The Board of Directors of Steel Hawk ("Board") wishes to announce that Steel Hawk Engineering Sdn Bhd ("SHESB" or "Purchaser"), a wholly-owned subsidiary of Steel Hawk, had on 30 November 2022 entered into a Sale and Purchase Agreement ("SPA") with Advance-Parcel Services Sdn Bhd [Company No.: 199201021963 (253467-X)] ("APSSB" or "Vendor") for the acquisition of all that piece of leasehold land held under PN 4084, Lot 3695, Mukim Teluk Kalung, Daerah Kemaman, Negeri Terengganu measuring 2184 square metres in area, together with a Semi Detached Double Storey Office annexed with a Single Storey Warehouse erected thereon, bearing postal address Lot 3695, Jalan MIEL TK 3, Kawasan Perindustrian MIEL, 24000 Chukai, Terengganu  ("Property"), for a total cash consideration of Ringgit Malaysia Two Million Four Hundred Thousand (RM2,400,000) only, subject to the terms and conditions as stipulated in the SPA ("Proposed Acquisition").

Please refer to the attachment for further details.

This announcement is dated 30 November 2022.