For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcements dated 23 October 2020, 25 January 2021, 23 April 2021, 23 July 2021, 22 October 2021, 21 January 2022, 21 April 2022, 21 July 2022, 25 October 2022, 19 January 2023, 20 April 2023, 20 July 2023, 23 October 2023, 19 January 2024 and 12 April 2024 in relation to the MOU, where applicable, unless stated otherwise or defined herein.)

Reference is made to the Company’s announcements made on 23 October 2020, 25 January 2021, 23 April 2021, 23 July 2021, 22 October 2021, 21 January 2022, 21 April 2022, 21 July 2022, 25 October 2022, 19 January 2023, 20 April 2023, 20 July 2023, 23 October 2023, 19 January 2024 and 12 April 2024, pertaining to the MOU between Vsolar and AT Glove, a wholly-owned subsidiary of AT Systematization Berhad to spearhead the Solar Photovoltaic Rooftop Project for its glove manufacturing plant located at No. 9, Jalan Chepor 11/17, Kawasan Perindustrian Seramik Chepor, 31200 Chemor, Perak.

The Board of Directors of Vsolar wishes to inform that both Parties agreed and acknowledged that there is no further material development of the Project. As such, the Parties have mutually agreed to terminate the MOU with immediate effect.

This announcement is dated 24 April 2024.