Board of Directors of Silver Ridge Holdings Berhad announced that its 51% subsidiary, Total SR Web 3.0 Sdn Bhd has accepted purchase orders in the month of October 2023 and up to the date of announcement (referred as the ?Orders?) with approximate value of Orders secured amounting to RM2,997,597. The Orders are expected to be completed by January 2024. The Orders are mainly for industrial and other products trading.

The Orders will not have any material effect on the issued and paid-up capital, substantial shareholders' shareholding, net asset per share and gearing of the Company and its subsidiaries ("SRHB Group"). The Board is of the opinion that the Orders will contribute positively to the earnings per share and the future earnings of SRHB Group for financial year ending 30 June 2024.