SELANGOR, 24 March 2025 – Advancecon Holdings Berhad (前进控股有限公司) (“ADVCON” or “the Group”) (5281), a leading specialist in earthworks and civil engineering services, announced today that its wholly-owned subsidiary, Advancecon Infra Sdn. Bhd. (“Advancecon Infra”), has been awarded a Letter of Award (“LOA”) valued at RM56.64 million for the construction and completion of site clearing, earthworks, erosion and sediment control, water reservoir embankment, and other ancillary works at Ladang Londah, Mukim Gemas, Negeri Sembilan.

The contract was awarded by F&N Agrivalley Sdn Bhd (“F&N Agrivalley”), a direct wholly-owned subsidiary of Fraser & Neave Holdings Bhd, with a project completion timeline of 10 months from the date of site possession. With this contract, the Group’s outstanding order book has now increased to RM729.64 million, further strengthening its earnings visibility.

Dato’ Phum Ang Kia (“拿督潘红仔”), Group Chief Executive Officer commented, "We are honoured to be entrusted by such an esteemed client with this significant project, which reflects our strong reputation and technical expertise in delivering large-scale infrastructure works. This contract win is aligned with our growth strategy to strengthen our presence in the civil engineering and construction sector.”

“Our team remains committed to ensuring the timely execution of the project while maintaining the highest standards of quality, safety, and environmental sustainability. We look forward to supporting F&N Agrivalley in the successful completion of this project."

The project will be executed in multiple phases, focusing on comprehensive site preparation, environmental protection measures and efficient water reservoir embankment construction. ADVCON’s proven track record in earthworks, infrastructure development, and civil engineering solutions positions the Group as a trusted partner for large-scale projects across Malaysia.

With a robust order book and a strong pipeline of opportunities, ADVCON remains steadfast in its commitment to driving sustainable growth and delivering long-term value to its stakeholders. The Group will continue to leverage its expertise and industry experience to pursue new infrastructure and construction projects, further solidifying its market leadership.