The Company announced that TWL Holdings Berhad has on 13 January 2022 entered into a Memorandum of Understanding (“MOU”) with Mardi Corporation Sdn Bhd for the purpose of establishing the terms and conditions under which both Mardi Corporation, and TWL (hereinafter referred to as “the Parties”) will meet and function prior to the official formation of an Arrangement between both Parties via definite and binding agreement(s) in the investment partner in pineapple plantation and downstream products processing factory of the pineapple industry and agriculture sector.