The board of directors of Global Palm Resources Holdings Limited refers to the announcement made by the Company on 2 September 2021 in relation the purchase of an office unit at Level 38, Units D, E and F of Treasury Tower located in the Sudirman Central Business District at Lot 28, Jl. Jend. Sudirman Kav. 52-54, by PT Prakarsa Tani Sejati ("PT Prakarsa"), a 95%-owned subsidiary of the Company. The Board announced that PT Prakarsa has on 1 October 2021 completed the Purchase of the Property.