EPMB TO PARTNER WITH TENAGA SWITCHGEAR FOR EV BATTERY INFRASTRUCTURE ROLL-OUT ACROSS ASEAN

MoU to explore possibilities of localising Battery Swapping Station production, and deploying Battery Swapping Stations via Tenaga Switchgear’s network

KUALA LUMPUR, 17 January 2023 — Main Market-listed EP Manufacturing Berhad (“EPMB” or “Group”) is joining hands with Tenaga Switchgear Sdn. Bhd, a subsidiary of Tenaga Nasional Berhad (“TNB”) to roll out Battery Swapping Stations and related infrastructure across ASEAN, including Malaysia. This collaboration is pursuant to EPMB’s electric vehicle (“EV”) venture and carbon credit ambitions.

EPMB, via its wholly owned subsidiary EP Blueshark Sdn Bhd, has today signed a Memorandum of Understanding (“MoU”) with TNB’s subsidiary, Tenaga Switchgear Sdn Bhd to explore the possibilities of localising the production of Batteries and Battery Swapping Stations regionally.

From Left: Tenaga Nasional Berhad Chief Strategy & Ventures Officer, Datuk Ir. Megat Jalaluddin Bin Megat Hassan, Tenaga Switchgear Sdn. Bhd Managing Director , Ir. Ahmad Sazree Abd Aziz, EP Manufacturing Berhad Executive Chairman, Mr. Hamidon bin Abdullah and Blueshark Ecosystem Sdn Bhd Chief Executive Officer, Mr. Jeff Chong（庄正伟）.

Both parties will also explore the possibilities of unifying the Battery Swapping Stations and infrastructure networks in the target markets. In addition, the MoU seeks to explore the possibilities of deploying Battery Swapping Stations via Tenaga Switchgear’s network in the region.

EPMB acting Chief Executive Officer Ms. Lim Sim Yee said: “The Group is working to commercially roll out its two-wheeler EV business in Malaysia and expand further into other ASEAN countries. For this to take place without interruption, we need a well-built Battery Swapping Station infrastructure in the markets we are eyeing to penetrate.

Therefore, EP Blueshark is excited to forge a collaboration with Tenaga Switchgear (TSG) in jointly developing the necessary infrastructure across Southeast Asia.

EPMB is collaborating with an international technology company namely, Sharkgulf Technologies Group Limited, to manufacture, assemble and distribute battery-powered two-wheeled EVs in Malaysia and the larger ASEAN region.

Tenaga Switchgear (TSG), which was incorporated in 1994, is involved in the manufacturing of Medium and High Voltage Switchgears in Southeast Asia for the electrical transmission and is venturing into Energy Transition products which includes AC and DC EV Chargers, and Battery Swapping infrastructure.

***