Introduction
The Company is pleased to announce that its wholly-owned subsidiary, Aneka Jaringan Sdn Bhd ("AJSB"), had on 23 October 2026 received and has on 26 October 2026 accepted the Letter of Award dated 13 October 2026 from EDP Consulting Group Sdn Bhd ("Engineer") for and on behalf of IOI Rio Mall Sdn Bhd, IOI Hospitality Sdn Bhd and IOI Rio Towers Sdn Bhd (collectively referred to as "Employer"), to undertake the construction and completion of bored piles works for CADANGAN PEMBANGUNAN DI ATAS LOT-LOT 5452-5473, 5475-5490, 12 DAN 356 MUKIM PETALlNG, DAERAH PETALlNG, SELANGOR DARUL EHSAN (RIO CITY TOWN CENTRE) ("Contract").
Salient Terms of the Contract
The Contract sum is Ringgit Malaysia Fifty Three Million Three Hundred Fifty Three Thousand and Three Hundred (RM53,353,300.00) only.
The commencement date of the Contract is 20 October 2026 and expiring on 19 August 2027. For the avoidance of doubt, the commencement date was agreed between AJSB and the 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 year ending 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 26 October 2026.
