Pursuant to Paragraph 10.06 of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of Solid Automotive Berhad (“SAB” or “the Company”) wishes to announce that Part Center Sdn. Bhd. (“PC” or “the Purchaser”), a wholly- owned subsidiary of the Company, had on 30th September 2024, entered into a Sale and Purchase Agreement (“SPA”) with South East Asia Plastic Industries Sdn. Bhd. (“SEAPI” or “the Vendor”) for the purchase of all that piece of ninety nine (99) years leasehold land expiring on 5th September 2074 held under H.S.(M) 3775, PT 15, Mukim Batu, Tempat Jalan Perusahaan Empat, Batu Caves, Daerah Gombak, Negeri Selangor with an area measuring approximately 4,039.9423 square metres (43,487 square feet) together with a unit of Single Storey Factory and Two and Half (2 ½) Storey Office erected thereon and bearing postal address of No. 15, Jalan Perusahaan Empat, Perusahaan Batu Caves, 68100 Batu Caves, Selangor Darul Ehsan (referred to as “the Proposed Acquisition”) at a total purchase price of RM 18,905,000.00 (“Purchase Consideration”) (exclusive of stamp duties) and upon the terms and conditions therein contained.

For further details, please see attached.