The Board hereby announces that on 19 January 2024 (after trading hours), the Developer (an indirect wholly-owned subsidiary of the Company) entered into the Land Development Rights Agreement with the Landowner, pursuant to which the Landowner has agreed to grant the Developer the rights to develop the Property pursuant to the terms of the Land Development Rights Agreement and the Developer has agreed to acquire such rights at a consideration of RM158,500,000.00 (equivalent to approximately HK$262,809,000.00).

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