On 4 September 2025, the Company announced that a consortium comprising Abu Dhabi Future Energy Company PJSC (“Masdar”), Citaglobal Renewable Energy Sdn Bhd (“CGRE”) (a wholly-owned subsidiary of the Company) and TIZA Global Sdn Bhd (“TIZA Global”) (collectively, the “Consortium”) had accepted a letter of notification dated 2 September 2025 from the Energy Commission to the Consortium notifying that the Consortium had been selected as a shortlisted bidder for the development of a 200MW large scale solar photovoltaic plant in Cherah Dam, Kuantan, Pahang (“Project”).

Further to the acceptance of the Letter of Notification, Chereh Solar Sdn Bhd (“CSSB”) had been incorporated on 9 October 2025 to serve as the special purpose vehicle (“SPV”) of the Consortium to undertake the Project.

The Board of Directors of Citaglobal (“Board”) wishes to announce that CSSB had recently entered into a power purchase agreement (“PPA”) dated 17 December 2025 with Tenaga Nasional Berhad (“TNB”) in relation to the sale of electricity generated by the Project. 

Details of the announcement are set out in the attachment below.

This announcement is dated 23 December 2025.