On behalf of the Board of Directors of Cengild Medical, Hong Leong Investment Bank Berhad wishes to announce that the Company is proposing to undertake the following:

(i) proposed acquisition of a stratified property with a combined net floor area of 100,442 square feet together with at least 182 carpark bays forming part of a purpose-built private medical centre to be erected on a parcel of leasehold land held under Pajakan Negeri 46331, Lot 58194, Mukim and Daerah Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur for a cash consideration of approximately RM122.34 million (“Proposed Acquisition”); and

(ii) proposed variation and extension of timeframe for the utilisation of proceeds raised from the initial public offering pursuant to Rule 8.24 of the ACE Market Listing Requirements (“Proposed Variation”).

(The Proposed Acquisition and Proposed Variation are collectively referred to as the “Proposals”).

Please refer to the attached announcement for further details in relation to the Proposals.

This announcement is dated 29 December 2023.