The Board of Directors (“Board”) of P.A. Resources Berhad ("PARB" or "the Company") wishes to announce that P.A. Extrusion (M) Sdn Bhd (“PAE” or the “Purchaser”), a wholly-owned subsidiary of the Company, has on 19 February 2024 entered into two (2) Sale and Purchase Agreements on the acquisition of two (2) pieces of vacant leasehold industrial lands with Niken Steel (M) Sdn. Bhd. [Registration No.: 201501044560 (1169881-P)] of D-23-01, Level 23, Menara Mitraland, No. 13A Jalan PJU 5/1, Kota Damansara, PJU 5 Petaling Jaya, 47810 Selangor for a total consideration of Ringgit Malaysia Twenty-One Million (RM21,000,000.00) only as per terms and conditions stipulated in each Sale and Purchase Agreements.     

(“Proposed Acquisition of Industrial Lands”)

Please refer to the attachment for further details.

This announcement is dated 19 February 2024.