The Board of Directors of OVH (“the Board”) wishes to announce that the Company had on 19 March 2021 entered into a Memorandum of Understanding (“MOU”) with ADL Solar Sdn. Bhd. [Registration Number: 201301005459(1035302-K)] (“ADL”) for the purpose of forming a strategic partnership for mutual benefit and commercial consideration, by exploring and identifying opportunities related to the renewable energy business and to engage in discussion for the purposes of jointly preparing and submitting proposals/tenders to identify, mutually agreed project(s) (“Project(s)”) based on the understanding and commitments to the collaborative effort as contained in the MOU.

Further details of the above are set out in the attachment.

This announcement is dated 19 March 2021.