Unless otherwise defined, the definitions set out in the announcement dated 13 August 2020 shall apply herein.

On behalf of the Board of Directors of the Company, M&A Securities Sdn Bhd wishes to announce that Bursa Securities had via its letter dated 3 September 2020 approved the listing of and quotation for such number of new Solarvest Shares to be issued pursuant to the exercise of ESOS Options under the Proposed ESOS, subject to the following:

(1) M&A Securities is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to Rule 6.44(1) of the Listing Requirements and stating the effective date of implementation;

(2) M&A Securities is required to submit a certified true copy of the resolution passed by the shareholders in general meeting approving the Proposed ESOS; and

(3) Solarvest is required to furnish Bursa Securities on a quarterly basis a summary of the total number of shares listed pursuant to the Proposed ESOS, as at the end of each quarter together with a detailed computation of listing fees payable.

Solarvest is required to ensure full compliance of all the requirements provided under the Listing Requirements at all times.

In relation to the circular to the shareholders on the Proposed ESOS, Solarvest is required to incorporate the comments made on the circular to shareholders provided by Bursa Securities.

This announcement is dated 3 September 2020.