Press Release
April 26. 2024
Shizen International Inc.

Shizen International and Majuperak Holdings Berhad sign an MOU for
Solar Power Development in Perak, Malaysia

Shizen International Inc. (Shizen International), a group company of the Shizen Energy
Group, signed an memorandum of understanding (MoU) with Majuperak Holdings
Berhad (MHB), an established State Government-Linked Company (GLC) in Perak,
Malaysia, to cooperate in the development of ground-mounted solar power projects
and assess bodies of water suitable for floating solar projects in Perak. The signing
took place on April 25, 2024, in Fukuoka City, Japan.
Under the MOU, the two parties will jointly develop ground-mounted solar projects inthe State of Perak, conduct feasibility studies on floating solar projects, and consider
co-funding the projects.
The MoU was signed by Syed Agil Syed Hashim, Group Chief Executive Officer of MHB,and Rei Ushikubo, Chief Executive Officer of Shizen International. Witnessing theceremony were YAB Dato’ Seri Saarani bin Mohamad, Chief Minister of Perak; Datuk
Redza Rafiq Abdul Razak, Chief Executive of Perak State Development Corporation(PKNP) and Executive Chairman of MHB; Oliver Senter, Executive Officer at ShizenEnergy Inc. responsible for Investment & Strategy and Ryo Ogawa, Chief Operating
Officer of Shizen International. Also present at the ceremony were the Perak StateSecretary, Datuk Ahmad Suaidi Abdul Rahim, the Perak State Financial Officer, Dato’
Mohd Zaki Mahyudin and the Perak Tourism, Industry, Investment and Corridor
Development Committee Chairman, YB Loh Sze Yee.
Shizen Energy Inc. is based in Fukuoka City, which shares a sister city relationship withIpoh, Perak. Since signing a sister city agreement in 1989, the two cities have fosteredrobust educational and cultural exchanges. Shintaro Nakamura, the Director of theInternational Cooperation Section of Fukuoka City, was also present to commemorate
the event.
Syed Agil Syed Hashim, Group CEOof MHB, stated, “We see Shizen as an ideal partner
due to their expertise and proven track record. This collaboration promises theadvancement of renewable energy and positive outcomes for local communities,
including job creation, technology sharing, and economic prosperity. By joining forces
with Shizen Energy Japan, a renowned leader in the renewable energy sector, we arepoised to leverage our collective expertise and resources to accelerate the adoption ofclean energy technologies in our region.”.
Rei Ushikubo, CEO of Shizen International, stated, “Our partnership with MHB,
supported by the Perak State Government of Malaysia, underscores our commitment toboosting renewable energy expansion in Malaysia. This collaboration will benefit bothparties and boost the state’s local socio-economic development while supporting its
2030 target and low-carbon energy initiatives. We are committed to leveraging Fukuoka
and Ipoh’s longstanding friendship and hope for both cities’ better, sustainable future.
Our focus is on developing renewable energy projects and fostering a sustainable
environment for future generations. This collaboration aligns with our purpose of taking
action for the blue planet.
【About Shizen International Inc.】
Established in September 2020. A subsidiary of Shizen Energy Inc. engaged in thedevelopment and asset management of international renewable energy power plants,
primarily in Southeast Asia and Brazil.
● Headquarters: Fukuoka Ohori Bldg. 1-1-6 Arato, Chuo Ward, Fukuoka City,Fukuoka● Representative Director: Hiroki Koga
● URL: https://www.shizeninternational.com/【About Majuperak Holdings Berhad】
Majuperak Holdings Berhad ('MHB') is an established Perak State Government-Linked
Company ("GLC") with a diverse portfolio that includes Property Development andInfrastructure, Asset and Facilities Management, Renewable Energy, and Trading andcommercial Ventures.
The company was founded on September 3, 1976, and is a subsidiary of Perbadanan
Kemajuan Negeri Perak (PKNP). On June 27, 2007, MHB achieved a significant
milestone by becoming a public-listed company on the Main Market of Bursa Malaysia
under the property counter. This move marked a pivotal moment in the company's
growth journey, allowing it to access capital markets and expand its reach.
MHB is steadfast in its commitment to excellence. Its vision is to be recognized as thepremier GLC in the state of Perak and beyond its borders.
● Headquarters: Aras 1, Bazar Ipoh, Jalan Sultan Nazrin Shah, Medan Gopeng,31350, Perak Darul Ridzuan● URL: https://www.majuperak.com.my<For inquiries regarding this press release>
Shizen Energy Group, Public Relations GroupE-mail: se-comm@shizenenergy.net