ANEKA JARINGAN SECURES LETTER OF AWARD WORTH RM53.0 MILLION FOR LOGISTIC HUB PROJECT IN SHAH ALAM

New Contract Highlights Continued Growth and Sustainable Expansion Plans

KUALA LUMPUR, 11 JULY 2024 – Aneka Jaringan Holdings Berhad ("Aneka Jaringan" or the "Group"; Bursa: ANEKA, 0226), a basement and foundation construction specialist, is pleased to announce that its wholly-owned subsidiary, Aneka Jaringan Sdn. Bhd. (“AJSB”), received and accepted a Letter of Award (“LOA”), valued at RM53.0 million from Grand Dynamic Builders Sdn. Bhd. (“GDB”) to undertake bored piles works and precast reinforced concrete piles works for the proposed construction of a new logistic hub located in Shah Alam.

This project involves extensive foundation work, highlighting Aneka Jaringan’s expertise and reinforcing its position as an established construction specialist in Malaysia. This new project not only reflects the Group’s commitment to delivering high-quality construction solutions but also signals continued growth and expansion in the competitive construction industry.

Managing Director of Aneka Jaringan, Pang Tse Fui said, “Securing this contract is a testament to our team’s dedication and expertise. We are thrilled to be part of this significant project and look forward to delivering exceptional results. Our involvement in the construction of the new logistic hub in Shah Alam is particularly exciting as it represents a strategic development in one of Malaysia’s key industrial areas. This project underscores our capability to handle large-scale, complex construction assignments and further cements our reputation in the industry.”

He added, “Our team’s commitment to excellence and innovation has been the driving force behind our success. We are confident that this project will contribute positively to our financial performance and enhance shareholder value. As we continue to expand our footprint in the construction sector, we remain focused on delivering quality, maintaining safety standards, and ensuring the timely completion of all our projects. Looking ahead, we are excited about the opportunities that lie ahead and are fully committed to sustaining our growth trajectory while delivering value to all our stakeholders.”

The Group’s total project value secured to date for FY2024 stands at RM115.9 million in Malaysia and RM34.9 million in Indonesia. Aneka Jaringan remains focused on leveraging its strong order book and expertise to complete ongoing projects timely, ensuring sustained momentum and continued success in the industry.