1. INTRODUCTION

The Board of Directors of AWC wishes to announce that its wholly-owned subsidiary, Qudotech Sdn Bhd ("Qudotech"), has on 7 April 2026 signed and accepted a Letter of Acceptance ("LOA") from a joint venture contractor (the "Awarder") for the execution and completion of plumbing, silo tank and internal sanitary works ("Subcontract Works") in relation to a data centre project ("Project").

2. INFORMATION ON THE AWARDER

The Awarder is a joint venture established in Malaysia between two (2) companies incorporated in Malaysia, both of which are private companies limited by shares and principally engaged in civil engineering, construction and project management, including the development of large-scale infrastructure and specialised facilities.

The identity of the Awarder and certain details of the contract are not disclosed in this announcement due to confidentiality and non-disclosure obligations arising from agreements entered into in relation to the Project, including restrictions imposed by the project owner and parties involved in the main contracting structure.

3. SALIENT TERMS OF THE LOA

The salient terms of the LOA are as follows:

(a) Subcontract Value        : RM22,180,000.00.

(b) Scope of Works            : Plumbing, silo tank and internal sanitary works for the Project;

(c) Commencement Date  : 9 January 2026; and

(d) Completion Date          : 27 December 2026.

4. FINANCIAL EFFECTS

The LOA is expected to contribute positively to the earnings and net assets of AWC Group for the financial year ending 30 June 2026 and throughout the duration of the Subcontract Works and is in line with the Group's strategy to expand its presence in high-tech and mission-critical infrastructure projects.

5. RISK FACTORS

The Group does not foresee any exceptional risks other than the normal operational risks associated with the Subcontract Works, including execution, cost and schedule risks, which will be managed in accordance with the Group's established project management and risk mitigation practices.

6. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors and/or major shareholders of AWC and/or persons connected with them have any interest, direct or indirect, in the LOA.

7. STATEMENT BY DIRECTORS

The Board of Directors of AWC is of the opinion that the acceptance of the LOA is in the best interest of the Company.

This announcement is dated 7 April 2026.