Further to the expiry of Memorandum of Understanding between the Company, IHI Corporation and Nomura Holdings, Inc., which was announced to Bursa Malaysia Securities Berhad on 23 February 2021, the Board of Directors of NGGB (“Board”) wishes to announce that the Company, had on 22 February 2021 entered into a Cooperation Agreement (“Cooperation Agreement”) with IHI Corporation (“IHI”) (hereinafter referred as “the Parties”), to cooperate in the development of a business structure.

Please refer to the attachment for further information.

This announcement is dated 23 February 2021.