The Board of Directors of Velesto Energy Berhad ("the Company") wishes to announce that all resolutions set out in the Notice of the 11th Annual General Meeting ("11th AGM") dated 28 May 2021 were duly passed by the shareholders of the Companyat the 11th AGM held on 28 June 2021.

The Audited Financial Statements of the Company for the financial year ended 31 December 2020and the Reports of the Directors and Auditors thereon were received and duly tabled at the 11thAGM under Agenda 1.

All the resolutions were voted by pollin accordance with Paragraph 8.29A of the Main Market Listing Requirements ofBursa Malaysia Securities Berhadand the results of the poll were validated by Commercial QuestSdn. Bhd., the independent scrutineers appointed by the Company.

This announcement is dated 28 June 2021.

To re-elect Razalee Amin, whom retires in accordance with Article 96 of the Company's
Constitution and being eligible, offer himself for re-election.

To approve the payment of fees to the Non-Executive Chairman and Non-Executive Directors with effect from this 11th AGM until the next AGM of the Company to be held in year 2022.

To approve the benefits payable to the Non-Executive Chairman and Non-Executive Directors comprise of allowances, benefits-in-kind and other emoluments payable to them, from the 11th AGM to the next AGM of the Company in 2022.

To re-appoint Messrs. Ernst & Young PLT as Auditors of the Company for the financial year ending 31 December 2021 and to authorise the Board of Directors to determine their remuneration.