The Board of Directors of Gopeng Berhad ("Gopeng" or the "Company") wishes to announce that its wholly-owned subsidiary, GBS Green Sdn. Bhd. ("GBS Green" or the "Issuer"), has on 6 March 2026 established an Islamic medium term notes ("ASEAN Green SRI Sukuk Wakalah" or "Sukuk Wakalah") programme of up to RM500.0 million in nominal value, under the Shariah principle of Wakalah Bi Al-Istithmar ("ASEAN Green SRI Sukuk Wakalah Programme" or "Sukuk Wakalah Programme") based on the Securities Commission Malaysia's Sustainable and Responsible Investment ("SRI") Sukuk framework and the ASEAN Capital Markets Forum's ASEAN Green Bond Standards.

Further, on 31 March 2026, the Issuer successfully completed the first issuance of Tranche 1 ASEAN Green SRI Sukuk Wakalah amounting to an aggregate of RM180.0 million in nominal value under the ASEAN Green SRI Sukuk Wakalah Programme.

Utilisation of Proceeds

The ASEAN Green SRI Sukuk Wakalah proceeds shall be utilised by Gopeng and its subsidiaries (the "Gopeng Group") for the following Shariah-compliant purposes:-

1. To finance fees, costs and expenses in relation to the construction and development of the eligible projects as specified in a Sustainability Sukuk Framework for the Sukuk Wakalah Programme, inclusive of reimbursement of advances used for the same purposes. For avoidance of doubt, any future advances to be reimbursed would be Shariah-compliant advances;
2. To repay and/or refinance existing or future Shariah-compliant financings (including any ASEAN Green SRI Sukuk Wakalah issued under the Sukuk Wakalah Programme) and/ or existing conventional borrowings undertaken for the eligible projects;
3. To finance the reserve requirement, which may be agreed by the Issuer and Lead Arranger/Lead Manager in connection with the eligible projects as specified in a Sustainability Sukuk Framework for the Sukuk Wakalah Programme;
4. To defray fees and expenses as well as financing costs in relation to the Sukuk Wakalah Programme; and
5. For general corporate purposes and/or working capital requirements in connection with the eligible projects as specified in a Sustainability Sukuk Framework for the Sukuk Wakalah Programme.

The Tranche 1 ASEAN Green SRI Sukuk Wakalah of RM180.0 million in nominal value has been assigned with a final long-term rating of AA2 with a stable outlook by RAM Rating Services Berhad. In respect of Tranche 1, the proceeds raised therefrom has been utilised by the Issuer to partly settle amount owing by GBS Suria Sdn Bhd ("GBS Suria") to Sunway Construction Sdn. Bhd., the engineering, procurement, construction and commissioning (EPCC) Contractor for the construction of the50MWa.c. solar photovoltaic plant undertaken by GBS Suria in Gopeng, Perak with a Power Purchase Agreement (PPA) entered by GBS Suria with Tenaga Nasional Berhad. The plant has achieved its commercial operation date on 22 May 2024.

Advisers

RHB Investment Bank Berhad is the Principal Adviser, Lead Arranger, and Lead Manager for the Sukuk Wakalah Programme, whilst RHB Islamic Banking Berhad is the Shariah Adviser for the Sukuk Wakalah Programme.

This announcement is dated 31 March 2026.