The Board of Directors of E.A. Technique (M) Berhad announced that the Company has recently been awarded two (2) Contracts by Sungai Udang Port Sdn Bhd ("SUPSB"), a wholly-owned subsidiary of MISC Maritime Services Sdn Bhd via Letter of Award dated 27 July 2023 for the Provision and Operation of One (1) Unit 25 Tonnes Bollard Pull Utility Tug and One (1) Unit 40 Tonnes Bollard Pull utility Tug for SUPSB ("Contracts"). The duration of each of the Contracts will be for a primary period of two (2) years with an option to extend for another period of one (1) year upon expiry of the initial term thereof, to be exercised at SUPSB's option, at the same terms and conditions. The commencement date of both contracts is 1 August 2023.

The Company will be using existing vessels to serve the Contracts. The total value for both contracts is approximately MYR 12.62 million, excluding the option period.