The Board of Directors of Yenher is pleased to announce that the Company has entered into a Memorandum of Understanding with Bioloop Sdn. Bhd. (“Bioloop") on 2 December 2024 to establish a joint venture collaboration between YENHER and Bioloop to set up a Black Soldier Fly (“BSF”) plant, the bioconversion of organic waste, and the manufacturing of frass and BSF protein. The estimated project value is up to RM10,000,000.00, with an aim to produce up to 1,500 metric tonnes (“MT”) of fresh BSF larvae and up to 5,500 MT of frass (organic fertiliser) annually (the “Products”). The joint venture will also involve marketing and selling of BSF related products.

Please refer to the details in the announcement attached.

This announcement is dated 2 December 2024