The Board of Directors of Kerjaya Prospek Group Berhad (“Company”) wishes to announce that its wholly-owned subsidiary, Bazarbayu Sdn. Bhd. (“Bazarbayu”) has on 11 October 2018 entered into a Shares Sale Agreement to acquire 90,000 ordinary shares in Yakin Land Sdn. Bhd. (“YLSB”) representing 90% equity interest in YLSB (“Sale Shares”) for a total purchase consideration of Ringgit Malaysia One Million Three Hundred Fifty Thousand (RM1,350,000.00) (“Acquisition”) for the Sale Shares. The Acquisition also involved the liabilities to be assumed by Bazarbayu and YLSB.

Details of the announcement are set out in the file attached. Also attached is the press release for information.

This announcement is dated 11 October 2018.