Jati Tinggi Secures Maiden Contract Into Data Centre Infrastructure Development

Company Taps into Rapidly Growing Data Centre Industry with New Contract Win

KUALA LUMPUR, 7 MARCH 2024 – Jati Tinggi Group Berhad ("Jati Tinggi" or the "Company"), one of the players in the field of infrastructure utilities engineering, is pleased to announce that the Company’s wholly-owned subsidiary, Jati Tinggi Holding Sdn. Bhd. (“JTHSB”) has secured a contract for a 275kV underground cable double circuit for a data centre located at the southern region of Malaysia.

This contract, valued at approximately RM22.1 million, underscores Jati Tinggi’s strong technical capabilities and trust in delivering complex infrastructure utilities projects related to high voltage power supply industry. Most notably, this contract encompasses laying 275kV underground cable double circuits, a critical component for ensuring reliable and robust power supply to the data centre.

The management of Jati Tinggi commented “We are incredibly proud to announce our first project within the data centre infrastructure realm. This landmark project signifies a pivotal expansion in our portfolio. With the successful procurement of this contract, we are poised to leverage our expertise and capabilities in infrastructure utilities engineering to contribute to the development of high-tech facilities (i.e., data centre). This is just the beginning; we anticipate this venture will pave the way for more opportunities in the data centre and its related sectors, aligning with our strategic vision for sustainable growth.”

As at 12:30 P.M. 7 March 2024, Jati Tinggi’s share price closed at RM0.305, representing a market capitalisation of RM119.5 million.