Nextgreen wishes to announce that the Company had on 9 June 2022 entered into a Memorandum of Understanding with National Farmers Organization to establish a strategic cooperation for the production of organic fertilizers, animal feed and investment. One working committee shall be established to implement the decision agreed by both Parties. NGGB and NAFAS shall be represented by at least one person to be appointed to the working committee. The appointed Working Committee has the discretion to hold meetings or deliberations and meetings as needed to discuss the purpose of the MOU. Any decision and/or resolution decided by the Working Committee shall be
executed by both Parties. Each Party subject to the laws, regulations and national policies in force from time to time, will endeavour to take the necessary steps to promote cooperation related to Organic Fertilizers, Animal Food and Investments. The MOU shall be effective for one year from the date of the execution of the MOU. Each Party may extend based on the discussion and written consent of both Parties.