The Board of Directors of TSGB wishes to announce that Asal Harta Sdn. Bhd. (“AHSB”), a wholly-owned subsidiary of TSGB, had on 31 January 2023, entered into a Sale and Purchase Agreement (“SPA”) with Megan Mastika Sdn. Bhd. [Registration No. 201201028587 (1013074-U)] (“MMSB” or “Vendor”) of registered address at Level 14, Lion Office Tower, No. 1, Jalan Nagasari, 50200 Wilayah Persekutuan Kuala Lumpur, for the purchase of all that one (1) piece of leasehold land measuring approximately 7.54 acres in area expiring on 28th November 2111, forming part of the Master Land  held under PN 56725, Lot 11357, Kawasan Bandar XLII, Daerah Melaka Tengah, Negeri Melaka measuring 9.398 hectares in total land area at a total cash consideration of RM48,543,786.72 (Ringgit Malaysia: Forty Eight Million Five Hundred Forty Three Thousand Seven Hundred Eighty Six and Sen Seventy Two) only, upon the terms and conditions as stipulated in the SPA.

Please refer to the attached document for further details.

This announcement is dated 31 January 2023.