The Board of Directors of Paragon Globe Berhad wishes to release an official press statement on PGB Proposes RM127.28 Million Sedenak Acquisition to Anchor RM1.69 Billion JS-SEZ Industrial Park. PGB proposes to acquire a 753/1000 undivided share of beneficial interests in a 256.7-acre freehold Master Land in Sedenak, Johor, for a cash consideration of RM127.28 million. Combined with a recently completed RM13.86 million initial acquisition, the Group will secure an aggregate 841/1000 share-representing approximately 218.1 acres of the Master Land-for a total consideration of RM141.14 million. This press release is for the information of Bursa Malaysia Securities Berhad and the public in general. 

Kindly refer to the attachment for further details of the Press Statement.

This announcement is dated 14 July 2026.