1. INTRODUCTION

The Board of Directors of Dayang Enterprise Holdings Bhd (“DEHB” or “the Company”) is pleased to announce that its wholly-owned subsidiary company, Dayang Enterprise Sdn Bhd (“DESB”), has been awarded contracts for the Provision of Pan-Malaysia Offshore Maintenance, Construction, Modification (MCM) and Hook-Up & Commissioning (HUC) Services for Package A3 (Sarawak Asset (SKA Oil) and Package A5: Sabah Asset (SBA Southern) from PETRONAS Carigali Sdn Bhd (PCSB), respectively (the “Contracts”).

2. CONTRACT INFORMATION

The value of the Contracts will be based on work orders to be issued by PCSB throughout the contracts and shall include any or all other work and services which is generally related to the scope of works in the contracts at a fixed schedule of rates as provided in the Contracts.

a)Package A3: Sarawak Asset (SKA Oil)

b)Package A5: Sabah Asset (SBA Southern)

The scope of works of the Contracts includes provision of manpower, tools & equipment, materials, consumables, and other related services.

3. FINANCIAL EFFECTS

The Contracts will have no effect on the issued capital of the Company and is expected to contribute to the earnings of DEHB over the duration of the Contracts.

4. RISK FACTORS

Risk factors affecting the Contracts include execution risks such as availability of skilled manpower and materials, changes in prices of materials, changes in economic, and regulatory conditions. DESB shall ensure strict compliance with the safety and operational procedures in the execution of contract requirements.

5. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST

None of the directors, major shareholders and/or persons connected to them has any direct or indirect interest in the Contracts.

6. DIRECTORS’ STATEMENT

The Board of Directors of the Company is of the opinion that the acceptance of the Contracts is in the best interest of the Company.

This annoucement is dated 13 November 2024.