Five China-Based Companies Express Interest to Invest in Gerbang Nusajaya Renewable Energy Industrial Park

KUALA LUMPUR – In a boost to Malaysia’s renewable energy sector, five leading China-based companies have expressed interest in becoming off-takers and setting up local manufacturing facilities within the UEM Sunrise Berhad (UEM Sunrise) Renewable Energy (RE) Industrial Park strategically located in Gerbang Nusajaya, Iskandar Puteri, Johor. The companies will occupy the 40-acre (16.2 hectares) land within the RE Industrial Park as previously announced between UEM Group Berhad (UEM Group)’s township and property arm, UEM Sunrise, together with ITRAMAS Corporation Sdn Bhd (ITRAMAS) and China Machinery Engineering Corporation (CMEC).

The companies include industry giants such as China Machinery Engineering Wuxi Co. Ltd. (CMEC WUXI), the manufacturing arm of CMEC and Wuxi Longmax Technology Co., Ltd. (Longmax), a global leader in solar photovoltaic (PV) combiner box and eBOS solutions. Both companies are already in the process of setting up local manufacturing operationsin Malaysia, as well as establishing solar module and combiner box production facilities within the RE Industrial Park.

Complementing CMEC WUXI and Longmax, other leading international RE manufacturers such as Gotion for Battery Energy Storage Systems, Hopewind for Solar Inverters, and Huasun for Heterojunction (HJT) modules are also in discussions to invest in the industrial park and participate as renewable energy offtakers.

This development was unveiled at the Agreement Exchange Ceremony held today between UEM Sunrise, ITRAMAS and CMEC, which follows the original signing of the Memorandum of Understanding (MoU) in May 2024 in Beijing by the three companies.

The agreement exchange was witnessed by YB Tuan Mohd Rafizi bin Ramli, Minister of Economy and YB Tuan Nik Nazmi bin Nik Ahmad, Minister of Natural Resources and Environmental Sustainability, during the International Greentech & Eco Products Exhibition and Conference Malaysia (IGEM) 2024.

The RE Industrial Park is part of the one (1) gigawatt (GW) hybrid solar power plant project, a flagship catalytic project under Malaysia’s National Energy Transition Roadmap (NETR) to be Page 1 of 4 Page 2 of 4 undertaken by UEM Group through its wholly-owned subsidiary and green industries arm, UEM Lestra Berhad (UEM Lestra). This project is expected to play a pivotal role in Malaysia’s renewable energy infrastructure, fostering local and regional market growth and positioning Malaysia as a renewable energy hub in ASEAN.

Harman Faiz Habib Muhamad, CEO of UEM Lestra, said: “The RE Industrial Park in Gerbang Nusajaya is a pivotal component of our landmark 1GW solar hybrid power plant project under NETR. The interest from foreign companies and their forthcoming involvement in the project willstrategically position Malaysia to drive substantial economic growth through foreign direct investment. Furthermore, it will accelerate our domestic direct investment objectives and reinforce our comprehensive value creation strategy, all of which are agendas we share with our parent company, UEM Group. By leveraging the collective strengths of our partners, we are establishing a robust foundation for a transformative shift towards a more sustainable future for Malaysia.”

Sufian Abdullah, CEO of UEM Sunrise, stated: “Today’s document exchange not only strengthens ourshared vision for Malaysia’srenewable energy future but also highlights UEM Sunrise’s dedication to supporting our partners. In collaboration with ITRAMAS, CMEC, and our esteemed partners from China, we are committed to fostering an environment that promotes seamless growth, innovation, and excellence in local manufacturing. As we establish Gerbang Nusajaya as a renewable energy hub, UEM Sunrise looks forward to providing the infrastructure, resources, and bring the collaborative spirit required to bring form to this vision in a responsible and sustainable manner.”

Lee Choo Boo, Group Managing Director of ITRAMAS Corporation, remarked: “The RE Industrial Park is a testament to Malaysia’s commitment to renewable energy, and we are proud to collaborate with CMEC and our other strategic partners to bring world-class renewable energy technologiesto Malaysia. Thisis not only about driving local manufacturing and supply chain development but about supporting Malaysia’s broader energy transition under the NETR framework. The participation of top international players in this initiative demonstrates the confidence in Malaysia as a growing hub for clean energy solutions.”

Kathy Xu, General Manager of CMEC WUXI, stated: “Driving innovation and powering the future with world-class expertise: Our collaboration brings together cutting-edge technology and deep industry expertise to create sustainable solutions for the evolving energy landscape. By combining our shared vision for innovation and excellence, we are setting new benchmarks in efficiency, reliability, and green energy Page 3 of 4 development. This partnership not only strengthens our competitive edge but also accelerates the transition toward a more sustainable and connected world.”

Henry Yang, CEO of Longmax, remarked: “Our partnership represents a strategic milestone in bringing advanced DC connection technology to Malaysia. As the global leader in combiner box solutions, we are excited to localize our manufacturing capabilities and contribute to Malaysia’s growing renewable energy sector. By leveraging our deep expertise and proven track record, we aim to enhance the efficiency and reliability of solar installations in the region, while supporting Malaysia’s energy transition goals under the NETR framework. We look forward to advancing the country’s solar supply chain and driving sustainable growth both locally and internationally.”