INTRODUCTION

The Board of Directors of FFB is pleased to announce that its subsidiary, Favelle Favco Cranes (M) Sdn Bhd had received the following purchase orders or Letter of Intent ("Contracts") respectively from 29 May 2026 and up to the date of announcement: -

The approximate combined value of the above substantial orders secured amounting to RM504 million. A significant portion of the newly secured orders are driven by customers' investments in AI-related infrastructure. The Company is well positioned to benefit from the continued expansion of AI investments and remains optimistic that this long-term industry trend will continue to generate business opportunities, subject to market conditions.

FINANCIAL EFFECTS

The above Contracts are expected to contribute positively to the earnings and net assets of FFB for the financial year ending 31 December 2026 and beyond. The Contracts do not have any impact on the share capital and shareholding structure of FFB.

DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the above Contracts.

DIRECTORS' STATEMENT

The Board of Directors of FFB is of the opinion that the acceptance of the above Contracts is in the best interest of FFB.

This announcement is dated 2 July 2026.