ANEKA JARINGAN AGM ENDS ON A HIGH NOTE, WITH ALL 6 RESOLUTIONS RECEIVED GREEN LIGHT FROM SHAREHOLDERS

Shareholders’ Support Reinforces Confidence in Strategic Direction and Leadership of the Group

KUALA LUMPUR, 22 FEBRUARY 2024 – Aneka Jaringan Holdings Berhad ("Aneka Jaringan" or the "Group"; Bursa: ANEKA, 0226), a basement and foundation construction specialist, is pleased to announce the successful conclusion of the Group’s Annual General Meeting (“AGM”) held on 22^nd February 2024. Shareholders voted in favour of all six resolutions presented at the meeting, reflecting strong confidence in the strategic direction and leadership of the Group.

The AGM was conducted with full compliance to regulatory guidelines and observed best practices to ensure the health and safety of all participants. Key resolutions passed included the receipt and adoption of the Group's audited financial statements for the year ended, the re-election of directors, the re-appointment of the Group's auditors, the approval of directors' fees and benefits, and the granting of authority to directors to raise funds.

Managing Director of Aneka Jaringan, Pang Tse Fui expressed his gratitude towards the shareholders, "We are deeply honoured by the confidence our shareholders have placed in us. The approval of all proposed resolutions is a testament to the collective belief in our strategic vision and operational execution. It is also worthwhile to mention that Aneka Jaringan achieved a significant turnaround with RM1.4 million PAT in 1Q FYE2024, showcasing not only a recovery in demand but also a broader industry recovery. As we move forward, we remain committed to leveraging this positive momentum, delivering sustainable growth, and creating value for all our stakeholders."

Notably, the Group has reported RM58.8 million in revenue for 1Q FYE2024. This represents an 11.23% increase from the same period last year (“1Q FYE2023”), underscoring the effective execution of higher-value projects. Additionally, the Group achieved a profit after tax (“PAT”) of RM1.4 million, marking a significant turnaround from a loss in 1Q FYE2023 and highlighting the second consecutive quarter of profitability. These results underscore the effectiveness of the Group's strategic initiatives and operational improvements throughout the financial year.

Beyond the numbers, Aneka Jaringan's wholly-owned subsidiary, Aneka Jaringan Sdn. Bhd. ("AJSB"), has notably secured two contracts for substructure work valued at RM168.0 million for a service apartment and mall project in Taman Overseas Union, Kuala Lumpur, showcasing the Group's domestic strength and project execution capabilities. While zooming into the Indonesia region, PT. Aneka Jaringan Indonesia ("PTAJI") secured the first diaphragm wall project in FY2024, a key milestone that diversifies the Group’s service offerings and strengthens the position in Indonesia's foundation and bored piling sector. PTAJI has continued to expand the Group’s footprint, securing projects valued at RM16.5 million in FY2023 and further building on this with RM33.3 million worth of projects already in FY2024. Meanwhile, PT. Aneka Jaringan Energy ("PTAJE"), 85.0% owned by Aneka Jaringan, is advancing in the Solar PV EPCC market in Indonesia with three projects totalling approximately RM0.6 million, demonstrating the Group's commitment to renewable energy and innovation.

The total project value secured by the Group to date for FY2024 is RM58.4 million with a breakdown of RM24.4 million, RM33.4 million and RM0.6 million secured by Aneka Jaringan Sdn. Bhd, PTAJI and PTAJE respectively. As of 22^nd February 2024, 5 P.M., Aneka Jaringan’s share price is RM0.18, with a total market capitalisation of RM117.5 million.