【MHB 5186 交流专区】海事重工

Tony-Pua

Robertwts 发表于 27-6-2020 04:25 PM
最近mhb跌跌不休.. 现在0.385 还可以进场吗

赢了官司，明早hoot9e.................

Tony-Pua

（孟买12日讯）海事重工（MHB，5186，主板能源组）在与EA科技（EATECH,5259,主板交通物流组）的官司中胜出，获赔逾1亿2600万令吉。

海事重工发表文告说，仲裁庭已判决EA科技须赔偿2952万零173美元（约1亿2204万令吉），并承担468万6398令吉仲裁费。

海事重工属下大马海事重工私人有限公司（MMHE）在2018年9月27日遭EA科技要求索赔，主要涉及一项将船舰改装为北马来盆地浮动、储存及装卸设施的合约。

当时双方因一些额外工程而起了争执，尽管2018年6月22日同意和解，却无法就付款达成协议，EA科技决定入禀仲裁庭要求赔偿总共2174万3398美元，海事重工则提出反诉。

icy97

MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD

Date of change	30 Sep 2020
Name	CIK WAN MASHITAH BINTI WAN ABDULLAH SANI
Age	54
Gender	Female
Nationality	Malaysia
Designation	Managing Director
Directorate	Executive
Type of change	Retirement

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Professional Qualification	Accounting	Fellow of the Chartered Association of Certified Accountants, United Kingdom
2	Professional Qualification	Accounting	Member of the Malaysian Institute of Accountants.

Date of change	01 Oct 2020
Name	ENCIK PANDAI OTHMAN
Age	50
Gender	Male
Nationality	Malaysia
Designation	Managing Director
Directorate	Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	Mechanical Engineering	University of Manchaster Institute of Science and Technology, Manchester, England

Working experience and occupation

1. 1994 - 1995 Engineer (Developmental), MLNG Dua Plant Project.2. 1995 - 1996 Project Engineer, LPG Facilities Project. 3. 1996 - 1999 Project Engineer (cum Static/Piping Engineer), MLNG Tiga Plant Project. 4. 1999 (short term assignment) Project Engineer, Centralized Utilities Facilities (CUF) Project, Petronas Gas Berhad (PGB). 5. 1999 - 2003 Senior Project Engineer, MLNG Tiga Plant Project. 6. 2003 - 2005 Senior Project Engineer / Engineering Manager, Egyptian LNG Project. 7. 2005 - 2007 Project Director, PML MegaMethanol Project, PETRONAS Methanol (Labuan) Sdn. Bhd. (PML). 8. 2007-2008 Executive Assistant to the President, President's Office, PETRONAS Kuala Lumpur, Malaysia. 9. 2008 (short term assignment) Shareholders' Representative, Dragon LNG Project, Wales, UK.10. 2008 - 2011 Project Director Downstream, GLNG Project Brisbane, Australia 11. 2011 - 2016 Project Director, PETRONAS LNG Train Project and Chief Executive Officer, PETRONAS LNG 9 Sdn. Bhd. 12. 2016 - 2019 Senior General Manager, Plant Division Malaysia LNG Sdn. Bhd. 13. 2019 - September 2020 Senior General Manager, Integrated Hydrocarbon Management, Malaysia Petroleum Management, PETRONAS.

Type	Announcement
Subject	OTHERS
Description	Change in Boardroom
Malaysia Marine and Heavy Engineering Holdings Berhad ("MHB") wishes to announce the appointment of Encik Pandai Bin Othman to succeed the incumbent, Cik Wan Mashitah Binti Wan Abdullah Sani, as the Managing Director & Chief Executive Officer (“MD&CEO”) of MHB with effect from 1 October 2020. Cik Wan Mashitah has served MHB as MD&CEO since 1 January 2017 and her retirement will take effect on 30 September 2020 as approved by the Board. She shall cease to be a Non-Independent Executive Director of the Board on 30 September 2020 accordingly. Encik Pandai Othman, a Malaysian aged 50 years old, is presently the Senior General Manager, Integrated Hydrocarbon Management, Malaysia Petroleum Management, PETRONAS. He has been working with PETRONAS for more than 25 years, mostly in project management field, with vast experience in engineering, procurement, construction, commissioning and contract management of LNG, petrochemical, utilities and infrastructure projects dealing with multi-national consultants and contractors at various international locations. His vast experience included managing EPC, EPCM, PMC, Alliance contract at various level of management and leading a team of various multinationals. Throughout the years of experience managing projects, particularly in LNG and cryogenic facilities, he has worked closely together with major EPCC Contractors namely Bechtel, Foster Wheeler, JGC, Kellogg, Whessoe, Volker-Stevin, Chiyoda, Saipem and exposed to working on long term assignments at various international locations namely Holland, UK, Japan, US, Egypt, Germany, Australia and Malaysia. After completing the PETRONAS LNG Train 9 Project, he moved on to become the Plant Manager of PETRONAS LNG Complex ("PLC") in Bintulu, Sarawak. PLC consists of nine LNG trains under Malaysia LNG Sdn. Bhd., Malaysia LNG Dua Sdn. Bhd., Malaysia LNG Tiga Sdn. Bhd. and PETRONAS LNG 9 Sdn. Bhd. currently producing up to 30 million ton per annum of LNG as one of the biggest LNG production facilities in the world. This announcement is dated 25 September 2020.

Type	Announcement
Subject	OTHERS
Description	Press release entitled "First Vessel Enters MHBs Newly Built Dry Dock No 3".
Malaysia Marine and Heavy Engineering Holdings Berhad ("MHB") is pleased to attach herewith a press release entitled "First Vessel Enters MHBs Newly Built Dry Dock No 3". This announcement is dated 21 December 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3115444

Attachments MHB Press Release - Dry Dock 3 (December 2020).pdf

Tony-Pua

券商 ：马银行投银研究
投资建议 ：买入
目标价 ：65仙
闭市价 ：43仙（截至2月15日）
每股盈利 ：4.3仙（2021财年估计）
本益比 ：9.9倍（2021财年估计）
股息收益率 ：-





马重船舶工程（MHB，5186，主要板能源）是少数拥有财务实力和应变能力来度过这次衰退周期的石油与天然气公司；马银行投银研究对其估值保持不变，继续看好该股。

该公司2020财年核心收益高于该行普遍预期，去年末季重型工程业务活动高于预期。

其财务在2020年石油危机和新冠肺炎疫情之际仍保持弹性，季度营运现金流仍保持正面（增加了1亿3600万令吉），而净现金水平保持相对稳定。

在石油市场复苏的情况下，该行预计马重船舶工程2021财年盈利将按年增长10%。该行继续看见此股的价值，因仍保持净现金水平，且股价不高，只是净有形资产（NTA）的0.2倍。

Tony-Pua

（吉隆坡11日讯）EA科技（EATECH，5259，主板交通与物流股）与海事重工（MHB，5186，主板能源股）达成和解协议，后者接受2550万美元（1亿500万令吉）的赔偿金。

去年11月，EA科技在仲裁庭败诉，并被勒令向海事重工支付2952万美元（1亿2200万令吉），以及468万6398令吉的成本外加利息。

双方昨天向大马交易所报备，海事重工同意接受EA科技的2550万美元作为浮式储油船（FSO）设施项目最终的和解赔偿，金额比原本的稍低。

双方也同意，在不承担任何责任的情况下，解决彼此之间所发生的争端和分歧。

EA科技是在2015年6月，委任海事重工为主要承包商，将一艘船翻新并改装成浮式储油船（FSO）设施。

海事重工在合约期间，依序发出工作付款通知单据给EA科技，要求后者支付已完成工程的费用。

不过，双方对付款通知和其他工作订单更改上，出现分歧并引发纠纷。

Tony-Pua

EA技术与马重船舶工程（MHB，5186，主要板能源）达成2550万美元（约1亿490万令吉）的和解协议，和解金较仲裁庭宣判的金额低14%。不过，关键是EA技术如何支付这笔款项，因该公司现有现金只有1730万令吉。

Tony-Pua

（吉隆坡21日讯）海事重工（MHB，5186，主板能源股）透露，近期公布获颁的工程、采购、建筑、装置及启动（EPCIC）服务合约，价值约为10亿令吉。

该公司今日向交易所报备，这项合约为期大约40个月，将为SapuraOMV Upstream私人有限公司，在砂拉越岸外SK408W区块Jerun油田建设中央处理平台（CPP）。

文告补充，估计该合约能在工程期内，提振公司盈利和每股净资产表现。

另外，SapuraOMV Upstream也是沙布拉能源（SAPNRG，5218，主板能源股）持股50%的联营公司。

海事重工最初是在上周二（13日）公布这项合约，但当时没有透露合约价值。

周三闭市时，海事重工收报57仙，跌1.5仙或2.56%，成交量120万8900股。

Tony-Pua

Sa6626 发表于 30-5-2020 08:02 AM
5年来   你都没有选择套利 一点   我真的很佩服你的恒心和財力

5186    MHB    MALAYSIA MARINE AND HEAVY ENG Quarterly rpt on consolidated results for the financial period ended 31/03/2021 [tr][/tr] Quarter: 1st Quarter Financial Year End: 31/12/2021 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/03/2021 31/03/2020 31/03/2021 31/03/2020 RM '000 RM '000 RM '000 RM '000 1 Revenue 343,573 346,439 343,573 346,439 2 Profit/Loss Before Tax (104,576) 5,646 (104,576) 5,646 3 Profit/(loss) attributable to ordinary equity holders of the parent (104,352) 6,131 (104,352) 6,131 4 Net Profit/Loss For The Period (104,576) 5,546 (104,576) 5,546 5 Basic Earnings/Loss Per Shares (sen) (6.50) 0.40 (6.50) 0.40 6 Dividend Per Share (sen) 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 (RM) 1.1729 1.2256

LuckyStorm

Tony-Pua 发表于 28-4-2021 09:53 PM
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我也买入了MHB ，明年目标进30大股东

Tony-Pua

（吉隆坡9日讯）马重船舶工程（MHB，5186，主要板能源）宣布，位于巴西古当的船坞MMHE West，已安装屋顶太阳能系统，往后将会以太阳能源营运。



该公司发布文告指出，这个系统由马石油旗下太阳能解决方案品牌M+所安装，服务合约期限长达21年，直到2042年。

马重船舶工程船坞MMHE West安装电力达8.33兆瓦峰值的屋顶太阳能系统，是我国最大的太阳能单一组装。
马重船舶工程船坞MMHE West安装电力达8.33兆瓦峰值的屋顶太阳能系统，是我国最大的太阳能单一组装。
今日的太阳能系统安装完成线上推介礼是由巴西古当市政局市长拿督阿斯曼沙主持；列席者包括马重船舶工程董事经理兼总执行长班台奥曼，及马石油Gas + New Energy执行副总裁兼总执行长阿南再纳阿比丁。

上述协议是于2019年签订的，当时这项太阳能系统刚推介，主要是配合马石油M+的零资本开销营运模式的推行，马重船舶工程则是集团旗下第一家领先参与的公司。

这个电力达8.33兆瓦峰值的屋顶太阳能系统 ，是我国最大的单一组装，预计每年可产生1万兆瓦（MWh）的净能源，如此一来，每年将可减少6286吨的碳排放。

粗略计算，21年的合约将可减少13万2000吨的碳排放，相等于种植了200万棵树。

文告指出，上述系统产生的能源足够供应725家双层排屋一年的电源。

换言之，21年可节省3000万令吉的电费。

班台奥曼指出：“很荣幸可参与马石油的新能源部，如今我们可正式宣布，我们将会使用净干净及可复新资能源营运，及减少碳排放。”

Tony-Pua

（吉隆坡30日讯）归功于亏损拨备亏损减少，海事重工（MHB,5186,主板能源组）截至2021年6月30日止次季净亏收窄，从前期3亿9702万3000令吉，收窄至3438万1000令吉。

首半年净亏也同步从3亿9089万2000收窄至1亿3873万3000令吉。

次季营业额增长94.74%至3亿零244万8000令吉，首6个月营收升28.75%至6亿4602万1000令吉。

该公司在文告中指出，次季亏损拨备从前期的3亿令吉减至790万令吉，这季的亏损拨备主要因疫情，出现在岸外支援船的延长下行。

展望未来，董事部认为，疫情延长与钢铁供应吃紧、需求上升，导致钢铁价格，虽然海事重工业工程显示复苏迹象，因而对未来商机谨慎乐观，疫情旷日持久与边境未开势继续冲击海事业。

“外国客户势将选择已放松边防的国家，这将形成严峻挑战。”

该集团将继续努力替换订单，在竞标上保持竞争力，同时优化成本，安全执行计划与交货。

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2021

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2021	30 Sep 2020	30 Sep 2021	30 Sep 2020
		$$'000	$$'000	$$'000	$$'000

1	Revenue	389,286	369,459	1,035,307	871,206
2	Profit/(loss) before tax	-23,596	2,520	-165,436	-392,072
3	Profit/(loss) for the period	-23,596	2,420	-165,436	-392,373
4	Profit/(loss) attributable to ordinary equity holders of the parent	-23,879	2,644	-162,612	-388,248
5	Basic earnings/(loss) per share (Subunit)	-1.50	0.20	-10.20	-24.30
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 ($$)	1.1336		1.2256

Tony-Pua

（吉隆坡11日讯）海事重工（MHB,5186,主板能源组）获得砂拉越蚬壳公司的工程、采购与建设（EPC）订单，为Rosmari-Marjoni天然气计划提供一揽子服务。

该公司文告说，独资子公司海事重工有限公司获得的上述订单，包括在砂拉越岸外建油气台、桩式导管架设施等。然后，安装于民都鲁岸外的140公尺水深中。

未命名的油气平台，将以再生能源的太阳能供电，设计使用达20年，从2026年起开始供应8亿标准立方英尺单位天然气至民都鲁国油液化天然气大厦。

Rosmari-Marjoni天然气计划目前由砂拉越蚬壳公司和国油探勘公司联合营运。

海事重工董事经理兼首席执行员班戴奥斯曼，对获得上述订单表示欣慰，这是信任与委托，不仅是增添订单，更彰显与砂拉越蚬壳公司强稳而恒远之关系。

上述订单的颁发，也意味疫情期间停顿的油气计划，获得再激活起来。

icy97

Type	Announcement
Subject	OTHERS
Description	EPC Contract for the Solar Powered Offshore Platform, Rosmari-Marjoram Project, from Sarawak Shell Berhad
1. Introduction The Board of Directors of MHB wishes to announce that its wholly owned and major subsidiary, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), has received a Letter of Award dated 21 September 2022 from Sarawak Shell Berhad (SSB) to undertake the engineering, procurement and construction (EPC) services of wellhead platform for the Rosmari-Marjoram gas project, off the coast of Sarawak, offshore Malaysia (“Contract”). 2. Salient Terms The Contract is to undertake the construction of a wellhead platform, a topside, and  a 4-legged jacket at the value of approximately less than half a billion ringgit. The duration of the Contract is approximately 19 months. 3. Financial Effect The Contract will not have any effect on the share capital and shareholding structure of MHB. The Contract, however, is expected to contribute positively to the earnings and net assets per share of MHB for the financial years ending 31 December 2023 onwards until the expiry of the Contract. 4. Risks Risk factors affecting the Contract include execution risks, weather conditions and/or political, economic as well as operational and commercial impacts of COVID-19. Notwithstanding the risk factors, MMHE has established a successful track record in undertaking similar projects. 5. Director’s and Major Shareholders’ Interest None of the directors or major shareholders of MHB or persons connected to them has any interest, direct or indirect, in the Contract. 6. Directors’ Statement The Board of Directors of MHB, after considering all the aspects of the Contract, is of the opinion that the acceptance of the Contract is in the best interests of MHB. This announcement is dated 11 October 2022.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3298257

Attachments MHB Press Release - EPC Contract for Rosmari-Marjoram Project from Sarawak Shell Berhad.pdf

Tony-Pua

分析：达证券

目标价：46仙

最新进展

海事重工（MHB，5186，主板能源股）获砂拉越蚬壳公司（Sarawak Shell）颁发合约，负责为砂拉越岸外的Rosmari-Marjoram天然气项目平台，提供工程、采购和建造 (EPC) 服务。

虽然没注明确切的合约价值，不过该公司表示，此次合约将提供不到10亿令吉的井口平台、上部平台和四腿导管架的建设，服务期19个月。

海事重工
行家建议

我们估计，上述合约的总值约低于5亿令吉，为期19个月。

据管理层称，该项目符合其提供清洁能源解决方案的承诺，是通过利用再生能源为平台提供动力。

我们对海事重工获得这项大型合约持积极态度，将使公司本财年赢得的新合约达5亿2200万令吉，符合我们8亿令吉新订单的预测。

假设上述合约价值为5亿令吉，净赚幅0.5%，这意味着对公司2022至2024财年利润贡献，分别为40万、250万和100万令吉，相当于我们这些财年预测2%、8%和3%。

包括上述合约，海事重工现有订单预计达18亿令吉，料可为重工业务带来1年半的盈利展望。

我们认为，Rosmari-Marjoram天然气项目的最终投资决定，符合油气公司加速资本支出的趋势，而这得益于自今年初起就具韧性且不断上涨的油价走势。

综上所述，我们维持“买入”的评级和46仙的目标价，相当于下财年每股账面值0.4倍。

海事重工股价走势12/10/22

icy97

MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD

Date of change	16 Oct 2023
Name	ENCIK MOHAMMAD SUHAIMI BIN MOHD YASIN
Age	63
Gender	Male
Nationality	Malaysia
Designation	Chairman
Directorate	Independent and Non Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Masters	Business Administration	Saint Louis University, USA
2	Degree	Science (Accounting)	Indiana State University, USA
3	Diploma	Accountancy	Mara Institute of Technology, Malaysia

Working experience and occupation

Present Appointments- Independent Non-Executive Director, MISC Berhad- Member, Board Sustainability and Risk Committee, MISC Berhad- Advisor, SC Tubular Solutions Malaysia Sdn. Bhd. Past Experience- Independent Non-Executive Director, Alam Maritim Resources Berhad- Chairman, Risk Management Committee, Alam Maritim Resources Berhad        - Member, Audit Committee, Alam Maritim Resources Berhad- Member, Nomination and Remuneration Committee, Alam Maritim Resources Berhad- Senior General Manager, Project Procurement Management Department, Technology & Engineering Division, PETRONAS.- Senior General Manager, Corporate Services, PETRONAS Carigali Sdn. Bhd.- Senior General Manager, Group Supply Chain Management Department, PETRONAS.- Senior General Manager, Group Tenders & Contracts Division, PETRONAS.- General Manager, Commercial Division, Malaysia LNG Sdn. Bhd.- Managing Director/CEO, MITCO Japan Sdn. Bhd. & PETRONAS Country Manager, Yokohama, Japan.- Executive Assistant to President, PETRONAS.- Deputy General Manager, Commercial, Malaysia LNG Tiga Sdn. Bhd.- Senior Manager, Marketing Department, Malaysia LNG Tiga Sdn. Bhd.- Manager, Finance & Services, Malaysia LNG Dua Sdn. Bhd.- Project Accountant, PETRONAS LNG Dua Project.- Accounts Officer, Binaraya PKINK Sdn. Bhd.

Directorships in public companies and listed issuers (if any)

1. MISC Berhad2. Malaysia Marine and Heavy Engineering Holdings Berhad

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2024	30 Jun 2023	30 Jun 2024	30 Jun 2023
		$$'000	$$'000	$$'000	$$'000

1	Revenue	900,025	1,056,314	1,884,494	1,552,539
2	Profit/(loss) before tax	74,369	-388,681	85,280	-385,144
3	Profit/(loss) for the period	73,970	-388,683	84,393	-385,146
4	Profit/(loss) attributable to ordinary equity holders of the parent	73,917	-388,698	84,340	-385,161
5	Basic earnings/(loss) per share (Subunit)	4.60	-24.30	5.30	-24.10
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 ($$)	0.8438		0.7916

icy97

Type	Announcement
Subject	MEMORANDUM OF UNDERSTANDING
Description	MEMORANDUM OF UNDERSTANDING BETWEEN MALAYSIA MARINE AND HEAVY ENGINEERING SDN BHD AND HD HYUNDAI MARINE SOLUTION CO., LTD TO ACCELERATE MARITIME DECARBONISATION EFFORTS
1. Introduction The Board of Directors of Malaysia Marine and Heavy Engineering Holdings Berhad (“MHB” or “the Company”) wishes to announce that Malaysia Marine and Heavy Engineering Sdn Bhd (“MMHE”), a wholly owned and major subsidiary of the Company, had on 26 July 2024 entered into a Memorandum of Understanding (“MoU”) with HD Hyundai Marine Solution Co., Ltd (“HD HMS”), to establish a partnership focusing on marketing and delivering green retrofit solutions, enhancing vessel energy efficiency, and reducing environmental impact. The consent from the relevant HD HMS, for MHB to release the information on the MoU to Bursa Malaysia Securities Berhad was obtained on 2 September 2024. 2. Salient Terms The salient terms of the MoU are as follows: - (a) MMHE will be HD HMS’ strategic partner for Green Retrofit solutions installation within the regional territory in Southern Asia; and (b) the MoU shall remain valid and effective for two (2) years from the execution date with the option to extend for another two (2) years subject to written mutual agreement of both Parties. 3. Risk Factors The risk factors involved in the MoU are expected to be minimal. MMHE has considered the risks and developed mitigation plans to ensure the successful execution of the MoU. 4. Financial Effects The MoU is not expected to have any material effect on the earnings per share, net assets per share, gearing, share capital and shareholding structure of the Company for the financial year ending 31 December 2024. 5.  Director's and Major Shareholders' Interests None of the Directors and/or major shareholders and/or persons connected with the Directors and/or major shareholders of MHB has any direct or indirect interest in the MoU. 6. Directors' Statement The Board of Directors, upon considering all the relevant aspects of the MoU, is of the opinion that entering the MoU is in the best interest of the Company. This announcement is dated 3 September 2024.

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Type	Announcement
Subject	MEMORANDUM OF UNDERSTANDING
Description	UPDATE ON THE STATUS OF MEMORANDUM OF UNDERSTANDING (MOU) BETWEEN MALAYSIA MARINE AND HEAVY ENGINEERING SDN BHD AND UZMA ENGINEERING SDN BHD TO EXPLORE POTENTIAL COLLABORATIONS, DEVELOP INNOVATIVE SOLUTIONS AND PROVIDE COMPREHENSIVE SERVICES IN THE OIL AND GAS INDUSTRY
Reference is made to the Malaysia Marine and Heavy Engineering Holdings Berhad’s (“MHB” or “the Company”) announcement made on 3 July 2023 pertaining to the MOU between Malaysia Marine and Heavy Engineering Sdn Bhd (“MMHE”) and Uzma Engineering Sdn Bhd (“UESB”). 1. Introduction The Board of Directors of MHB wishes to announce that MMHE, its wholly owned and major subsidiary of the Company, and UESB, a wholly-owned subsidiary of Uzma Berhad, had on 14 August 2024 entered into a Sub-Contract Agreement (“the Contract”) for the provision of Refurbishment, Life Extension and Conversion of a Mobile Offshore Drilling Unit (MODU), into a Mobile Water Injection Facility (WIF). (MMHE and UESB are collectively referred to as “Parties” and individually referred to as “Party”). The consent from UESB for MHB to release the information on the Contract to Bursa Malaysia Securities Berhad was obtained on 1 October 2024. 2. Salient Terms of the Contract The salient terms of the Contract are as follows: - (a) MMHE shall perform the work including all deliverables related to fabrication engineering, demolition, repair life extension and conversion of the MODU including all related general services (“Work”); (b) The estimated Contract price is approximately Ringgit Malaysia Forty-Three Million Only (RM43 million); (c) The Work shall be completed following the schedule that has been agreed between the Parties and upon the issuance of the Statement of Completion by MMHE which will then be followed by a Completion Certificate by UESB; and (d) The completion of the Work is expected within the first quarter of 2025. 3. Risk Factors The success of the Contract might be affected by various risk factors including execution risks, weather conditions, any operational and commercial impacts that may result from political and economic uncertainties at both local and global levels, as well as the impact of pandemics or other endemic diseases. MMHE has considered the risks and developed mitigation plans to ensure the successful execution of the Contract. 4. Financial Effects Barring any unforeseen circumstances, the Contract is not expected to have any material effect on the earnings per share, net assets per share, gearing, share capital and shareholding structure of the Company for the financial year ending 31 December 2024. 5. Directors’ and Major Shareholders’ Interests None of the Directors and/or major shareholders and/or persons connected with the Directors and/or major shareholders of MHB has any direct or indirect interest in the Contract. 6. Directors’ Statement The Board of Directors, upon considering all the relevant aspects of the Contract, is of the opinion that entering the Contract is in the best interest of the Company. This announcement is dated 1 October 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3488275

Attachments Joint Press_Release_on_Uzma MHB.pdf