【SUNLOGY 0345 交流专区】

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IPO Prospectus

ES SUNLOGY BERHAD

Subject

INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) COMPRISING: (I) PUBLIC ISSUE OF 140,000,000 NEW ORDINARY SHARES IN OUR COMPANY (“SHARES”) IN THE FOLLOWING MANNER: • 35,000,000 NEW SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; • 17,500,000 NEW SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS, EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP; • 87,500,000 NEW SHARES BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INVESTMENT, TRADE AND INDUSTRY; AND (II) OFFER FOR SALE OF 70,000,000 EXISTING SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS AT AN ISSUE/ OFFER PRICE OF RM0.30 PER SHARE, PAYABLE IN FULL UPON APPLICATION.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3519451

Attachments ES Sunlogy Berhad - Detailed Procedures for E-IPO Share Application and Acceptance.pdf ES Sunlogy Berhad - Prospectus (Part 1).pdf ES Sunlogy Berhad - Prospectus (Part 2).pdf

Opening of application	27 Jan 2025
Closing of application	05 Feb 2025
Balloting of application	10 Feb 2025
Allotment of IPO shares to successful applicants	18 Feb 2025
Tentative listing date	20 Feb 2025

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ES SUNLOGY BERHAD - INITIAL PUBLIC OFFERING IN CONJUNCTION WITH OUR LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) AT AN ISSUE/ OFFER PRICE OF RM0.30 PER SHARE, PAYABLE IN FULL UPON APPLICATION.
Tricor Investor & Issuing House Services Sdn Bhd wishes to announce that the 35,000,000 Issue Shares made available for application by the Malaysian public have been oversubscribed.

A total of 23,723 applications for 2,139,387,000 Issue Shares with a value of RM641,816,100.00 were received from the Malaysian public, which represents an overall oversubscription rate of 60.13 times.

The notices of allotment will be posted to all successful applicants on 18 February 2025.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3522360

Attachments Press Release-Es Sunlogy Bhd 1.pdf Press Release-Es Sunlogy Bhd 2.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Oct 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Oct 2024	31 Oct 2023	31 Oct 2024	31 Oct 2023
		MYR'000	MYR'000	MYR'000	MYR'000

1	Revenue	63,544	0	63,544	0
2	Profit/(loss) before tax	4,786	0	4,786	0
3	Profit/(loss) for the period	3,649	0	3,649	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,647	0	3,647	0
5	Basic earnings/(loss) per share (Subunit)	0.65	0.00	0.65	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent	0.1100		0.1000

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Initial Public Offering

ES SUNLOGY BERHAD

Date of Listing	20 Feb 2025
Enlarged Issued Share Capital in the following
Units	700,000,000
Currency	Malaysian Ringgit (MYR)
Par Value (if applicable)
Enlarged Issued Share Capital	92,344,003.000
Stock Code	0345
Stock Name	SUNLOGY
ISIN code	MYQ0345OO007
Board	ACE Market
Bursa Sector	CONSTRUCTION
Bursa Sub Sector	CONSTRUCTION
Do you wish to list any child stock / new type of securities in conjunction with the IPO/Admission to LEAP Market?	No

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ES SUNLOGY BERHAD

Particulars of substantial Securities Holder

Name	MR KHOR CHUAN MENG
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	18 Feb 2025	21,000,000	Others	Direct Interest
	Name of registered holder	Khor Chuan Meng
	Description of "Others" Type of Transaction	Offer for Sale

Circumstances by reason of which change has occurred	Offer for Sale in conjunction with Initial Public Offering
Nature of interest	Direct Interest
Direct (units)	147,000,000
Direct (%)	21
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	147,000,000
Date of notice	20 Feb 2025
Date notice received by Listed Issuer	20 Feb 2025

Name	DATUK KEH CHUAN SENG
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	18 Feb 2025	28,000,000	Others	Direct Interest
	Name of registered holder	Datuk Keh Chuan Seng
	Description of "Others" Type of Transaction	Offer for Sale

Circumstances by reason of which change has occurred	Offer for Sale in conjunction with Initial Public Offering
Nature of interest	Direct Interest
Direct (units)	196,000,000
Direct (%)	28
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	196,000,000
Date of notice	20 Feb 2025
Date notice received by Listed Issuer	20 Feb 2025

Name	MR CHU KERD YEE
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	18 Feb 2025	21,000,000	Others	Direct Interest
	Name of registered holder	Chu Kerd Yee
	Description of "Others" Type of Transaction	Offer for Sale

Circumstances by reason of which change has occurred	Offer for Sale in conjunction with Initial Public Offering
Nature of interest	Direct Interest
Direct (units)	147,000,000
Direct (%)	21
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	147,000,000
Date of notice	20 Feb 2025
Date notice received by Listed Issuer	20 Feb 2025

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Type	Announcement
Subject	OTHERS
Description	ES Sunlogy Berhad (“ES Sunlogy” or “Company”) - Letter of Award for a Development of 29.99MWac Large-Scale Solar Photovoltaic System for Corporate Green Power Programme on Part of Lot 42, Mukim Padang China, Daerah Kulim, Kedah
The Board of Directors of ES Sunlogy Berhad (“ES Sunlogy” or the “Company”) wishes to announce that Savelite Engineering Sdn. Bhd. (“Savelite” or the “Sub-Contractor”), a wholly-owned subsidiary of the Company had on 8 March 2025 accepted a Letter of Award (“LOA”) dated 28 February 2025 from Atlantic Blue Sdn. Bhd. (“Atlantic Blue” or the “Main Contractor”) for a development of 29.99MWac Large-Scale Solar Photovoltaic (“LSSPV”) System (“Solar Facility”) for Corporate Green Power Programme (CGPP) on Part of the land located at Lot 42, Mukim Padang China, Daerah Kulim, Kedah (Selarong LSSPV Plant) (“Contract”) for a total contract price of RM34,000,000.00 only. Please refer to the attachment for further details. This announcement is dated 11 March 2025. Remarks: M & A Securities Sdn Bhd (“M&A”), being the Sponsor, was responsible for the admission of ES Sunlogy to the ACE Market of Bursa Malaysia Securities Berhad on 20 February 2025. M&A assumes no responsibility for the contents of this announcement.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3533458

Attachments ES Sunlogy - Letter of Award - final.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Jan 2025

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jan 2025	31 Jan 2024	31 Jan 2025	31 Jan 2024
		MYR'000	MYR'000	MYR'000	MYR'000

1	Revenue	100,023	0	163,567	0
2	Profit/(loss) before tax	5,494	0	10,280	0
3	Profit/(loss) for the period	3,876	0	7,525	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,901	0	7,548	0
5	Basic earnings/(loss) per share (Subunit)	0.70	0.00	1.35	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent	0.1200		0.1000

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Apr 2025

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Apr 2025	30 Apr 2024	30 Apr 2025	30 Apr 2024
		MYR'000	MYR'000	MYR'000	MYR'000

1	Revenue	75,611	0	239,178	0
2	Profit/(loss) before tax	3,423	0	13,704	0
3	Profit/(loss) for the period	2,478	0	10,004	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,477	0	10,026	0
5	Basic earnings/(loss) per share (Subunit)	0.35	0.00	1.43	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent	0.1500		0.0800

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Type	Announcement
Subject	OTHERS
Description	ES Sunlogy Berhad ("ES Sunlogy" or "Company") - Heads of Agreement entered into between the Company and Planet QEOS Sdn. Bhd. in relation to the Joint Development of a 155 MWp Large-Scale Solar Photovoltaic Power Plant with 310 MWhr integrated Battery Energy Storage Systems Project
The Board of Directors of ES Sunlogy (“Board”) wishes to announce that the Company had on 11 August 2025 entered into a Heads of Agreement with Planet QEOS Sdn. Bhd. for the purpose of jointly develop a 155 MWp large-scale solar photovoltaic power plant with 310 MWhr integrated Battery Energy Storage Systems to be located in Long Lama, Baram, Sarawak. Details of the announcement are set out in the attachment below. This announcement is dated 11 August 2025. Remarks: M & A Securities Sdn Bhd (“M&A”), being the Sponsor, was responsible for the admission of ES Sunlogy to the ACE Market of Bursa Malaysia Securities Berhad on 20 February 2025. M&A assumes no responsibility for the contents of this announcement.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3579356

Attachments HOA with Planet QEOS - 110825.pdf Press release.pdf

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Type	Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID	IQL-12082025-00001
Subject	Reply to Bursa Malaysia Securities Berhad's Letter dated 12 August 2025 in relation to the Heads of Agreement entered into between the Company and Planet QEOS Sdn. Bhd. in relation to the Joint Development of a 155 MWp Large-Scale Solar Photovoltaic Power Plant with 310 MWhr integrated Battery Energy Storage Systems Project
Description	ES Sunlogy Berhad ("ES Sunlogy" or "Company") - Heads of Agreement entered into between the Company and Planet QEOS Sdn. Bhd. in relation to the Joint Development of a 155 MWp Large-Scale Solar Photovoltaic Power Plant with 310 MWhr integrated Battery Energy Storage Systems Project
Query Letter Contents	We refer to your Company’s announcement dated 11 August 2025, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- 1. The source(s) of funds for financing the investment in the joint venture by ES Sunlogy and the breakdown thereof. 2. The estimated total cost of the Project. 3. Expected commencement and completion date of the Project. 4. The source(s) of funds by ES Sunlogy in the event of any funding shortfall or where cash equity is required beyond bank loans for the Project, and the breakdown thereof.
Unless otherwise stated, all abbreviations used herein shall have the same meaning as those mentioned in the announcement dated 11 August 2025 in relation to the HOA.The Board of ES Sunlogy wishes to announce the additional information in relation to the HOA as required by Bursa Malaysia Securities Berhad (“Bursa Securities”) via its letter (Reference Number: IQL-12082025-00001), as follows: The source(s) of funds for financing the investment in the joint venture by ES Sunlogy and the breakdown thereof. For Bursa Securities’ information ES Sunlogy intends to fund the investment via a combination of bank borrowings and internally generated funds, in a proposed ratio of 80:20. ES Sunlogy is currently in close discussions with two banking institutions to secure the necessary financing facilities for the investment in the joint venture. The estimated total cost of the Project. The estimated total cost of the Project is RM488.18 million. Expected commencement and completion date of the Project. The pre-development period is estimated to be not later than 18 months from the date of the Heads of Agreement (“HOA”), which was executed on 11 August 2025. Project commencement is expected to take place following the pre-development phase, with targeted completion no later than the end of 2027. For avoidance of doubt, the HOA serves as a memorandum of understanding and does not constitute the final joint venture agreement. The definitive joint venture agreement is expected to be negotiated and executed within the 18-month pre-development period. The source(s) of funds by ES Sunlogy in the event of any funding shortfall or where cash equity is required beyond bank loans for the Project, and the breakdown thereof. In the event of a funding shortfall or where additional cash equity is required beyond bank loans for the Project, ES Sunlogy intends to meet such fundings requirements via equity fundings. This may involve the issuance of new shares to interested investors, subject to prevailing market conditions and approvals from Bursa Securities, shareholders and relevant authorities (if relevant), through a private placement exercise of up to 30.0% of its enlarged share capital. The Company will assess the appropriate funding structure at the relevant time to ensure optimal capital management and to support the timely execution of the Project. This announcement is dated 13 August 2025.Remarks:M & A Securities Sdn Bhd (“M&A”), being the Sponsor, was responsible for the admission of ES Sunlogy to the ACE Market of Bursa Securities on 20 February 2025. M&A assumes no responsibility for the contents of this announcement.