Sedania Technologies Sdn. Bhd. ("STSB") has on 3 June 2021 executed and accepted a Letter of Instruction from Telekom Malaysia Berhad ("TMB") in respect of the contract for the proposed energy saving initiatives for TMB through shared saving concept ("Contract"). The Letter of Instruction is pursuant to the Company's announcement on 2 March 2020 in relation to the Novation Agreement dated 2 March 2020 entered into between STSB with TMB and Matrix Energy (M) Sdn. Bhd., in completing the obligations under the said Contract. STSB is currently engaged to design, install and commission the Energy Saving Devices ("ESD") and provide other solutions designed to reduce TMB's energy consumption at TMB's sites/facilities, including maintenance and repair of all the ESDs installed throughout the contract period. All the other terms and conditions under the Energy Saving Agreement and Novation Agreement as announced previously remain unchanged and extended to the Letter of Instruction. TMB further granted STSB to execute the provision of works under the said Contract for up to twenty four sites nationwide by year 2021; and STSB is required to submit project schedule and conduct pre energy assessment for Baseline Reading determination as well as other activities for project completion within a stipulated timeline for each sites as follows: Energy Audit and Baseline measurement for 4 weeks; Energy Saving Device ordering and installation for 12 weeks; Performance monitoring for 12 weeks. The confirmed number of sites to be undertaken by STSB is subject to the Energy Audit and Baseline measurement works carried out. The Letter of Instruction does not contain/state any value other than location, building type and monthly electricity consumption in kilowatt hour for the additional sites offered. The previous ten sites generated a project revenue of approximately MYR 24 million. The new revenue based on the 24 sites would vary depending on conditions and size of the sites. The contract period for each of the TMB sites where the ESD is installed under the Contract shall be of ten years starting from the month TMB issuing STSB with Certificate of Acceptance for Testing and Commissioning ("commencement date"). No agreement has been reached over extension of contract at this current time.