The Board of Directors of EPMB wishes to announce that the Company’s indirect wholly-owned subsidiary, EP Blueshark Sdn Bhd (”EPB”) had on 17 January 2023 entered into a Memorandum of Understanding (“MoU”) with Tenaga Switchgear Sdn Bhd (“TSG”) [Registration No. 199401035643 (321326-M)] to set out the initial intention and principles in relation to the cooperation in the respect of a collaborative project on a joint venture basis or any other method to be mutually agreed which involves the following business activities (“Collaborative Project"):-

a.       to explore the possibilities of localising the Battery and Battery Swapping Station for ASEAN market; 

b.       to explore the possibilities of unifying the Battery Swapping Station and Infrastructure networks in whole Malaysia and ASEAN Countries; and

c.       to explore the possibilities of deploying Battery Swapping Station via TSG network in Malaysia and ASEAN market.

Please refer to the attachment for further information. 

This announcement is dated 17 January 2023.