• Executed binding agreement to acquire 100% of VIAS Hong Ngoc Bao Joint Stock Company
• Acquisition of land parcel over 2,000 sqm in Ho Chi Minh City, Vietnam
• Intended development of 20,160 sqm commercial office building as investment property

United Overseas Australia Ltd (ASX: UOS) has announced that its wholly owned subsidiary UOA Vietnam Pte Ltd has executed a binding agreement to acquire 100% of the shares in VIAS Hong Ngoc Bao Joint Stock Company, a company in Vietnam, for VND1,775,000,000,000 (approximately US$68,270,000, AU$104,720,000). The acquisition is subject to due diligence and other conditions precedent. The Target Company will have unencumbered title to a parcel of land in District 1 in Ho Chi Minh City consisting of more than 2,000 sqm. The Company is conducting relevant due diligence to confirm the title and permitted use of the land will meet its requirements to develop a commercial office building to be held as an investment property. The intended development is expected to have a gross floor area of 20,160 sqm, which will further expand the Group's investment in Vietnam. Provided that all conditions precedent are met (unless waived) and the Company is satisfied with the results of the due diligence, it is anticipated a Share Purchase Agreement will be executed shortly, and the transaction to be completed no later than 31 December 2025.