1. Introduction

The Board of Directors of YXPM is pleased to announce that YX Properties Sdn Bhd ("YPSB"), a wholly-owned subsidiary of the Company, had on 4 March 2026, entered into a Sale & Purchase Agreement with XMA Realty Sdn Bhd ("XRSB") to purchase all that piece of land held under Individual Title Geran 18866, Lot 30534, Mukim Petaling Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur measuring approximately 195 square metres and Geran 63881, Lot 36089, Mukim Petaling Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur measuring approximately 720 square metres, together with one unit of four (4) storey factory erected thereon bearing postal address as 33, Jalan 2/131A, Kg Petaling, 58200 Kuala Lumpur for a consideration of RM10,000,000.00.

2. Purchase Consideration

The Proposed Purchase consideration of RM10,000,000.00 was based on a willing buyer, willing seller basis, taking into account the open market value of RM10,000,000.00 ascribed by an Independent Property Valuer, Messrs Raine & Horne International Zaki + Partners Sdn Bhd on 3 March 2026. 

The purchase consideration will be funded by internal cash reserve and bank borrowings.

3. Salient Terms of Sale and Purchase Agreement

YPSB shall pay a sum of RM300,000.00, being the Real Property Gains Tax retention sum to be held by YPSB's solicitors, and a sum of RM700,000.00, being the deposit payable to XRSB, upon execution of the Sale and Purchase Agreement (“SPA”), and the balance of the purchase consideration of RM9,000,000.00 shall be paid within four (4) months from the date of the SPA.

4. Gain or Loss from Proposed Purchase

The Proposed Purchase is not expected to result in a material gain or loss to the Company.

5. Information on the Property

The said property is located in Projek Jaya Industrial Park, a mature light industrial park situated off the 5 1/2 mile Jalan Kelang Lama. This locality forms part of the well-established Jalan Kelang Lama industrial belt, an area long recognised for its concentration of small to medium-scale industrial and commercial activities. The inner-city positioning places the said property within a highly urbanised environment supported by dense surrounding residential and commercial developments.

The said property comprises two (2) parcels of industrial land with a total land area of 915 square metres (9,849 square feet) and erected with a four (4) storey detached factory.

The four (4) detached factory is generally constructed of reinforced concrete frame with plastered brickwalls and supporting a reinforced concrete flat roof. The floor is of reinforced concrete slab finished within cement render and ceramic tiles. 

6. Information on the Vendor

XRSB is a company incorporated in Malaysia and having its business address at No. 33, Jalan 2/131A, Batu 5 1/2, Jalan Kelang Lama, 58200 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur.

7. Rationale of the Proposed Purchase

The Proposed Purchase forms part of YXPM Group’s on-going cost optimization and business streamlining strategy. The Proposed Purchase would allow YXPM Group to re-organise its resources and focus on its core businesses.

8. Risk

None of the Board of Directors of YXPM foresees any risk arising from the Proposed Purchase.

9. Financial Effect of the Proposed Purchase

The Proposed Purchase is not expected to have any material effect on the earnings, net assets and gearing of YXPM for the financial year ended 31 December 2025.

10. Approval Needed

The Proposed Purchase does not require approval from shareholders of YXPM or any statutory authorities.

11. Percentage Ratio

The highest percentage ratio for this Proposed Purchase is 9.22%.

12.Interest of Directors, and Major Shareholders and Persons Connected 

None of the Directors or major shareholders or persons connected to the Directors or major shareholders of the Company have any interest, direct or indirect, in the Proposed Purchase.

13. Statement by the Board of Directors on the Company

The Board of Directors of the Company is of the opinion that the Proposed Purchase is fair and reasonable and is in the best interest of YXPM.

14. Completion Timeframe
The Proposed Purchase is expected to be completed within four (4) months from the date of the SPA. In the event that YPSB are unable to pay the balance purchase price on or before the completion date, XRSB shall allow YPSB an automatic extension of two (2) months. 

This announcement is dated 4 March 2026.