We refer to the announcements made on 30 August 2021, 15 September 2021 and 18 October 2021 in relation to the Memorandum of Understanding (“MOU”) between its 75% indirect owned subsidiary, Jejak Semangat Sdn. Bhd. (“JS”) with Landasan Salam Sdn. Bhd. (“LSSB”) Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

The Board of Directors of TFP wishes to announce that the MOU between JS and LSSB has lapsed as at 14 November 2021 (“Termination”) due to the parties concurrently not to proceed for further extension. No definitive agreement has been entered by JS and LSSB pursuant to the MOU.

This announcement is dated 17 November 2021.