FE CONSORT INTL(00035) intends to sell the commercial development project at Plaza Damas for approximately 55 million Malaysian Ringgit.

FE CONSORT INTL (00035) announces that on December 22, 2025, the seller Target Term Sdn. Bhd. (an indirect wholly-owned subsidiary of the Company) entered into a sale and purchase agreement with the buyer Surplus Pact (MM2H) Sdn. Bhd. The seller conditionally agrees to sell and the buyer conditionally agrees to purchase the assets for a total consideration of RM 55 million (approximately HK$105 million), subject to the terms and conditions of the sale and purchase agreement. As of the date of this announcement, the assets are fully owned by the seller. The assets consist of a commercial development project called Plaza Damas, located in Mukim Kuala Lumpur, Daerah Kuala Lumpur, Negeri Wilayah Persekutuan Kuala Lumpur, Malaysia, including 1099 parking spaces in Plaza Damas Phase 1 B1 and B2; 589 parking spaces in Plaza Damas Phase 2 P1A to P3A; residential unit B-21-03 on the 21st floor of the Waldorf and Windsor Tower Service Apartments of Plaza Damas with an area of approximately 112 square meters, and 414 parking spaces on the underground, 1st to 5th floors; as well as shop No. 48 on the 3rd floor of Dorchester of Plaza Damas with an area of approximately 20 square meters, and 62 parking spaces. The directors believe that the transaction will enable the group to realize the value of the assets, achieve the proceeds from the transaction and invest the capital in a more circular manner, increase the group's liquidity and reduce the group's net asset-to-liability ratio. The directors believe that the transaction is in line with the group's strategy of selling non-core assets.