Summer Salute Sdn. Bhd. agreed to acquire Bandar Subang Sdn.

Bhd. from Farlim Group (Malaysia) Bhd. (KLSE:FARLIM) for MYR 11.5 million on June 23, 2022.

The proceeds from the Disposal shall be utilized for working capital purposes. The Disposal is not subject to the approval of the shareholders of Farlim.