The Board of Directors of Nextgreen wishes to announce that Nextgreen Pulp & Paper Sdn Bhd (“NPPSB” or “Customer”), a wholly-owned subsidiary of Nextgreen had on 14 November 2022 entered into two (2) Solar Power Purchase Agreements (“SPPAs” or “the Agreements”) with KAB Core Connect O&M Services Sdn Bhd (“KABCC” or “SPS Owner”) for the purpose of designing, constructing, installing, owning, operating and maintaining a solar photovoltaic energy generating system on the identified site located at the premises rightfully owned or lawfully occupied by NPPSB erected or located on the piece of land held under Pajakan Negeri 29655 Lot 16696 Mukim Lepar, Daerah Pekan, Negeri Pahang, with an estimated system DC capacity of 2,507 kWp (Phase 1) and 880 kWp (Phase 2) respectively, to generate and supply solar photovoltaic (“PV”) energy to NPPSB.

Please refer to the attachment for the details of the announcement.

This announcement is dated 15 November 2022.