With reference to the announcement made by MHB on 15 June 2020 in relation to the Joint Venture Agreement dated 15 November 2019 ("JVA") entered into between Mainiza Teknitek Recowaste Sdn Bhd (“MTR”) and Majuperak Utilities Management Sdn Bhd (“MUM”), the Board of Directors of MHB wishes to announce that MUM, a wholly owned subsidiary of MHB via Majuperak Development Bhd., had on 24 November 2020 entered into a Deed of Termination with MTR, whereby both MUM and MTR have mutually agreed to terminate the JVA. 

This announcement is dated 27 November 2020.