BTS Group Holdings Public Company Limited announced that on March 21, 2022, the Company has entered into a Heads of Agreement with Sinar Bina Infra Sdn. Bhd., Ancom Berhad, Nylex (Malaysia) Berhad, and LBS Bina Group Berhad in order to conduct a feasibility study for joint investment in the light rail transport system connected with the railway shuttle link currently being built from Singapore to Johor Bahru, Malaysia (RTS Link), with an integrated property development using the transit-oriented development concept in Johor Bahru, Malaysia. After the conclusion of the feasibility study or investment consideration, the Company will proceed in accordance with the related rules and regulations accordingly.