The Board of Directors of Flexidynamic Holdings Berhad (“Flexidynamic” or “the Company” or “Purchaser”) wishes to announce that the Company has on 19 June 2025 entered into two (2) Share Sale Agreements (“SSAs”) for the proposed acquisition of 100% equity interest in Formtech Engineering (M) Sdn Bhd (Registration No: 201001006521 (891138-K)) (“Target Company” or “Formtech”) as follows:

(i)            A share sale agreement with HARPS INVESTMENT ASIA PTE LTD (Registration No: 201221964N) ("HARPS" or “Vendor 1”) for the acquisition of 5,800,000 ordinary shares in the Target Company, representing 69.88% of its issued share capital, for a total purchase consideration of RM8,388,000.00 (“SSA 1”).

(ii)           A share sale agreement with Dietmar Trumm (“DT”) and Valluvan A/L A. Peramuthu (“Paul”) (collectively, referred to as “Vendor 2”) for the acquisition of 2,100,000 ordinary shares and 400,000 ordinary shares in the Target Company, representing 25.30% and 4.82% of its issued share capital, respectively. The total purchase consideration for the acquisition of 2,500,000 ordinary shares is RM2,000,000.00 (“SSA 2”).

(collectively, referred to as “Proposed Acquisitions” and the Vendor 1 and Vendor 2, collectively, referred to as “the Vendors”).

Under the SSAs, Flexidynamic will acquire a total of 8,300,000 ordinary shares, representing 100% of the issued share capital of the Target Company, for a total aggregate purchase consideration of RM10,388,000.00. Upon completion of the Proposed Acquisitions, Formtech shall become the wholly-owned subsidiary of Flexidynamic.

Please refer to the attachment for further information.

This announcement is dated 19 June 2025.