【SASBADI 5252 交流专区】文语控股

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Nov 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Nov 2019	30 Nov 2018	30 Nov 2019	30 Nov 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	27,745	30,508	27,745	30,508
2	Profit/(loss) before tax	5,877	6,633	5,877	6,633
3	Profit/(loss) for the period	4,021	4,382	4,021	4,382
4	Profit/(loss) attributable to ordinary equity holders of the parent	4,021	4,382	4,021	4,382
5	Basic earnings/(loss) per share (Subunit)	0.96	1.05	0.96	1.05
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.3800		0.3700

icy97

Type	Announcement
Subject	OTHERS
Description	SASBADI HOLDINGS BERHAD ("SASBADI HOLDINGS" OR "COMPANY")LETTERS OF ACCEPTANCE FROM THE MINISTRY OF EDUCATION MALAYSIA ("MoE")
1.   Introduction The Board of Directors of Sasbadi Holdings is pleased to announce that, the Company’s wholly-owned subsidiary, Sasbadi Sdn Bhd (“SSB”), has today signed and accepted 2 Letters of Acceptance from the MoE to publish, print and supply elective technical subject textbooks for Pengajian Kejuruteraan Mekanikal Tingkatan 5 and Pengajian Kejuruteraan Elektrik Tingkatan 5 at an estimated contract value of RM349,650.00 and RM294,000.00 respectively (“Contracts”). The period of Contracts is from 3 February 2020 to 2 February 2021. 2.   Financial Effects SSB is expected to deliver these Contracts in the first quarter of the financial year ending 31 August 2021. In this regard, these Contracts are expected to contribute positively to the earnings and net assets of the Sasbadi Holdings Group for the financial year ending 31 August 2021 and onwards, during the duration of these Contracts. 3.   Risk Factors The Company does not foresee any exceptional risk other than the normal operational risks associated with these Contracts. The Company will take the necessary steps to mitigate the risks as when they occur. 4.   Directors’ and/or Major Shareholders’ Interest None of the Directors and/or major shareholders of Sasbadi Holdings or persons connected with them has any interest, whether direct or indirect, in these Contracts. 5.   Directors’ Statement The Board of Directors of Sasbadi Holdings is of the opinion that these Contracts are in the ordinary course of business and in the best interest of the Company. This announcement is dated 5 February 2020.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 29 Feb 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		29 Feb 2020	28 Feb 2019	29 Feb 2020	28 Feb 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	22,961	24,327	50,706	54,835
2	Profit/(loss) before tax	3,045	4,919	8,922	11,552
3	Profit/(loss) for the period	2,002	3,629	6,023	8,011
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,002	3,629	6,023	8,011
5	Basic earnings/(loss) per share (Subunit)	0.48	0.87	1.44	1.91
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.3900		0.3700

pts2222

（吉隆坡30日讯）教材出版商文语控股（Sasbadi Holdings Bhd）计划与中国华为（Huawei）合作，通过后者的云人工智能技术开发电子学习产品，并实现联合机会。

文语控股今日向大马交易所报备，已与华为签署了一项合作备忘录，其中包括通过华为云市场在大马和东南亚共同推广文语控股的电子学习产品。

该备忘录的有效期为两年。

该集团补充：“通过与华为的合作活动，该备忘录预计在截至8月杪2020财政年起为集团盈利和净资产作出贡献。”

该集团还说，合作活动的费用将由双方根据具体情况和可用资金共同商定。

闭市时，文语控股平盘收于11.5仙，共32万71000股易手，市值报4820万令吉。

pts2222

https://www.theedgemarkets.com/a ... D%E4%B8%8A%E6%B6%A8

icy97

Type	Announcement
Subject	OTHERS
Description	SASBADI HOLDINGS BERHAD ("SASBADI HOLDINGS" OR "COMPANY")LETTERS OF ACCEPTANCE FROM THE MINISTRY OF EDUCATION MALAYSIA ("MoE")
1.   Introduction The Board of Directors of Sasbadi Holdings is pleased to announce that, the Company’s wholly-owned subsidiary, Sasbadi Sdn Bhd (“SSB”), has today signed and accepted 2 Letters of Acceptance from the MoE for the following: (i)    to publish, translate, print and supply the textbook for the subject Sains Tingkatan 5 dan Science Form 5 at an estimated contract value of RM3,343,080.00 (“Science Textbook Contract”); and (ii)   to publish, print and supply the textbook package for the subject Pendidikan Seni Visual Tahun 5 SJKC at an estimated contract value of RM561,680.00 (“Visual Arts Textbook Contract”). Both the Science Textbook Contract and the Visual Arts Textbook Contract (collectively, the “Contracts”) are for the period from 1 June 2020 to 31 May 2023. 2.    Financial Effects SSB is expected to deliver these Contracts in the first quarter of the financial year ending 31 August 2021. In this regard, these Contracts are expected to contribute positively to the earnings and net assets of the Sasbadi Holdings Group for the financial year ending 31 August 2021 and onwards, during the duration of these Contracts. 3.    Risk Factors The Company does not foresee any exceptional risk other than the normal operational risks associated with these Contracts. The Company will take the necessary steps to mitigate the risks as when they occur. 4.    Directors’ and/or Major Shareholders’ Interest None of the Directors and/or major shareholders of Sasbadi Holdings or persons connected with them has any interest, whether direct or indirect, in these Contracts. 5.    Directors’ Statement The Board of Directors of Sasbadi Holdings is of the opinion that these Contracts are in the ordinary course of business and in the best interest of the Company. This announcement is dated 1 June 2020.

icy97

Type	Announcement
Subject	OTHERS
Description	SASBADI HOLDINGS BERHAD ("SASBADI HOLDINGS" OR "COMPANY")MEMORANDUM OF COLLABORATION WITH HUAWEI TECHNOLOGIES (MALAYSIA) SDN BHD ("HUAWEI")
1.         Introduction The Board of Directors of Sasbadi Holdings is pleased to announce that the Company has today entered into a Memorandum of Collaboration (“MoC”) with Huawei. (Sasbadi Holdings and Huawei shall hereinafter be collectively referred to as the “Parties”.) Huawei is a company incorporated under the Companies Act 1965 and has its place of business at Suite 32-01, Level 32, Integra Tower, The Intermark, 348, Jalan Tun Razak, 50400 Kuala Lumpur. Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. 2.         Salient Terms of the MoC The objective of this MoC is for the Parties to collaborate on the development of Intelligent Education solutions by leveraging HUAWEI CLOUD + Artificial Intelligence (“AI”) Technology and to plan, consult, develop and implement joint opportunities. The scope of collaboration includes (but is not limited to) the following: (a) To collaborate on the development of Sasbadi Holdings’ e-learning products embedded with future technology powered by Huawei, including (but not limited to) Virtual Reality (VR) and AI to enhance the user’s learning experience. (b) To provide expertise and support to Sasbadi Holdings with Huawei Cloud AI Technology and its marketplace for partners solution for the Company’s development of learning products. (c) To jointly promote Sasbadi Holdings’ e-learning products in Malaysia and South-East Asia region via Huawei Cloud Marketplace. 3.         Entry into Force, Duration and Termination The MoC shall come into operation on the date of the MoC and shall remain in force for two (2) years from the date of the MoC. Either party may terminate this MoC by serving at least three (3) months prior written termination notice. 4.         Execution of Agreements The Parties agree that each party shall in its best endeavour and good faith negotiate for and enter into definitive agreement(s) as expeditiously as possible when the need arises. 5.         Financial Effects Through the collaborative activities with Huawei, the MoC is expected to contribute positively to the earnings and net assets of the Sasbadi Holdings Group for the financial year ending 31 August 2020 and onwards, during the duration of the MoC. The cost of the collaborative activities under this MoC shall be funded on terms that will be mutually agreed upon by the Parties, on a case to case basis and subject to the availability of funds. 6.         Directors’ and/or Major Shareholders’ Interest None of the Directors and/or major shareholders of Sasbadi Holdings or persons connected with them has any interest, whether direct or indirect, in the MoC. This announcement is dated 30 June 2020.

icy97

Type	Announcement
Subject	OTHERS
Description	SASBADI HOLDINGS BERHAD ("SASBADI HOLDINGS" OR "COMPANY")LETTER OF ACCEPTANCE FROM THE MINISTRY OF EDUCATION MALAYSIA ("MoE")
1.   Introduction The Board of Directors of Sasbadi Holdings is pleased to announce that, the Company’s wholly-owned subsidiary, Sasbadi Sdn Bhd (“SSB”), has today signed and accepted a Letter of Acceptance from the MoE to publish, print and supply elective technical subject textbook for Pengajian Keusahawanan Tingkatan 5 at an estimated contract value of RM265,500.00 (“Contract”). The period of the Contract is from 8 July 2020 to 7 July 2023. 2.    Financial Effects SSB is expected to deliver the Contract in the first quarter of the financial year ending 31 August 2021. In this regard, the Contract is expected to contribute positively to the earnings and net assets of the Sasbadi Holdings Group for the financial year ending 31 August 2021 and onwards, during the duration of the Contract. 3.    Risk Factors The Company does not foresee any exceptional risk other than the normal operational risks associated with the Contract. The Company will take the necessary steps to mitigate the risks as when they occur. 4.    Directors’ and/or Major Shareholders’ Interest None of the Directors and/or major shareholders of Sasbadi Holdings or persons connected with them has any interest, whether direct or indirect, in the Contract. 5.    Directors’ Statement The Board of Directors of Sasbadi Holdings is of the opinion that the Contract is the ordinary course of business and in the best interest of the Company. This announcement is dated 14 July 2020.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 May 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 May 2020	31 May 2019	31 May 2020	31 May 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	4,946	17,795	55,652	72,630
2	Profit/(loss) before tax	-10,559	1,212	-1,637	12,764
3	Profit/(loss) for the period	-8,771	635	-2,748	8,646
4	Profit/(loss) attributable to ordinary equity holders of the parent	-8,771	635	-2,748	8,646
5	Basic earnings/(loss) per share (Subunit)	-2.09	0.15	-0.66	2.06
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.3600		0.3700

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	PROPOSED DISPOSAL BY SASBADI SDN BHD, A WHOLLY OWNED SUBSIDIARY OF SASBADI HOLDINGS BERHAD, OF A PARCEL OF LEASEHOLD INDUSTRIAL LAND WITH A THREE (3) - STOREY FACTORY BUILDING ERECTED THEREON, FOR A TOTAL CASH CONSIDERATION OF RM7,150,000
The Board of Directors of Sasbadi Holdings Berhad (“Sasbadi Holdings” or “the Company”) wishes to announce that its wholly owned subsidiary, Sasbadi Sdn Bhd, has on 17 August 2020 entered into a sale and purchase agreement ("SPA") with KL Med Supplies (M) Sdn Bhd [Registration No. 19990101812 (485712-H)] for the disposal of a parcel of leasehold industrial land held under H.S.(D) 283534, PT 12527, Pekan Baru Sungai Buloh, Daerah Petaling, Negeri Selangor, measuring approximately 1,157.993 square meters (equivalent to 12,464.53 square feet) with a three (3) – storey factory building erected thereon, for a total cash consideration of RM7,150,000 subject to the terms and conditions in the SPA (“Proposed Disposal”). Please refer to the attachment for further details on the Proposed Disposal. This announcement is dated 17 August 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3078283

Attachments Announcement_Disposal of Lot 2 (Final).pdf

icy97

Type	Announcement
Subject	OTHERS
Description	SASBADI HOLDINGS BERHAD ("SASBADI HOLDINGS" OR "COMPANY")LETTER OF ACCEPTANCE FROM THE MINISTRY OF EDUCATION MALAYSIA ("MoE")
1.    Introduction The Board of Directors of Sasbadi Holdings is pleased to announce that, the Company’s wholly-owned subsidiary, Sasbadi Sdn Bhd (“SSB”), has today signed and accepted a Letter of Acceptance from the MoE to publish, print and supply elective technical subject textbook for Lukisan Kejuruteraan Tingkatan 5 at an estimated contract value of RM332,400.00 (“Contract”). The period of Contract is from 1 September 2020 to 31 August 2021. 2.    Financial Effects SSB is expected to deliver the Contract in the second quarter of the financial year ending 31 August 2021. In this regard, the Contract is expected to contribute positively to the earnings and net assets of the Sasbadi Holdings Group for the financial year ending 31 August 2021 and onwards, during the duration of the Contract. 3.    Risk Factors The Company does not foresee any exceptional risk other than the normal operational risks associated with the Contract. The Company will take the necessary steps to mitigate the risks as when they occur. 4.    Directors’ and/or Major Shareholders’ Interest None of the Directors and/or major shareholders of Sasbadi Holdings or persons connected with them has any interest, whether direct or indirect, in the Contract. 5.    Directors’ Statement The Board of Directors of Sasbadi Holdings is of the opinion that the Contract is in the ordinary course of business and in the best interest of the Company. This announcement is dated 2 September 2020.

icy97

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	SASBADI HOLDINGS BERHAD ("SASBADI HOLDINGS" OR "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO 42,909,850 NEW ORDINARY SHARES IN SASBADI HOLDINGS ("SASBADI HOLDINGS SHARE(S)" OR "SHARE(S)") ("PLACEMENT SHARE(S)"), REPRESENTING TEN PERCENT (10%) OF THE TOTAL NUMBER OF ISSUED SHARES (EXCLUDING TREASURY SHARES) OF SASBADI HOLDINGS ("PROPOSED PRIVATE PLACEMENT")
On behalf of the Board of Directors of Sasbadi Holdings, Alliance Investment Bank Berhad wishes to announce that the Company proposes to undertake the Proposed Private Placement. Further details of the Proposed Private Placement are set out in the attachment. This announcement is dated 14 September 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3088129

Attachments Sasbadi Proposed Private Placement - (Final).pdf

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Aug 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Aug 2020	31 Aug 2019	31 Aug 2020	31 Aug 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	6,788	15,097	62,440	87,727
2	Profit/(loss) before tax	-7,667	-5,888	-9,304	6,876
3	Profit/(loss) for the period	-6,204	-5,382	-8,952	3,264
4	Profit/(loss) attributable to ordinary equity holders of the parent	-6,204	-5,382	-8,952	3,264
5	Basic earnings/(loss) per share (Subunit)	-1.48	-1.28	-2.14	0.78
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.3500		0.3700

icy97

Type	Announcement
Subject	OTHERS
Description	SASBADI HOLDINGS BERHAD ("SASBADI HOLDINGS" OR "COMPANY")LETTERS OF ACCEPTANCE FROM THE MINISTRY OF EDUCATION MALAYSIA ("MoE")
1.  Introduction The Board of Directors of Sasbadi Holdings is pleased to announce that, the Company’s wholly-owned subsidiary, The Malaya Press Sdn Bhd (“TMP”), has today signed and accepted 2 Letters of Acceptance from the MoE to publish, print and supply the textbook package for the subject Bahasa Cina Tingkatan 5 and Pendidikan Muzik Tahun 5 SJKC at an estimated contract value of RM893,770.00 and RM545,020.00 respectively. Both the Bahasa Cina Tingkatan 5 and Pendidikan Muzik Tahun 5 SJKC contracts (collectively, the “Contracts”) are for the period from 2 November 2020 to 1 November 2023. 2.   Financial Effects TMP is expected to deliver the first tranche of these Contracts in the second quarter of the financial year ending 31 August 2021. In this regard, these Contracts are expected to contribute positively to the earnings and net assets of the Sasbadi Holdings Group for the financial year ending 31 August 2021 and onwards, during the duration of these Contracts. 3.   Risk Factors The Company does not foresee any exceptional risk other than the normal operational risks associated with these Contracts. The Company will take the necessary steps to mitigate the risks as when they occur. 4.   Directors’ and/or Major Shareholders’ Interest None of the Directors and/or major shareholders of Sasbadi Holdings or persons connected with them has any interest, whether direct or indirect, in these Contracts. 5.   Directors’ Statement The Board of Directors of Sasbadi Holdings is of the opinion that these Contracts are in the ordinary course of business and in the best interest of the Company. This announcement is dated 3 November 2020.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Aug 2021

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Aug 2021	31 Aug 2020	31 Aug 2021	31 Aug 2020
		$$'000	$$'000	$$'000	$$'000

1	Revenue	9,138	7,162	63,127	62,814
2	Profit/(loss) before tax	-17,780	-7,667	-10,568	-9,304
3	Profit/(loss) for the period	-13,662	-6,204	-9,350	-8,952
4	Profit/(loss) attributable to ordinary equity holders of the parent	-13,662	-6,204	-9,350	-8,952
5	Basic earnings/(loss) per share (Subunit)	-3.22	-1.48	-2.22	-2.14
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.3300		0.3500

icy97

Type	Announcement
Subject	OTHERS
Description	SASBADI HOLDINGS BERHAD ("SASBADI HOLDINGS" OR "COMPANY")LETTERS OF ACCEPTANCE FROM THE MINISTRY OF EDUCATION MALAYSIA ("MoE")
1.            Introduction The Board of Directors of Sasbadi Holdings is pleased to announce that, the Company’s wholly-owned subsidiary, Sasbadi Sdn Bhd (“SSB”), has today signed and accepted four (4) Letters of Acceptance from the MoE for the following: i) the service of supplying and delivering market-ready digital solutions in line with the Common European Framework of Reference for Languages (CEFR) Year 1 for the school session usage from 2023 at an estimated contract value of RM1,118,880.00; ii) the service of supplying and delivering market-ready digital solutions in line with the Common European Framework of Reference for Languages (CEFR) Year 3 for the school session usage from 2023 at an estimated contract value of RM1,118,880.00; iii) supplying reprinted textbooks (BCS) to schools under the MoE for the period from 2022 to 2024 (Package 3 - Peninsula Malaysia) at an estimated contract value of RM7,049,378.80; and iv) supplying reprinted textbooks (BCS) to schools under the MoE for the period from 2022 to 2024 (Package 5 - Peninsula Malaysia) at an estimated contract value of RM7,313,757.80. Items (i) to (iv) above are collectively referred as “Contracts”. The Contracts are for the period from 6 October 2022 to 5 October 2024. 2.            Financial Effects SSB is expected to deliver these Contracts from the first quarter of the financial year ending 31 August 2023. In this regard, these Contracts are expected to contribute positively to the earnings and net assets of the Sasbadi Holdings Group for the financial year ending 31 August 2023 and onwards, during the duration of these Contracts. 3.            Risk Factors The Company does not foresee any exceptional risk other than the normal operational risks associated with these Contracts. The Company will take the necessary steps to mitigate the risks as and when they occur. 4.            Directors’ and/or Major Shareholders’ Interest None of the Directors and/or major shareholders of Sasbadi Holdings or persons connected with them has any interest, whether direct or indirect, in these Contracts. 5.            Directors’ Statement The Board of Directors of Sasbadi Holdings is of the opinion that these Contracts are in the ordinary course of business and in the best interest of the Company. This announcement is dated 11 October 2022.

icy97

Type	Announcement
Subject	OTHERS
Description	SASBADI HOLDINGS BERHAD ("SASBADI HOLDINGS" OR "COMPANY")LETTER OF ACCEPTANCE FROM THE MINISTRY OF EDUCATION MALAYSIA ("MoE")
1.       Introduction The Board of Directors of Sasbadi Holdings is pleased to announce that, the Company’s wholly-owned subsidiary, Sasbadi Sdn Bhd (“SSB”), has today signed and accepted a Letter of Acceptance from the MoE for supplying and delivering market-ready digital solutions in line with the Common European Framework of Reference for Languages (CEFR) Year 5 for the school session usage from 2024 at a contract value of RM486,505.60 (“Contract”). The Contract is for the period from 1 September 2023 to 31 August 2025. 2.       Financial Effects SSB is expected to deliver the Contract from the first quarter of the financial year ending 31 August 2024. In this regard, the Contract is expected to contribute positively to the earnings and net assets of the Sasbadi Holdings Group for the financial year ending 31 August 2024 and onwards, during the duration of the Contract. 3.       Risk Factors The Company does not foresee any exceptional risk other than the normal operational risks associated with the Contract. The Company will take the necessary steps to mitigate the risks as and when they occur. 4.       Directors’ and/or Major Shareholders’ Interest None of the Directors and/or major shareholders of Sasbadi Holdings or persons connected with them has any interest, whether direct or indirect, in the Contract. 5.       Directors’ Statement The Board of Directors of Sasbadi Holdings is of the opinion that the Contract is in the ordinary course of business and in the best interest of the Company. This announcement is dated 4 September 2023.

icy97

Type	Announcement
Subject	OTHERS
Description	SASBADI HOLDINGS BERHAD ("SASBADI HOLDINGS" OR "COMPANY")LETTER OF ACCEPTANCE FROM THE MINISTRY OF EDUCATION MALAYSIA ("MoE")
1.            Introduction The Board of Directors of Sasbadi Holdings is pleased to announce that, the Company’s wholly-owned subsidiary, Sasbadi Sdn Bhd (“SSB”), has today signed and accepted a Letter of Acceptance from the MoE for the service of testing the English language proficiency level of English teachers for the MoE at a contract value of RM285,000.00 (“Contract”). The Contract is for the period from 27 September 2023 to 26 December 2023. 2.            Financial Effects SSB is expected to deliver the Contract from the first quarter of the financial year ending 31 August 2024. In this regard, the Contract is expected to contribute positively to the earnings and net assets of the Sasbadi Holdings Group for the financial year ending 31 August 2024. 3.            Risk Factors The Company does not foresee any exceptional risk other than the normal operational risks associated with the Contract. The Company will take the necessary steps to mitigate the risks as and when they occur. 4.            Directors’ and/or Major Shareholders’ Interest None of the Directors and/or major shareholders of Sasbadi Holdings or persons connected with them has any interest, whether direct or indirect, in the Contract. 5.            Directors’ Statement The Board of Directors of Sasbadi Holdings is of the opinion that the Contract is in the ordinary course of business and in the best interest of the Company. This announcement is dated 29 September 2023.