We refer to your Company's announcement dated 26 January 2024, in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1) Further clarification on how the Board is satisfied that the Purchase Consideration is fair and reasonable, given that the Purchase Consideration was fixed by the Land and Survey Department of Sarawak and no valuation was carried out by SCIB.

2) Whether the Company has considered any other sites prior to accepting the offer for the Land.

3) All the salient terms and conditions of the agreement for the Land Acquisition and the date of said agreement.

4) Further clarification on the nature and reason for the Land and Survey Department of Sarawak to grant the exemption from the fourth and fifth instalment payments in the event that the factory is completed within 3 years.

5) The expiry date of the lease of the Land.

6) Further clarification that the Land Acquisition is expected to increase the gearing of SCIB Group for the financial year ending 30 June 2024, in view that the first instalment will be funded via internally generated funds and the subsequent instalments which will be funded by bank borrowings will only commence in year 2025.

7) Further clarification on the basis that the construction of the new factory can be completed within 1 year (i.e. by first quarter of 2025).

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully,

Listing

Regulation

Cc : Market Surveillance Dept. , Securities Commission (via fax)