Disposal of HJ LAI Concrete Cement Sdn Bhd and Assets

The Board of Directors of Regal International Group Ltd. (the “Company”, and together with its subsidiaries, the “Group”) wishes to announce that its indirect wholly owned subsidiary under the Group, Regal Lands Sdn Bhd (“RLSB”), has on 25 August 2021 entered into an Agreement for Sale of Shares (“Shares Sale Agreement”) with Lai Nyit Khiong (“Purchaser“ or “LNK”) for the disposal of Regal Lands’ 51% shareholding in HJ LAI Concrete Cement Sdn Bhd (“HJ Lai Concrete”) to the Purchaser (“Disposal of HJ Lai” or “Sale Shares”).

Further to the Disposal of HJ Lai, Kenyalang Avenue Sdn Bhd (“KASB”) and Sang Kanchil Rising Sdn Bhd (“SKRSB”), another two indirect wholly-owned subsidiaries of RIGL, have also on 25 August 2021 respectively entered into the Sale and Purchase (Assets) Agreements (“Assets S&P”) with LNK, whereby LNK will purchase the vehicles and/or machineries (“Assets”) as stated in the Assets S&P (“Disposal of Assets”).

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