The Board of Directors of CRB wishes to announce that Cypark Smart Technology Sdn. Bhd. (“CST”), a wholly-owned subsidiary of the Company, has on 3 February 2023 received from SEDA the Confirmation of Feed-in Tariff Commencement Date as 14 December 2022, (“the FiTCD”), to commercially operate the Solid Waste Modular Advanced Recovery and Treatment Waste-to-Energy plant at Ladang Tanah Merah, Port Dickson, Negeri Sembilan ("the SMART WTE Project"). The SMART WTE is a renewable energy power plant using biomass (solid waste) as feed stock with an installed capacity of 19.7300MW.

The FiTCD is effective for a period of sixteen (16) years from the feed-in tariff commencement date. Pursuant to the FiTCD, Tenaga Nasional Berhad will purchase electricity from the Company at the pre-agreed Feed-in Tariff rate.

The Board is of the opinion that the Project is in the best interest of the Group.

The Project is expected to have material impact on the earnings and net assets of the CRB Group for the financial year ending 30 April 2023 and subsequent financial years for the FiTCD Period. None of the Directors or major shareholders of CRB and persons connected with them has any interests, direct or indirect, in the Project.

This announcement is dated 3 February 2023.