Reference is made to the announcements dated 24 January 2018, 27 February 2018, 25 May 2021, 24 March 2022 and 25 March 2022 in relation to Extension of Supply Agreement entered into between P.A. Extrusion (M) Sdn. Bhd., a wholly-owned subsidiary of PARB with First Solar, Inc., First Solar Malaysia Sdn. Bhd. and First Solar Vietnam Manufacturing Co. Ltd.



The Board of Directors (“Board”) of PARB wishes to announce that the Company has on 17 January 2024 received Fourth Renewal of the Master Supply Agreement (“Agreement”) which signed and accepted by all parties to the terms and conditions as stipulated in the Agreement.



The salient terms are as follows: -

1.This agreement superseded agreement signed on 10 March 2022 for contract period from 2 January 2024 to 1 July 2024;

2. This contract renewal is for period from 2 January 2024 to 1 July 2025 valued at up to USD231.9 million (equivalent up to RM1.076 billion); and

3. This contract may be renewed by First Solar for subsequent one (1) year period upon notice to P.A. Extrusion (M) Sdn. Bhd., not later than thirty (30) days prior to the expiration of the current term.



Duration and Value of this Agreement

The total contract value for this Agreement up to USD231.9 million (equivalent up to RM1.076 billion) approximately for contract period from 2 January 2024 to 1 July 2025. The exchange rate applied to this contract value is USD1.00 = RM4.64.



Financial effects

This Agreement will not have any impact on the existing share capital and shareholding structure of PARB.

This Agreement is expected to contribute positive to the earnings and net assets of the PARB Group.



Risks

The risk factors affecting this Agreement includes changes in economic, regulatory and operational environment such as completion and delivery risk, fluctuation of material prices and foreign currencies which the Group would take appropriate measures to mitigate the risks.



Directors’ and Major Shareholders’ Interest

None of the Directors and / or major shareholders and persons connected to the Directors and / or major shareholders of PARB have any interest, direct or indirect, in this Agreement.



Directors’ Statement

The Board, after considering all the relevant factors, is of the opinion that this Agreement is in the best interest of PARB Group.



This announcement is dated 18 January 2024.

Hi @calvintaneng, you here also ahh. Waa.... Really anywhere also can read your comment wor.

I think your mouth is bigger btw, where also comment. Mcm got a lot of content to write, but all nonsense.

Learn from ppl like Philip ( 2.3% fatality rate, 80% recovery rate age 10-40) la, at least he can write analytical articles.

@Philip ( 2.3% fatality rate, 80% recovery rate age 10-40) thanks for the articles that you wrote on companies like gkent, pchem, QL. They are really good i would say, and it has convinced me that at least in i3 forum, there is someone sensible.

Waaaa @calvintaneng

Wherever I go I also see you ahh

You must be very free ahh, got alot of time ask ppl sell this sell that.

@Mobidick, I urge you to consider this article - https://www.theedgemarkets.com/article/stocks-bashed-down-what-buy-now

Focus on what Affin Hwang Investment Bank Bhd (Affin Hwang IB) deputy group managing director Yip Kit Weng has to say.

Tell me what you think, is it better to consider the opinion given by calvintaneng or Yip?

Who is more credible?

@calvintaneng - nothing personal, just that I think it is better for us to be informed by someone who is more credible

For all,

Especially calvintaneng, this is for you.
https://www.theedgemarkets.com/article/how-weather-storm

Excerpt from the article:

“You should be selling when the market was at its peak, not when it is at a low,” said Danny Wong Teck Meng (Areca Capital Sdn Bhd CEO)

TA Securities head of research Kaladher Govindan agreed that it is too late for investors to sell now to cut loss. “We suggest investors to average down on their lost stock position, or consider accumulating other undervalued stocks”.

PMB’s Najmi concurred. “For the loss-making ones, we believe you should take a rational approach and question yourself if the selling is overdone and consider to average down the position if the stock is undervalued.”

Hope its informational and enlightening for you calvintaneng.