ANNUAL REPORT 2026 ENRA GROUP BERHAD 87 Directors’ Report (Cont’d) Registration No: 9 199201005296 (236800 - T) SIGNIFICANT EVENTS SUBSEQUENT TO THE END OF THE REPORTING PERIOD (continued) (c) On 21 April 2026, ENRA Energy Solutions Sdn Bhd ("EES"), an indirect 70% owned subsidiary of the Company, entered into a Memorandum of Understanding ("MOU") with Boustead Holdings Berhad ("BHB"), a Malaysian investment holding company wholly owned by Lembaga Tabung Angkatan Tentera for the purpose of jointly exploring opportunities in maintenance, repair and overhaul services for naval propulsion and power generation systems, as well as lifecycle support for surface vessels operated by the Royal Malaysian Navy for a period of one (1) year and shall expire on 20 April 2027. Thereafter it may be extended for a further period upon mutual agreement between parties. (d) On 24 April 2026, EEC acquired the remaining 30% equity interest in EES comprising 750,000 ordinary shares from Tai Chong Marine Engineering Sdn. Bhd. for a total consideration of RM1.00. Consequently, EES became a wholly-owned subsidiary of EEC. [THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK]
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