(1) INTRODUCTION
The Board of Directors of AWC wishes to announce that the Company, had on 26 January 2026 entered into a Memorandum of Understanding (“MOU”) with TwinMatrix Technologies Pte. Ltd. (“TwinMatrix”).
(each hereinafter referred to as a “Party”, and collectively “the Parties”)
(2) DETAILS OF THE MOU
(a) AWC is an investment holding company with subsidiaries involved in Engineering Services.
(b) The parties are collaborating with each other to explore opportunities on advancing digital innovation across AWC’s facilities and infrastructure operations.
(3) INFORMATION ON TWINMATRIX
TwinMatrix is a Singapore-based technology company specialising in spatial digital twin and spatial Artificial Intelligence (“AI”) solutions that help organisation bridge the physical and digital worlds.
(4) RATIONALE OF THE MOU
The MOU establishes a non-binding framework for collaboration, subject to strategic alignment, pilot project outcomes and the execution of future definitive agreements. Through this partnership, both Parties aim to explore selected digital transformation initiatives and modernise operations using data-driven and AI-enabled systems.
(5) DURATION OF THE MOU
This MOU shall come into force from the date of signature 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 come 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 2026.
(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) DOCUMENT FOR INSPECTION
A copy of the MOU will be available for inspection by the shareholders at the registered office of the Company on the Third Floor, No. 77, 79 & 81, Jalan SS 21/60, Damansara Utama, 47400 Petaling Jaya, Selangor from 26 January 2026 for a period of three (3) months.
Please refer to the attachment for the Press Release in relation to the MOU.
The Company will make the necessary announcement on further development of the MOU in due course.
This announcement is made on 26 January 2026.