Further to the announcements dated 29 December 2020, 24 June 2022, 5 July 2022, 12 July 2022, 26 July 2022, 8 December 2022, 31 March 2023, 12 May 2023, 17 November 2023, 28 November 2023, 4 April 2024, 7 June 2024, 12 June 2024, 28 June 2024, 4 July 2024 and 12 July 2024 on the execution of the BOT Contract with the Ministry of Industry and Trade of the Socialist Republic of Vietnam (“MOIT”) and the Government Guarantee with the Government of the Socialist Republic of Vietnam for the investment and development of "Song Hau 2 Thermal Power Plant Project" in Vietnam ("the Project"), the Board of Directors of the Company wishes to inform that Song Hau 2 Power Company Limited (“SH2P”), a wholly-owned subsidiary of Toyo Ink Group Berhad, which in turn is a wholly-owned subsidiary of TVHB, has issued a Notice of Dispute ("Notice") to MOIT. Pursuant to the BOT Contract, the parties are required to engage in good faith discussions for a period of forty-five (45) days or such longer period as may be agreed in writing. We have nominated our representative to facilitate and follow up to schedule the discussions. If we fail to gain satisfactory outcome pursuant to the said Notice, we will then exercise all legal remedies available to us under the law.

The Company will provide updates on any material developments in due course.

This announcement is dated 6 January 2025.