The Board of Directors of OCR (the "Board") wishes to announce that OCR Avenue Sdn. Bhd. ("OASB" or the "Vendor"), an indirect wholly-owned subsidiary of the Company, had on 24 March 2026 entered into a Sale and Purchase Agreement ("SPA") with Magna Ecocity Sdn. Bhd. as Registered Proprietor ("MESB" or the "Registered Proprietor") and Twinicon (M) Sdn. Bhd. as Purchaser ("Twinicon" or the "Purchaser") to sell a portion of development property to be developed measuring approximately 4.58 acres in area (the "Sale Land") from all that piece of 99 years leasehold lands held under No. Hakmilik PN 344295, Lot No. 10469 Seksyen 15, Bandar Shah Alam, Daerah Petaling, Negeri Selangor (previously known as No. Hakmilik H.S.(D) 16667, No. PT 12 Seksyen 15, Bandar Shah Alam, Daerah Petaling, Negeri Selangor) measuring approximately 8.0937 hectares in area ("Title") (the "Land") for a total consideration of Ringgit Malaysia Forty Five Million (RM45,000,000.00) only ("Proposed Disposal").
Please refer to the attachment for details of the Proposed Disposal.
This announcement is dated 24 March 2026.