In a meeting held on April 20, 2022 the Board of Directors of Liberty Flour Mills, Inc. approved the purchase of a parcel of land located in the Municipality of Lemery, Province of Batangas, with a total consolidated area of roughly 3.1 hectares, held by 8 different owners, for a total consideration of roughly PHP 260 Million, further authorizing and delegating to the President, Sandra Judy Uy, the power to sign the necessary documentation relating to the sale. Currently, the Company is drafting the transaction documents containing its proposed terms (such as conditions precedent, conditions to closing, and conditions subsequent) for the sale, which will be subject to the negotiation and revisions of the parties.