TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS VESTLAND BERHAD ("VESTLAND" OR "THE COMPANY") PROPOSED ACQUISITION OF PROPERTIES BY VESTLAND RESOURCES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

VESTLAND BERHAD

The Board of Directors of the Company wishes to announce that Vestland Resources Sdn Bhd, a wholly-owned subsidiary of the Company, had entered into the following:

1. Ten (10) Sale and Purchase Agreements ("SPA(s)") all dated 16 July 2024 with Sg. Besi Construction Sdn Bhd [Registration No. 199701001852 (417348-W)] (“SBC”) for the acquisition of ten (10) units of office suite located at the Subplace Boulevard, Pusat Komersil Vestland, Seksyen U1, Shah Alam, Selangor, Malaysia from SBC for a total cash consideration of Ringgit Malaysia Six Million Nine Hundred Eighty Five Thousand (RM6,985,000.00); and

2. Six (6) SPAs all dated 16 July 2024 with Armani KPF2 Development Sdn Bhd [Registration No. 202. 2001033443 (1389764-P)] (“AKPF2”) for the acquisition of six (6) units of semi-detached industrial warehouse/factory at the Armani Business Park situated in the locality of Kg. Malawa, Kota Kinabalu, Sabah, Malaysia from AKPF2 for a total cash consideration of Ringgit Malaysia Eighteen Million (RM18,000,000.00).

Please refer to the attachment for further details.

This announcement is dated 16 July 2024.

Announcement Info