【NESTCON 0235 交流专区】

icy97

Type	Announcement
Subject	OTHERS
Description	NESTCON BERHAD ("NESTCON" OR "THE COMPANY") - LETTER OF AWARD FROM ALAM CASANA SDN. BHD. TO NESTCON INFRA SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
1. INTRODUCTION The Board of Directors of Nestcon (“the Board”) wishes to announce that Nestcon Infra Sdn. Bhd. (“NISB”), a wholly-owned subsidiary of the Company, had on 24 March 2025 accepted the letter of award dated 21 March 2025 (“LOA”) from Alam Casana Sdn. Bhd. (“ACSB”) in respect of the earthworks on Lot 863/864, partial of Lot 602 and Lot 610, covering an area of 242 acres at Mukim Kerling, Hulu Selangor, Selangor Darul Ehsan (“the Works”). This prestigious project is part of the first-phase development within the 800-acre Beringin High-Tech Auto Valley ecosystem, anchored by the 200-acre Chery Smart Auto Industrial Park in Lembah Beringin. The development aims to create an integrated automotive township that attracts talent, investment, and innovation, positioning Hulu Selangor as a regional hub for world-class automotive manufacturing and cutting-edge technologies. 2. INFORMATION ON NISB NISB was incorporated in Malaysia as a private company limited by shares having its registered address at No. D-09-02, Level 9, EXSIM Tower, Millerz Square @ Old Klang Road, Megan Legasi, No. 357, Jalan Kelang Lama, 58000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur. The nature of business of NISB is principally involved in investment holding, construction works and transportation. 3. INFORMATION ON ACSB ACSB was incorporated in Malaysia as a private company limited by shares having its registered address at Suite 9, Directbiz Avenue, No. 38B-2, Jalan Radin Anum, Bandar Baru Seri Petaling, 57000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur. The nature of business of ACSB is principally involved in investment holding and real estate activities 4. DETAILS OF THE LOA (a) The contract sum for the Works is RM100,000,000.00 (Ringgit Malaysia: One Hundred Million Only). (b) The commencement date shall be 3 April 2025. (c) The completion date shall be 2 July 2026 or within such extended date of the conditions of contract provides. (d) The defect liability period shall be twenty-four (24) months from the date of Certificate of Practical Completion. (e) NISB shall carry the Works in accordance with the other supplementary terms and conditions set out in the LOA. 5. FINANCIAL EFFECTS The acceptance of the LOA by NISB to undertake the Works is expected to contribute positively to the net assets per share, earnings per share and gearing of the Company throughout the duration of the Works. 6. RISK FACTORS The Company does not foresee any exceptional risk other than the normal operational risks associated with the LOA and/or the Works. Nevertheless, the Company will take the necessary steps to mitigate the risks as and when they occur. 7. APPROVAL REQUIRED The acceptance of the LOA is not subject to the approval from the Company’s shareholders and/or any regulatory authorities. 8. DIRECTORS’ AND MAJOR SHAREHOLDERS’ AND/OR PERSONS CONNECTED WITH A DIRECTOR OR MAJOR SHAREHOLDER’S INTERESTS None of the Directors and/or major shareholders of Nestcon or persons connected with them has any interests, direct or indirect, in the LOA and/or the Works. 9. STATEMENT BY THE BOARD OF DIRECTORS The Board, after having considered all aspects of the LOA and the Works, is of the opinion that the LOA and the Works are within the ordinary course of business of Nestcon and the acceptance of the LOA is in the best interest of the Company. This announcement is dated 24 March 2025.

icy97

Type	Announcement
Subject	OTHERS
Description	NESTCON BERHAD ("NESTCON" OR "THE COMPANY") - LETTER OF AWARD FROM PARAMOUNT PROPERTY (CITYVIEW) SDN. BHD. TO NESTCON BUILDERS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
1. INTRODUCTION The Board of Directors of Nestcon (“the Board”) wishes to announce that Nestcon Builders Sdn. Bhd. (“NBSB”), a wholly-owned subsidiary of the Company, had on 26 March 2025 accepted the letter of award dated 24 March 2025 (“LOA”) from Paramount Property (Cityview) Sdn. Bhd. (“PPSB”) in respect of the construction of  one (1) block of 49-storey and one (1) block of 7-storey condominiums on Lot 263, Seksyen 89A, Jalan Ampang Hilir, Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur (“the Contract Works”). 2. INFORMATION ON NBSB NBSB was incorporated in Malaysia as a private company limited by shares having its registered address at No. D-09-02, Level 9, EXSIM Tower, Millerz Square @Old Klang Road, Megan Legasi, No. 357, Jalan Kelang Lama, 58000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur. The nature of business of NBSB is principally involved in construction works. 3. INFORMATION ON PPSB PPSB was incorporated in Malaysia as a private company limited by shares having its registered address at Level 12, Tower B, Pusat Perdagangan Dataran Atwater, Jalan Profesor Diraja Ungku Aziz, 46200 Petaling Jaya, Selangor. The nature of business of PPSB is principally involved in residential buildings. 4. DETAILS OF THE LOA (a) The contract sum for the Contract Works is RM228,300,000.00 (Ringgit Malaysia: Two Hundred Twenty-Eight Million and Three Hundred Thousand Only). (b) The date of commencement shall be 29 April 2025. (c) The overall completion for the Contract Works shall be thirty-seven (37) months and the completion date shall be 28 May 2028 or within such extended date of the conditions of contract provides. (d) The defect liability period shall be twenty-seven (27) months from the date of Certificate of Practical Completion of the Contract Works. (e) NBSB shall carry the Contract Works in accordance with the other supplementary terms and conditions set out in the LOA. 5. FINANCIAL EFFECTS The acceptance of the LOA by NBSB to undertake the Contract Works is expected to contribute positively to the net assets per share, earnings per share and gearing of the Company throughout the duration of the Contract Works. 6. RISK FACTORS The Company does not foresee any exceptional risk other than the normal operational risks associated with the LOA and/or the Contract Works. Nevertheless, the Company will take the necessary steps to mitigate the risks as and when they occur. 7. APPROVAL REQUIRED The acceptance of the LOA is not subject to the approval from the Company’s shareholders and/or any regulatory authorities. 8. DIRECTORS’ AND MAJOR SHAREHOLDERS’ AND/OR PERSONS CONNECTED WITH A DIRECTOR OR MAJOR SHAREHOLDER’S INTERESTS None of the Directors and/or major shareholders of Nestcon or persons connected with them has any interests, direct or indirect, in the LOA and/or the Contract Works. 9. STATEMENT BY THE BOARD OF DIRECTORS The Board, after having considered all aspects of the LOA and the Contract Works, is of the opinion that the LOA and the Contract Works are within the ordinary course of business of Nestcon and the acceptance of the LOA is in the best interest of the Company.