Further to the announcement made on 10 October 2019, the Board of Directors of the Company wishes to announce that the Company, IHI Corporation and Nomura Holdings, Inc. (“Parties”) are still in the midst of carrying out the feasibility study on the development of a 30-megawatt Biomass Power Plant, Alkaline Recovery Plant and wastewater treatment plant for the Company’s Green Technology Park Pahang as well as the projects in Negeri Sembilan and Sarawak and also discussion on the collaboration structure including but not limited to establishment of a joint venture arrangement and terms of the definitive agreement. The Memorandum of Understanding has been extended for another one (1) year.

This announcement is dated 10 January 2020.