The Board of Directors of TEB is pleased to announce that TEB had on 5 September 2023 entered into a Joint Venture and Shareholders' Agreement ("JVSA") with Nova MSC Berhad ("NOVA") (collectively referred to as the "Parties")  to regulate the rights and relationship of TEB and NOVA inter se as shareholders of the joint venture company (JVCo) upon its incorporation, to regulate the rights and obligations of TEB and NOVA in respect of the JVCo, upon its incorporation and to bind each other to their obligations upon the terms and conditions stipulated in the JVSA.

Please refer to the attachment for further details.

This announcement is dated 5 September 2023.