Meta Bright Group Berhad announced that Commercial Operation Date ("COD") has been achieved on the 21 March 2024 for its solar project under the Solar PV Zero Capex Program for Sinergi Perdana Sdn Bhd ("SPSB"), a company owned by the Rubber Industry Smallholders Development Authority ("RISDA") under the Ministry of Rural and Regional Development. The solar project, developed by MBGB's wholly-owned subsidiary FBO Land (Setapak) Sdn. Bhd.

("FBO"), has a capacity of up to 401.76 kWp. This initiative is part of a 21-year renewable energy supply agreement, offering SPSB a 20% discount to the prevailing Tenaga Nasional Berhad ("TNB") tariff rates, equipped with Imbalance Cost Pass-Through ("ICPT"). This project is estimated to mitigate approximately 380.81 tonnes of CO2 emissions annually, thus contributing significantly to environmental sustainability by reducing carbon footprints, combating climate change and promoting cleaner energy alternatives.

In addition to the successful installation of the Sinergi Perdana project, MBGB is actively pursuing new opportunities in the renewable energy sector. The company is currently exploring projects in the Commercial & Industry ("C&I") segment worth approximately MYR 34.7 million. MBGB is proud to report that the total value of projects that have completed installation stands at approximately MYR 3.55 million.

Additionally, the company has projects currently in progress valued at around MYR 11.89 million. The commercial operation of this project is expected to provide MBGB with sustainable earnings income, contributing positively to the group's long-term financial stability. Furthermore, the project is projected to mitigate a significant amount of CO2 emissions, reinforcing the company's dedication to clean energy and a greener, sustainable future.