News

We refer to the Company's announcement dated 28 February 2024 in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:

1) To state the salient terms of the Share Purchase Agreement.

2) The name or location of the project on generation facilities that produce electric energy undertaken by KABEH.

3) The total financial commitment required for the construction of the mini hydropower plant ("Plant") together with its breakdown and the source of funds.

4) With regard to the construction of the Plant, to incorporate the following information:

a) authorities' approval required, and their status;

b) the commencement and completion date of the Plant;

c) stage or percentage of completion; and

d) the expected commencement date of operation of the Plant.

5) Detailed breakdown and the bases and assumptions used in arriving at the purchase consideration. To also state whether the amount is supported by an independent valuer's valuation. Where applicable, please provide a reasonable explanation for no independent valuation was undertaken.

6) The audited net profit/losses of TTSB for the financial period ended 31 May 2023.

7) The prospect of TTSB in view of its net liabilities of RM53,573 as at 31 May 2023.

8) The particulars of all liabilities, including contingent liabilities and guarantees to be assumed by KABEH, arising from the Proposed Acquisition.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully,

Listing Division

Regulation
zo

Cc : Market Surveillance Dept. , Securities Commission (via fax)