The Board of Directors of Nextgreen wishes to announce that the Company had on 17 January 2022 entered into a Memorandum of Understanding ("MOU") between Malaysian Green Technology and Climate Change Corporation (formerly known as Malaysia Green Technology and Climate Change Centre) ("MGTC"), Koperasi Sahabat Amanah Ikhtiar Malaysia Berhad ("KOOP SAHABAT") and Koperasi Perkhidmatan Setia Berhad ("KOSETIA") to establish a continuous and effective cooperation in the field of potential collaboration and/or cooperation for the purpose of building, developing and commissioning of twenty (20) Oil Palm Waste Collection and Processing Centers ("the Centers") throughout Malaysia (referred to as "Project").

Nextgreen, MGTC, KOOP SAHABAT and KOSETIA are each referred to as the "Party" and collectively referred to as the "Parties".

Please refer to the attachment for details of the announcement.

This announcement is dated 17 January 2022.

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Nextgreen Global Bhd published this content on 17 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2022 03:11:02 UTC.