(For consistency purposes, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the Company’s announcement made on 15 March 2021.)

As further enquired by Bursa on the Company’s announcement made on 15 March 2021, the Board of Directors of Cypark hereby furnish the following additional information for clarity purpose.

The Cooperation Agreement Documents are principally based on the Heads of Agreement for Shareholders Agreement entered into between Cypark and PDT ("HOA"), which entails the execution of all necessary commercial agreement(s) relevant for the execution of the WTE Public Private Partnership Project at Bukit Payong, Batu Pahat, Johor Tender issued by the Ministry of Housing and Local Government (“the Project”), subject to the relevant approvals (if applicable) for the Project. Subject to the Johor state government’s approval, the said collaboration for the purpose of marketing, promoting, bidding or securing the Project in the next five (5) years is exclusive to both Cypark and PDT.

Based on the HOA, a special purpose vehicle would be established in relation to the implementation of the Project. Cypark shall act as the lead provider of technical, commercial, operating and other technical services relating to the Project and serve as the technology provider and developer of the Project. PDT shall be the local state partner who shall be responsible for liaising and engaging the relevant state and federal government departments and local authorities.

This announcement is dated 18 March 2021.