Reference is made to the Company’s announcement made on 15 July 2021 in relation to the Letter of Award (“LOA”) Awarded by Energy ES Sdn. Bhd. (“Energy ES”) to Atlantic Blue Sdn. Bhd. (“ABSB”), a Wholly-Owned Subsidiary of the Company.

Further to the acceptance of LOA awarded by Energy ES to ABSB on 15 July 2021, the Board of Directors of Solarvest is pleased to announce that ABSB had on 23 December 2021 entered into an engineering, procurement, construction and commissioning (“EPCC”) contract with Energy ES in relation to the appointment of ABSB as the EPCC Contractor for the development of a solar photovoltaic energy generating facility with a capacity of 20.76 WMac on lands located at Lot 219 (446), Lot 228, Lot 1074 and Lot 1568, Mukim Junjong, Pekan Junjong, Daerah Kulim, Kedah for connection to Tenaga Nasional Berhad's medium voltage Distribution Network at 33kV PMU Simpang Ampat East.

Further details of the above are set out in the attachment.

This announcement is dated 23 December 2021.