The Board of Directors of the Toyo Ventures Holdings Berhad (TVHB) announced that TVHB had on 30 November 2023 entered into a Collaboration Agreement (CA) with China Energy Engineering Investment Corporation Limited (CEEIC). Both Parties are willing to cooperate with each other in the sectors of power, infrastructure and other new industries under multiple means with each other's respective advantages. The CA laid out the principles and contents of cooperation covering types of cooperation projects, aspects of cooperation and other general terms. The CA is to document the Parties' intention in relation to the Projects only and is not be legally binding on or enforceable against the Parties.