Jentayu Sustainables Berhad announced that the Company on, 20 July 2023, entered into a Memorandum of Understanding (MOU) with Sumitomo Corporation at its headquarters in Tokyo, Japan to enter into a detailed discussion and due diligence process to solidify a potential collaboration on the following: Joint development and investment into JSB's Existing Projects; Joint operation of company conducting business related to power plant projects; and Joint development and investment into other potential renewable power plant projects. The MOU shall come into effect on the date of execution hereof and shall remain in force for a period of two (2) years or earlier terminated by either party in writing. This MOU is intended as a non-binding statement of the Parties?

mutual intentions only, and nothing in this MOU shall be treated or construed as any form of commitment among the Parties or any offer to execute or consummate the Collaboration and enter into any definitive agreements to carry out the Collaboration and is on a non-exclusive basis. Nothing in this MOU shall be construed or interpreted as creating a partnership, joint venture, or relationship of trust or agency among the Parties or authorizing each Party to act on behalf of the other Party, or to make representations or commitments of any kind on behalf of the other Party.