Introduction

The Board of Directors of Advancecon is pleased to announce that Advancecon Infra Sdn. Bhd. ("AISB"), a wholly-owned subsidiary of the Company had on 10 July 2026 accepted the Letter of Award ("LOA") from a customer, being the contractor appointed for the project, who subsequently appointed AISB as the sub-contractor to undertake the construction and completion of earthworks and associated works for the Off River Storage (ORS) under the proposed Water Supply Scheme Development with a production capacity of 65 million litres per day for a data centre at Lot 21248, Mukim Linggi, Port Dickson, Negeri Sembilan, for the total Sub-Contract sum of RM121,658,202.94 ("the Sub-Contract"). The Sub-Contract will be completed within thirty (30) months from the date of written instruction for physical works and mobilisation.

AISB is principally involved in the business of providing earthworks and civil engineering services and sales of construction materials.

Information of Customer

The customer is a company with over 30 years of experience in the construction industry. The customer has undertaken various major infrastructure and construction projects in Malaysia.

Among projects undertaken by the customer are as follows: -

• PKNS Cyber Valley
• Raw Water Pipeline contract in Rasau RWTP
• Involvement in MRT Line 2 finishing works at Cyberjaya

Risk Factors

There are no foreseeable significant risks other than operational risk associated with the Sub-Contract during the contract period.

Financial Effects

Barring any unforeseen circumstances, the Sub-Contract is expected to contribute positively towards the future earnings of Advancecon Group for the duration of the Sub-Contract and will not have any effect on the share capital and substantial shareholders' shareholdings of Advancecon Group.

The Group intends to fund the Sub-Contract via internally generated funds and/ or external borrowings.

Directors' and Substantial Shareholders' Interest

None of the Directors and/or substantial shareholders and/or any person connected to them has any interest, either direct or indirect in the Sub-Contract.

Directors' Statement

The Board of Directors, after due consideration, is of the opinion that the Sub-Contract is in the best interest of the Group. The Sub-Contract is being entered into in the ordinary course of business and is not subject to shareholders' approval.

This announcement is dated 10 July 2026.