The Board of Directors (“Board”) of SARAWAK CONSOLIDATED INDUSTRIES BERHAD (“SCIB” or “Company”) wishes to announce that SCIB PROPERTIES SDN. BHD. [Company Registration No.: 200101019135 (554892-V)] ("SCIBP”) (“Purchaser”), an indirect wholly-owned subsidiary of SCIB, had on  6 November 2024 entered into four (4) Sale & Purchase Agreements (“SPA” or “Agreements”) to purchase all that parcel of land and appurtenances thereof situate at Jalan Bintulu-Sibu, Bintulu containing total area of 7.34815  hectares, with the Vendors (as defined in Section 2 of this announcement) for a total consideration of Ringgit Malaysia Eighteen Million Four Hundred and Ten Thousand (RM18,410,000.00) only (“Purchase Consideration”) (“Proposed Acquisition”).

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

This announcement is dated 6 November 2024.