The Board of Directors of Sarawak Consolidated Industries Berhad (“SCIB” or “Company”) wishes to announce that the Company had on 11 July 2023 entered into a Memorandum of Understanding (“MOU”) with IRIX SDN. BHD. (Registration No: 200801039256 (840604-M)) (“IRIX”) (collectively referred to as “Parties”) to participate on the SEA-H2X Cable System (SEA – Hainan – Hong Kong Express)(referred to as “the Project”) wherein, SCIB shall subscribe up to 30% of the issued capital in IRIX SEA H2X SDN BHD”) (referred to as “the Proposed Transaction”).

Full details of the MOU attached below.

This announcement is dated 11 July 2023.

Please refer attachment below.