The Board of Directors of Flexidynamic wishes to announce that Flexidynamic Engineering Sdn. Bhd. ("Purchaser" or "FESB"), a wholly-owned subsidiary of the Company had on 5 July 2022 entered into the Sale and Purchase Agreeement ("SPA") with Eraglo Properties Sdn. Bhd. ("Vendor" or "EPSB") in relation to the acquisition of a piece of freehold industrial land identified as HSD 48996, PT51477, Mukim Tanjong Duabelas, District of Kuala Langat, Selangor measuring approximately 1,828 square metres together with a single-storey semi-detached factory incorporating a 2-storey building erected thereon within a light industrial development known as EXCELLENT TECHNOLOGY PARK IV and bearing postal address of No. 10, Jalan 1/3, Kawasan Perusahaan Olak Lempit, 42700 Banting, Selangor (“Property”) for a consideration of RM4,888,888.00 (“Purchase Consideration”) (“Proposed Acquisition”).

Please refer to the attachment for further information.

This announcement is dated 5 July 2022.