The Board of Directors of SYF ResourcesBerhad (“SYF” or the “Company”) is pleased to announce that the ordinary resolutionas set out in the Notice of the Extraordinary General Meeting ("EGM")of the Company dated 29 June2020 wasduly passed by the shareholders of the Companyat the EGM held today, 14 July 2020.

The resolution was voted by poll via Remote Participation and Voting facilities and the results werevalidated by Asia SecuritiesSdn. Bhd., the independent Scrutineer appointed by the Company.

This announcement is dated 14 July2020.

PROPOSED SUBSCRIPTION BY SYF DEVELOPMENT SDN BHD ("SYFD"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF SYF RESOURCES BERHAD, OF 12,000,000 NEW ORDINARY SHARES IN DARUL MAJUMAS SDN BHD ("DARUL MAJUMAS"), REPRESENTING 75% OF THE ENLARGED ISSUED SHARE CAPITAL IN DARUL MAJUMAS FOR A CASH CONSIDERATION OF RM1,500,000 ("PROPOSED SUBSCRIPTION")