TRC Synergy Berhad (“the Company”) is pleased to announce that its wholly-owned subsidiary, Trans Resources Corporation Sdn Bhd (“TRC”) had on 28th May 2021 accepted the Award from BHIC Submarine Engineering Services Sdn Bhd, in relation to the maintenance contract known as:-

1. Pre-scheduled maintenance of floating breakwater jetty &  shiplift jetty (underwater structure); and
2. Twenty-four (24) months scheduled and corrective maintenance of Zone D area, jetty facilities building, bosun building, floating breakwater jetty, shiplift jetty (underwater structure) and safety conditioning facilities at the Royal Malaysia Navy Submarine Base, Sepangar Bay, Kota Kinabalu “

for a Contract Sum of RM43,000,000.00 (“the Project”).

The Project will not have any effect on the issued and paid-up share capital, substantial shareholders’ shareholdings, net assets per share and gearing of the Company and its subsidiaries (“TRC Group”).

Barring unforeseen circumstances, the Board is of the opinion that the Project will contribute positively to the earnings and earnings per share of the TRC Group in the future.

None of the Directors of the Company, its substantial shareholders or person connected with Directors and substantial shareholders have any interest in the Project.

The Board, after having considered all aspects of the offer is of the opinion that the Project is in the best interest of TRC Group.

The Letter of Award available for inspection at the registered office of the Company during office hours from Monday to Friday at TRC Business Centre, Jalan Andaman Utama, 68000 Ampang, Selangor Darul Ehsan, Malaysia for a period of three (3) months from the date of this announcement.

This announcement is dated 15th June 2021.