The authorised and issued and paid-up share capital of WII are set out below: Ordinary shares of RM1.00 each 9,000,000 9,000,000.

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1 WEIDA (M) BHD ("WEIDA" or the Company ) - PROPOSED ACQUISITION OF LAND LOCATED AT LOT 35, BLOCK 4 MUARA TEBAS LAND DISTRICT, KUCHING, SARAWAK COVERING AN AREA OF 40,140 SQUARE METRES BY WEIDA INTEGRATED INDUSTRIES SDN BHD, A WHOLLY- OWNED SUBSIDIARY OF WEIDA 1. INTRODUCTION The Board of Directors of Weida ( Board ) wishes to announce that Weida Integrated Industries Sdn Bhd ( WII ), a wholly-owned subsidiary of Weida, has on 17 August 2015 entered into a Sales and Purchase Agreement ( SPA ) with a related party, Premium Fortune Sdn Bhd ( PFSB ) to acquire a piece of land located at Lot 35, Block 4 Muara Tebas Land District, Kuching, Sarawak covering an area of 40,140 square metres ( Land ) for a total cash consideration of RM6,000, ( Proposed Acquisition ). 2. DETAILTS OF THE PROPOSED ACQUISITION 2.1 Information of WII WII (Company No U) is a private limited company and a whollyowned subsidiary of the Company. WII was incorporated in Malaysia on 4 March 1988 under the Companies Act, 1965 ( Act ) and has its registered office at Wisma Hock Peng, Ground Floor to 2 nd Floor, 123, Green Heights, Jalan Lapangan Terbang, Kuching, Sarawak. The principal activity of WII is manufacturing and sale of high density polyethylene products and waste tyre recycling. The authorised and issued and paid-up share capital of WII are set out below: Authorised share capital No. of shares RM Ordinary shares of RM1.00 each 9,000,000 9,000, Redeemable preference shares of RM1.00 each Issued and paid-up share capital 1,000,000 1,000, ,000, Ordinary shares of RM1.00 each 8,700,000 8,700, Redeemable preference shares of RM1.00 each 139, , ,839,

2 2.2 Information of PFSB PFSB (Company No V) is a private limited company incorporated in Malaysia on 15 December 1999 under the Act and has its registered office at Level 5, Westmoore House, Twin Tower Centre, Rock Road, Kuching, Sarawak. The principal activity of PFSB is investment holding. PFSB has an authorised share capital of RM100, comprising 100,000 ordinary shares of RM1.00 each, of which RM5, comprising 5,000 ordinary shares have been issued and fully paid-up. The directors and the shareholders of PFSB are as follows: Name Designation No. of ordinary shares of RM1.00 each held % Datin Liew Kee Moi Director Nil Nil Dato Lee Choon Chin Shareholder 4, Jee Hon Chong Director and Shareholder Details of the Land PFSB acquired the Land on 16 August 2000 and the original cost of investment was RM935, Since then WII is renting from PFSB for its manufacturing operations. The Land is situated adjacent to WII s factory. Pertinent information of the Land is summarised below: Title Details : Lot 35, Block 4 Muara Tebas Land District, Kuching, Sarawak Survey Plan No. : M Locality : Sungai Tapang Kuching Property Description : Vacant land located at Lot 35, Block 4 Muara Tebas Land District, Kuching, Sarawak Land area : 40,140 square metres Classification/ Category : Mixed Zone Land/Town Land Usage : Manufacturing operations Tenure : Leasehold, expiring 31 December 2037 Encumbrance : Nil 2

3 2.4 Basis of Arriving at and justification for the purchase consideration The purchase consideration of RM6,000, was arrived at on a willing buyer-willing seller basis after taking into consideration of the followings: (c) Market value of the Land in the vicinity areas. Strategic location of the Land which is situated adjacent to WII s factory. In addition, the Land also located adjacent to Demak Laut Industrial Estate Phase II which is planned by Sarawak State Government for industrial scheme development. The strategic location of the Land will provide convenience to WII to cater for its expansion needs. Further, there may be potential appreciation in value of the Land in future due to its strategic location. The Proposed Acquisition will result in an annual rental saving of approximately RM60, per annum to WII. 3. SALIENT TERMS OF THE SPA The salient terms of the SPA are as follows: 3.1 Terms of payment 10% of deposit amounting to RM600, to be paid by WII to the PFSB upon execution of the SPA; 90% of the balance purchase consideration amounting to RM5,400, ( Balance Sum ) shall be paid to the Solicitors within three (3) months from the date of the SPA. (c) The Solicitors shall release the Balance Sum to PFSB upon the issuance of Form L from the Department of Lands & Surveys and a Land Search conducted on the Land confirming that the Memorandum Transfer has been registered. 3.2 Other terms The Land shall be acquired by WII with vacant possession and free from all encumbrances including charges or any instruments agreements or matters of which by reason of their registration in any register or of which by any rule of law or equity or otherwise WII has or are deemed to have notice. Any other terms and conditions to be mutually agreed by the parties. 4. RATIONALE AND PROSPECT FOR THE PROPOSED ACQUISITION The Board is of the view that the Proposed Acquisition provides an opportunity for WII to own the Land and continue to use it for its manufacturing operations as compared to a rental arrangement which is subject to a periodic renewal of tenancy and the cost of relocating. Moreover, as the Land is located adjacent to WII s factory, by acquiring the Land, WII will have better control in terms of planning for future development and expansion. WII may also benefit from the potential capital appreciation in value of the Land in future due to its strategic location. 3

4 5. EFFECTS OF THE PROPOSED ACQUISITION The Proposed Acquisition is not expected to have any material impact on the earnings per share, net assets per share, gearing, share capital and substantial shareholders shareholding of Weida Group for the financial year ending 31 March SOURCE OF FUNDING WII intends to fund the Proposed Acquisition through internally generated funds. 7. RISK FACTORS The Board is not aware of any specific risk or risk factors arising from the Proposed Acquisition other than the normal and market risks associated with transaction of similar nature such as fluctuation in the market value of the properties and natural disaster risks, if any. In the event there is any substantial drop in the market value of the Land, WII may suffer losses on disposal if WII subsequently decides to dispose the Land. Since WII intends to hold the Land for long term, impact from the said risk is expected to be minimal. 8. PARTICULARS OF ALL LIABILITIES, INCLUDING CONTINGENT LIABILITIES AND GUARANTEES TO BE ASSUMED BY WII AND WEIDA, ARISING FROM THE PROPOSED ACQUISITION There is no liability, including contingent liability and guarantee to be assumed by WII and Weida, arising from the Proposed Acquisition. 9. APPROVAL REQUIRED The Proposed Acquisition is not subject to the approval of the shareholders of Weida and any relevant government authorities. 10. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED WITH THEM Save as disclosed below, none of the Directors and major shareholders of Weida and/or persons connected with them have any interests, whether direct or indirect in the Proposed Acquisition: (c) Dato Lee Choon Chin is interested in the Proposed Acquisition as he is the Group Executive Chairman and a major shareholder [5.57% (direct interest) and 20.92% (indirect interest)] of the Company, and also a substantial shareholder (90%) of PFSB. Datin Liew Kee Moi is interested in the Proposed Acquisition as she is the spouse of Dato Lee Choon and a major shareholder [20.92% (indirect interest)] of the Company, and also a director of PFSB. Mr Jee Hon Chong is interested in the Proposed Acquisition as he is the Executive Director and a shareholder (1.39%) of the Company, and also a substantial shareholder (10%) of PFSB. 4

5 11. PERCENTAGE RATIO OF THE PROPOSED ACQUISITION The highest percentage ratio applicable to the Proposed Acquisition pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements is 1.58%. 12. AUDIT COMMITTEE S STATEMENT The Audit Committee, having taken into consideration all aspects of the Proposed Acquisition, was of the view that the Proposed Acquisition is in the best interests of Weida, fair, reasonable and on normal commercial terms and not detrimental to the interest of the minority shareholders. 13. DIRECTORS STATEMENT The Board of Directors, saved for Dato Lee Choon Chin and Mr Jee Hon Chong who are interested in the Proposed Acquisition, having considered all aspects of the Proposed Acquisition, was of the opinion that the Proposed Acquisition is in the best interests of Weida and not detrimental to the interest of the minority shareholders. The above interested Directors have abstained from deliberation and decision making on the Proposed Acquisition. 14. ESTIMATED TIMEFRAME FOR COMPLETION Barring any unforeseen circumstances, the Proposed Acquisition is expected to be completed within three (3) months from the date of the SPA. 15. TOTAL AMOUNT TRANSACTED WITH PFSB FOR THE PRECEDING 12 MONTHS. There is no other transaction entered into between PFSB with Weida Group for the preceding twelve (12) months. 16. THE DATE IN WHICH THE TERMS OF PROPOSED ACQUSITION WAS AGREED UPON The terms of the Proposed Acquisition were agreed upon on even date with the execution of the SPA by WII and PFSB. 17. DOCUMENTS AVAILABLE FOR INSPECTION A copy of the SPA is made available for inspection at the registered office of Weida at Wisma Hock Peng, Ground Floor to 2nd Floor, 123, Green Heights, Jalan Lapangan Terbang, Kuching, Sarawak, during normal business hours for three (3) months from the date of this announcement. This announcement is dated 17 August