The Board of Directors of Meta Bright Group Berhad announced that the Company had on 26 September 2023 entered into a partnership agreement with Samaiden Sdn. Bhd. for the Proposed Collaboration.

The salient terms of the Partnership Agreement are, amongst others, as follows: (a) to formalise and standardize the relationship between the Parties on a non-exclusive basis in order to provide consistency in the relationship and a focal point, for the preparation and administration of collaboration and cooperation; (ii) to develop and maintain a strategic relationship between the Parties to pursue business opportunities in the clean energy sector; and. (iii) to explore the possibilities of cooperation on the basis of mutual interest and benefit. (Collectively, the " Proposed Collaboration") (b) Obligations, roles and responsibilities of SSB: (i) to collaboratively develop clean energy projects with MBGB for mining sector within Asia-Pacific ("APAC") regions; (ii) to share the knowledge in providing relevant clean energy technology, installation improvement, better outsourcing for the development in energy sector; (iii) to provide full turnkey EPCC works of the clean energy projects with MBGB; (iv) to refrain from engaging, directly or indirectly, any actions or activities that would seek to bypass, avoid, circumvent or attempt to circumvent MBGB by engaging, participating, or transacting business with any third party customers who are desirous in clean energy projects (" Customers") introduced, disclosed, or made known through the Partnership Agreement without the prior written consent of MBGB; (v) to facilitate the training related clean energy development towards better working in the future; and.

(vi) to comply with all obligations required for compliance with the laws of Malaysia. (c) Obligations, roles, roles and responsibilities of MBGB: (i) to collaborateatively develop clean energy projects with SSB for mining sector within APAC regions; (ii) to sharing the knowledge in providing relevant clean Energy technology, installation improvement, better automation for the development in energy sector. (iii) to refrain from engaging, direct or indirectly, any actions or activity that would seek to bypass, avoiding, circumvent or attempt to circumventMBGB by engaging, participating, and.

(v) to comply with all obligations needed for compliance with the laws of Malaysian. (c) Obligation, roles and responsibilities of MB GB: (i) to collaborative develop clean energy projects withSSB for mining sector within AP AC regions; (ii) to shares the knowledge in providing relevant cleanenergy technology, installation improvement, better contracting for the development in energy sector); (iii) to refrain from engage, directly or indirectly, any activities that would seek to bypass the bypass, avoid, circumvent or attempts to circumvent SSB by engaging, participating, or Transacting business with any Customers introduced, disclosed, or made available through the Partnership Agreement without the previous written consent of SSB; (iv) to participate as the registered photo-voltaic investor ("RRPVI") in full turnkey EPCC work of the clean energy projects with SSB; and. (v) to compliance with the laws of Malaysia; (d) The Partnership Agreement will come to effect at the time of signing and will remain in force for a period of 2 years (" Collaboration Period").

(e) MBGB or SSB may terminate the Partnership Agreement by giving not less than 3 months' notice in writing without the need for assigning any reason, provided however that any decision to allow the Collaboration Period to lapse will take into consideration the time for completion of any collaboration under way or at MBGB or SSB's institution. (f) MBGB or SSB shall be entitled to terminate the Partnership Agreement immediately by notice in writing to the other party (but without prejudice to any rights either party may have against the other arising prior to such termination) if any of the events set out below shall occurs: (i) if the other party shall commit any material breach of its obligations under the Partnership Agreement and shall fail to remedy such breach (if capable of remedy such breach (if able of remedy) within 30 days after being given notice by the first party so to do; or (if capable of remedy) within 30 days After liquidation, if the other party so to do; or if the other party shall go into liquidation, if the other parties shall go into liquidation, whether compulsory or voluntary (except for the first party shall go into liquidation), if the first party shall go into Liquidation, whether the first party shall go into the other party shall go into Liquidation period of liquidation, whether the other party shall go into the first party shall be given notice by the first party shall go intoliquidation Period). (if capable of liquidation, whether the first party may go into liquidation, whether the first parties shall go into liquidation Period).