The Board of Directors of KHIB wishes to announce that it had on 13 September 2024 entered into a Sale and Purchase Agreement ("SPA") with a third-party developer, Wisdom Infinity Sdn. Bhd., for the acquisition of a semi-detached factory with office namely Lot No. F 10 with a built-up of approximately 15,216 square feet which will be situated on a freehold land measuring approximately 23,479.51 square feet, pending land subdivision, and the said land is currently held under the master land title Lot 541 (Geran No. Hakmilik 311880) and Lot 542 (Geran No. Hakmilk 311881) both situated at Seksyen 1, Pekan Jenjarom, Daerah Kuala Langat, Negeri Selangor, Malaysia for a net cash consideration of approximately RM5.9 million (Ringgit Malaysia Five Million and Nine Hundred Thousand) only, subject to the terms and conditions as contained in the SPA.

Please refer to the attachment for further details.

This announcement is dated 13 September 2024.