Introduction

The Company is pleased to announce that its wholly-owned subsidiary, Aneka Jaringan Sdn Bhd, had on 3 December 2025 received and has on 18 December 2025 accepted the Letter of Award dated 3 December 2025 from BYG Architecture Sdn Bhd (“Architect”) for and on behalf of Exsim Waterfront Sdn Bhd (“Employer”), to undertake the substructure works including temporary works, piling and pile caps construction for Proposed Plot 1 Serviced Apartment Building 57-Storey with One (1) Sub-basement and One (1) Mezzanine Floor (Strata Title Ownership) Comprising:-

I. 1-Storey of Car Parks (Sub-Basement)

II. 8-Storey of Car Parks (Level 1–Level 8)

III. 46-Storey of Serviced Apartment Units (671 Units) (Level 9–Level 54)

IV. 3-Storey of Utility Space (Level 9, Level 34 and Level 55)

V. Storey of Recreational Facilities Space (Level 9, Level 56 and Level 56M)
On part of Reclaimed Land Plot A1-8, Seksyen 8, Bandar George Town, Daerah Timur Laut, Pulau Pinang for Exsim Waterfront Sdn Bhd (“Contract”).


Salient Terms of the Contract

(i) The Contract sum is Ringgit Malaysia Thirty One Million One Hundred and Sixty Thousand (RM31,160,000.00) only, exclusive of Construction Service Tax.

(ii) The commencement date of the Contract is 18 December 2025 and shall be completed on 17 January 2027.

For the avoidance of doubt, the commencement date was agreed between AJSB and the Architect for and on behalf of Employer and has been adopted during the final negotiation for the Contract, to ensure that the delivery of works for the Contract will not be delayed.


Financial Effects

The Contract will not have any effect on the share capital and shareholding structure of the Company. The Contract, however, is expected to contribute positively to Aneka’s consolidated earnings and net assets for the financial years ending 31 August 2026 and 31 August 2027, during the duration of the Contract.


Risks Factors

The Company does not foresee any exceptional risks other than the normal operational risks associated with the Contract. The Company will take the necessary steps to mitigate the risks.


Directors’ and Major Shareholders’ Interest

None of the Directors and/or major shareholders and/or persons connected with them has any interest, direct or indirect, in the Contract.


Approvals Required

The Contract is in the ordinary course of business and is not subject to the approval of Aneka’s shareholders.


Statement by Directors

The Board of Directors of Aneka, having considered all aspects of the Contract, is of the opinion that the Contract is in the best interest of the Company.

This announcement is dated 18 December 2025.