1. INTRODUCTION

The Board of Directors of the Company is pleased to announce that Enproserve had on 1 April 2026 incorporated two (2) new wholly-owned subsidiaries under the Companies Act 2016 ("the Incorporation"), as follows:-

1. Craneco Heavylift & Equipment Sdn Bhd ("CHESB"); and
2. Enpro Applied Intelligence Sdn Bhd ("EAISB").

referred as to the "New Subsidiaries".

2. INFORMATION ON THE WHOLLY-OWNED SUBSIDIARIES

3. RATIONALE OF THE INCORPORATION

The purpose of the Incorporation is to provide a dedicated entity for the Group's crane and heavy lifting equipment operations, allowing for streamlined asset management and operational oversight, as well as to digitalisation, and IT-related capabilities to support and enhance the Group's existing business operations.

4. FINANCIAL EFFECTS

The Incorporation will not have any material effect on the issued share capital of the Company and the substantial shareholders' shareholding, and is not expected to have any material effect on the earnings per for the financial year ending 31 December 2026.
 

5. 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 Enproserve has any direct or indirect interest in the Incorporation save that Encik Azman Bin Yusof, who is the Group Managing Director of Enproserve, have been appointed as Director of the New Subsidiaries.
 

6. APPROVALS REQUIRED
 

The Incorporation is not subject to the approval of the shareholders of the Company or any other relevant authorities.
 

7. STATEMENT BY DIRECTORS
 

The Board of Directors of the Company, having considered all aspects of the Incorporation, is of the opinion that the Incorporation is in the best interest of the Company.

This announcement is dated 1 April 2026.