The Board of Directors of Pansar Berhad (“Pansar”) is pleased to announce that Perbena Emas Sdn Bhd, a wholly-owned subsidiary of Pansar has received a Letter of Acceptance today from Jabatan Kerja Raya Sarawak for the design and build of the Proposed Serian-Gedong-Samarahan Dual Carriageway Highway (Package 1: Simpang Rayang/Munggu Kopi/Tanah Puteh/Sebemban to Gedong District) for Section 2: Upgrading Proposed Road from Simpang Gedong Isthmus to Simpang Lubok Teranggas (“the Project”), through tender with a contract value of Ringgit Malaysia Two Hundred Sixteen Million Nine Hundred Ninety-Eight Thousand One Hundred Twenty-Two And Cents Thirty Only (RM216,998,122.30).

The Project involves the design and construction for the upgrading of approximately 4.0 km of the existing JKR R3 road from the Jalan Lubok Teranggas to Kampung Gedong (currently a 2-lane single carriageway) into a JKR R5 4-lane dual carriageway. The scope also includes the construction of a new connecting road to Package 1 (Simpang Rayang/Munggu Kopi/Tanah Puteh/Sebemban to Gedong District - Section 1B), as well as the provision of an Autonomous Rail Transit (ART) reserve within the median, bridge works, bicycle tracks, utility corridors, a new roundabout, and the installation of road lighting, traffic lights, road furniture, signage, and drainage systems.

The contract period is thirty-six (36) months and the Project is scheduled to commence in September 2025.  The contract is expected to contribute positively to the earnings and net assets of the Group as the Project progresses during the contract period.

None of the directors and/or major shareholders of Pansar or persons connected to them have any interest, direct or indirect, in the above contract.

This announcement is dated 10 September 2025.