The Board of Directors of Fututech is pleased to announce that Senandung Raya Sdn Bhd, a wholly-owned subsidiary of Fututech, had on 12 December, 2012 entered into a conditional sale and purchase agreement with Creative Interlink Sdn Bhd, to acquire a piece of land measuring approximately 35,310 square metres held under PN 48548 Lot 10333 Mukim Bukit Raja, Daerah Petaling Negeri Selangor for a total purchase consideration of RM16,500,000 (“Proposed Acquisition”).

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