incorporation. NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 TENAGA NASIONAL BERHAD Integrated Annual Report 2023 362 52 EVENTS AFTER REPORTING PERIOD (a) SESB's Loan Restructuring On 29 January 2024, SESB has accepted the loan restructuring proposal with regards to the Ninth Malaysia Plan, offered by the Ministry of Finance. The finalisation of the repayment schedule is expected to be completed by June 2024. (b) Acquisition of 115MW onshore wind projects in Scotland by VRE On 31 January 2024, TNBI, through its wholly owned subsidiary, VRE, completed its acquisition of 100.0% stakes in Camilty Windfarm Limited, Shelloch Windfarm Limited and Troston Windfarm Limited project rights consisting of three onshore wind projects in Scotland, totalling up to 115MW capacity for a purchase consideration of GBP5.5 million and contingent consideration ofGBP1.4 million. The Group is in the midst of assessing the acquisition and its financial impact. FINANCIAL STATEMENTS Sec 5 363 STATEMENT BY DIRECTORS Pursuant To Section 251(2) of The Companies Act 2016 STATUTORY DECLARATION Pursuant To Section 251(1) of The Companies Act 2016 We, Dato’ Abdul Razak bin Abdul Majid and Datuk Ir. Megat Jalaluddin bin Megat Hassan, the Directors of Tenaga Nasional Berhad, do hereby state that, in the opinion of the Directors, the financial statements set out on pages 202 to 362 are drawn up so as to give a true and fair view of the financial position of the Group and of the Company as at 31 December 2023 and financial performance of the Group and of the Company for the financial year ended 31 December 2023 in accordance with Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act 2016 in Malaysia. Signed on behalf of the Board of Directors, in accordance with a resolution dated 19 March 2024. DATO’ ABDUL RAZAK BIN ABDUL MAJID DATUK IR. MEGAT JALALUDDIN BIN MEGAT HASSAN CHAIRMAN PRESIDENT/CHIEF EXECUTIVE OFFICER I, Nazmi bin Othman, the Officer primarily responsible for