Reference is made to the Ocean Vantage Holdings Berhad's announcements made on 19 March 2021, 30 July 2021, 30 August 2021, 24 November 2021, 25 February 2022, 24 May 2022, 30 August 2022, 30 November 2022, 28 February 2023, 25 May 2023, 24 August 2023, 23 November 2023 and 26 February 2024 respectively, in relation to the MOU entered between OVH and ADL Solar Sdn. Bhd. [Registration Number: 201301005459 (1035302-K)] for the purpose of forming a strategic partnership for mutual benefit and commercial consideration, by exploring and identifying opportunities related to the renewable energy business and to engage in discussion for the purposes of jointly preparing and submitting proposals/tenders to identify, mutually agreed project(s) based on the understanding and commitments to the collaborative effort as contained in the MOU.

The Board of the Company announced that, following the expiry of the MOU on 18 March 2024 and with no agreement to extend it, the MOU has lapsed and is deemed terminated with immediate effect (?Termination?). Upon the termination of MOU, neither party shall have any claim against the other, save and except for any antecedent claim. The Termination is not expected to have any material impact on the earnings, net assets, gearing, share capital and substantial shareholders?

shareholding of the Company for the financial year ending 31 December 2024. The Board of the Company wishes to announce that, following the expiry of the MOU on 18 March 2024 and with no agreement to extend it, the MOU has lapsed and is deemed terminated with immediate effect (?Termination?). None of the Directors, major shareholders and/or persons connected with them has any interest, whether direct or indirect, in the Termination.

The Termination is not subject to the approval of the Company?s shareholders and/or any regulatory authorities. The Board, having taken into consideration all aspects of the Termination, is of the opinion that the Termination is made in the best interests of the Company.