In compliance with Paragraph 9.19(46) of Chapter 9 of the Main Market Listing Requirements ("MMLR") of Bursa Malaysia Securities Berhad ("Bursa Securities"), The Board of Directors of Sarawak Consolidated Industries Berhad ("SCIB" or "the Company") is pleased to announce that a revaluation on the Land and Buildings ("Properties") of the Group has been carried out by the independent firms of professional valuers, Rahim & Co International Sdn. Bhd. and VPC Alliance (Sarawak) Sdn. Bhd. (hereinafter referred to as "the Valuers") in September 2023 using the market value as the basis of valuation. 

Further details of the Announcement are set out in the attachment below.

This announcement is dated 26 January 2024.

Please refer attachment below.