The Board of Directors of ACME HOLDINGS BERHAD announced that the Company had on 28 January 2022 entered into a Sale and Purchase Agreement with Ramsey Properties Sdn Bhd, to acquire the following properties for a total cash consideration of MYR 8,000,000.: First All that unit of Parcel No.: A43, Ground Floor, One-Stop Midlands Property Park Centre held under Hakmilik Geran 64084/M1/2/29, No. Petak 29, No. Tingkat 2, No.

Bangunan M1, No. Lot 2653, Seksyen 1, Bandar Georgetown, Daerah Timor Laut, Negeri Pulau Pinang measuring approximately 1,333 square feet in area and bearing assessment address at 488B-G-42, One-Stop Midlands Park Centre, Jalan Burma Sek. 1, 10350 Pulau Pinang; and Second Property: All that unit of Parcel No.

S01, Lower Basement Floor, One-Stop Midlands Park held under Hakmilik Geran 64084/M1/B1/1, No. Petak 1, No. Tingkat B1, No.

Bangunan M1, Petak Aksesori A84, No. Lot 2653, Seksyen 1, Bandar Georgetown, Daerah Timor Laut, Negeri Pulau Pinang measuring approximately 2,498 square feet in area; Third Property: All that unit of Parcel No. S01, First Floor, One-Stop Midlands Park held under Hakmilik Geran 64084/M1/B1/1, No.

Petak 1, No. TingkatB1, No. Bangunan M1, Petak Aksesori A84, No.

Lot 2653, Seksyen 1, Bandar Georgetown, Daerah Timor Laut, Negeri Pulau Pinang measuring approximately 25,885 square feet in area and bearing postal address at 488B-01-88, One-Stop Midlands Park Centre, Jalan Burma Sek. 1, 10350 Pulau Pinang; and Fourth Property: All that unit of Parcel No. S01, Second Floor, One-Stop Midlands Park held under Hakmilik Geran 64084/M1/B1/1, No.

Petak 1, No. Tingkat B1, No. Bangunan M1, Petak Aksesori A84, No.

Lot 2653, Seksyen 1, Bandar Georgetown, Daerah Timor Laut, Negeri Pulau Pinang measuring approximately 18,064 square feet in area and bearing postal address at 488B-02-88, One-Stop Midlands Park Centre, Jalan Burma Sek. 1, 10350 Pulau Pinang; and Fifth Property: All that unit of Parcel No. S01, Third Floor, One-Stop Midlands Park held under Hakmilik Geran 64084/M1/B1/1, No.

Petak 1, No. Tingkat B1, No. Bangunan M1, Petak Aksesori A84, No.

Lot 2653, Seksyen 1, Bandar Georgetown, Daerah Timor Laut, Negeri Pulau Pinang measuring approximately 18,064 square feet in area and bearing postal address at 488B-03-88, One-Stop Midlands Park Centre, Jalan Burma Sek. 1, 10350 Pulau Pinang; and Sixth Property: All that unit of Parcel No. S01, Fourth Floor, One-Stop Midlands Park held under Hakmilik Geran 64084/M1/B1/1, No.

Petak 1, No. Tingkat B1, No. Bangunan M1, Petak Aksesori A84, No.

Lot 2653, Seksyen 1, Bandar Georgetown, Daerah Timor Laut, Negeri Pulau Pinang measuring approximately 18,064 square feet in area and bearing postal address at 488B-04-88, One-Stop Midlands Park Centre, Jalan Burma Sek. 1, 10350 Pulau Pinang. The Consideration shall be paid by the Purchaser in the following manner: (a) Deposit (inclusive of earnest deposit of MYR 1,000,000)- 30% MYR 3,240,000.

(b) Balance Purchase Price – 70% MYR 4,760,000, Total - 100 % MYR 8,000,000. The Consideration of the Acquisition was arrived at after taking into consideration, amongst others, the location of the Properties and the market value of the Properties of MYR 9,000,000. as appraised by the valuer, One Asia Property Consultants (Pg) Sdn Bhd on 28 January 2022.

Barring any unforeseen circumstances, the Acquisition is expected to be completed by December 2022.