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, DESB Marine Services Sdn Bhd (“DESB Marine”), has received two (2) work orders from PETRONAS Carigali Sdn Bhd (“PCSB” or the “Charterer”) on 11 March 2025 for the Provision of two (2) Units Accommodation Work Boat (“AWBOAT”) vessels (“Contracts”).

2. DETAIL OF THE CONTRACTS

The Contracts will commence on the Vessel’s on-hire certificate date (“Commencement Date”) and the duration of the Contracts as below: -

The value of the Contracts is based on work orders issued by PCSB throughout the duration of the Contracts. 

3. RISK FACTORS

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

4. 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.

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 announcement is date 9 April 2025.