factory bearing postal address No. 8, Jalan TPK 2/3, Taman Perindustrian Kinrara, Seksyen 2, 47180 Puchong, Selangor Darul Ehsan (“the Properties”) for an aggregate cash consideration of  RM19,000,000.00 only (“Purchase Price”) (“Proposed Disposal”).

Further details of the Proposed Disposal are set out in the attachment herein.

This announcement is dated 10 January 2023.