The Board of Directors of TFP Solutions Berhad (“TFP” or “the Company”) wishes to announce that the Company had on 4 January 2021 entered into a Joint Venture cum Shareholders Agreement (“JVSA”) with Ace Capital Growth Sdn Bhd (“ACE”)(hereinafter referred to collectively as “Parties” and individually as “Party”) to formalise and set out the basic terms of their relationship with each other via their respective investment participation in the joint venture through a joint venture company (“NEWCO”) to be incorporated to carry out the business of the joint venture as disclosed below (“Proposed Joint Venture”).

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

This announcement is dated 4 January 2021.