Pursuant to Rule 8.25(1)(iii) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce the financial assistance provided in the form of advances and corporate guarantees to its subsidiary companies as of 30 September 2024, as follows:-

(a) the Company provided a total advance of RM1,522,851.00 to Nestcon Sustainable Solutions Sdn. Bhd., a 51%-owned subsidiary of the Company.
(b) the Company provided a total advance of RM4,355,000.00 to Nestcon Solar Sdn. Bhd., a wholly-owned subsidiary of Nestcon Sustainable Solutions Sdn. Bhd.
(c) the Company provided a corporate guarantee in favour of Hong Leong Bank Berhad for the banking facilities of RM12,000,000.00 granted to Nestcon Solar Sdn. Bhd.
(d) the Company provided a corporate guarantee in favour of Bank of China (Malaysia) Berhad for the banking facilities of RM10,000,000.00 granted to Nestcon Solar Sdn. Bhd.
(e) the Company provided a corporate guarantee in favour of OCBC Bank (Malaysia) Berhad for the banking facilities of RM5,000,000.00 granted to Nestcon Solar Sdn. Bhd.
(f) the Company provided a corporate guarantee in favour of OCBC Bank (Malaysia) Berhad for the term loan of RM20,000,000.00 granted to Nestcon Sustainable Solutions Sdn. Bhd.
(g) the Company provided a corporate guarantee in favour of Pac Lease Berhad for the hire purchase of RM3,348,066.08 granted to N2 Solar Sdn. Bhd. (Collectively, referred to as "the Financial Assistance").

The Financial Assistance provided was to facilitate the operations and financial affairs of Nestcon Sustainable Solutions Sdn. Bhd., Nestcon Solar Sdn. Bhd. and N2 Solar Sdn. Bhd..

The Financial Assistance provided does not have any material effect on the earnings per share, net assets per share, and gearing of the Company and its subsidiaries.

This announcement is dated 28 November 2024.