TThe Board of Directors of TTB wishes to announce that on 23 September 2020, its indirect wholly-owned subsidiary, Envy Vista Sdn Bhd (Company No. : 200401012395 [650898-H]) (“EVSB”) had entered into a Shareholders Agreement (“SA”) with Smart Hybrid Resources Sdn Bhd (Company No.: 201501042303 [1167624-U]) (“SHRSB”) and the award winning, Skyscraper Airhydro Industries Sdn Bhd (Company No.: 201401038732 [1114880-A]) to formalise and regulate their relationship with each other as shareholders in the joint venture through equity participation in a private company limited by shares and incorporated in Malaysia under the name of Seaview Plantations Sdn Bhd (Company No. : 197301001398 [14958-V]) (“JV Co”), a wholly-owned subsidiary of TTB to  carry out the business of developing large scale sustainable modern commercial melon farming or any crop on the Land to produce premium quality safe food and to market the products to both the local and international markets (“Proposed Joint Venture”).

Please refer to the attachments for details of the announcement.

This announcement is dated 23 September 2020.