The Board of Directors (“Board”) of Mah Sing wishes to announce that on 18 January 2023, the wholly-owned subsidiaries of Mah Sing, Supreme Springs Sdn Bhd (“Supreme Springs”) and Legend Grand Development Sdn Bhd (“Legend Grand”) (collectively referred to as “the Purchasers”) had entered into the following agreements with Millennium Acres Sdn Bhd (“Vendor”):

i. a conditional sale and purchase agreement (“SPA”) entered into by Supreme Springs for the proposed acquisition of land in Puchong Perdana, Daerah Petaling, Negeri Selangor measuring approximately 3.844 acres (“Parcel 1”) for a purchase consideration of RM40,186,713.60 (“Parcel 1 Consideration”) (“Parcel 1 SPA”);and

ii. a conditional SPA entered into by Legend Grand for the proposed acquisition of land in Puchong Perdana, Daerah Petaling, Negeri Selangor measuring approximately 4.369 acres (“Parcel 2”) for a purchase consideration of RM45,675,273.60 (“Parcel 2 Consideration”) (“Parcel 2 SPA”)

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

This announcement is dated 18 January 2023.