On behalf of the Board of Directors of Farlim (“Board”), Affin Hwang Investment Bank Berhad (“Affin Hwang IB”) wishes to announce that Farlim (Perak) Sdn Bhd (“Farlim Perak” or “Vendor”), a wholly-owned subsidiary of Farlim, had on 25 September 2024, entered into a conditional sale and purchase agreement with Gabong Holding Sdn Berhad (“Gabong” or “Purchaser”) (“SPA”) for the disposal of a leasehold housing scheme with individual title issued consisting of 1,201 pieces of individual leasehold titles, 3 pieces of Tenaga Nasional Berhad (“TNB”) substation leasehold titles and 1 piece of Sistem Suis Utama (“SSU”) tapak pencawang elektrik leasehold title, held under Title No. HSD 16599 to 17802 & 183566, Lot No. PT 21779 to PT 22982 & PT 24754, Mukim of Teja, District of Kampar, State of Perak (“Land”) together with reserved land for infrastructure, utilities, amenities and services (“Reserved Land”) (collectively referred to as the “Gopeng Land”), measuring total gross land area of approximately 39.174 hectares (96.800 acres), for a total cash consideration of RM33,000,000 (“Disposal Consideration”) (“Proposed Disposal”).

Please refer to the attachment for further details.

This announcement is dated 25 September 2024.