On behalf of the Board of Directors of Radium ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that Radium J Velodrome Sdn Bhd (formerly known as Gi Citarasa Sdn Bhd) ("RVSB" or the "Purchaser"), a wholly-owned subsidiary of Montanica Development Sdn Bhd ("Montanica"), which is in turn a wholly-owned subsidiary of Radium, had on 25 November 2024, entered into a conditional sale and purchase agreement ("SPA") with Dupion Development Sdn Bhd ("DDSB" or the "Vendor"), for the proposed acquisition of the following 3 parcels of contiguous leasehold land:-

i) a piece of 99-year leasehold land expiring on 16 July 2113 held under Pajakan Negeri 52861 Lot 480881, Tempat Velodrom Cheras, Mukim Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur measuring approximately 49,800 square metres (12.30 acres) bearing postal address Lot 480881, Jalan Yaacob Latif, Bandar Tun Razak, 56000 Wilayah Persekutuan Kuala Lumpur;

ii) a piece of 99-year leasehold land expiring on 23 June 2115 held under Pajakan Negeri 52880 Lot 481143, Tempat Jalan Cheras, Mukim Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur measuring approximately 2,625 square metres (0.65 acres) bearing postal address Lot 481143, Jalan Yaacob Latif, Bandar Tun Razak, 56000 Wilayah Persekutuan Kuala Lumpur; and

iii) a piece of 99-year leasehold land expiring on 23 June 2115 held under Pajakan Negeri 52879 Lot 481144, Tempat Jalan Cheras, Mukim Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur measuring approximately 835 square metres (0.21 acres) bearing postal address Lot 481144, Jalan Yaacob Latif, Bandar Tun Razak, 56000 Wilayah Persekutuan Kuala Lumpur, 

(collectively referred to as the "Subject Lands"), for a total purchase consideration of RM458.00 million ("Purchase Consideration"), to be satisfied entirely in cash ("Proposed Acquisition").

The Proposed Acquisition is deemed as a related party transaction pursuant to Paragraph 10.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Listing Requirements") ("Bursa Securities"), by virtue of the interests of the directors and/ or major shareholders of Radium in relation to the Proposed Acquisition. 

Further details of the Proposed Acquisition are set out in the attachment enclosed.

This announcement is dated 25 November 2024.

Please refer attachment below.