The Board of Directors of IKKR wishes to announce that IKKR has signed a Sales and Purchase Agreement with Serentak Maju Corporation Sdn Bhd (“SMCSB”), a wholly-owned subsidiary of MKH Berhad, to dispose one (1) parcel of freehold agriculture land with an aggregate land area of 6.0323 hectares identified as Lot 540, GRN 342880 situated in the Mukim of Semenyih, District of Hulu Langat, Selangor Darul Ehsan (“Bangi Land”) for a gross cash consideration of RM42.2 million (“Proposed Disposal”).