The Board of Directors of AME (“Board”) is pleased to announce that AME Construction Sdn Bhd (“AME Construction”), a wholly-owned subsidiary of Amsun Industries Sdn Bhd which in turn is a wholly-owned subsidiary of the Company, has on 22 October 2021 accepted the Letter of Award (“LOA”) from Ye Chiu Non-Ferrous Metal (M) Sdn Bhd for the construction and completion of:

(a)  3 blocks of single-storey factory/ warehouse, 1 unit of 5-storey office block, 1 unit of single-storey logistic office and other ancillary buildings, located at PTD 5357, (PLO 62A), Jalan Rumbia 1A, Kawasan Perindustrian Tanjung Langsat, Mukim Sungai Tiram, Daerah Johor Bahru, Johor Darul Takzim, and

(b)  1 block of single-storey factory/ warehouse together with a 2-storey utility room and a 2-storey mechanical and electrical room, 1 unit of 2-storey office and other ancillary buildings, located at PTD 5353, (PLO 62B), Jalan Teruntum 4, Kawasan Perindustrian Tanjung Langsat, Mukim Sungai Tiram, Daerah Johor Bahru, Johor Darul Takzim,

measuring a total built-up area of approximately 2.55 million square feet, for a contract sum of RM359,000,000.00 (“Project”).

Details of the Project are set out in the attachment below.