The Board of Directors of Fututech is pleased to announce that Bazarbayu Sdn. Bhd., a wholly-owned subsidiary of Fututech, had on 21 January 2013 entered into a conditional sale and purchase agreement with KYM Leisure Sdn. Bhd., to acquire 3 pieces of leasehold land measuring in area approximately 1,932.6 square metres each aggregating to 5,797.8 square metres held under HSM 6598, 6599 and 6600, PT 20484, PT 20485 and PT 20486 all in Tempat Genting Highlands, Mukim Bentong, Daerah Bentong, Negeri Pahang for a total purchase consideration of RM8,000,000 (“Proposed Acquisition”).

Please refer to the attachment for further details on the Proposed Acquisition.