The Board of Directors of Pekat Group Berhad announced that Pekat Teknologi Sdn Bhd ("PTSB") had been selected by the Energy Commission as an authorised Solar Power Producer under the Corporate Green Power Programme ("CGPP"), and that Pekat Solar Tronoh Sdn Bhd ("PSTSB"), a wholly-owned subsidiary of PTSB, which in turn is a wholly-owned subsidiary of Pekat, had on 6 November 2023, entered into five (5) Corporate Green Power Agreements (the "Agreements") with the following parties: CTRM Aero Composites Sdn Bhd; HICOM Automotive Manufacturers (Malaysia) Sdn Bhd; HICOM Diecastings Sdn Bhd; Motosikal dan Enjin Nasional Sdn Bhd; and PHN Industry Sdn Bhd. PSTSB is a special purpose vehicle incorporated to undertake the position of Solar Power Producer under the CGPP. PSTSB has replaced PTSB as the CGPP participant, provided that PSTSB is and will remain a wholly-owned subsidiary of PTSB.

Contract Value: PSTSB shall be paid monthly for the generation and delivery of the solar energy. Therefore, the actual contract value is not ascertainable at the time of this announcement as the payments to be received by PSTSB will be subject to the solar energy to be generated and delivered by PSTSB. Contract Tenure: The Agreements shall be for a period of approximately 21 years, commencing from the commercial operation date on which the solar plant is able to generate, deliver and sell the solar energy to the grid system, unless otherwise earlier terminated in accordance with the provisions of this Agreement.