Business Highlights January 29 January Wasco Coatings Middle East QFZ LLC was awarded a major contract encompassing two development phases: North Field East (“NFE”) and North Field South (“NFS”). This project aims to significantly increase Qatar’s LNG production capacity. Wasco Coatings Middle East QFZ LLC will provide FBE anti-corrosion coating and concrete weight coating for over 300 km of pipes, ranging in size from 6 inches to 28 inches, including 38-inch pipes coated entirely in Qatar. The project is expected to be completed by December 2024, bolstering Qatar’s position as a global energy leader. February 10 February Wasco had successfully secured a medium scaled offshore contract to provide >160km pipe coating services to Shell Australia. The Crux project involves the development of the Crux gas field, located in commonwealth marine waters in the northern Browse basin approximately 190km offshore north-west Australia. The project had commenced in October 2023 and coating process is expected to complete by August 2024 and loadout process in March 2025. 15 February Disposal of Leasehold Land by Petro-Pipe Industries (M) Sdn. Bhd. completed. 23 February 4QFY2022 Financial Results Announcement & Analyst Briefing. March 13 March Wasco had successfully secured a multi-million-dollar contract to provide >200km pipe coating services for Sarawak Shell Berhad in Bintulu, Sarawak. The Rosmari-Marjoram project includes a remote offshore platform, onshore gas plant, and an extensive 200+ km sour wet gas offshore pipeline. Phase 1 of the project had commenced in September 2023 and expected to complete by June 2024. 21 March WSIPL Australia Pty Ltd (“WSIPL Australia”) was deregistered on 23 February 2023, as per regulations of the Australian Securities & Investments Commission. WSIPL Australia, incorporated on 10 May 1976, was wholly-owned by Wah Seong International Pte Limited. April 7 April Appointment of Datin Wan Daneena Liza Binti Wan Abdul Rahman as Wasco Berhad’s Independent Non-Executive Director. 12 April Appointment of Ms Lily Rozita Binti Mohamad Khairi as Wasco Berhad’s Independent Non-Executive Director. May 9 May Wasco’s >20km pipe coating services for carbon capture storage project (Porthos) for Nederlandse Gasunie (“NG”). The project is designed to capture carbon dioxide from industrial sites in the port of Rotterdam and transport it to abandoned gas field offshore for storage. The project commenced in November 2023 and coating process is expected to complete by June 2024. 23 May 1QFY2023 Financial Results Announcement and Analyst Briefing. 23 May Establishment of the Governance, Compliance, and Risk Committee, and merger of the Nomination Committee and Remuneration Committee into the Nomination and Remuneration Committee. Redesignation of Encik Halim Bin Haji Din as Wasco Berhad’s Non-Independent Non-Executive Director. Redesignation of Tan Sri Professor Lin See Yan as Wasco Berhad’s Non-Independent Non-Executive Director. Appointment of Tan Sri Saw Choo Boon as Wasco Berhad’s Senior Independent Non-Executive Director. 20 Integrated Annual Report 2023
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