HEB announced that on 11 April 2022, HSS Integrated Sdn Bhd (“HSSI”), an associate of HEB, has accepted a Letter of Appointment from Sambungan Lebuhraya Timur Sdn Bhd appointing HSSI to provide engineering consultancy services for an upcoming Infrastructure Facility project in Klang Valley (“Project”) (“Contract”). Estimated Contract Value: MYR 16,269,000.00. Commencement: 24 January 2022. Estimated Contract Duration: 6 years 7 months. HSSI’s scope of services under the Contract shall include preparing and finalising the preliminary and detailed engineering design for the Project and to provide the relevant technical advisory services. Pursuant to the exclusive teaming arrangement between HSSI and HSS Engineering Sdn Bhd (“HSSE”), a wholly-owned subsidiary of HEB, HSSI and HSSE will be collaborating exclusively to execute and complete the Contract. The risk factors affecting the Contract include, but not limited to execution risks, such as dependency on the schedule of implementation and progress of the Project given the role of HSSI pursuant to the Contract is to provide engineering consultancy services for the Project. Nonetheless, HEB Group has, throughout the years, established its track record and expertise in undertaking such projects. As such, the Board of Directors believes that HEB Group is able to mitigate the aforesaid risk factors. The Contract, being part of the ordinary course of business of HEB Group, is not subject to the approval of shareholders of HEB or any relevant authorities. None of the Directors and/or Major Shareholders of HEB and persons connected to them has any interest, direct or indirect, in the Contract.