The Board of Directors of Artroniq wishes to announce that Fujim Digital Sdn. Bhd. [Registration No. 200601011969 (731719-P)], a 60% owned subsidiary of Artroniq, had on 8 May 2024 entered into a Sale and Purchase Agreement with Mr. Teoh Boon Thiam, for the disposal of all that piece of land held under Geran No. Hakmilik 47107, Lot No. 309, Seksyen 2, Bandar Ayer Itam, Daerah Timor Laut, Negeri Pulau Pinang, together with a unit of the single-storey semi-wooden house erected thereon and bearing assessment address No. 234-A, MK 16, Lorong Sempadan 2, 11500 Pulau Pinang  for a total of cash consideration of Ringgit Malaysia One Million Eight Hundred Thousand (RM1,800,000.00) only ("Proposed Disposal').

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

This announcement is dated 8 May 2024.