MQ TECHNOLOGY BERHAD ("MQ TECH" or "THE COMPANY)
Proposed acquisition of 3.060,000 ordinary shares representing 51% of the enlarged issued share capital of Oriental Link Properties (M) Sdn Bhd (Oriental Link)(Offered Shares) from Lee Khoon Eng for a consideration of RM3,650,000 (Purchase Price) ("Proposed Acquisition")

We refer to your Company’s announcement dated 5 October 2021, in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1) The date on which the Share Sale Agreement was entered into.

2) The manner in which the Purchase Price will be satisfied including the terms of any arrangement  for payment on a deferred basis.

3) The net profits and net assets of Oriental Link based on its latest audited accounts.

4) The net book value of the land held under Geran Mukim 1386  (“Land”) based on Oriental Link’s latest audited accounts.

5) Quantification of the fair value of the Land referred to in Section 3 of the announcement and the basis thereof.

6) Whether there was any valuation carried out on the Land; if so, the name of the independent registered valuer, date and method of valuation, quantification of the market value, and to  make the valuation report and valuer’s letter available for inspection.

7) The existing and proposed use of the Land. If for development, details as per Appendix 10A, Part C(4) of the Listing Requirements. If currently let out or is proposed to be let out, the details of the rentals and the rental income or expected rental income per month or per annum.

8)  Terms of tenure of the Land. If leasehold, the expiry date of the lease.

9)  Encumbrances on the Land, if any.

10) Prospects of Oriental Link and the Land.

11) The risks in relation to the Proposed Acquisition.

12) Whether the Proposed Acquisition is subject the relevant government authorities’ approval.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully

LISTING

REGULATION

Cc : Market Surveillance Dept., Securities Commission (via fax)