The Board of Directors of Fututech Berhad ("Company") is pleased to announce that the Company has on 6 February 2015 entered into a Heads of Agreement with Datuk Tee Eng Ho, Datin Toh Siew Chuon and Mr. Tee Eng Seng (“Vendors”) to explore and negotiate further with the Vendors on a proposed acquisitions by the Company of the entire issued and paid-up share capital of each Kerjaya Prospek (M) Sdn. Bhd. and Permatang Bakti Sdn. Bhd. from the Vendors for a total indicative purchase consideration of RM380 million (“Proposed Injection”).

Details of the Proposed Injection and a press release in relation to the Proposed Injection are attached for information.