The board of directors of Allied Sustainability and Environmental Consultants Group Limited announced that on 20 September 2023, the Company entered into a non-legally binding memorandum of understanding with Standard Chartered Bank (Hong Kong) Limited, a licensed bank in Hong Kong ("SCBHK") to jointly promote sustainable finance in real estate and infrastructure sectors in Asia (including ASEAN countries, China, India, Japan, South Korea, and Middle East countries). According to the MOU, the Group will provide to Standard Chartered's clients with complimentary sustainability, climate change, carbon neutrality feasibility study and technical support services during these clients' application of sustainable finance or other sustainability-linked financing with the Standard Chartered. The clients will also enjoy privileged fee for the Group's consultancy services which will help the clients in complying with their reporting and monitoring obligations under the relevant sustainable financing.

Also, the Group and Standard Chartered will jointly conduct sustainable finance workshops to increase clients' awareness about sustainability and sustainable finance in different markets, including Malaysia, Singapore, Thailand and Vietnam where the Group and its affiliates have a presence in. Aligning with the growing momentum of environmentally responsible business practices, this collaboration aims to encourage innovative environmental solutions while promoting green building certifications, green infrastructure certifications, sustainability and climate change solutions, carbon neutrality, and Global Real Estate Sustainability Benchmark ("GRESB") for sustainable finance. Through this MOU, the parties also seek to promote and encourage the integration of numerous green building and ESG certifications and frameworks such as EDGE, BEAMPlus2.0, LEED, BREEAM, China Green Building Label, CRREM, GRESB, TCFD, SBTi and ISSB.