Further to the Company’s announcement on 20 June 2022 relating to a Memorandum of Understanding to form a Joint Venture (“MOU”) entered between Theta Edge Berhad (“TEB”) and IRIS Corporation Berhad (“IRIS”), the Board of Directors of TEB is pleased to announce that TEB had on 16 August 2022 entered into a definitive Joint Venture and Shareholders’ Agreement (“JVSA”) with IRIS to formalise the joint venture arrangement between the parties (“Joint Venture”).

Pursuant to the JVSA, parties will incorporate a joint venture company (“JVCo”) and draw upon their skills, expertise, experience and capabilities to identify and procure future project(s) for the JVCo.

Please refer to the attachment for further details.

This announcement is dated 16 August 2022.