Malaysia Marine and Heavy Engineering : MHB Fortifies its Governance Commitment with the Signing of Corruption-Free Pledge

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PRESS RELEASE

Kuala Lumpur, 12 June 2023

MHB Fortifies its Governance Commitment with the Signing of Corruption-Free Pledge

Malaysia Marine and Heavy Engineering Holdings Berhad (MHB), a globally trusted energy and marine solutions provider, continues to strengthen its governance commitment with the signing of the Corruption-Free Pledge at a ceremony at its MMHE West yard, Pasir Gudang, Johor on 8 June 2023. This pledge was aimed to further strengthen MHB's commitment to fostering an agile and transparent organisation by including the overall workforce, approximately 4,000 employees.

The pledge reading and signing was led by MHB Managing Director & Chief Executive Officer (MD & CEO), Encik Pandai Othman and witnessed by the Chief Senior Assistant Commissioner of the Malaysian Anti-Corruption Commission (MACC), Tuan Ab. Muneim Ibrahim.

The momentous occasion was held in conjunction with the celebration of MHB's 50th anniversary, serving as a significant milestone in its history. It commemorates five decades of growth, innovation, and dedication while maintaining the highest levels of integrity and good governance. Reflecting on the company's achievements, this ceremony reiterated the positive values that have guided MHB throughout these years.

A signatory to the Corporate Integrity Pledge (CIP) since 2014, MHB has practised zero tolerance towards corruption and has in place systems and processes that support the Government's anti-corruption agenda. MHB has been working closely with MACC on various initiatives to combat corruption and misconduct in the company where it has also introduced a No Gift Policy, Code of Conduct and Business Ethics, Whistleblowing Policy and Anti-Bribery and Corruption Policy and Guidelines.

Quote by MD & CEO of MHB

Pandai Othman, MD & CEO of MHB said, "This signing is a testament to MHB's zero tolerance to bribery and corruption. This reflects our steadfast determination to operate fairly and ethically, fostering an environment that promotes trust and confidence among stakeholders. In sustaining our business and operations, we are committed to infusing a high integrity culture among our most valuable asset, our people."

"As we celebrate our 50th anniversary, we look forward to delivering values to our stakeholders with a renewed sense of purpose and commitment. This effort is a catalyst for us to set a new benchmark for the next phase of our journey, ensuring that the legacy of integrity and good governance continues to thrive," he added.

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About MHB

Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) is a globally trusted energy and marine solutions provider for a wide range of offshore and onshore facilities and vessels.

MHB has 50 years of track record in delivering integrated and complex solutions to international oil & gas clients. Owns and operates the largest fabrication yard in Malaysia and Southeast Asia that is equipped with world-class facilities, MHB is recognised for its expertise in offshore deepwater fabrication, offshore conversion services and ship repair which include LNG carrier repair and dry docking. MHB also owns three dry docks which are amongst the largest dry docks in Southeast Asia.

MHB operates a regional Centre of Excellence - a learning centre that produces technically expert workers for the oil & gas and marine industries.

We acknowledge the importance of delivering solutions that are sustainable to our stakeholders, where we now provide services that support the global energy transition in the areas of renewable energy, decarbonisation such as carbon capture facilities & energy efficiency.

Our capabilities and track record in summary:

• Full range engineering, procurement, construction, installation & commissioning (EPCIC) services for offshore structures
• Complete offshore facility conversion services in one location
• Comprehensive ship repair, refurbishment, upgrading and life extension of various types of vessels and rigs

For more information, kindly contact MHB Corporate Communications:

Nor Mariam Mohd Nazir	Farah Nabilah Mohd Azman
Hp: [phone]	Hp: [phone]
Email:[e-mail]	Email:[e-mail]

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