HSS Engineers Berhad announced that HSSI has on 14 May 2020: agreed with the Client that the total contract value for the First Contract is MYR 9,870,000 and with that the First Contract is finalised; and HSSI has accepted Letter of Appointment dated 13 May 2020 from the Client appointing HSSI as the Consultant to provide Consultancy Services for the Detail and Construction Drawings Design for Section A of the ECRL (Kota Bharu to Dungun) with a contract value of MYR 13,030,000. The New Contract commenced during the second quarter of 2020 and is expected to complete within the fourth quarter of 2028 (including Defect Liability Period). Pursuant to the exclusive teaming arrangement between HSSI and the company’s wholly-owned subsidiary, HSS Engineering Sdn Bhd ("HSSE"), HSSI and HSSE will be collaborating exclusively to execute and complete the Contract. The risk factors affecting the New Contract include, but not limited to, execution risks such as dependency on the progress of the ECRL given that the role pursuant to the New Contract is for the preparation and completion of the Detail and Construction Drawings Design in respect of the works for the ECRL. HEB Group has, throughout the years, established its track record and expertise to undertake such projects. As such, the Board of Directors believes that HEB Group is able to mitigate the aforesaid risk factors.