The Board of Directors of PECCA wishes to announce that Pecca Leather Sdn Bhd, a wholly-owned subsidiary of PECCA has on 12 January 2022 entered into a Sale and Purchase Agreement ("SPA") with UMW Development Sdn Bhd for the acquisition of a vacant leasehold industrial land free from encumbrances measuring approximately 4.31 acres of land forming part of a portion of qualified titles knowns as H.S.(D) 63081, PT 17942, Seksyen 20, Bandar Serendah, Daerah Ulu Selangor, Negeri Selangor at a purchase consideration of Ringgit Malaysia Eight Million Four Hundred and Forty Eight Thousand Four Hundred and Sixty Two (RM8,448,462.00) only in accordance with all the terms and conditions as stipulated in the SPA.

Please refer to the attachment, for further information.

This announcement is dated 12 January 2022.