The board of directors of VPower Group International Holdings Limited announced that the group was issued a Letter of Acceptance by Electric Power Generation Enterprise (EPGE), Ministry of Electricity and Energy of the Government of the Republic of the Union of Myanmar (Myanmar) which sets out the mutual understandings on key terms for the definitive agreement in respect of the purchase of electricity (90MW) in Myingyan Region, Myanmar by EPGE with a term of 60 months (subject to extension by agreement) (the project) on 7 May 2018. The project was awarded to the group through a public tender in March 2018. The group expects to build and operate a gas-fired power plant with an expected commercial operation date in February 2019.