For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcements made on 28 October 2022, 27 January 2023 and 27 April 2023.

Further to the Company’s announcements made on 28 October 2022, 27 January 2023 and 27 April 2023 in relation to the Term Sheet entered into between Lagenda Etika Sdn. Bhd. (“LESB” or the “Developer”), a wholly-owned subsidiary of ACME and PERTUBUHAN KESELAMATAN SOSIAL (“PERKESO”), the Board of Directors of ACME wishes to announce that LESB had on 2 May 2023 entered into a Joint Development Agreement (Definitive Agreement) (“JDA”) with PERKESO for the development and construction of the proposed planning, design, construction and completion of the development of 1 block of 48 storey service apartment, 8 storey car park and commercial retail (2 storey) and 1 storey basement car park onall that piece of freehold land and hereditaments known as No Hakmilik: Geran 34211, Lot No. 94, Seksyen 58, Bandar Kuala Lumpur, Daerah Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur and measuring approximately 1.87 acres (approximately 7552.199 square meters) in total area.

Please refer to the attachment for further details of the JDA.

This announcement is dated 2 May 2023.