We refer to the news article titled "LSS5 and EPCC to underpin Northern Solar's profit upcycle" which was featured on the online portal of The Star on 25 September 2026.

"Management is currently finalising details of a potential 170-megawatt solar-plus-storage Cress project, with Northern Solar expected to participate as asset owner rather than contractor," it said.

The Cress project has an indicated value of more than RM800mil, with a two-and-a-half-year construction period and a single data-centre offtaker."

The Company wishes to clarify that it is presently in the midst of pursuing a potential project under the Corporate Renewable Energy Supply Scheme ("CRESS") ("Potential Project") as part of the Company and its subsidiaries (collectively referred to as "the Group") ongoing efforts to expand its participation in utility-scale renewable energy projects which is in line with the Group's ordinary course of business arising from the growing demand for renewable energy solutions.

As at the date of this announcement, discussions and negotiations in relation to the Potential Project remain ongoing and the terms and conditions thereof have yet to be finalised and/or agreed upon by the relevant parties. Accordingly, no definitive agreement in respect of the Potential Project has been entered into by the Group at this juncture.

In this regard, the Company wishes to clarify that the information referred to in the news article, including the potential generation capacity of approximately 170 megawatt, the estimated project value of more than RM800 million, the anticipated construction period of approximately two and a half years, the proposed solar-plus-storage configuration, the Group's potential participation as an asset owner and the proposed offtake arrangement, is preliminary in nature and remains subject to ongoing discussions, negotiations, due diligence, regulatory requirements and the finalisation of the relevant commercial and contractual terms. As such, the final terms and scope of Potential Project may differ from that reported.

The Company wishes to emphasise that it remains in the process of pursuing the Potential Project and will make the necessary announcement(s) to Bursa Malaysia Securities Berhad in accordance with the applicable listing requirements upon the finalisation and execution of any definitive agreement in relation to the Potential Project.

This announcement is dated 25 September 2026.