M&A Securities Sdn Bhd, on behalf of the Board of Directors of RLEB (“Board”) wishes to announce that the Company had on 12 April 2021 entered into a conditional term sheet (“Term Sheet”) with Lee Seng Chi (“Vendor”).

The Term Sheet expresses the Parties’ mutual intention to enter into a Shares Sale Agreement (“SSA”) for the proposed acquisition by RLEB of such number of shares representing 51.0% equity interest in a new special purpose vehicle to be incorporated by the Vendor (“Target Company”) for the purpose of the Parties’ joint co-operation to undertake solar renewable energy projects in Malaysia (“Proposed Acquisition”).

Kindly refer to the attachment for further details.

This announcement is dated 12 April 2021.