The Board of Directors of SJCB (the ?Board?) wishes to announce that Seni Jaya Sdn Bhd (?SJSB? or the ?Purchaser?), a wholly-owned subsidiary of the Company, had on 27 January 2022, entered into a Share Sale Agreement (?SSA?) with Sooria Narayanan A/L Shanmugam @ Shumugam (the ?Vendor?) (collectively with the Purchaser, to be referred as the ?Parties?) for the proposed acquisition of 55% of the paid-up share capital in Andaman Media Sdn Bhd, Saakti Billboards Sdn Bhd and Tanjong Jernih Sdn Bhd respectively (collectively, the ?Companies?) (?Sale Shares?) for a total consideration of RM8.5 million (?Consideration?) (?Proposed Acquisition?).

Please refer to the attachment for further details.

This announcement is dated 28 January 2022.