| Type | Announcement |
| Subject | OTHERS |
| Description | JHM CONSOLIDATION BERHAD (“JHM” OR THE “COMPANY”) – CONTRACTS SECURED FROM PERUSAHAAN OTOMOBIL NASIONAL SDN. BHD. BY JHM DEKAI AUTO LIGHTING SDN. BHD., A SUBSIDIARY OF JHM |
1. INTRODUCTION
The Board of Directors of JHM (“Board”) is pleased to announce that its 52% owned subsidiary, JHM Dekai Auto Lighting Sdn. Bhd. had secured contracts from Perusahaan Otomobil Nasional Sdn. Bhd. (“Proton”) for the supply of parts for specific Proton car models to Proton (“Contract”).
2. SECURED CONTRACT PERIOD
(i) The supply of parts is expected to commence in the late third quarter of the financial year ending 31 December 2025 and will continue for a duration of five (5) years; and
(ii) The total estimated value of the Contract is approximately RM300 million for the abovementioned duration.
3. FINANCIAL EFFECTS OF THE CONTRACT
The Contract will not have any effect on the share capital and shareholding structure of JHM. The Contract is expected to contribute to the earnings of JHM Group over a period of five (5) years commencing from the financial year ending 2025.
4. RISKS OF THE CONTRACT
The risk factors affecting the Contract includes changes in economic, political and regulatory environment and operational risks such as completion risk and shortage of materials and skilled labour which the Group would take appropriate measures to minimise.
5. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS
None of the Directors and/or major shareholders of JHM or persons connected with them has any interests, whether direct or indirect, in the Contract.