Reference is made to FBGSB’s announcements dated 9 November 2022, 10 November 2022 and 11 November 2022. Unless otherwise stated, defined terms used in this announcement shall have the same meanings as defined in the announcements dated 9 November 2022, 10 November 2022 and 11 November 2022.

Pursuant to Paragraph 10.05(2) of the Main Market Listing Requirements (“Main LR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of KAB wishes to announce that KABEH had on even date entered into a Sale and Purchase of shares Agreement (“SPA or “the Agreement”) with Future NRG Sdn. Bhd. (“FNSB”) for the purpose of acquisition of 380,000 ordinary shares in Future Biomass Gasification Sdn. Bhd. (“FBGSB”) for a total consideration of RM15,000,000/- (Ringgit Malaysia: Fifteen Million) only subject to the terms and conditions of the SPA.

Please refer to the attachment for further details of the announcement.

The announcement is dated 16 January 2023.