CubeTech Asia Sdn Bhd announced that on September 1, 2020, it entered into a Joint Venture Agreement with Permaju Industries Berhad to regulate their relationship inter se as shareholder of Genbayu Gemilang Sdn Bhd in which, CASB intends to submit its tender to build and operate a Large Scale Solar 4 Proposed 50MW Plant in Seremban, Negeri Sembilan, Malaysia subject to the terms and conditions stipulated in the JV Agreement. This Agreement is subject to and conditional upon the following conditions precedent being fulfilled within the Conditional Period which is within three months from the date of this JV Agreement or such other date as the Parties may mutually agree in writing: CASB having obtained the letter of award by the Energy Commission Malaysia to undertake the Project; and CASB having obtained, under its own name, all relevant approvals, certification, licenses and/or permits as may be required under the laws and regulation of Malaysia to undertake the Project. The Parties shall upon the execution of this JV Agreement take all necessary steps and actions to obtain the fulfilment of the Conditions Precedent as expeditiously and as reasonably as possible.