The Board of Directors of Steel Hawk ("Board") is pleased to announce that Steel Hawk Engineering Sdn Bhd ("SHESB"), a wholly-owned subsidiary of Steel Hawk, had on 30 May 2022 accepted the letter of award ("LOA") awarded by PBH Engineering Sdn Bhd ("PBHE") in relation to the provision of details engineering design, procurement, construction, installation and commissioning (cold) of storage and handling facilities for Propylene Oxide and Ethylene Oxide ("Services") operations in Kerteh, Terengganu.

Please refer to the attachment for further details.

This announcement is dated 30 May 2022.