INSIGHTS ANALYTICS BERHAD ("IAB" OR "THE COMPANY")
LETTER OF AWARD
DESIGN, BUILD AND OPERATE - PROPOSED PERFORMANCE BASED CONTRACT FOR ACUTE WATER SUPPLY SHORTAGE AT SUAI AREAS, MIRI DIVISION
1. Introduction
The Board of Directors of IAB is pleased to announce that its wholly owned subsidiary, INSIGHTS ANALYTICS TECHNOLOGIES SDN. BHD. (formerly known as EXXOR TECHNOLOGIES SDN. BHD.) had on 6th October 2026, accepted a Letter of Award from K J S Capital Sdn. Bhd. ("Main Contractor") to act as Sub-Contractor for the Construction, Operation and Maintenance of 7 million litres per day ("MLD") Suai Water Treatment Plant under the Design, Build and Operate - Proposed Performance Based Contract for Acute Water Supply Shortage at Suai Areas, Miri Division ("the Project").
2. Details of the Letter of Award
(a) The total contract sum for the Project is RM14,435,750.00 (Ringgit Malaysia Fourteen Million Four Hundred Thirty Five Thousand Seven Hundred Fifty Only) on a firm price basis.
(b) The date of commencement for the construction of the Project is 13th October 2026 and the date of completion is 10th April 2027 with a 60 months' operation and maintenance period thereafter.
(c) Insurance will be arranged by the Main Contractor.
(d) The Defect Liability Period is twelve (12) months from the issuance of the Certificate of Practical Completion.
3. Details of the Parties
(a) Insights Analytics Technologies Sdn. Bhd. ("IATSB")
IATSB was incorporated in Malaysia on 22nd May 2003 as a private limited company having its place of business at Parcel Lot No. D272, D273 & D274, 1st Floor, Block D, ICOM Square, Jalan Pending, 93450 Kuching, Sarawak. The principal activities include provision of water technology solutions and intelligent asset management solutions.
(b) K J S Capital Sdn. Bhd. ("KJS")
KJS was incorporated in Malaysia on 15th November 2011 as a private limited company having its place of business at No. 12, Pasar Betong, 95700 Betong, Sarawak. The principal activity is construction works.
4. Risk Factors
The Project is subject to operational, construction, and regulatory risks. However, these are considered manageable within the ordinary course of business. The Board of Directors does not foresee any exceptional risk factors arising from this Project.
5. Financial Effects
The acceptance of the Letter of Award for the Project is expected to contribute positively to the Group's earnings over the contract duration.
6. Approvals Required
The acceptance of the Letter of Award for the Project is not subject to the approval from the Company's shareholders and/or any regulatory authorities.
7. Directors' And Major Shareholders' and/or Persons Connected with Them
None of the Directors, major shareholders of IAB, or persons connected to them have any interest, direct or indirect, in the Project.
8. Statement by the Board of Directors
The Board of Directors, having considered all relevant aspects of the Project, is of the opinion that the Project is in the best interest of IAB.
This announcement is dated 6th October 2026.
M & A Securities Sdn Bhd ("M&A"), being the Sponsor, was responsible for the admission of Insights Analytics Berhad to the ACE Market of Bursa Malaysia Securities Berhad on 27 October 2025. M&A assumes no responsibility for the contents of this announcement.