The Board of Directors of Radium Development Berhad (“Radium” or “the Company”) wishes to announce that Radium Global Sdn. Bhd. (“Radium Global” or “the Purchaser”), a wholly-owned subsidiary of the Company, had on 9 June 2023, entered into a conditional Sale & Purchase Agreement (“SPA”) to acquire all that piece of freehold land held under GM 9196, No. Lot/PT 38323, Mukim Petaling, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan measuring approximately 124,172.47 square feet in area ("the Said Property 1") and all that piece of leasehold land of ninety nine (99) years expiring on 17th April 2085 held under PN 30685, No. Lot/PT 31955, Mukim Petaling, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan measuring approximately 35,359.45 square feet in area ("the Said Property 2") from LAU LEOK WOOI, LOW YOKE KEONG, LOW BOON WAH @ LAWRENCE LOW, LOW LAY CHING @ NANCY LOW, CATHERINE LOW LAY MING and LOW LAY TENG (collectively “the Vendors”) for a total purchase consideration of RM71,789,364.00 subject to the terms and conditions therein the SPA.

Please refer to the attached document for further details.

This announcement is dated 9 June 2023.