The board of directors of CN Asia Corporation Bhd announced that the company had on 16 June 2023 entered into a central processing complex (CPC) agreement (CPC Agreement) with Markmore Energy (Labuan) Limited (MELL) and CaspiOil Gas LLP (COG) for the following: (a) the establishment of the proposed CPC Plant and First Pipeline (as defined herein) at the Rakushechnoye Oil and Gas Field in the Republic of Kazakhstan (Kazakhstan) to process the natural gas to produce liquefied petroleum gas (LPG) and condensate; and (b) the processing and production of natural gas extracted from the Rakushechnoye Oil and Gas Field in Kazakhstan.