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IEV ENERGY AND GAS MALAYSIA ENTERS INTO A JVA FOR CNG DISTRIBUTION IN MALAYSIA

24 February 2014 - IEV Energy Sdn Bhd and Gas Malaysia have entered into a Joint Venture Agreement to incorporate a joint venture company, to pursue and engage into the provision of the sale, supply and transportation of CNG to potential customers, to carry out of the design, construction, installation, commissioning and operation of Pressure Regulating Unit (“PRU”) at each customer’s premises and Gas Malaysia-IEV mother station at each supply station, the purchase and operation of CNG trailers to transport CNG from Gas Malaysia-IEV mother station to the PRU located at customer locations as well as any other businesses related to it.