The Board of Directors of HHH (“Board”) is pleased to announce that Hiap Huat Chemicals Sdn Bhd (“HHC” or “the Vendor”), a wholly-owned subsidiary of the Company has on 22 December 2014 entered into a Sale and Purchase Agreement (“SPA”) with Everise Frozen Foods Sdn Bhd (“the Purchaser”) for the disposal of one (1) unit of factory bearing postal address No. 46, Jalan E 1/2, Taman Ehsan Industrial Park, 52100 Kepong, Selangor measuring approximately 4,618.673 square metres in area and held under leasehold individual title H.S.(M) 22259, PT 8440, Batu 8 Jalan Kepong, Bandar Kepong, District of Gombak, State of Selangor (“the Property”) for a total cash consideration of RM11,760,000.00 (“Sale Consideration”) (“Proposed Disposal”).

The details of the Proposed Disposal are set out in the attachment herein.

This announcement is dated 22 December 2014.