WE DESIGN LOGISTICS

The Board of Directors of the Company is pleased to announce that Century Total Logistics Sdn. Bhd., a wholly-owned subsidiary of the Company, had on 17 April 2015 accepted the offer to dispose a commercial land measuring 6,070.3 square metres, held under title no. HS(D) 293019, Lot PT 32307, Mukim Of Bukit Raja, District of Petaling, State of Selangor, to Top Glove Properties Sdn Bhd, a subsidiary of Top Glove Corporation Berhad for a cash consideration of RM20,255,450.00 ("Proposed Disposal").

The disposal consideration of RM20,255,450.00 was arrived at based on negotiations between the parties and after taking into consideration the prevailing market value of the land. After deduction of ancillary costs and real property gains tax, the Company is expected to realise a gain on disposal of approximately RM9.2 million.

The Sale and Purchase Agreement (“SPA”) for the Proposed Disposal is expected to be signed within 21 days from 17 April 2015, i.e. the date of acceptance of the offer, and a full announcement will be released upon signing of the SPA .

Based on the latest audited financial statements of the Company as at 31 December 2014, the highest percentage ratio arising from the Proposed Disposal is 7.5%.

The Board of Directors, having considered all aspects of the Proposed Disposal, is of the view that the Proposed Disposal is in the best interest of the Company and that the Proposed Disposal is fair and reasonable, and is not detrimental to the interest of the minority shareholders.

None of the Directors, Major Shareholders or persons connected with them have any interest, direct or indirect, in the Proposed Disposal.

This announcement is dated 20 April 2015.