【AWC 7579 交流专区】

icy97

Type	Announcement
Subject	OTHERS
Description	AWC BERHAD ("AWC" OR "THE COMPANY")ACCEPTANCE OF LETTER OF INTENT TO AWARD BY QUDOTECH SDN BHD ("QUDOTECH"), A WHOLLY OWNED SUBSIDIARY OF AWC, FROM LENDLEASE PROJECTS (M) SDN BHD ("LLPM") FOR PRELIMINARY WORKS OF TRADE PACKAGE NO.: TP24 - HYDRAULIC SERVICES ("WORKS")(COLLECTIVELY KNOWN AS "PRELIMINARY WORKS AGREEMENT")
The Board of Directors of AWC is pleased to announce that Qudotech, a wholly owned subsidiary of AWC, had on 22 February 2019 accepted a letter of intent to award from LLPM and be appointed as the Trade Contractor for the provision of preliminary works of Trade Package No. TP24 - Hydraulic Services at a preliminary works agreement sum of RM500,000. Further details of the Preliminary Works Agreement are as attached. This announcement is dated 22 February 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6071141

Attachments AWC- Letter of Intent from Lendlease Projects (M) Sdn Bhd.pdf

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2018	31 Dec 2017	31 Dec 2018	31 Dec 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	85,947	68,353	154,439	134,557
2	Profit/(loss) before tax	11,838	7,014	20,991	15,071
3	Profit/(loss) for the period	9,283	5,456	16,567	11,786
4	Profit/(loss) attributable to ordinary equity holders of the parent	7,004	5,060	13,075	10,122
5	Basic earnings/(loss) per share (Subunit)	2.48	1.88	4.74	3.81
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6650		0.6080

icy97

AWC BERHAD

EX-date	16 Apr 2019
Entitlement date	18 Apr 2019
Entitlement time	05:00 PM
Entitlement subject	First Interim Dividend
Entitlement description	First Single-Tier Dividend of 0.5 sen per ordinary share
Period of interest payment	to
Financial Year End	30 Jun 2019
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN. BHD.Unit 32-01, Level 32, Tower AVertical Business SuiteAvenue 3, Bangsar SouthNo. 8, Jalan Kerinchi59200 Kuala LumpurTel: 03-2783 9299Fax: 03-2783 9222
Payment date	16 May 2019
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	18 Apr 2019
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.005

icy97

Type	Announcement
Subject	OTHERS
Description	AWC BERHAD ('AWC' OR 'THE COMPANY') TITLE OF THE CONTRACT:- KONTRAK PENGURUSAN FASILITI BANGUNAN JB SENTRAL, BUKIT CHAGAR, JOHOR BAHRU, JOHOR DARUL TAKZIM - PERKHIDMATAN PEMBERSIHAN (HOUSEKEEPING) ('CONTRACT')
The Board of Directors of AWC is pleased to announce that a tender submitted by the Facilities Division for the facilities management of Bangunan JB Sentral ('Housekeeping Services'), situated in Johor Bahru, has been accepted by Jabatan Kerja Raya ('JKR'), the Government of Malaysia. The fee for the Housekeeping Services is approximately RM35.1 million over the maintenance period of five (5) years from 1 April 2019 till 31 March 2024. Ambang Wira Sdn Bhd, a wholly-owned subsidiary of AWC, a part of our Facilities Division, has, on today’s date, accepted and returned the Government of Malaysia’s SST dated 22 March 2019. Further details of the Contract are as attached. This announcement is dated 25 March 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6104297

Attachments AWC - JB Sentral Housekeeping Facility Mgmt Contract.pdf

icy97

AWC BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Acquisitions
Details of corporate proposal	ACQUISITION BY AWC BERHAD OF 60% EQUITY INTEREST IN TRACKWORK & SUPPLIES SDN BHD ("TRACKWORK") FOR A TOTAL PURCHASE CONSIDERATION OF RM43,500,000
No. of shares issued under this corporate proposal	7,787,151
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.7705
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	295,842,481
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 113,856,534.446
Listing Date	29 Mar 2019

icy97

icy97 发表于 25-2-2019 07:43 AM
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6071141

Type	Announcement
Subject	OTHERS
Description	AWC BERHAD ("AWC" or "THE COMPANY")- TRADE CONTRACT ENTERED INTO BETWEEN QUDOTECH SDN. BHD. ("QUDOTECH"), A WHOLLY-OWNED SUBSIDIARY OF AWC, AND LENDLEASE PROJECTS (M) SDN. BHD. ("LLPM")
Further to the Company’s announcement made on 22 February 2019, the Board of Directors of AWC wishes to announce that Qudotech, a wholly-owned subsidiary of AWC, had on 3 April 2019 accepted the trade contract entered into between Qudotech and LLPM, for the appointment of Qudotech as the Trade Contractor for the provision of preliminary works of Trade Package No. TP24 – Hydraulic Services, at the Trade Contract Sum of RM29,871,820.00 (“PWA”). Please refer to the attachment for further details. This announcement is dated 3 April 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6114993

Attachments Trade Contract with LLPM.pdf

icy97

Type	Announcement
Subject	OTHERS
Description	AWC BERHAD (''AWC'' OR ''THE COMPANY'')ACCEPTANCE OF LETTER OF AWARD BY TRACKWORK AND SUPPLIES SDN BHD FOR THE PROVISION OF SUPPLY PACKAGE WORKS- DESIGN, MANUFACTURE, SUPPLY, ASSEMBLY, TESTING AND COMISSIONING OF HARSCO MODEL RGH 10C RAIL GRINDING VEHICLE (RGV) ("SUPPLY PACKAGE")
The Board of Directors of AWC (“Board”) wishes to announce that Trackwork and Supplies Sdn Bhd ("Trackwork"), a subsidiary of AWC, had on 30 April 2019 accepted a letter of award for the supply package valued at RM17.1 million (excluding Sales and Service Tax) ("the Contract") by China Communications Construction Company (Malaysia) Sdn Bhd, the Works Package Contractor. The Contract is for the provision of design, manufacturing, supply, assembly, testing and commissioning of Harsco Model RGH 10C Rail Grinding Vehicle (RGV) works for the Projek Mass Rapid Transit Laluan 2: Sungai Buloh-Serdang-Putrajaya (SSP) developed by Mass Rapid Transit Corporation Sdn Bhd/the Owner. Further details of the Contract are as attached. This announcement is dated 30 April 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6145777

Attachments Letter of Award.pdf

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2019	31 Mar 2018	31 Mar 2019	31 Mar 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	88,857	75,252	243,296	209,809
2	Profit/(loss) before tax	12,131	11,181	33,123	26,253
3	Profit/(loss) for the period	9,507	8,509	26,075	20,295
4	Profit/(loss) attributable to ordinary equity holders of the parent	6,931	6,857	20,007	16,980
5	Basic earnings/(loss) per share (Subunit)	2.37	2.54	7.15	6.36
6	Proposed/Declared dividend per share (Subunit)	0.50	0.00	0.50	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6850		0.6080

icy97

awc获1.13亿政府合约
https://www.enanyang.my/news/20190820/awc获1-13亿政府合约/

Type	Announcement
Subject	OTHERS
Description	AWC BERHAD ("AWC" OR "THE COMPANY") TITLE OF THE CONTRACT:- PERKHIDMATAN SOKONGAN HOSPITAL (PSH) DI INSTITUT KANSER NEGARA ("CONTRACT")
The Board of Directors of AWC is pleased to announce that a tender submitted by the Facilities Division for the hospital support services ("the Services") for National Cancer Institute has been accepted by Kementerian Kesihatan Malaysia, the Government of Malaysia. The fee for the Services is approximately RM113 million over the Contract period of three (3) years from 1 September 2019 till 31 August 2022. Ambang Wira Sdn Bhd (“AWSB”), a wholly-owned subsidiary of AWC, a part of our Facilities Division, has, on today’s date, accepted and returned the Government of Malaysia’s SST dated 16 August 2019. Further details of the Contract are as attached. This announcement is dated 20 August 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6257953

Attachments AWC - Perkhidmatan Sokongan Hospital (PSH) di Institut Kanser Negara Contract.pdf

icy97

awc-末季料赚700万
https://www.enanyang.my/news/20190821/【视频】awc-末季料赚700万/

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2019	30 Jun 2018	30 Jun 2019	30 Jun 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	79,760	94,155	323,055	303,964
2	Profit/(loss) before tax	2,965	7,193	36,089	33,444
3	Profit/(loss) for the period	1,154	6,190	27,230	26,483
4	Profit/(loss) attributable to ordinary equity holders of the parent	38	4,397	20,045	21,376
5	Basic earnings/(loss) per share (Subunit)	0.01	1.63	7.08	7.99
6	Proposed/Declared dividend per share (Subunit)	1.00	0.50	1.50	0.50
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6840		0.6080

icy97

Type	Announcement
Subject	OTHERS
Description	AWC BERHAD ("AWC" OR "THE COMPANY")PROPOSED FINAL DIVIDEND FOR THE FINANCIAL YEAR ENDED 30 JUNE 2019
The Company is pleased to announce that the Board of Directors of AWC has recommended a Final Single-Tier Dividend in respect of the financial year ended 30 June 2019 of 1.0 sen per ordinary share. The proposed dividend is subject to the approval of the shareholders of the Company at the forthcoming Annual General Meeting. The entitlement and payment dates shall be finalised by the Company at a later date and announced in due course. This announcement is dated 27 August 2019.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2019	30 Sep 2018	30 Sep 2019	30 Sep 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	88,789	68,492	88,789	68,492
2	Profit/(loss) before tax	11,967	9,153	11,967	9,153
3	Profit/(loss) for the period	8,911	7,284	8,911	7,284
4	Profit/(loss) attributable to ordinary equity holders of the parent	6,672	6,071	6,672	6,071
5	Basic earnings/(loss) per share (Subunit)	2.28	2.25	2.28	2.25
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6980		0.6770

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2019	31 Dec 2018	31 Dec 2019	31 Dec 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	79,617	85,947	168,406	154,439
2	Profit/(loss) before tax	2,503	11,838	14,470	20,991
3	Profit/(loss) for the period	804	9,283	9,715	16,567
4	Profit/(loss) attributable to ordinary equity holders of the parent	363	7,004	7,035	13,075
5	Basic earnings/(loss) per share (Subunit)	0.12	2.48	2.39	4.74
6	Proposed/Declared dividend per share (Subunit)	0.50	0.00	0.50	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6880		0.6770

icy97

AWC BERHAD

Entitlement subject	First Interim Dividend
Entitlement description	First Interim Single-Tier Dividend of 0.5 sen per ordinary share
Ex-Date	10 Mar 2020
Entitlement date	11 Mar 2020
Entitlement time	5:00 PM
Financial Year End	30 Jun 2020
Period
Share transfer book & register of members will be	to  closed from (both dates inclusive) for the purpose of determining the entitlement
Payment Date	03 Apr 2020
a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers	11 Mar 2020
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Announced Currency	Malaysian Ringgit (MYR)
Disbursed Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	Malaysian Ringgit (MYR) 0.0050

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	AWC BERHAD ("AWC" OR THE "COMPANY")ACQUISITION BY AWC OF 60% EQUITY INTEREST IN TRACKWORK & SUPPLIES SDN BHD FOR A TOTAL PURCHASE CONSIDERATION OF RM43,500,000 ("ACQUISITION")
We refer to the earlier announcements in relation to the Acquisition. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements. On behalf of the Board, RHB Investment Bank wishes to announce that the audited financial statements of Trackwork for the FYE 30 September 2019 which was signed on 10 March 2020 was only released to Trackwork on 13 May 2020 due to the imposition of the Movement Control Order imposed by the Government of Malaysia under the Prevention and Control of Infectious Diseases Act 1988 and the Police Act 1967. Further details of the announcement is set out in the attachment below. This Announcement is dated 18 May 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3051056

Attachments AWC Berhad_Announcement.pdf

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2020	31 Mar 2019	31 Mar 2020	31 Mar 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	71,803	88,857	240,208	243,296
2	Profit/(loss) before tax	6,432	12,131	20,903	33,123
3	Profit/(loss) for the period	5,052	9,507	14,768	26,075
4	Profit/(loss) attributable to ordinary equity holders of the parent	4,063	6,931	11,099	20,007
5	Basic earnings/(loss) per share (Subunit)	1.39	2.37	3.79	7.15
6	Proposed/Declared dividend per share (Subunit)	0.00	0.50	0.50	0.50
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6980		0.6770

icy97

Type	Announcement
Subject	MEMORANDUM OF UNDERSTANDING
Description	AWC BERHAD ("AWC" OR "THE COMPANY")- MEMORANDUM OF UNDERSTANDING ENTERED BETWEEN DD TECHNICHE SDN BHD ("DDT"), A WHOLLY-OWNED SUBSIDIARY OF AWC AND TECHKEM UTILITIES SDN BHD
1.         INTRODUCTION The Board of Directors of AWC wishes to announce that DDT, had on 28 July 2020 entered into a Memorandum of Understanding (“MOU”) with Techkem Utilities Sdn Bhd (“TECHKEM”) (each hereinafter referred to as a “Party”, and collectively “the Parties”) 2.         DETAILS OF THE MOU (a) DDT is a wholly owned subsidiary of AWC, providing services from engineering design, component and equipment supply to installation of rainwater harvesting system for both residential homes and commercial buildings in Malaysia. DDT holds four exclusive dealerships for the distribution of Rainwater Harvesting Components and Products in Malaysia. Some of the iconic landmark projects DDT were involved in includes IKEA Penang, Kuala Lumpur International Airport 2 (klia2), The Astaka in Iskandar Malaysia, Exchange 106 in TRX and the soon to be tallest sky scrapper in Malaysia, the Merdeka PNB 118. (b)  DDT and TECHKEM are collaborating with each other to jointly explore and finance water related project opportunities in Malaysia and the ASEAN region. 3.         INFORMATION ON TECHKEM TECHKEM is a wholly-owned subsidiary of the TECHKEM Group, one of the leading water treatment solution providers in process and specialty chemicals, involved in various projects in multiple industries. With more than 18 years’ experience in engineering, procurement, construction, commissioning (EPCC), operation and maintenance (O&M), design, build, operate & transfer (DBOT) and distribution of specialty chemical products for the water and wastewater market, TECHKEM has completed multiple projects locally and internationally. The Directors and shareholders of TECHKEM are as follows: - Directors & Shareholders No. of shares Nominal Value (MYR) % Ng Kam Meng 900,000 900,000 90.00 Wong Chang Hoa 100,000 100,000 10.00 4.         RATIONALE OF THE MOU The MOU will enable the parties to explore water related project opportunities in Malaysia and the ASEAN region. 5.         DURATION OF THE MOU This MOU shall come into force from the date of execution and is valid for twelve (12) months unless terminated by the Parties. The MOU shall be terminated automatically if: (i) The Parties have made a definitive agreement to implement the purposes and objectives of this MOU; or (ii) the expiration of the term of the MOU, whichever comes first. 6.         EFFECTS OF THE MOU The MOU will not have any effect on the share capital and substantial shareholders’ shareholdings of AWC. The MOU is not expected to have any material immediate effect on the earnings per share, net assets per share and gearing of AWC for the financial year ending 30 June 2021. 7.         DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the directors and/or major shareholders of AWC and/or persons connected with them have any interest, whether directly or indirectly, in the MOU. 8.         DIRECTORS’ STATEMENT The Board of Directors of AWC, having considered all aspect of the MOU, is of the opinion that the MOU is in the best interest of the Company. 9.         DOCUMENT FOR INSPECTION A copy of the MOU will be available for inspection by the shareholders at the registered office of the Company at Third Floor, No. 77, 79 & 81, Jalan SS 21/60, Damansara Utama, 47400 Petaling Jaya, Selangor from 28 July 2020 for a period of three (3) months. The Company will make the necessary announcement on further development of the MOU in due course. This announcement is dated 28 July 2020.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2020	30 Jun 2019	30 Jun 2020	30 Jun 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	74,846	79,760	315,054	323,055
2	Profit/(loss) before tax	-28,069	2,965	-7,166	36,089
3	Profit/(loss) for the period	-30,086	1,154	-15,319	27,230
4	Profit/(loss) attributable to ordinary equity holders of the parent	-29,896	38	-18,798	20,045
5	Basic earnings/(loss) per share (Subunit)	-10.20	0.01	-6.41	7.08
6	Proposed/Declared dividend per share (Subunit)	0.00	1.00	0.50	1.50
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5990		0.6770

icy97

icy97 发表于 20-11-2020 09:08 AM
4.         RATIONALE OF THE MOUThe MOU will enable the parties to explore water related project opportunities in Malaysia and the ASEAN region.
5.         DURATION OF THE MOUThis MOU shall come int ...

Type	Announcement
Subject	OTHERS
Description	AWC BERHAD ("AWC" OR "THE COMPANY")JOINT VENTURE AGREEMENT ENTERED BETWEEN DD TECHNICHE SDN. BHD. ("DDT"), A WHOLLY-OWNED SUBSIDIARY OF AWC WITH TECHKEM UTILITIES SDN BHD AND TECHKEM RESOURCES SDN BHD
1.         INTRODUCTION Reference is made to the announcement of the Company dated 28 July 2020, the Board of Directors of AWC wishes to announce that following the Memorandum of Understanding (MOU) dated 28 July 2020 entered between DDT and Techkem Utilities Sdn Bhd, DDT had on 15 October 2020 entered into a Joint Venture Agreement (“JVA”) with Techkem Utilities Sdn Bhd and Techkem Resources Sdn Bhd (both companies collectively referred to as “TECHKEM”) to establish an unincorporated joint venture. (each hereinafter referred to as a “Party”, and collectively “the Parties”) 2.         DETAILS OF THE JVA (a)   DDT is a wholly owned subsidiary of AWC, providing services from engineering design, component and equipment supply to installation of rainwater harvesting system for both residential homes and commercial buildings in Malaysia. DDT holds four exclusive dealerships for the distribution of Rainwater Harvesting Components and Products in Malaysia. Some of the iconic landmark projects DDT were involved in includes IKEA Penang, Kuala Lumpur International Airport 2 (klia2), The Astaka in Iskandar Malaysia, Exchange 106 in TRX and the soon to be tallest sky scrapper in Malaysia, the Merdeka PNB 118. (b)   The JVA formalises the collaboration between the Parties to jointly explore and undertake water related project opportunities in Malaysia and the ASEAN region. (c)   Each party shall hold an equal 50% stake in the unincorporated joint venture. 3.         INFORMATION ON TECHKEM TECHKEM is a leading water treatment solution provider in process and specialty chemicals, involved in various projects in multiple industries. With more than 18 years’ experience in engineering, procurement, construction, commissioning (EPCC), operation and maintenance (O&M), design, build, operate & transfer (DBOT) and distribution of specialty chemical products for the water and wastewater market, TECHKEM has completed multiple projects locally and internationally. The Directors and shareholders of TECHKEM are as follows: - Directors & Shareholders No. of shares Nominal Value (MYR) % Ng Kam Meng 900,000 900,000 90.00 Wong Chang Hoa 100,000 100,000 10.00 4.         RATIONALE AND PROSPECT FOR THE JOINT VENTURE The rationale of the JVA is to capitalise on the complimentary expertise and resources of the parties to jointly undertake and execute water related projects with a vision of improving the supply of clean water to the people while diversifying and strengthening DDT and TECHKEM’s water infrastructure portfolio. Apart from a stronger water infrastructure portfolio, the parties will be able to strengthen their earnings from successfully securing and executing such projects in the near term. 5.         SOURCE OF FUNDING DDT will undertake to finance its obligations under the JVA via a combination of bank borrowings and/or internally generated funds, the actual mix of which will be determined later. 6.        RISK FACTORS As in any business venture, the JVA is subject to inherent risk in business and industry including but not limited to those associated with changes in the economic, political and regulatory conditions such as changes to government policies and administration, interest rates, taxes and exchange control regulations. In addition, there is no assurance that the anticipated benefits of the JVA will be realised or that the Company will be able to generate sufficient revenues from the JVA to offset the associated costs incurred. Nevertheless, DDT will continue to exercise due care in considering the risks and benefits associated with the JVA and will undertake appropriate measures to mitigate the various business risks identified. 7.        LIABILITIES TO BE ASSUMED There are no liabilities to be assumed by DDT arising from the JVA. 8.        DURATION OF THE JVA This JVA shall come into force from the date of execution and shall remain valid for one (1) year and thereafter automatically renewed on a yearly basis unless any party gives three (3) months’ notice prior to the yearly renewal on the non-renewal of the Agreement or the Parties mutually agree to terminate in writing or terminated under the provisions of the Agreement. 9.         EFFECTS OF THE JVA The JVA will not have any effect on the share capital and substantial shareholders’ shareholdings of AWC. Until projects are successfully secured, the JVA is not expected to have any material effect on the earnings per share, net assets per share and gearing of AWC for the financial year ending 30 June 2021. 10.         APPROVALS The Joint Venture is not subject to approval from the shareholders of the Company or other relevant authorities. 11.       DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the directors and/or major shareholders of AWC and/or persons connected with them have any interest, whether directly or indirectly, in the JVA. 12.       DIRECTORS’ STATEMENT The Board of Directors of AWC, having considered all aspect of the JVA, is of the opinion that the JVA is in the best interest of the Company. 13.       DOCUMENT FOR INSPECTION A copy of the JVA will be available for inspection by the shareholders at the registered office of the Company at Third Floor, No. 77, 79 & 81, Jalan SS 21/60, Damansara Utama, 47400 Petaling Jaya, Selangor from 15 October 2020 for a period of three (3) months. The Company will make the necessary announcement on further development of the JVA in due course. This announcement is dated 15 October 2020.