Further to the announcement made by the Company on 28 August 2024, the Board of Directors of SkyWorld Development wishes to announce that Aspirasi Cekap Sdn Bhd, a wholly-owned subsidiary of the Company, had on 9 October 2024, entered into a Joint Development Agreement with PR1MA Corporation Malaysia to undertake the proposed development and construction of quality affordable homes together with all the amenities and infrastructure on a leasehold land measuring approximately 1.97 acres located at Brickfields at Lot 20005 Seksyen 95 (PT28), Daerah Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur for a total consideration of RM32,170,000.00 (collectively referred to as the "Proposed Development").

Please refer to the attachments for further details of the Proposed Development and the press release.

This announcement is dated 9 October 2024.

Please refer attachment below.