The Board of Directors of Hua-An wishes to announce that Hua-An had on 23 April 2020 entered into a Share Purchase Agreement with Abdullah Abbas bin Wan Mohd Hasni and Mohd Afdha bin Md Yusof for the proposed acquisition of 1,000,000 ordinary shares in MD Labs Sdn Bhd (“MD Labs”), representing the entire equity interest in MD Labs, for a total purchase consideration of RM12.5 million.

Please refer to the attachment for details of the announcement.

This announcement is dated 23 April 2020.