ReNu Energy to Sell Hydrogen Business for $1.1M, Aiming for Fresh Growth Path

• Sale of Countrywide Hydrogen Business to management-controlled entity for up to $1.1 million
• Independent Board Committee unanimously recommends the transaction, subject to fairness opinion
• Transaction conditional on shareholder approval at March 2025 extraordinary general meeting
• Divestment expected to deliver immediate cost savings of approximately $40,000 per month