The Board of Directors of Pecca wishes to announce that Pecca Leather Sdn Bhd, a wholly-owned subsidiary of Pecca had on 12 March 2025 entered into a Sale and Purchase Agreement (“SPA”) with Saraya Glove Industries Sdn Bhd [Registration No. 202101001364 (1401662-W)] for the acquisition of a piece of leasehold vacant industrial land free from all and any encumbrances measuring an area of approximately 25349.51 Square Metres and bearing a postal address at PT 18117 Seksyen 20, Bandar Serendah, Rawang, 48000 Rawang, Selangor Darul Ehsan at the purchase consideration of Ringgit Malaysia Seventeen Million Four Hundred Thirty Thousand Four Hundred Twenty-Four and Sen Fifty Six (RM17,430,424.56) only in accordance with all the terms and conditions stipulated in the SPA.

Please refer to the attachment, for further information.

This announcement is dated 12 March 2025.