META BRIGHT GROUP BERHAD — M&A Activity 2026

May 19, 2026

Meta Bright
正28 Group 简20

PRESS RELEASE

FOR IMMEDIATE RELEASE

Meta Bright Executes RM9.3 Million Vertical Expansion into Better-Margin EPCC and Electrical Engineering Market

• Pivots the Group from a pure-play energy investor into a full-suite service provider, capturing better-margin electrical engineering, complex project design, and end-to-end EPCC capabilities.
• Positions the Group to capitalise on accelerating grid modernisation, energy demand spurred by global energy security concerns and ongoing Middle East tensions.
• The RM9.29 million acquisition is supported by a secure RM15.0 million profit guarantee over five years.
• Unlocks immediate entry into heavy industrial channels via an active secured contract book of not less than RM23.6 million, complemented by an elite portfolio of licenses and registrations, such as PETRONAS, PETROS, CIDB, and RPVSP

KUALA LUMPUR, 20th MAY 2026 – Meta Bright Group Berhad (“Meta Bright” or “the Group”) today announced that it has entered into a conditional share sale agreement to acquire a 70.0% equity interest in TTOP Industrial & Engineering Sdn Bhd (“TIESB”) for a total purchase consideration of RM9.29 million. This marks a fruitful conclusion from the earlier Head of Agreement signed between the parties, which previously announced on 27 March 2026.

The transaction marks a definitive and aggressive vertical expansion for the Group. By acquiring a controlling stake in TIESB, Meta Bright fundamentally and strategically transforms from a pure green energy asset investor into a fully integrated, end-to-end energy service provider. Crucially, this acquisition moves the Group beyond standard solar installations and directly into relatively complex, higher-margin electrical engineering work, such as specialised substation design, EV terminal construction, transmission engineering solutions, and electrical infrastructure maintenance.

In addition, this vertical integration effectively reshapes the Group's operational cost structure. By internalising these advanced engineering capabilities, Meta Bright eliminates third-party contractor leakage, mitigating execution risk while driving significant margin expansion across its entire energy portfolio.

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Press Release - Meta Bright Executes RM9.3 Million Vertical Expansion into Better-Margin EPCC and Electrical Engineering Market

The timing of the acquisition aligns directly with massive macroeconomic tailwinds. Global energy markets are currently experiencing sustained volatility driven by heightened Middle East tensions, forcing governments and corporations to aggressively accelerate their transition toward renewable energy and grid resilience. This energy crisis has created an unprecedented surge in demand for fully certified, comprehensive electrical engineering and EPCC providers.

Mr. Derek Phang Kiew Lim, Executive Director of Corporate and Strategic Planning of Meta Bright Group Berhad, commented on the transaction:

"The global energy landscape is changing quickly, and the push for energy transition is stronger than ever. By bringing TTOP into the Group, Meta Bright is no longer just investing in renewable and energy efficiency assets; we are now a complete service provider capable of handling electrical-related projects.

TTOP is more than a standard solar installer. The group specialises in low-voltage to high-voltage electrical works for distribution and transmission services, supporting industrial plants and commercial facilities across maintenance, improvement and expansion projects.

Its technical expertise covers complex substation design, electrical engineering and energy infrastructure execution, supported by essential registrations and licences, including PETRONAS, PETROS, CIDB and RPVSP. Backed by an RM15.0 million profit guarantee, this acquisition strengthens our margin potential and positions Meta Bright to capture broader opportunities across the energy and electrical infrastructure sectors.

The RM9.29 million purchase price will be paid using RM1.0 million in cash and RM8.29 million through the issuance of 51.8 million new Meta Bright shares at an issue price of RM0.16 each.

To protect the Group and its shareholders, the seller will only receive their full shares if TTOP achieves a predetermined PAT each year. The shares will be kept locked and released in stages based on these yearly targets:

• FY2027: RM2.00 million Guaranteed NPAT
• FY2028: RM2.85 million Guaranteed NPAT

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Press Release - Meta Bright Executes RM9.3 Million Vertical Expansion into Better-Margin EPCC and Electrical Engineering Market

• FY2029: RM3.15 million Guaranteed NPAT
• FY2030: RM3.35 million Guaranteed NPAT
• FY2031: RM3.65 million Guaranteed NPAT

The acquisition also brings valuable industry licenses to Meta Bright. TIESB and its subsidiaries hold active registrations with the Sustainable Energy Development Authority Malaysia (SEDA), Construction Industry Development Board (CIDB), the Energy Commission, and UPKJ.

This includes a PETRONAS license covering 15 Standardised Work and Equipment Categories (SWEC) through Sangga Tiga (KL) Sdn Bhd, and a Petroleum Sarawak Berhad license held by Sangga Tiga (Sarawak) Sdn Bhd, which opens up project opportunities in East Malaysia. These licences enable the group to expand its customer base across the oil & gas industry through the provision of energy-related services

The proposed acquisition is expected to be completed in the fourth quarter of 2026.

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Issued by: Aegis Communication on behalf of Meta Bright Group Berhad
Date: 20th May 2026
For further media enquires please contact:

Jason Fong
Tel: +6012 863 1134
Email: jason@aegiscomm.com.my

About Meta Bright Group Berhad

Meta Bright Group Berhad ("Meta Bright" or "the Group") is a Main Market-listed investment holding company in Malaysia with a diversified portfolio encompassing hospitality, investment property, property development, energy, leasing and financing, and building materials sectors. Meta Bright is driven by a commitment to operational excellence, innovation, and sustainable growth. Leveraging its robust industry expertise and forward-thinking approach, the Group continuously explores new opportunities while enhancing its existing businesses. Focused on creating long-term value, Meta Bright aims to strengthen its market presence while positively impacting the communities it serves, guided by a culture of collaboration, efficiency, and prudent decision-making.