Pursuant to Rule 10.09(1)(a) of the ACE Market Listing Requirements ("AMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of Leform wishes to announce that Leform and the following subsidiaries of the Company (as disclosed below), had in the ordinary course of business entered into Recurrent Related Party Transactions (“RRPTs”) with Leform Marketing Sdn Bhd (“LMSB”). LMSB is an 80%-owned subsidiary of the Company and the remaining 20% interest in LMSB is owned by Mr Chai Chang Wai, a person connected to Mr Law Kok Thye, the Managing Director and major shareholder of the Company.

The subsidiaries of the Company involved in the RRPTs are as follows:

1.           LF Engineering Sdn Bhd – 60%-owned subsidiary of Leform

2.           LF Metal Sdn Bhd – wholly-owned subsidiary of Leform

3.           Leform Steel Service Centre Sdn Bhd - wholly-owned subsidiary of Leform

4.           Leform Steel Pipes Sdn Bhd - wholly-owned subsidiary of Leform

The total consideration for the RRPTs between Leform and the abovementioned subsidiaries with LMSB of which by way of aggregation from the period from 30 November 2022 to 16 January 2023, has exceeded the percentage ratio of 1% as prescribed under the AMLR.

Kindly refer to the attachment for further details.

This announcement is dated 10 February 2023.