The Board of Directors of SEM wishes to announce that its 60%-owned subsidiary, QVI Foods Sdn Bhd ("QVI") had on 28 April 2026 entered into a Sale and Purchase Agreement with several individuals ("Vendors") for the proposed acquisition of a parcel of freehold agricultural land measuring about 0.86 hectare (about 92,564 square feet ("sq. ft.")) located in Seri Kembangan, Selangor for a cash consideration of RM19.0 million or at about RM205 per sq. ft. ("Proposed Acquisition").
Please refer to the attached announcement for details.
This announcement is dated 28 April 2026.