The Board of Directors of OCR (the “Board”) wishes to announce that its wholly-owned subsidiary, OCR Ventures Sdn Bhd (formerly known as YP OCR Development Sdn Bhd) [Registration No. 201601038462 (1209403-K)] (“OCRV” or “the Purchaser”), had on 31 March 2022 entered into seven (7) Sale and Purchase Agreements (“SPAs”) with OCR Properties (YOLO) Sdn Bhd [Registration No. 200601021381 (741134-P)] (“OCRYOLO” or the “Vendor”) to acquire seven (7) units of parcels on the proposed integrated commercial development known as YOLO Signature Suites (“YOLO” or the “Project”) on a piece of leasehold land held under Pajakan Negeri 119800 Lot No. 86700 (formerly known as Pajakan Negeri 108843, Lot No. 62142), Bandar Sunway, Daerah Petaling, Negeri Selangor (the “Parcels”) (the “Land”) at a total consideration of RM7,139,200.00 (“Purchase Price”) (“Proposed Acquisition”).

Please refer to the attached announcement for the details of the Proposed Acquisition.

This announcement is dated 31 March 2022.