Dimensi Mutiara Sdn Bhd agreed to acquire Agricultural Land located in Mukim Ulu Lepar, Malaysia for MYR18.6 million on August 20, 2021. The Purchase Price shall be settled in the following manner: (i) MYR 371,200 only paid by the Dimensi Mutiara to the Mentiga Corporation prior to the execution of agreement. (ii) MYR 1.4848 million will be paid simultaneously with the execution of agreement. (iii) MYR 0.5568 million will be paid with in thirty days. (iv) MYR 16.1472 million will be paid with in 120 days. The transaction has been approved by the board of the Mentiga Corporation Berhad. The Proposed Disposal is subject to the consents of: (i) The State Authority for the transfer of land from MCB to DMSB; (ii) The Estate Land Board pursuant to Section 214A National Land Code 1965 for the transfer of the Land to DMSB; and (iii) or any regulatory authorities. The transaction is expected to close in first quarter of 2022. The proceeds arising from the Proposed Disposal shall be utilised as follows: Repayment outstanding to creditors and suppliers, Working capital for the Group, Part of the proceeds for working capital will be utilised to complete the development of estate and complex at Ulu Lepar Estate and redemption of loan and Estimated expenses for the proposed disposal.