The Board of Directors of EP Manufacturing Bhd (“EPMB” or “the Company”) wishes to announce that EPMB has on 17 October 2022 entered into a Memorandum of Agreement (“MOA”) with SAEAN Group Inc. (“SGI”) or (“the Parties”) for the establishment of strategic alliance to mass-produce electric Vehicles (“EV”:  A segment and/or small SUV class, and construction equipment) to be supplied to the Malaysian and Southeast Asian Markets, and make mutual efforts to meet the eco-friendly demands of the market.

Please refer to the attachment for further details.

This announcement is dated 17 October 2022.