| Type | Announcement |
| Subject | MEMORANDUM OF UNDERSTANDING |
| Description | Update on the status of Memorandum of Understanding ("MOU") between SkyWorld Development (Vietnam) Company Limited, SkyVenue Land Group Joint Stock Company and SkyBridge Company Limited |
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Reference is made to the Company’s announcements dated 30 August 2024 and 22 November 2024 (“Announcements”), respectively. Unless otherwise stated, defined terms used in this announcement shall have the same meanings as defined in the Announcements. The Board wishes to announce that as of the date of this announcement, the Parties have concluded a term sheet in setting out the principal terms and conditions for preparing the Definitive Agreements. In view that the MOU will be expiring soon, the Parties had mutually agreed to extend the MOU to 15 February 2025 to conclude the Definitive Agreements for the Proposed Transaction. Save as disclosed above, all other terms and conditions of the MOU shall remain unchanged. The Company will announce further developments in respect of the MOU in due course. This announcement is dated 30 December 2024. |
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| Company Name | SKYWORLD DEVELOPMENT BERHAD |
| Stock Name | SKYWLD |
| Date Announced | 30 Dec 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-30122024-00042 |