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[Disclosure] The Second Quarter Report in 2024 of PESTECH (Cambodia) (Unofficial Translation)

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Disclosure Details:

In the second quarter period ended 31 December 2023, the total revenue of PEPC is KHR6,451 million, representing a decrease of KHR12,655 million or 66.2% as compared to preceding year corresponding quarter that was recorded at KHR19,106 million. The changes in revenue reflected the execution progress of various projects in Cambodia. Lower revenue in the current quarter under review was mainly due to the completion of East Siem Reap project in March 2023 and lower project progress as compared to preceding year corresponding quarter.
As at 31 December 2023, the total asset is KHR1,136,552 million representing a decrease of KHR62,934 million or 5.2% as compared to KHR1,199,486 million in the financial year ended 30 June 2023 and total equity is KHR63,076 million representing a decrease of KHR28,332 million or 31.0% as compared to KHR91,408 million in the financial year ended 30 June 2023.

The significant indicators in the second quarter of FY 2024 are as follows:
1. Current Ratio:1.20
2. Quick Ratio: 1.17
3. Return on Assets: (1.11)%
4. Return on Equity: (19.98)%
5. Gross Profit Margin: 34.78%
6. Loss Margin: (195.40)%
7. Loss per Share: KHR (168.19)

[Disclosure] Decrease in Revenue (Unofficial Translation)

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Disclosure Details:

Period Quarter
1 – Details of Changes Current Quarter Previous Quarter Change Amount Change Rate (%)
– Sales Amount KHR6,451 million KHR19,106 million (KHR12,655 million) (66.2%)
– Operating Profit (KHR1,909 million) KHR4,973 million (KHR6,882 million) (138.4%)
– Net Profit/Loss (KHR12,605 million) (KHR2,297 million) (KHR10,308 million) (448.8%)
2 – Shareholder Equity ≥30 Billion KHR
3 – Description Decrease in Revenue
Decrease in Operating Profit
Decrease in Net Profit
4 – Reason

The revenue for the quarter under review was recorded at KHR6,451 million, representing a decrease of KHR12,655 million or 66.2% as compared to preceding year corresponding quarter that was recorded at KHR19,106 million. The changes in revenue reflected the execution progress of various projects in Cambodia. Lower revenue in the current quarter under review was mainly due to the completion of East Siem Reap project in March 2023 and lower project progress as compared to preceding year corresponding quarter.

The operating loss for the current quarter under review was KHR1,909 million as compared the operating profit of KHR4,973 million in the preceding year corresponding quarter, representing a decrease of KHR6,882 million or 138.4%.

The loss after tax for the current quarter under review was KHR12,605 million as compared to loss after tax of KHR2,297 million in the preceding year corresponding quarter, representing a decrease of KHR10,308 million or 448.8%.

[Disclosure] Change of Board of Director (Unofficial Translation)

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Disclosure Details:

1 – Before Change Name N/A Mr. Dav Ansan N/A
Position N/A Independent Non-Executive Director N/A
2 – After Change Name Ms. Pan Seng Wee Mr. Dav Ansan N/A
Position Executive Director Independent Non-Executive Director N/A
3 – Date of Resolution 2023-12-07
4 – Date of Change 2023-12-07
5 – Description During the Annual General Meeting of Pestech (Cambodia) Plc., the shareholders had voted and resolved on the approval of Ms. Pan Seng Wee as an Executive Director pursuant to Article 17.1 of the Company’s Articles of Incorporation. In addition, the existing Director, Mr. Dav Ansan was elected as the Company’s Independent Non-Executive Director to continue his term of office until 31 December 2026.
6 – Reason of Change Upon the aforesaid new appointment and election of Directors, the current composition of the Board of Directors now consists of five (5) directors and hence, complied with the Company’s Articles of Incorporation.

[Disclosure] Change of Board of Director (Unofficial Translation)

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Disclosure Details:

1 – Before Change Name Mr. Paul Lim Pay Chuan Mr. Lim Ah Hock Mr. Han Fatt Juan
Position Chairman of Board of Directors Executive Director Executive Director
2 – After Change Name Mr. Paul Lim Pay Chuan Mr. Lim Ah Hock Mr. Han Fatt Juan
Position Chairman of Board of Directors Executive Director Executive Director
3 – Date of Resolution 2023-12-07
4 – Date of Change 2023-12-07
5 – Description Mr. Paul Lim Pay Chuan, Mr. Lim Ah Hock and Mr. Han Fatt Juan were re-elected and approved to the Board of Director until the end of their terms in 10 December 2025.
6 – Reason of Change Mr. Paul Lim Pay Chuan, Mr. Lim Ah Hock and Mr. Han Fatt Juan were last re-elected during the General Meeting of Shareholders held on 10 December 2021. As per the aforesaid two (2) years’ term, they are subject to re-election by 10 December 2023.

[Disclosure] Decision on Non-Dividend Distribution (Unofficial Translation)

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Disclosure Details:

1 – Type of Dividend Others
2 – Total Dividend Amount N/A
3 – Dividend Payout Ratio N/A
4 – Dividend Per Share N/A
5 – Dividend Period Annually
6 – Record Date 2023-11-07
7 – Payment Date 2023-12-07
8 – Date of Resolution 2023-12-07
9 – Description PESTECH (CAMBODIA) PLC. (“PEPC”) is pleased to announce to all shareholders that PEPC will not distribute dividend to shareholders for financial year ended 30 June 2023. PEPC recorded a Loss After Tax of KHR23,246 million, representing a decrease of KHR25,716 million as compared to the Profit After Tax for the financial year 30 June 2022 at KHR2,470 million. The Board of PEPC had proposed not to declare dividend for the financial year ended 30 June 2023 due to the loss-making position. The shareholders attending the Annual General Meeting conducted on 7 December 2023 had voted in favour of such resolution.
10 – Reason N/A

[Disclosure] Press Release on the Minutes of the General Shareholders’ Meeting (Unofficial Translation)

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Disclosure Details:

1 – Date of Meeting 2023-12-07 10:00
2 – Agenda 9:00 a.m. Registration of Shareholders

10:00 a.m. Outline the meeting agenda and presentation on the voting process

10:05 a.m. Opening Speech by Chairman of the Meeting, Mr. Lim Ah Hock

10:10 a.m. Approval of the following resolutions:

1. Approval on the remuneration of the Board of Directors
2. Approval on the re-election of Mr. Paul Lim Pay Chuan, the Executive Chairman of the Company, in accordance with Article 18.1 of the Company’s Articles of Incorporation
3. Approval on the re-election of Mr. Han Fatt Juan, the Executive Director and Chief Executive Officer of the Company, in accordance with Article 18.1 of the Company’s Articles of Incorporation
4. Approval on the re-election of Mr. Lim Ah Hock, the Executive Director of the Company, in accordance with Article 18.1 of the Company’s Articles of Incorporation
5. Approval on the election of Mr. Dav Ansan, Independent Non-Executive Director, in accordance with Article 18.1 of the Company’s Articles of Incorporation
6. Approval on decision not to declare and distribute dividend for the financial year ended 30 June 2023
7. Approval on authority to declare and distribute dividend for the financial year ending 30 June 2024
8. Authority to Issue shares pursuant to the Company’s Articles of Incorporation
9. Approval of appointment Ms. Pan Seng Wee as Executive Director of the Company

10:40 a.m. Collect Ballot Paper and Announcement of Voting Results

11:00 a.m. End of Meeting

3 – Results in Points The 9 resolutions tabled for approval were carried as follows:
1. Approval on the remuneration of the Board of Directors
2. Approval on the re-election of Mr. Paul Lim Pay Chuan, the Executive Chairman of the Company, in accordance with Article 18.1 of the Company’s Articles of Incorporation
3. Approval on the re-election of Mr. Han Fatt Juan, the Executive Director and Chief Executive Officer of the Company, in accordance with Article 18.1 of the Company’s Articles of Incorporation
4. Approval on the re-election of Mr. Lim Ah Hock, the Executive Director of the Company, in accordance with Article 18.1 of the Company’s Articles of Incorporation
5. Approval on the election of Mr. Dav Ansan, Independent Non-Executive Director, in accordance with Article 18.1 of the Company’s Articles of Incorporation
6. Approval on decision not to declare and distribute dividend for the financial year ended 30 June 2023
7. Approval on authority to declare and distribute dividend for the financial year ending 30 June 2024
8. Authority to Issue shares pursuant to the Company’s Articles of Incorporation
9. Approval of appointment Ms. Pan Seng Wee as Executive Director of the Company
4 – Other N/A

[Disclosure] First Quarterly Report of PESTECH (Cambodia) Plc. for the year 2024 (Unofficial Translation)

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Disclosure Details:

In the first quarter period ended 30 September 2023, the total revenue of PEPC is KHR8,609 million representing a decrease of KHR24,147 million or 73.7% as compared to KHR32,756 million for the first quarter of the Financial Year ended 30 June 2023. The changes in revenue reflected the execution progress of various projects in Cambodia.

As at 30 September 2023, the total asset is KHR1,163,115 million representing a decrease of KHR36,371 million or 3.03% as compared to KHR1,199,486 million in the financial year ended 30 June 2023 and total equity is KHR80,012 million representing a decrease of KHR11,396 million or 12.47% as compared to KHR91,408 million in the financial year ended 30 June 2023.

The significant indicators in the first quarter of FY 2024 are as follows:

Current Ratio:1.43
Quick Ratio: 1.40
Return on Assets: (1.05)%
Return on Equity: (15.26)%
Gross Profit Margin: 26.36%
Loss Margin: (141.78)%
Loss per Share: KHR (162.87)

[Disclosure] Decrease in Revenue (Unofficial Translation)

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Disclosure Details:

Period Quarter
1 – Details of Changes Current Quarter Previous Quarter Change Amount Change Rate (%)
– Sales Amount KHR8,609 million KHR32,756 million (KHR24,147 million) (73.7%)
– Operating Profit (KHR1,612 million) KHR2,459 million (KHR4,071 million) (165.56%)
– Net Profit/Loss (KHR12,206 million) (KHR5,332 million) (KHR6,874 million) (128.9%)
2 – Shareholder Equity ≥30 Billion KHR
3 – Description Decrease in Revenue
Decrease in Operating Profit
Decrease in Net Profit
4 – Reason

The revenue for the quarter under review was recorded at KHR8,609 million, representing a decrease of KHR24,147 million or 73.7% as compared to preceding year corresponding quarter that was recorded at KHR32,756 million. The changes in revenue reflected the execution progress of various projects in Cambodia. Lower revenue in the current quarter under review was mainly due to the completion of East Siem Reap project in March 2023 and lower project progress being recognised by Laos Border and Jica projects as compared to preceding year corresponding quarter.

The operating loss for the current quarter under review was KHR1,612 million as compared the operating profit of KHR2,459 million in the preceding year corresponding quarter, representing a decrease of KHR4,071 million or 165.56%.

The loss after tax for the current quarter under review was KHR12,206 million as compared to loss after tax of KHR5,332 million in the preceding year corresponding quarter, representing a increase of KHR6,874 million or 128.9%.

[Disclosure] The Amendment to the Announcement of The General Meeting of Shareholders of PESTECH (Cambodia) PLC. (Unofficial Translation)

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Disclosure Details:

NOTICE IS HEREBY GIVEN THAT in accordance with the Board’s resolution dated 20 October 2023, PESTECH (Cambodia) PLC. (“PCL”) would like to make the following amendments to the General Meeting of Shareholders dated 29 September 2023 as follows:

• Date of the Annual General Meeting: 7 December 2023 at 10:00 AM instead of the earlier announced date of 8 November 2023.
• The Record Date for the AGM is on 8 November 2023 instead of 16 October 2023.
• New item added to the Agenda:
“Approval of appointment Ms. Pan Seng Wee as Executive Director of the Company”

[Disclosure] Annual report of PESTECH (Cambodia) PLC. for the year 2023 (Unofficial Translation)

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Disclosure Details:

For the financial year ended 30 June 2023, PESTECH (Cambodia) PLC (“PEPC”) has total revenue of KHR 79,517 million representing a decrease of KHR 136,838 million or​ equal to 63.25% as compared to KHR 216,355 million in the financial year ended 30 June 2022.
At the end of 30 June 2023, PEPC has total assets of KHR 1,199,486 million representing a decrease of KHR 2,796 million or 0.23% as compared to KHR 1,202,282 million in the financial year ended 30 June 2022 and total equity is KHR 91,408 million representing a decrease of KHR 18,608 million or 16.91% as compared to KHR 110,016 million in the financial year ended 30 June 2022.

The significant indicators for the financial year ended 30 June 2023 are as follows:
1. Current Ratio: 1.16
2. Quick Ratio: 1.13
3. Return on Assets: (1.94) %
4. Return on Equity: (25.43)%
5. Gross Profit Margin: 36.86%
6. Profit Margin: (29.23)%
7. Earnings per Share: KHR (310.17)