On behalf of the Board of Directors of Hektar Asset Management Sdn Bhd ("Board"), being the management company of Hektar REIT ("Manager"), wishes to announce the following:

1. MTrustee Berhad, being the trustee of Hektar REIT ("Trustee"), had on 19 February 2025 entered into a conditional Sale and Purchase Agreement ("SPA)" with Microlead Precision Technology Sdn Bhd ("Vendor") for the proposed acquisition of two (2) blocks of single-storey factory annexed with double-storey offices and one (1) block of three-storey production area and office building located at Bayan Lepas, Penang, erected on a leasehold land held under title No. PN 5908, Lot 14840, Mukim 12, District of Barat Daya, Penang ("Subject Property") at the purchase consideration of RM30 million ("Purchase Consideration").
2. Simultaneously, the Vendor has signed a Master Lease Agreement ("Lease") on 19 February 2025 to continue operations at the facility and will become effective upon completion of the SPA. The lease period is for 15 years with option to renew for an additional term. The above are collectively referred to as the ("Proposed Acquisition and Lease").

None of the parties involved in the transaction are related to or associated with any of the Directors, major shareholders, or their connected persons. The transaction has been reviewed and is being executed solely in the best interests of the company, free from any conflict of interest or personal gain considerations.

Further details on the Proposed Acquisition and Lease are set out in the attachment enclosed.

This announcement is dated 19 February 2025.