The Board of Directors of SJC (the ?Board?) wishes to announce that Seni Jaya Sdn. Bhd., a wholly-owned subsidiary of the Company, had on 17 August 2023 entered into a Sale and Purchase Agreement with Ri Sen Auto Parts Sdn. Bhd. (the ?Purchaser?) for the disposal of one (1) unit of 1 ? semi-detached factory with land area measuring approximately 975 square meters in area held under Individual H.S.(D) 55020, No. PT 56439, Mukim Klang, Daerah Klang, Negeri Selangor Darul Ehsan and bearing postal address of No. 4, Jalan Anggerik Mokara 31/61, Kota Kemuning, Seksyen 31,40460 Shah Alam, Selangor for a total consideration of Ringgit Malaysia Four Million and Seven Hundred Thousand (RM 4,700,000.00) only.

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

This announcement is dated 17 August 2023.