Unless otherwise stated, all abbreviations used herein shall have the same meaning as those mentioned in the announcement dated 5 March 2025 in relation to the EOT Application and the announcement dated 30 June 2025 in relation to the variation between actual value and estimated value by 10% or more.
Pursuant to Rule 10.09(2)(e) of Listing Requirements and Paragraph 2.0 of Guidance Note 8 of the Listing Requirements, the Board of Directors of ES Sunlogy wishes to announce that the actual value of the RRPTs entered into by Savelite Engineering Sdn Bhd (“Savelite”), a wholly-owned subsidiary of the Company with its related parties, U-Teknik Trading (KL) Sdn Bhd (“U-Teknik KL”) and U-Teknik Trading Sdn Bhd (“U-Teknik Trading”), had exceeded the estimated value of the RRPTs as disclosed in the EOT Application approved by Bursa Securities by more than 10%.
The details of the variation are as follows:-
Related Party
|
Transacting company in the Group
|
Interested person
|
Nature of RRPT
|
Estimated value of RRPT as disclosed in the EOT Application approved by Bursa Securities from the Listing Date up to the forthcoming EGM/AGM (“Estimated Value”)
|
Actual value of the RRPT transacted from the Listing Date to 13 August 2025
(“Actual Value”)
|
Variance
|
|
|
|
|
(RM)
|
(RM)
|
(RM)
|
Percentage
|
U-Teknik KL
|
Savelite
|
Mr. Chu Kerd Yee, Director
|
Purchase of main switchboards, sub-switchboards and distribution boards from U-Teknik KL, as specified and directed by project owners.
|
4,000,000
|
7,298,780
|
3,298,780
|
82.47%
|
U-Teknik Trading
|
Savelite
|
Mr. Chu Kerd Yee, Director
|
Purchase of main switchboards, sub-switchboards and distribution boards from U-Teknik Trading, as specified and directed by project owners.
|
1,000,000
|
1,483,694
|
483,694
|
48.37%
|
The variation was due to a project owner granted the approval to the Company in March 2025 for the purchase of main switchboards, sub-switchboards and distribution boards from U-Teknik KL and U-Teknik Trading amounting to RM3.8 million. This amount was not included in the estimated value of the RRPT disclosed in the EOT Application approved by Bursa Securities on 5 March 2025.
M & A Securities Sdn Bhd (“M&A”), being the Sponsor, was responsible for the admission of ES Sunlogy to the ACE Market of Bursa Securities on 20 February 2025. M&A assumes no responsibility for the contents of this announcement.
This announcement is dated 13 August 2025.