The Board of Directors of Fututech Berhad (“Fututech” or “Company”) wishes to announce that Ace Equity Sdn. Bhd., a wholly-owned subsidiary of Advance Industries Sdn. Bhd., which in turn a wholly-owned subsidiary of the Company had purchased a motor vehicle from a related party, Kerjaya Prospek Sdn. Bhd. Details of the said transaction is set out in the attachment.