The Board of Directors of Cabnet Holdings Berhad ("CHB” or “the Company”) is pleased to announce that the Company’s wholly-owned subsidiary, Cabnet M&E Sdn Bhd (formerly known as CEE M&E ENGINEERING SDN. BHD.) (“CMESB”) had on 17 November 2022 accepted a Letter of Award from Fluor Daniel International (Malaysia) Sdn. Bhd. (Registration No.: 198201014012 (0093775-D)) (“FLUOR”) appointing CMESB as the Contractor for electrical and instrumentation installation for a project located at northern region of Malaysia (“Contract Works”) at the Contract Sum of RM125,500,000.00.

Full details of the announcement are as attached.

This announcement is dated 22 November 2022.