Reference is made to the announcement dated 20 November 2023. 

1. Introduction 

Mesiniaga Berhad (“Company”) is pleased to announce that on 14 October 2025, it signed and accepted a Letter of Award from the Royal Malaysian Customs Department (“RMCD”) (“Customer”) for the Contract Extension in relation to the Provision of the MYGST System Maintenance Services and License Renewal.

2. The Contract value 

The value of the Contract Extension is RM17,859,846.60 (Ringgit Malaysia: Seventeen Million Eight Hundred Fifty Nine Thousand Eight Hundred Forty Six and Sixty Sen) inclusive of the Government Sales and Service Tax (SST). 

3. Duration of the Contract 

The Contract Extension is for 12 months effective from 16 October 2025 and to be completed by 15 October 2026. There is no automatic renewal clause in the Contract. 

4. Risks in relation to the Contract 

The risks relate mainly to meeting the service level commitments and deadlines imposed by the Customer. The Company has taken the necessary steps to mitigate the risks. 

5. Directors and substantial shareholders’ interest 

None of the directors, substantial shareholders or any person connected to the directors or substantial shareholders of the Company has any interest, either directly or indirectly, in the said Contract. 

6. Statement of directors 

The Board of Directors of the Company is of the opinion that the said Contract is in the ordinary course of business and is in the best interest of the Company. 

7. Financial effects

The Contract Extension will not affect the share capital and substantial shareholders’ shareholdings of the Company. However, it is expected to contribute positively to the Group’s earnings and net assets for the financial year ending 31 December 2025 onwards until the completion of the Contract. 

This announcement is dated 14 October 2025.