Introduction

Reference is made to the announcements dated 24 January 2018, 27 February 2018, 25 May 2021, 25 March 2022, 18 January 2024 and 26 June 2025 in relation to Extension of Supply Agreement entered into between PAESB with First Solar, Inc and First Solar Malaysia Sdn. Bhd. and First Solar Vietnam Manufacturing Co. Ltd.

The Board of Directors ("Board") of PARB wishes to announce that the Company on 14 July 2026 received Number Five of the Master Supply Agreement ("Agreement"), which has been signed and accepted by all parties in accordance to the terms and conditions as stipulated in the Agreement.

The salient terms are as follows: -

1. This agreement is for a contract period from 1 July 2026 to 31 December 2027.

2. This contract renewal is for a period from 1 July 2026 to 31 December 2027 valued at USD322.17 million (equivalent to RM1.31 billion). The exchange rate applied to this contract value is USD1.00 = RM4.076.

Duration and Value of this Agreement

The total contract value for this Agreement is USD322.17 million (equivalent to RM1.31 billion) for contract period from 1 July 2026 to 31 December 2027.

Financial effects

This Agreement will not have any impact on the share capital and shareholding structure of PARB.

This Agreement is expected to contribute positively to the Group's earnings and net assets. In addition, the long-term nature of the Agreement is expected to enhance operational efficiency through improved production scheduling, materials planning, manpower utilisation and logistic coordination.

Risks

The risk factors affecting this Agreement include changes in economic, regulatory environment and operational risks such as completion risk, fluctuation of material prices and foreign currencies which the Group would take appropriate measures to mitigate the risks.

(i) Foreign Currency Exposure

Mitigation plans include manufacturing aluminium frames for the domestic market with sales denominated in Ringgit Malaysia while raw materials are imported in USD.

(ii) Raw Material Pricing

The raw materials price fluctuations are generally passed through to customers and not expected to have material impact on Group's margins.

(iii) Single-Customer Concentration

This risk is expected to decline over time through the expansion of another plant to broaden the customer base, thereby diversifying its revenue streams and reducing foreign currency risk.

Directors' and Major Shareholders' Interest

None of the Directors and/ or major shareholders and persons connected to the Directors and / or major shareholders of PARB have any interest, direct or indirect, in the Agreement.

Directors' Statement

The Board, after considering all the relevant factors, is of the opinion that this Agreement is in the best interest of PARB Group.

This announcement is dated 14 July 2026.