The Board of Directors of Fajarbaru Builder Group Bhd ("FBG” or "the Company") is pleased to announce that Fajarbaru Land (M) Sdn Bhd (“FLM”) a wholly-owned subsidiary of FBG, has on 11 October 2024 entered into Share Purchase Agreement (“SPA”) with Mayfair International Investments Pty Ltd (“MII”) to dispose of 44.44% (represented by 1,000,100 ordinary shares) equity interest in BFB Project Pty Ltd (“BFB”) (“Proposed Disposal”), totalling AUD4,200,000.00 (Australian Dollar Four Million Two Hundred Thousand Only) or equivalent to RM12,108,180.00* (Ringgit Malaysia Twelve Million One Hundred Eight Thousand One Hundred Eighty Only) (“Disposal Consideration”) as detailed in the attachment.

This announcement is dated 11 October 2024.