Reference is made to the announcement dated 2 August 2021. Unless otherwise stated, defined terms used in this announcement shall have the same meanings as those used in the aforementioned announcement.

The Board of Directors of the Company wishes to announce that the condition precedent set out in the SPA has not been fulfilled within the stipulated timeline, the SPA had been terminated and the Deposit and 1st Balance has on 30 June 2022 been refunded to FMGLM while the private caveat that lodged over the Properties had been withdrawn effective 29 June 2022.

As a result of the above, FMGLM will no longer be pursuing the Proposed Acquisitions. Further, there will not be any impact to the operation of the Group arising from the termination of the SPA.

This announcement is dated 30 June 2022.

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FM - Freight Management Holdings Bhd published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 July 2022 02:22:03 UTC.