DESTINI’S CORPORATE DIARY OVERVIEW MAY Destini Rail Sdn Bhd entered into a Joint Venture and Shareholders Agreement with Lion Pacific Sdn Bhd, and SVPR Consulting Services Sdn Bhd in respect of DPL Rail Sdn Bhd to draw upon the skills, expertise, experience and capabilities of each other in undertaking the business of rail-related projects in Malaysia and the region which among others, include engineering solutions and services, civil works, rolling stock, system and track works, asset management and maintenance services for rail projects. JULY DOS received a three-year contract from Petrofac (Malaysia-PM304) Limited for the provision of tubular handling equipment and running services. OCTOBER DOS was awarded the PAN Malaysia Umbrella Contract for the Provision of Integrated Well Services for Intervention, Workover and Abandonment for PACs from PCSB. The contract runs on a call-out basis through the issuance of work orders and would expire in 2024 unless it is extended. DECEMBER DPSB secured a RM50.18 million contract from MINDEF for the extension of the existing contract to provide MRO services and the supply of safety and survival equipment to the RMAF for one year. 2020 APRIL DOS received a letter of award for the provision of tubular equipment and services for JX Nippon Oil & Gas Exploration (Malaysia) Limited’s drilling campaign. The tenure of the contract is for four years with a oneyear extension option. JULY • DETSB was awarded a contract from Wira Syukur (M) Sdn Bhd to provide mechanical and electrical systems for the commercial development of GrenePark Village in Semenyih for a sum of RM17.39 million. • DPSB was awarded a contract from MINDEF to supply non-proprietary aircrafts parts for the RMAF. It allows DPSB and 29 other local companies identified by MINDEF to participate in parcels of bidding should RMAF require any non-proprietary aircraft parts. The contract has a combined ceiling of RM121 million. DECEMBER DPSB received a letter of award from MINDEF for the extension of the existing contract to provide MRO services and the supply of safety and survival equipment for the RMAF for RM30.37 million. 2021 FEBRUARY Destini entered into a 70:30 Joint Venture and Shareholders Agreement with KTMB to enable the Group to expand its capabilities to provide heavy maintenance work on rail assets in Malaysia. AUGUST DOS secured an award from Repsol Oil and Gas Malaysia for the provision of tubular handling and conductor installation equipment and services. OCTOBER Destini inked a Memorandum of Understanding with Siemens Mobility Sdn Bhd for the latter to act as Destini’s Technical Assistance Advisor in providing MRO services for electrical trainset components in Malaysia. NOVEMBER Destini entered into a Heads of Agreement with Indonesia State-Owned PT Industri Kereta Api (“PT INKA”) to identify and pursue opportunities in the railway system business sector and infrastructure projects in Indonesia, Malaysia and the region. DECEMBER Destini secured its maiden solar project from Indah Water Konsortium Sdn Bhd (“IWK”) for the engineering, procurement, construction and commissioning of solar photovoltaic systems at IWK’s sewerage treatment plants across Malaysia. DESTINI BERHAD ANNUAL REPORT 2025 10
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