On behalf of the Board of Directors of Beshom, Affin Hwang Investment Bank Berhad wishes to announce that Hai-O Enterprise Bhd ("Hai-O" or "Vendor"), a wholly-owned subsidiary of Beshom, entered into a sale and purchase agreement with JT Development Sdn Bhd ("JTD" or "Purchaser") on 16 June 2026 for the proposed disposal of 3 plots of freehold industrial land measuring an aggregate of 58,994 square metres (approximately 14.58 acres or 635,027 square feet ("sq ft")), all located in Mukim Kapar, Tempat Batu 3 1/2, Jalan Kapar, Daerah Klang, Negeri Selangor, for a cash consideration of RM85.80 million comprising the following:
(a) HSM 207914, PT 165770, measuring 27,285 square metres (approximately 6.74 acres or 293,703 sq ft);
(b) HSM 207915, PT 165771, measuring 15,861 square metres (approximately 3.92 acres or 170,732 sq ft); and
(c) HSM 207916, PT 165772, measuring 15,848 square metres (approximately 3.92 acres or 170,592 sq ft).
Further information on the Proposed Disposal is set out in the attachment.
This announcement is dated 16 June 2026.