The Board of Directors of SJC (the ?Board?) wishes to announce that Seni Jaya Sdn. Bhd. (?SJSB? or the ?Vendor?), a wholly-owned subsidiary of the Company, had on 21 October 2022 entered into five (5) Sale and Purchase Agreements (?SPAs? or individually referred to as ?SPA?) with UOB Equity Sdn. Bhd. (the ?Purchaser?) for the disposal of five (5) parcels of Shop Offices held under Bandar Kuala Lumpur, Daerah Wilayah Persekutuan Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur (the ?Properties? or individually referred to as the ?Property?) for a total consideration of RM11.5 million (?Proposed Disposal?).

Please refer to the attachment for details of the Proposed Disposal.

This announcement is dated 21 October 2022.