Further to the Proposed Diversification as approved by the shareholders of the Company at the Extraordinary General Meeting held on 31 May 2023 and pursuant to Paragraph 10.05 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of the Company wishes to announce that Leader GUH Renewable Energy Co., Ltd., an indirect 40%-owned associate of GUH together with its joint venture partner, namely Leader Energy Holding Berhad holding 60% of equity interest, through the collaborations of undertaking the development of a large-scale floating solar photovoltaic project in Taiwan, which is in the midst of obtaining approval from local authorities, had on 17 July 2023 entered into a Share Purchase Agreement for the proposed disposal of its entire 60% equity interest in Yabisi Solar Power Co., Ltd. for a total cash consideration of NTD21,208,718 (equivalent to RM3,111,425) (“Proposed Disposal”). Upon completion of the Proposed Disposal, Yabisi will cease to be the indirect 24%-owned associate of GUH.

Please refer to the attachment for more details.

This announcement is dated 17 July 2023.