The Board of Directors of Advancecon Holdings Berhad announced that Advancecon Infra Sdn Bhd (?AISB?), a wholly-owned subsidiary of the Company had on 22 November 2021 accepted the Letter of Acceptance (?LOA?) from Sime Darby Property (Bukit Raja) Sdn Bhd for the appointment of AISB as the contractor for the Proposed Construction and Completion of Earthworks and other related works for Development of Phase 1 (R10C, R10D and R10E), at Bandar Bukit Raja 2, Mukim Kapar, District of Klang, Selangor Darul Ehsan for the total contract sum of MYR 23,470,638.00 (?the Contract?). The overall contract period shall be commencing from 6 December 2021 until 5 August 2023.