1. Introduction
The Board of Directors of Uzma Berhad ("Uzma" or "the Company") is pleased to announce that Uzma has on 3 May 2026 entered into a Memorandum of Understanding ("MOU") with Majlis Amanah Rakyat ("MARA") to establish a strategic collaboration in renewable energy, aerospace and defence MRO (Maintenance, Repair and Overhaul), technology, and Bumiputera talent and vendor development.
(Uzma and MARA, shall collectively be referred to as the "Parties")
2. Information on MARA
MARA is a government agency under the Ministry of Rural and Regional Development (KKDW), mandated to drive economic and social development in Malaysia, particularly in rural areas, with focus on entrepreneurship, education, investment and the development of globally competitive human capital, while enhancing Bumiputera equity participation.
3. Salient Terms
The salient terms of the MOU are as follows: -
a) The Parties will explore collaboration in the following areas:
(i) Strategic partnership in the fields of Renewable Energy and Energy Efficiency involving MARA's assets, including the planning, development, implementation, and management of related projects.
(ii) Marine engineering solutions for the oil & gas industry, including vessel design, modification and upgrading, Maintenance, Repair and Overhaul (MRO) services for the aerospace and defence sectors, fabrication works, and industry capability and competency development;
(iii) Development and delivery of academic and executive program through Institusi Pendidikan MARA (IPMA) in Leadership, Artificial Intelligence (AI), Renewable Energy, Internet of Things (IoT) and related fields, including professional certifications and industry-recognized training;
(iv) Human capital development through structured industrial training and apprenticeship programmes in energy, AI and engineering, with emphasis on Technical and Vocational Education and Training (TVET) graduates, focusing on technical and leadership skills;
(v) Development and empowerment of MARA Bumiputera vendors through participation in Uzma Group's value chain, including knowledge transfer and technical capability enhancement;
(vi) Exploration of strategic investment opportunities in new energy, engineering technologies, energy transition and carbon management, aligned with Environment, Social and Governance (ESG) objectives; an
(vi) Any other areas of collaboration as may be mutually agreed upon by the Parties.
b) The MOU shall remain in force for a period of three (3) years, from 3 May 2026, unless extended by mutual agreement of the Parties.
5. Risk Factors
The risk factors involved in the MOU is expected to be minimal. In the event Uzma enters into a definitive agreement with MARA, the Board and the management will exercise due care in considering the associated risks and benefits.
6. Financial Effects
The MOU is not expected to have any immediate material effect on the earnings per share, net assets per share, gearing, share capital, or shareholding structure of the Company for the financial year ending 30 June 2026.
7. 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 Uzma has any direct or indirect interest in the MOU.
8. Directors' Statement
The Board of Directors of the Company, after considering all the relevant factors, is of the opinion that the entering of the MOU is in the best interest of the Company.
This announcement is dated 4 May 2026.