1. INTRODUCTION

The Board of Directors of TSR Capital Berhad (“TSR Capital” or “the Company”) wishes to announce that its wholly-owned subsidiary, TSR Bina Sdn. Bhd. (“TSR Bina”), has accepted a Letter of Award from Sime Darby Property (Bukit Raja) Sdn Bhd for the proposed construction and completion of main infrastructure works and ancillary works at Bandar Bukit Raja Stage 3, Mukim Kapar, Daerah Klang, Selangor Darul Ehsan for a contract sum of RM48 million (“the Contract”).

2. DETAILS OF THE CONTRACT

The Contract comprises the supply and delivery of materials and construction work services. The scope of works under the Contract includes road and drainage works, sewerage works, water reticulation works and other ancillary works. The Contract is expected to be completed by the second quarter of 2027.

3. FINANCIAL EFFECTS

Barring any unforeseen circumstances, the Board of Directors of TSR Capital is of the opinion that the Contract is expected to contribute positively to the earnings and net assets of the Group for the financial years ending 30 June 2026, and over the duration of the Contract.

4. RISK FACTORS

The Board does not foresee any exceptional risk factors other than the normal operational and project risks associated with construction contracts, which will be mitigated through the Group’s established risk management and internal control processes.

5. CONTRACT RENEWAL STATUS

The Contract is not subject to renewal.

6. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS

None of the Directors or major shareholders of TSR Capital or persons connected to them have any direct or indirect interest in the Contract.

7. DIRECTORS’ STATEMENT

The Board of Directors of TSR Capital, having considered all relevant factors, is of the opinion that the acceptance of the Contract is in the best interest of the Company and its shareholders.

8. APPROVALS REQUIRED

The Contract is not subject to the approval of the shareholders of TSR Capital or any relevant regulatory authorities.

This announcement is dated 17 December 2025.