The Board of Directors of MAYU wishes to announce that Sunrise Manner Sdn. Bhd. (SMSB or the Purchaser), a 80% owned subsidiary of MAYU, had on 25 August 2023 entered into a Sale and Purchase Agreement (SPA) with Tan Phaik Gaik (the Vendor) for the acquisition of all the piece of land held under Individual Title Geran No. 19165, No. Lot 1136, Mukim 15, Daerah Seberang Perai Tengah, Negeri Pulau Pinang, measuring approximately 23.8969 acres (equivalent to 1,040,948.964 square feet) (the Land) for a purchase price of RM43,719,856.50 (RM42.00 per square foot) only (Purchase Price) to be satisfied in cash.

(herein referred to as "Proposed Acquisition")

Please refer to the attached file for the full text of the Announcement.

Remarks:
This announcement is dated 25 August 2023.

Please refer attachment below.
MAYU-Bursa Ann-Sunrise-Acquisition Land-Final