Nandina REM signs MOU with Press Metal and Sumitomo Corporation

Sumitomo Corporation and Press Metal Aluminium have partnered with Nandina REM to take the next step in creating an accelerated pathway to advance low-carbon circular aviation materials for the EV industry. Supporting the announcement at the ‘Race Towards Net Zero: Leadership for Climate Action’ was the Deputy Prime Minister of Malaysia, YAB Dato’ Sri Haji Fadillah Bin Haji Yusof, and GOVERNMENT OF MALAYSIA Minister for Natural Resources, Environment and Climate Change, Nik Nazmi Nik Ahmad and Tan Sri Dato Koon Poh Keong.

PMB Aluminium Sdn Bhd, (“Press Metal”, Head Office: Klang, Representative Executive: Tan Sri Dato’
Koon Poh Keong), Sumitomo Corporation Asia & Oceania Pte. Ltd (“Sumitomo”, Head Office: Singapore,
Representative Executive: Kwek Jin Saye) and Nandina Remanufacturing Pte. Ltd. (“Nandina REM”,
Head Office: Singapore, Representative Executive: Karina Li Ling Cady), today signed a memorandum
of understanding (MoU) that will drive their shared ambition of advancing the use of low-carbon circular
aviation materials in the automotive industry.

By pooling their expertise, Press Metal, Sumitomo and Nandina REM will expand the use of raw
materials derived from retiring aircraft, such as airplanes and helicopters, to drive sustainable
manufacturing goals. The firms adopt a shared vision of circular economy approaches towards value
creation in industrial production.

Based on the MoU, Sumitomo and Press Metal will support Nandina REM’s work to scale their world first
Aviation-to-Electric Vehicle (EV) Circular Economy Model. Nandina REM successfully concluded its Proof
of Concept in June 2023, and is embarking on the next stage of collaboration with private and public
sector partners. It will work with Sumitomo and Press Metal to create verifiable low-carbon alloys using
Nandina Circular Aviation Materials, prioritised for automotive EV customers.

The MoU was signed at an official ceremony at the International Greentech & Eco Products Exhibition &
Conference Malaysia (IGEM) in Kuala Lumpur on 5 October 2023, that was attended by Tan Sri Dato’
Koon Poh Keong, the founder and group CEO of Press Metal; Mr Ivan Gan, Head of Sustainability of
Press Metal; Mr JS Kwek, Sumitomo Corporation Asia & Oceania CEO and General Manager of
Non-Ferrous Metals Business Unit; Ms Karina Cady, CEO of Nandina REM; Dr Dazril Phua, Nandina REM
Chief Operating Officer; and Ms Allison Nam, Nandina REM Chief Strategy Officer.

Karina Cady, Nandina REM CEO, said: “Press Metal and Sumitomo excel in business creation and
building partnerships. Together we can create an accelerated pathway to bring low-carbon metals to
market as EV production and demand soar in Southeast Asia in the coming years – making a
measurable, permanent impact on the delivery of sustainability in both the aviation and automotive

About PMB Aluminium Sdn Bhd:

Press Metal Aluminium Holdings Berhad is a Malaysian-based aluminium company with an extensive
global presence. From a modest beginning as a privately-owned local aluminium extrusion company in
1986, it has grown into a globally integrated aluminium corporation. With expected smelting capacity of
1,080,000 tonnes and an extrusion capacity of 210,000 tonnes per annum, Press Metal Aluminium
Holdings Berhad is the largest integrated aluminium producer in Southeast Asia.

Press enquiries: Sun Lee Peng, Corporate Relations
Telephone: +603 3362 2188

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About Sumitomo Corporation Asia & Oceania Pte. Ltd:

Sumitomo Corporation Asia & Oceania Group is a leading integrated trading and investment solutions
provider. We are an integral member of the Sumitomo Corporation Group, a key player in the global
exchange of goods, services and technology. Headquartered in Singapore, we operate 25 offices in 23
cities across 14 countries in Asia and Oceania. Our activities are supported by a global network of more
than 886 group companies from 129 locations in 66 countries. Since our beginnings in the 1950s, we have
helped numerous companies expand and open up new markets. From sourcing raw materials to
launching business projects to satisfying retail demands, our role evolves to meet current and future
needs. Today from upstream to downstream operations, we have developed integrated business models
that extend across the entire value chain of the products and services we deal in.

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About Nandina Remanufacturing Pte. Ltd:

Nandina REM is a member company of the Singapore A*STAR Advanced Remanufacturing & Technology
Centre. We deliver verifiable low carbon advanced materials to accelerate net zero in the aviation and
automotive industries. By capturing the value of highly engineered materials reaching end of life, we
create brand new sources of high quality, traceable resources for manufacturing. We implement
end-to-end innovation, bringing together industry expertise and material reprocessing technology to
drive impact at scale, underpinned by advanced data collection and analytics.

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