OVERVIEW About This Report 2 Our Business 4 Destini’s Presence 6 Corporate Diary 7 Subsidiaries and Sub-subsidiaries 14 Corporate Structure (Subsidiaries and Sub-Subsidiaries) 16 Corporate Information 18 LEADERSHIP Board of Directors 20 Key Senior Management 28 PERFORMANCE Chairman's Statement 30 Management Discussion and Analysis 33 SUSTAINABILITY REPORT Sustainability Statement 44 Environmental Stewardship 52 Social Responsibility 61 Governance 69 GOVERNANCE Corporate Governance Overview Statement 82 Statement on Risk Management and Internal Control 100 Audit Committee Report 105 Additional Compliance Information 109 Statement on Directors’ Responsibilities 112 FINANCIAL STATEMENTS Financial Report 114 List of Properties Owned 261 Statistics of Shareholding 262 Notice of Twenty-Second (22nd) Annual General Meeting 268 Proxy Form 275 CONTENTS
ABOUT THIS REPORT OVERVIEW BASIS OF THIS REPORT We are pleased to present Destini Berhad’s 2026 Annual Report, in which we have adopted the International Framework as issued by the IFRS Foundation in January 2023. This report illustrates our commitment to good governance and transparency and also includes discussions on sustainability and outlook to give our shareholders and stakeholders insights into our short-term and long-term plans. This report provides insights on the Group, its subsidiaries, joint ventures and associates’ activities and performance during the period of 1 July 2025 to 30 June 2026. It also includes any material events that occurred after this date and up to the date of this report’s publication. Enclosed in this report are the messages from Destini’s Independent Non-Executive Chairman as well as Group Managing Director, Group Chief Financial Officer and Group Chief Operating Officer which were approved by the Board of Directors (“Board”) on 27 October 2026. The information in this report addresses matters that are most material to our business and stakeholders. DESTINI BERHAD 02 ANNUAL REPORT 2026
OVERVIEW REPORTING APPROACH Integrated Report This report aims to provide stakeholders with a comprehensive overview and assessment of Destini’s financial and non-financial performance. Stakeholders will be able to better understand Destini’s business and sustainability strategies, operational performance and our approach to governance. Financial Report This report consists of the Directors’ Report, Audited Financial Statements and Independent Auditor’s Report. Stakeholders will be able to find detailed financial disclosures to our shareholders, investors and other interested parties. Sustainability Report This report discusses the Group’s performance in Environmental, Social and Governance contexts. It describes our initiatives and their outcomes that are aimed at creating positive and sustainable impacts for our stakeholders. Reporting Framework • Main Market Listing Requirements of Bursa Malaysia Securities Berhad • Corporate Governance Guide by Bursa Malaysia Securities Berhad • Companies Act 2016 • Malaysian Code on Corporate Governance • International/Malaysian Financial Reporting Standards • International Integrated Reporting Framework • Global Reporting Initiative (“GRI”) Standards Assurance • Internal controls and management assurance • Compliance and internal audit reviews • External audit by UHY Malaysia PLT on financial statements, governance and sustainability report This report contains forward-looking statements relating to future performance. These statements and forecasts are based on current assumptions and circumstances which could change. Various factors could cause actual results to differ materially from those expressed or implied by these forward-looking statements. DESTINI BERHAD 03 ANNUAL REPORT 2026
OUR BUSINESS Destini Berhad (“Destini” or “the Company”) and its subsidiaries (“the Group”) is an integrated engineering solutions provider with diverse interests in aviation & defence, energy, mobility and marine. The Group has a business presence in Malaysia, Singapore, China, Australia, United Arab Emirates (“UAE”) and New Zealand. Our services are provided worldwide to local and international clients. Supplies safety and survival-related equipment and provides maintenance, repair and overhaul (“MRO”) services for the Royal Malaysian Air Force’s airborne and non-airborne assets and civil airline aircraft, both fixed and rotary winged aircraft. Supplies of safety and survival equipment. Cylinder testing and calibration services. Aircraft search, rescue and salvage. Provides Level 1 to Level 4 MRO services for Electric Trains. Assembly, fabrication, refurbishment and MRO of train sets and rail components. Supply and deployment of electric vehicles including specialised EV platforms, for public and commercial sectors. EV Fleet as a service and wet leasing solutions with charging, maintenance and full lifecycle support. Supply and integration of special purpose and mission-critical vehicles for defence, emergency response and industrial applications. AVIATION & DEFENCE MOBILITY OVERVIEW DESTINI BERHAD 04 ANNUAL REPORT 2026
Engineering, Procurement, Construction, Installation and Commissioning of renewable energy systems. Provides tubular running services for upstream onshore and offshore drilling programmes. Well delivery services which include a comprehensive tubular and drilling programme. Supply of handling and drilling tools. Manufacture and supply of lifeboats, fast rescue boats, outboard and inboard diesel engines, davit systems, hooks and heat exchangers for commercial shipping and oil and gas industry. Manufacture and supply of proprietary SelfPropelled Hyperbaric Lifeboats used in deep sea diving operations. Provides MRO services relating to lifeboats, davits, load testing equipment, fire safety and other marine assets. ENERGY MARINE OVERVIEW DESTINI BERHAD 05 ANNUAL REPORT 2026
DESTINI’S PRESENCE DESTINI’S PRESENCE AUSTRALIA SINGAPORE MALAYSIA UAE NEW ZEALAND CHINA OVERVIEW DESTINI BERHAD 06 ANNUAL REPORT 2026
CORPORATE DIARY 2012 MARCH Destini acquired a 50% stake in automotive supply and service company System Enhancement Resources & Technologies Sdn. Bhd. (“SERT”). AUGUST The suspension of trading in Destini’s shares was uplifted by Bursa Securities on 13 August after its regularisation plan was approved. DECEMBER Destini acquired a 51% stake in Singapore-based Vanguard Composite Engineering Pte Ltd (currently known as Vanguarde Pte Ltd), a company that manufactures lifeboats, fast rescue boats, davit systems and a host of other safety equipment for the marine and oil and gas industries. 2013 APRIL • Destini acquired Techno Fibre Group to wholly own Techno Fibre Australia Pte. Ltd., Techno Fibre Middle East Marine Services FZE, Technofibre International Sdn. Bhd. (currently known as Techno Fibre (M) Sdn. Bhd.), and Techno Fibre (S) Pte. Ltd. The Techno Fibre Group is in the business of lifeboat and davit maintenance. • After completing its regularisation plan and achieving profits for two consecutive quarters, Destini was uplifted from PN17 status. AUGUST The Group acquired its own building in Glenmarie Industrial Park, Shah Alam, to house its corporate office and workshop facility. 2014 APRIL Completed the purchase of oil and gas service provider Samudra Oil Services Sdn. Bhd., currently known as Destini Oil Services Sdn. Bhd. (“DOS”). 1991 MARCH Satang Jaya Sdn. Bhd. (“Satang Jaya”) commenced operations as an aviation tools and spare parts supplier. 1998 MAY Satang Jaya was awarded the contract to provide maintenance, repair and overhaul (“MRO”) services on the Royal Malaysian Air Force’s (“RMAF”) safety and survival equipment under the Ministry of Defence Malaysia’s (“MINDEF”) RMAF Contractorisation Programme. 2005 MARCH Satang Jaya entered Bursa Malaysia Securities Berhad (“Bursa Securities”), under the name Satang Jaya Holdings Berhad and subsequently changed its name to Satang Holdings Berhad (“Satang Holdings”) in April 2007. 2008 MAY Satang Holdings triggered the prescribed criteria pursuant to Practice Note 17 (“PN17”) of the Main Market Listing Requirements (“Listing Requirements”) of Bursa Securities. 2009 JULY Satang Holdings shares were suspended from trading by Bursa Securities on 13 July 2009. 2011 SEPTEMBER As part of its regularisation plan, Satang Holdings changed its name to Destini Berhad to reflect a synergised and aligned business direction. The name change is also part of a turnaround plan for the Group to strengthen its financial muscles while exploring new business ventures. OVERVIEW DESTINI BERHAD 07 ANNUAL REPORT 2026
CORPORATE DIARY AUGUST Destini acquired a 50% stake in Detrac Sdn. Bhd. (currently known as Destini Mobility Sdn. Bhd.) to become the research and development arm of the Group. Subsequently, the Group increased its shareholding in Detrac to 70% in November 2014. 2015 JUNE • Destini acquired an 80% stake in Safeair Technical Sdn. Bhd. (“SAT”), a company that provides Line Maintenance services for commercial airlines in local airports. • Destini Aviation Sdn. Bhd. (“DASB”) entered into a joint venture agreement with UK-based Avia Technique Limited to establish a new joint venture company called Destini Avia Technique Sdn. Bhd. (“DAT”), currently known as Avia Technique Asia Sdn. Bhd. DAT was incorporated to carry on the provision of inspection, repair and overhaul services for commercial aircraft components. NOVEMBER Destini acquired the remaining 49% stake in Vanguarde, making the lifeboat maker a wholly-owned subsidiary of the Group. DECEMBER The Group acquired Destini Shipbuilding and Engineering Sdn. Bhd. (“DSBE”) to enable it to fabricate six 44.25-meter New Generation Patrol Craft worth RM381.30 million for the Malaysian Maritime Enforcement Agency (“MMEA”). 2016 MARCH Vanguarde received a contract to supply eight Self- Propelled Hyperbaric Lifeboats to UK-based JFD. JUNE SERT accepted its first rail-related award from the Ministry of Transport for the design, manufacture, supply, delivery, testing and commissioning of a new motor trolley and road rail vehicle for Keretapi Tanah Melayu Berhad (“KTMB”) worth RM62 million. SEPTEMBER TF Corp Pte. Ltd. subscribed 60% shares in IMES Marine Safety Systems Limited, the company currently known as Destini Marine Safety Solutions Ltd. The company is principally in the business of inspection, testing, repair and maintenance of marine safety systems such as lifeboats and its components. OCTOBER Destini entered into a Joint Venture Agreement with TH Heavy Engineering Berhad (“THHE”) to establish an unincorporated joint venture to procure the award for the supply, delivery, testing and commissioning of three 80-meter Offshore Patrol Vessels (“OPV”) for the MMEA. NOVEMBER DSBE and THHE’s wholly-owned subsidiary THHE Fabricators Sdn. Bhd., formed a joint venture company, Gigih Integrasi Sdn. Bhd., to undertake the fabrication of the three OPVs. Gigih Integrasi Sdn. Bhd. is now known as THHE Destini Sdn. Bhd. DECEMBER The Group secured a three-year contract extension to provide MRO services and to supply safety and survival-related equipment to the RMAF for RM98.20 million. 2017 JANUARY THHE Destini Sdn. Bhd., a 51:49 joint venture company between THHE and Destini secured a contract worth RM738.9 million for the supply, delivery, testing and commissioning of three OPVs for the MMEA. FEBRUARY Destini acquired a 70% stake in safety and security equipment company, Halaman Optima Sdn. Bhd., for RM5.5 million to enable the Group to supply six multipurpose armed reconnaissance helicopters worth RM321.9 million to Royal Malaysian Army. JUNE DASB entered into a Joint Venture and Shareholders Agreement with Sapura Aero Sdn. Bhd. to incorporate a Joint venture company that is to be in the business of rotary wing and fixed aircraft sale, supply and provision of MRO in relation to aircraft and helicopters and the provision of programmes such as wet leasing and dry leasing of aircraft. OVERVIEW DESTINI BERHAD 08 ANNUAL REPORT 2026
NOVEMBER Destini Armada Pte. Ltd. acquired a 70% stake in AMS Marine Pte. Ltd., a Singapore-based company that is in the business of design, fabrication and servicing of heat exchangers, fabrication, installation and erection of piping and steelworks and non-destructive testing to the marine and oil and gas industry. 2018 APRIL • Destini Engineering Technologies Sdn. Bhd. (“DET”) inked an MOU with Felcra Berhad to provide MRO services for industrial facilities and equipment for agriculture and related industries within Malaysia and the ASEAN region. • DOS was awarded a two-year umbrella contract by PETRONAS Carigali Sdn. Bhd. (“PCSB”) for the provision of well abandonment integrated services. • Destini Prima Sdn. Bhd. (“DPSB”) accepted an award from the MINDEF for an additional RM138 million to an existing contract to provide MRO services and the supply of safety and survival equipment for the RMAF. MAY DOS was awarded a US$8 million (RM31.76 million) contract to be Pakistan-based Lyallpur Oil Tool Pvt Ltd’s technical partner for tubular running services in Pakistan. JULY The Group received a conditional work order for the provision of well abandonment integrated services for Pulai B platform, off the coast of Terengganu. This came under the two-year umbrella contract by PCSB for the provision of well abandonment integrated services that Destini received in April. AUGUST DOS received an award from POSCO Daewoo Corporation for the provision of tubular running services in Myanmar for US$5.2 million (RM21.17 million) DECEMBER DOS was awarded the provision of tubular handling, conductor installation and slot recovery equipment and service for the Pan Malaysia Petroleum Arrangement Contractors (“PAC”) Operators Drilling Program by PCSB. 2019 JANUARY • DPSB received a letter of extension from the Ministry of Home Affairs to provide MRO services, technical assistance and supply of spares related to safety and survival equipment, ground support and mechanical equipment, electronic equipment, airborne multisensory system and flight operations system for the Royal Malaysia Police Air Wing for a period of three years until November 2021 for RM10 million. • DOS received a letter of award for the provision of tubular running services for exploration and appraisal and infill drilling campaigns at the lower part of the Gulf of Thailand near the South China Sea for Carigali-PTTEPI Operating Company Sdn. Bhd. The tenure of the contract is two years with a one-year extension option. MARCH DOS was awarded the provision for tubular handling, conductor installation and slot recovery equipment and services for PAC Operators’ Drilling Program for Sarawak Shell Berhad. APRIL DAT entered into an aircraft safety equipment maintenance support agreement with Malindo Airways Sdn. Bhd. and Thai Lion Mentari Co Ltd, to supply, test, repair, and carry out overhaul activities on aircraft safety equipment. The agreement’s tenure is three years with an option to extend for another two years. JULY DOS received a three-year contract from Petrofac (Malaysia-PM304) Limited for the provision of tubular handling equipment and running services. OCTOBER DOS was awarded the PAN Malaysia Umbrella Contract for the Provision of Integrated Well Services for Intervention, Workover and Abandonment for PACs from PCSB. The contract runs on a call-out basis through the issuance of work orders and would expire in 2024 unless it is extended. DECEMBER DPSB secured a RM50.18 million contract from MINDEF for the extension of the existing contract to provide MRO services and the supply of safety and survival equipment to the RMAF for one year. OVERVIEW DESTINI BERHAD 09 ANNUAL REPORT 2026
2020 APRIL DOS received a letter of award for the provision of tubular equipment and services for JX Nippon Oil & Gas Exploration (Malaysia) Limited’s drilling campaign. The tenure of the contract is for four years with a oneyear extension option. JULY • DETSB was awarded a contract from Wira Syukur (M) Sdn. Bhd. to provide mechanical and electrical systems for the commercial development of GrenePark Village in Semenyih for a sum of RM17.39 million. • DPSB was awarded a contract from MINDEF to supply non-proprietary aircrafts parts for the RMAF. It allows DPSB and 29 other local companies identified by MINDEF to participate in parcels of bidding should RMAF require any non-proprietary aircraft parts. The contract has a combined ceiling of RM121 million. DECEMBER DPSB received a letter of award from MINDEF for the extension of the existing contract to provide MRO services and the supply of safety and survival equipment for the RMAF for RM30.37 million. 2021 FEBRUARY Destini entered into a 70:30 Joint Venture and Shareholders Agreement with KTMB to enable the Group to expand its capabilities to provide heavy maintenance work on rail assets in Malaysia. AUGUST DOS secured an award from Repsol Oil and Gas Malaysia for the provision of tubular handling and conductor installation equipment and services. OCTOBER Destini inked a Memorandum of Understanding with Siemens Mobility Sdn. Bhd. for the latter to act as Destini’s Technical Assistance Advisor in providing MRO services for electrical trainset components in Malaysia. CORPORATE DIARY NOVEMBER Destini entered into a Heads of Agreement with Indonesia State-Owned PT Industry Kereta Api (“PT INKA”) to identify and pursue opportunities in the railway system business sector and infrastructure projects in Indonesia, Malaysia and the region. DECEMBER Destini secured its maiden solar project from Indah Water Konsortium Sdn. Bhd. (“IWK”) for the engineering, procurement, construction and commissioning of solar photovoltaic systems at IWK’s sewerage treatment plants across Malaysia. 2022 JANUARY • DPSB accepted a letter of award for the extension of an existing contract to provide MRO services and the supply of safety and survival equipment to RMAF for RM88 million. • DPSB accepted a letter of award to provide MRO services and the supply of component and spare parts for safety and survival equipment to the Malaysian Army’s Aviation Wing for RM0.99 million. • DSBE disposed of its 51% stake in THHE Destini, which has consequently ceased to be a joint venture company of the Group. MARCH DOS bagged a contract from EnQuest Petroleum Production Malaysia Ltd for the provision of tubular handling services off the coast of Terengganu. MAY M Rail Technics Sdn. Bhd. accepted a contract worth RM531.39 million from the Ministry of Transport Malaysia for Level 4 MRO on 35 units of Six Car Train Sets operated by KTMB for four and a half years. JUNE Destini hands over six multipurpose armed reconnaissance helicopters model MD530G to the Royal Malaysian Army after the completion of its Final Acceptance Test. These assets are manufactured by MD Helicopter Inc., a company based in the United States of America. OVERVIEW DESTINI BERHAD 10 ANNUAL REPORT 2026
SEPTEMBER • M Rail Technics Sdn. Bhd. accepted a contract worth approximately RM163.61 million from the Ministry of Transport Malaysia for the provision of Level 4 MRO services of 10 Electric Train Sets operated by KTMB. • Destini ESS Sdn. Bhd., a 70% owned subsidiary of Destini Berhad, signed an exclusive distribution agreement with Alpha ESS International Pte Ltd, a Singapore-based company, to locally distribute energy storage systems for residential and commercial applications, electric vehicle energy plus storage solution, and new products developed and manufactured by Alpha ESS Group. 2023 JUNE • DPSB accepted a letter of award from MINDEF for the procurement of scheduled and unscheduled maintenance, testing, technical services (modification, training, publication and consultation) and supply of spare parts and related components, for the non-airborne equipment to the RMAF. The value of the contract is approximately RM25.44 million. • DPSB accepted a letter of award from the MINDEF for the procurement, supply and delivery of 70MM rockets (2.72 inch) to the Malaysian Army. The value of the contract is approximately RM18.75 million. JULY • DOS accepted the Service Order from Northern Gulf Petroleum Pte. Ltd. for the Provision of Conductor Hammering and Tubular Running Services to support Rossukon Project, Gulf of Thailand, located at Rossukan field, block G6/48, offshore Gulf of Thailand, Kingdom of Thailand. The value of the contract is approximately USD 488,000.00. • DPSB accepted a contract from the MINDEF for the supply of non-proprietary aircraft spare parts for the RMAF for a contract ceiling. For the contract ceiling of RM403.8 million, to be shared with 29 other contractors. The contract will expire on 30 June 2025. SEPTEMBER • DPSB accepted a letter of award from MINDEF for the procurement, supply and delivery of FZ Rocket Motor to the RMAF. The value of the contract is RM19.04 million. • Destini Energy Sdn. Bhd. entered into a non-binding Collaboration Agreement with Maxland Energy Sdn. Bhd., a wholly-owned subsidiary of Priceworth International Berhad, currently known as Maxland Berhad. The parties shall collaborate with each other to develop and embark on renewable energy projects, including installation of solar panels at Indah Water Konsortium’s sewerage treatment plants, solar power projects in Sandakan, Malaysia and Victoria, Australia, and any other renewable energy projects to be secured by the Parties. • On 15 September 2023, Destini entered into a Memorandum of Understanding with National Defence University of Malaysia to collaborate in the areas of Research and Innovation, Training and Industrial Collaboration Programme. 2024 MARCH On 13 March 2024, the Company completed the Rights Issue with Warrants following the listing and quotation of 3,327,063,258 Rights Shares and 1,663,531,629 Warrants B on the Main Market of Bursa Securities. JUNE On 12 June 2024, the Company completed the Share Consolidation following the listing of and quotation for 499,059,412 Consolidated Shares and 166,353,160 Consolidated Warrants B on the Main Market of Bursa Securities. OVERVIEW DESTINI BERHAD 11 ANNUAL REPORT 2026
As of 30 June 2024, Destini has streamlined its corporate structure by consolidating operations and removing dormant entities. This restructuring has not only reduced administrative complexities and optimising costs but also sharpened the Group’s focus on its core competencies. The following entities have either been struck off or disposed of their entire stake as part of this process: Struck Off: 1. Vanguarde Marine Engine Pte. Ltd. 2. PT Destini Marina Perkasa 3. Satang Environmental Sdn. Bhd. 4. Satang-ICS Global Sdn. Bhd. 5. DB Precision Sdn. Bhd. 6. DB Communications Sdn. Bhd. 7. Destini Alpha ESS Sdn. Bhd. 8. Destini Upstream Sdn. Bhd. 9. DLP Rail Sdn. Bhd. 10. Destini Ventures Sdn. Bhd. 11. Land Auto Technology Sdn. Bhd. 12. Destini Aero Teknologi Sdn. Bhd. 13. Destini First Sdn. Bhd. 14. Vanguarde Offshore Pte. Ltd. 15. TF Corp Saudi Arabia Co. Ltd. 16. HS Destini Sdn. Bhd. 17. Destini ESS Sdn. Bhd. 18. Destini Empire Properties Sdn. Bhd. 19. Vanguard Safety Technologies Sdn. Bhd. 20. Destini Australia Pty Ltd Disposed: 1. Safeair Technical Sdn. Bhd. 2. Avia Technique Asia Sdn. Bhd. (Formerly known as Destini Avia Technique Sdn. Bhd.) 3. Blackstone Dagangan Pte. Ltd. 4. Destini HRTC Sdn. Bhd. 5. Destini Engineering Technologies Sdn. Bhd. 6. System Enhancement Resources & Technologies Sdn. Bhd. NOVEMBER DPSB accepted a letter of award from the Ministry of Defence Malaysia for the Maintenance Services for Safety and Survival Equipment for Airborne Equipment. The contract is valued at approximately RM33.05 million. DECEMBER • In December 2024, Destini acquired the Trovon Group as new subsidiaries. Trovon brings to Destini extensive expertise in mainline, high-speed, freight, metro, and light rail component remediation services. The company’s capabilities encompass critical systems such as brake systems, HVAC, and train doors, complemented by its Artificial Intelligence (AI) driven predictive maintenance platform, further strengthening Destini’s position in the rail industry. • On 10 December 2024, M Rail Technics Sdn. Bhd. successfully conducted a Train Handover Ceremony to the Ministry of Transport Malaysia. The ceremony was officiated by the Deputy Prime Minister, YAB Datuk Seri Dr. Ahmad Zahid Hamidi, and attended by senior officials from the Ministry and Destini Group. During the event, four (4) SCS train sets and one (1) ETS train set were officially handed over to the Ministry, marking a significant milestone in the company’s contribution to Malaysia’s rail industry. 2025 JANUARY • On 20 January 2025, M Rail Technics Sdn. Bhd. held a Handover Ceremony for the ETS Class 93 train set. The ceremony was officiated by the Minister of Transport, YB Tuan Loke Siew Fook, and attended by representatives from the Ministry and Destini Group. The event marked the successful completion and delivery of the ETS Class 93 train set to the Ministry of Transport Malaysia. • DOS accepted a letter of award from EnQuest Petroleum Production Malaysia Ltd on 24 January 2025 for the provision of tubular running services for EnQuest. The value of the contract is approximately RM10 million. APRIL DOS accepted a letter of award from Hibiscus Oil & Gas Malaysia Limited on 25 April 2025 for the Provision of Tubular Handling Equipment and Services for PM3CAA. OVERVIEW CORPORATE DIARY DESTINI BERHAD 12 ANNUAL REPORT 2026
JUNE Trovon Malaysia Sdn. Bhd., an indirect subsidiary of Destini, entered into two Sub-Contractor Supply of Parts Agreements with SMH Rail Sdn. Bhd. on 3 June 2025 to undertake the overhauls of Heating, Ventilation and Air Conditioning (HVAC) and Brake Caliper Equipment fitted to 58 Inspiro platform electric trainsets operating on the MRT Line 1 (Sungai Buloh– Kajang Line). M Rail Technics Sdn. Bhd. secured a letter of award from the Ministry of Transport Malaysia on 26 June 2025 for the Maintenance, Repair and Overhaul (Level 3) of nine (9) Electric Train Sets Class 93/2. The contract is valued at approximately RM71 million. SEPTEMBER DPSB accepted a letter of award for an extension of contract from the Ministry of Defence Malaysia for the supply of non-proprietary aircraft spare parts for the Royal Malaysian Airforce (“Contract”) on 18 September 2025. 2026 FEBRUARY On 10 February 2026, Destini announced an Interim Single-Tier Dividend of 0.50 sen per share for the financial year ending 30 June 2026, with the payment made to shareholders on 8 May 2026. APRIL Trovon Malaysia Sdn. Bhd. accepted a letter of award on 20 April 2026 from CRRC Rolling Stock Center (Malaysia) Sdn. Bhd. for the contract in relation to the Maintenance, Repair and Overhaul (MRO) Level 3 of Traction Motor and Power-Pack Generator for 13 DMU Trainsets. MAY DOS accepted a letter of award from Petronas Carigali Sdn. Bhd. ("PCSB") for the contract in relation to the Provision of Tubular Running Services for PCSB (West Region). JUNE Destini Mobility Sdn. Bhd. (formerly known as Detrac Innovation Sdn. Bhd.) inked a Memorandum of Understanding with Zhejiang CRRC Electric Vehicle Co., Ltd. for the partnership for electric bus opportunities in Malaysia's public transportation sector. AUGUST Destini Oil Services Sdn. Bhd. ("DOS"), a wholly owned subsidiary of Destini, accepted a letter of award from Searah (Malaysia) Sdn. Bhd. (formerly known as Seara Energy Sdn. Bhd.) for the contract in relation to the Provision of Tubular Running Services for Searah (Malaysia) (West Region). SEPTEMBER M Rail Technics Sdn. Bhd. ("Railtec"), a 70%-owned subsidiary of Destini, entered into a Memorandum of Understanding with Siemens Mobility Sdn. Bhd. to explore strategic cooperation opportunities and establish the Railtec-Siemens Mobility Collaboration for Building a Reliability Control Centre (RCC) for Data-Driven Maintenance, Repair and Overhaul (MRO) Project. OVERVIEW DESTINI BERHAD 13 ANNUAL REPORT 2026
SUBSIDIARIES AND SUB-SUBSIDIARIES (AS AT 30 SEPTEMBER 2026) Destini Prima Sdn. Bhd. [199101013420 (223732-V)] Distribution and supply of safety and survival related equipment for defence and commercial aviation and marine industries. Halaman Optima Sdn. Bhd. [201101004714 (932855-V)] Manufactures, imports and exports safety and security products and defense equipment. Destini Aviation Sdn. Bhd. [199501038645 (367847-D)] Investment holding. Destini Oil Services Sdn. Bhd. [201001021567 (905337-M)] Provision of Tubular Running Services (TRS), Conductor Installation, Casing While Drilling (CWD up to Level 2), Drill Bits & Hole Enlargement Tools and trading, importing, processing, blending, shipping, transporting, storage and distribution of Oil and Gas products and its derivatives, including but not limited to Liquefied Natural Gas (LNG), Liquefied Petroleum Gas (LPG), Crude Oil, Jet Fuel, Diesel and Gasoline. Emirates Kejurteraan Samudra Timur Berhad Petroleum Services L.L.C. (Trade License No. CN-1415749) • Provides oil and gas production facilities operation and maintenance services. • Engaged in onshore and offshore oil, gas field and facilities services. Destini Energy Sdn. Bhd. [200001020740 (523347-K)] Business of energy generation, transmission, distribution, power trading based on thermal, hydro, biomass, nuclear and gas including manufacturing, trading, import, export, installation, and operation of solar systems for energy generation including solar photovoltaic, solar thermal, solar chimney and any other solar based devices used in households, industry and commercial establishments. Hijau Baiduri Sdn. Bhd. [202101028241 (1428541-K)] Business of energy generation, transmission, distribution, power trading based on thermal, hydro, biomass, nuclear and gas including manufacturing, trading, import, export, installation, and operation of solar systems for energy generation including solar photovoltaic, solar thermal and any other solar based devices used in households, industry and commercial establishments. Innopower Energy Sdn. Bhd. [202401051890 (1597733-W)] Engineering Services and oil & gas extraction services. Destini Rail Sdn. Bhd. [201701039771 (1253943-P)] Operation of mass transit and other urban transport. M Rail Technics Sdn. Bhd. [202101013065 (1413364-D)] Maintenance, repair, and overhaul of electric trains for domestic and regional markets. Destini Mobility Sdn. Bhd. [201401025741 (1101831-X)] (Formerly known as Detrac Innovation Sdn. Bhd.) Research and development of mechatronic systems including software customization, repair and maintenance of electronic systems, support and consultation on system development. OVERVIEW DESTINI BERHAD 14 ANNUAL REPORT 2026
Trovon Group Pty Ltd (ACN 647 898 824) Rail component maintenance specialist for mainline, high-speed, freight, metro and light rail component remediation services. Trovon (New Zealand) Limited (9078228) Rail component maintenance and remediation. Trovon Malaysia Sdn. Bhd. [202301049328 (1543242-D)] Railway maintenance and asset optimisation services. Destini Armada Sdn. Bhd. [199601006251 (378597-W)] Investment holding. Destini Armada Pte. Ltd. (201228769N) Investment holding. Vanguarde Pte. Ltd. (198700526G) Manufacture and maintenance of lifeboats, fast rescue boats, davit systems and life-saving equipment for the marine and oil and gas industries. Vanguarde (Nantong) F.R.P. Co., Ltd (91320600775411024K) Manufacturing, maintaining and trading of fiber-reinforced plastic (“FRP”) boats, FRP products and life-saving equipment. Destini Global Investment L.L.C (1306314) • Investment in commercial enterprises and management. • Investment in oil and natural gas projects. TF Corp Pte. Ltd. (201310889H) Investment holding. Techno Fibre (Australia) Pty Ltd (ACN 103 625 618) Provides maintenance, repair and testing of lifeboats and davits cruise ships, offshore platforms and general shipping. Techno Fibre (M) Sdn. Bhd. [200001019664 (522271-P)] Engaged in lifeboat and davit servicing business, trading in other safety equipment catered to the marine and oil and gas industries as well as servicing life raft and firefighting equipment. Techno Fibre (S) Pte. Ltd. (199300541H) • Repairing and service of fibre composite lifeboats and davits. • Building and repairing ships, tankers and other ocean-going vessels. Techno Fibre Middle East Marine Services FZE (06585) Providing installation and maintenance of marine equipment. T F Emirates Marine Services L.L.C. (CN-1916489) Engaged in the business of onshore and offshore oil and gas field and facilities services, marine machines and equipment repairing and maintenance. OVERVIEW DESTINI BERHAD 15 ANNUAL REPORT 2026
CORPORATE STRUCTURE (SUBSIDIARIES AND SUB-SUBSIDIARIES) DESTINI PRIMA SDN. BHD. HALAMAN OPTIMA SDN. BHD. TECHNO FIBRE (M) SDN. BHD. EMIRATES KEJURTERAAN SAMUDRA TIMUR BERHAD PETROLEUM SERVICES L.L.C DESTINI AVIATION SDN. BHD. DESTINI OIL SERVICES SDN. BHD. DESTINI ENERGY SDN. BHD. 100% 100% 100% 100% 49% 100% 100% 100% 100% HIJAU BAIDURI SDN. BHD. INNOPOWER ENERGY SDN. BHD. 100% DESTINI ARMADA SDN. BHD. OVERVIEW AS AT 30 SEPTEMBER 2026 DESTINI BERHAD 16 ANNUAL REPORT 2026
TF CORP PTE. LTD. DESTINI GLOBAL INVESTMENT L.L.C 100% 49% 100% 100% 100% DESTINI MOBILITY SDN. BHD. 100% 100% 100% 100% VANGUARDE PTE. LTD. DESTINI ARMADA PTE. LTD. M RAIL TECHNICS SDN. BHD. TROVON GROUP PTY LTD DESTINI RAIL SDN. BHD. 100% 70% 100% 100% 100% TECHNO FIBRE (AUSTRALIA) PTY LTD TECHNO FIBRE MIDDLE EAST MARINE SERVICES (FZE) TECHNO FIBRE (S) PTE. LTD. TECHNO FIBRE EMIRATES MARINE SERVICES L.L.C. (FORMERLY KNOWN AS DETRAC INNOVATION SDN. BHD.) VANGUARDE (NANTONG) F.R.P. CO. LTD. TROVON (NEW ZEALAND) LIMITED TROVON MALAYSIA SDN. BHD. OVERVIEW DESTINI BERHAD 17 ANNUAL REPORT 2026
CORPORATE INFORMATION DATO’ SERI DIRAJA SYED RAZLAN IBNI SYED PUTRA Independent Non-Executive Chairman (Appointed on 14 August 2026) DATO’ SRI DR. SHAHRIL BIN MOKHTAR Group Managing Director (Appointed as Executive Director on 4 December 2025) (Redesignated from Executive Director to Group Managing Director on 6 January 2026) (Redesignated from Group Managing Director to Non-Independent & Non-Executive Director on 21 July 2026) (Redesignated from Non-Independent & Non-Executive Director to Group Managing Director on 14 August 2026) BOARD OF DIRECTORS AUDIT COMMITTEE MS. CHUA POOI NGEE Independent & Non-Executive Director (Appointed as Audit Committee Chairperson on 27 October 2026) DATUK WILFRED YONG CHEN LEONG Independent & Non-Executive Director (Appointed as Audit Committee member on 10 February 2026) DATUK MUA'AMAR GHADAFI JAMAL BIN DATUK WIRA JAMALUDIN Independent & Non-Executive Director (Appointed as Audit Committee member on 14 August 2026) OVERVIEW YDM DATO’ SYED HAIZAM HISHAMUDDIN PUTRA JAMALULLAIL Independent & Non-Executive Director (Appointed on 4 December 2025) DATUK WILFRED YONG CHEN LEONG Independent & Non-Executive Director (Appointed on 4 December 2025) DATUK MUA'AMAR GHADAFI JAMAL BIN DATUK WIRA JAMALUDIN Independent & Non-Executive Director (Appointed on 14 August 2026) MS. CHUA POOI NGEE Independent & Non-Executive Director (Appointed on 27 October 2026) NOMINATION AND REMUNERATION COMMITTEE YDM DATO’ SYED HAIZAM HISHAMUDDIN PUTRA JAMALULLAIL Independent & Non-Executive Director (Appointed as Nomination and Remuneration Committee Chairman on 14 August 2026) DATUK WILFRED YONG CHEN LEONG Independent & Non-Executive Director (Appointed as Nomination and Remuneration Committee member on 10 February 2026) DATUK MUA'AMAR GHADAFI JAMAL BIN DATUK WIRA JAMALUDIN Independent & Non-Executive Director (Appointed as Nomination and Remuneration Committee member on 14 August 2026) DESTINI BERHAD 18 ANNUAL REPORT 2026
CORPORATE OFFICE No. 10 Jalan Jurunilai U1/20 Hicom Glenmarie Industrial Park 40150 Shah Alam Selangor Darul Ehsan Tel : 03-5567 0333 Fax : 03-5569 1233 Email : info@destinigroup.com Website : www.destinigroup.com REGISTRAR Aldpro Corporate Services Sdn. Bhd. [Registration No. 202101043817 (1444117-M)] B-21-1 Level 21, Tower B, Northpoint Mid Valley City No. 1 Medan Syed Putra Utara 59200 Kuala Lumpur Wilayah Persekutuan Tel : 03-9770 2200 Fax : 03 -2201 7774 Email : admin@aldpro.com.my INVESTOR RELATIONS Mohamed Izuddin Bin Rosli No. 10, Jalan Jurunilai U1/20 Hicom Glenmarie Industrial Park 40150 Shah Alam Selangor Darul Ehsan Email : info@destinigroup.com Tel : 03-5567 0333 Fax : 03-5569 1233 DESTINI SHARE INFORMATION Company name: Destini Berhad STOCK NAME DESTINI STOCK CODE 7212 TICKER CODE - DSTN:MK (Bloomberg) - DEST.KL (Reuters) FINANCIAL YEAR END 30 June OVERVIEW RISK MANAGEMENT COMMITTEE YDM DATO’ SYED HAIZAM HISHAMUDDIN PUTRA JAMALULLAIL Independent & Non-Executive Director (Appointed as Risk Management Committee Chairman on 10 February 2026) DATO’ SRI DR. SHAHRIL BIN MOKHTAR Group Managing Director (Appointed as Risk Management Committee member on 10 February 2026) (Ceased as member of Risk Management Committee on 21 July 2026) (Appointed as Risk Management Committee member on 17 August 2026) MS. CHUA POOI NGEE Independent & Non-Executive Director (Appointed as Risk Management Committee member on 27 October 2026) COMPANY SECRETARIES Tan Tong Lang (MAICSA 7045482/ SSM PC No. 202208000250) Thien Lee Mee (LS0010621/ SSM PC No. 201908002254) AUDITORS UHY Malaysia PLT Firm Number: AF 1411 Chartered Accountants Suite 11.05, Level 11 The Gardens South Tower Mid Valley City, Lingkaran Syed Putra 59200, Kuala Lumpur Wilayah Persekutuan Tel : 03-2279 3088 Fax : 03-2279 3099 PRINCIPAL BANKER AmBank Islamic Berhad [Registration No. 199401009897 (295576-U)] Malayan Banking Berhad [Registration No. 196001000142 (0003813-K)] REGISTERED OFFICE No. 10 Jalan Jurunilai U1/20 Hicom Glenmarie Industrial Park 40150 Shah Alam Selangor Darul Ehsan Tel : 03-5567 0333 Fax : 03-5569 1233 DESTINI BERHAD 19 ANNUAL REPORT 2026
Nationality/ Gender/ Age : Malaysian/ Male/ 75 Date of Appointment as Independent Non-Executive Director : 14 August 2026 Areas of Expertise : A griculture, Animal Science, Corporate Leadership and Strategic Management Board Committees Memberships : Nil Number of Board Meeting Attended : Nil Tenure as Director : 2 months BOARD OF DIRECTORS DATO’ SERI DIRAJA SYED RAZLAN IBNI SYED PUTRA Independent Non-Executive Chairman LEADERSHIP DESTINI BERHAD 20 ANNUAL REPORT 2026
Dato' Seri DiRaja Syed Razlan Ibni Syed Putra was appointed as the Independent Non-Executive Chairman of Destini Berhad on 14 August 2026. He brings with him extensive experience in agriculture, animal science, corporate leadership, strategic management, and public service. He began his career as a Tutor at the College of Agriculture Malaysia in 1972 and subsequently served as a Lecturer at Universiti Pertanian Malaysia. He later held various senior leadership positions in the corporate sector, including Executive Director of Makmor Group of Companies, Executive Chairman of Defcom Services Sdn. Bhd., Chief Executive Officer of American Malaysian Insurance Sdn. Bhd., Executive Chairman of Delcom Services Sdn. Bhd., Executive Chairman of Organigro Sdn. Bhd., Chairman of Ancom Cropcare Sdn. Bhd., Executive Chairman of MESB Berhad and Chairman of Tanah Emas Corporation Berhad. He has also held various leadership positions in several organisations and companies, including Executive Chairman of Lax Matrix Sdn. Bhd., Executive Chairman of Lax Global Sdn. Bhd., Technical & Strategic Advisor to Green World Genetics Sdn. Bhd., Executive Chairman of e-Agro Sdn. Bhd., Board Director of Dagang Sejahtera Sdn. Bhd., Board Director of Sirage Group Sdn. Bhd., Chairman of Glide Group of Companies, Executive Chairman of Briar Resources Sdn. Bhd. and Chairman of D'Mart Segi Fresh Sdn. Bhd. He was also the former Chairman of Universiti Putra Malaysia. Dato' Seri DiRaja Syed Razlan has also been actively involved in sports administration, having served as President of the Malaysian Rugby Union, Vice-President of the Asian Rugby Football Union, Chairman of the Stadium Merdeka Malaysia Board of Governors, and Patron of the Perlis Rugby Union. He does not hold any directorships in any other public listed companies. He has no family relationship with any Director and/or major shareholder of the Company, except YDM Dato' Syed Haizam Hishamuddin Putra Jamalullail, who is his nephew. He has no conflict of interest with the Company or its subsidiaries. He does not have any convictions for any offenses within the past five (5) years, or any public sanction or penalty imposed by regulatory bodies during the financial year ended 30 June 2026. Qualification • Certificate in Technology Transfer, University of the Philippines Los Banos (UPLB) Philippines • Master of Science in Animal Science – Ruminant Nutrition, North Carolina State University (NCSU), United States of America • Bachelor of Science, majoring in Animal Science, Louisiana State University (LSU), Baton Rouge, Louisiana, United States of America • Diploma in Agriculture, College of Agriculture Malaysia LEADERSHIP DESTINI BERHAD 21 ANNUAL REPORT 2026
DATO’ SRI DR. SHAHRIL BIN MOKHTAR Group Managing Director Nationality/ Gender/ Age : Malaysian/ Male/ 54 Date of Appointment as Executive Director : 4 December 2025 Redesignation to Group Managing Director : 6 January 2026 Redesignation to Non-Independent & Non-Executive Director : 21 July 2026 Redesignation to Group Managing Director : 14 August 2026 Areas of Expertise : R ail and Urban Transportation, Infrastructure Development, Corporate Leadership and Strategic Management Board Committees Memberships : Risk Management Committee Number of Board Meeting Attended : 2/2 Tenure as Director : 10 months BOARD OF DIRECTORS LEADERSHIP DESTINI BERHAD 22 ANNUAL REPORT 2026
Dato' Sri Dr. Shahril Bin Mokhtar was first appointed to the Board of Destini Berhad as an Executive Director on 4 December 2025 and was redesignated as the Group Managing Director on 6 January 2026. On 21 July 2026, he was redesignated as a Non-Independent & Non-Executive Director of the Company and was subsequently redesignated as Group Managing Director effective 14 August 2026. He brings with him extensive leadership experience across the public sector, rail and urban transportation, infrastructure development and corporate organisations. He began his career at Maybank Berhad in 1995 before assuming various human capital leadership roles at PricewaterhouseCoopers (PwC) Malaysia, British American Tobacco (M) Berhad and Penerbangan Malaysia Berhad. He later joined RapidKL as the General Manager of Corporate Planning. In 2009, he joined the Prime Minister’s Department as an Advisor in the Economic Planning Unit (EPU) where he contributed to the formation of the Land Public Transport Commission (SPAD). He was subsequently appointed as the Chief Operating Officer of SPAD. Dato’ Sri Dr. Shahril later served as the Group Managing Director of Prasarana Malaysia Berhad, leading significant national transportation initiatives and subsequently as the Chief Executive Officer of Mass Rapid Transit Corporation Sdn. Bhd. (MRT Corp) where he oversaw the development and delivery of MRT Line 1 and Line 2. His corporate experience includes senior leadership roles at CSH Alliance Berhad, Sungai Kelang Expressway Sdn. Bhd., Green Packet and Taghill Holdings Berhad. He previously served as the Non-Executive Chairman of West River Berhad and UTM Holdings Sdn. Bhd.. He currently serves as the Non-Executive Chairman of EVD Berhad and Inspace Creation Berhad. Dato’ Sri Dr. Shahril is actively involved in football administration and community development. He currently serves as the Deputy President and Treasurer of the Football Association of Selangor (FAS), and also holds the position of Director as well as Chairman of the Technical Committee of Selangor Football Club (SFC). He has no family relationship with any Director and/or major shareholder of the Company and has no conflict of interest with the Company or its subsidiaries. He does not have any convictions for any offenses within the past five (5) years, or any public sanction or penalty imposed by regulatory bodies during the financial year ended 30 June 2026. Qualification • Doctor of Philosophy in Political Science, University Utara Malaysia (UUM) • Master of Management, Universiti Malaya • Bachelor of Arts in Industrial and Organizational Psychology, University of Missouri-St. Louis, United States of America • Advanced Management Program, Kellogg School of Management, Northwestern University, United States of America LEADERSHIP DESTINI BERHAD 23 ANNUAL REPORT 2026
YDM Dato’ Syed Haizam Hishamuddin Putra Jamalullail was appointed to the Board of Destini Berhad as an Independent & Non-Executive Director on 4 December 2025. He brings extensive experience in governance, investment management, venture capital and strategic leadership, gained through senior roles across public institutions, private sector organisations and international platforms. He currently serves as an Independent Director of Universiti Putra Malaysia (UPM), where he also chairs the Putra Business School Board of Directors, and as a Director of the Malaysian Productivity Corporation (MPC), an agency under the Ministry of Investment, Trade and Industry (MITI). He is the Managing Partner of Tuas Capital Partners, a private equity and venture capital investment group, and Managing Partner of The Hive Southeast Asia, a co-creation and seed venture capital fund established under the Malaysian Ministry of Finance’s Dana Penjana Nasional Programme. The Hive Southeast Asia is part of the Hive Global Group of Funds, which includes The Hive in Palo Alto, Hive Brazil, and Hive India. He is also a Partner of Hive Global AI and the Global AI Village (GAIV). Nationality/ Gender/ Age : Malaysian/ Male/ 43 Date of Appointment as Independent Non-Executive Director : 4 December 2025 Areas of Expertise : Corporate Governance, Strategic Leadership, Venture Capital and Investment Management Board Committees Memberships : I. Risk Management Committee II. Nomination and Remuneration Committee Number of Board Meeting Attended : 2/2 Tenure as Director : 10 months Qualification • Master of Arts in Human Sciences, Somerville College, University of Oxford, United Kingdom • Bachelor of Arts (Hons) in Human Sciences, Somerville College, University of Oxford, United Kingdom • Graduate in Diploma in Law, University of London, United Kingdom • Transformational Leadership Fellowship, Blavatnik School of Government, University of Oxford, United Kingdom YDM DATO’ SYED HAIZAM HISHAMUDDIN PUTRA JAMALULLAIL Independent & Non-Executive Director In addition, YDM Dato’ Syed Haizam is a Non-Executive Director and shareholder of Segi Value Holdings Sdn. Bhd., which operates the “Segi Fresh” wholesale supermarket chain, and a Director of Srivijaya, the owner of the Cold Stone Creamery franchise in Malaysia. He also serves as Deputy Chair of the Malaysian Venture Capital Association (MVCA). He is a Trustee of Yayasan Raja Muda Selangor and Yayasan Sultan Selangor and has previously served on the Board of the Selangor Youth Community (SAY). He chairs the Board of Governors of Charterhouse Malaysia and is part of the Royal Court of Selangor, Malaysia, holding the title Engku Panglima Setia Diraja. YDM Dato’ Syed Haizam has no family relationship with any Director and/or major shareholder of the Company and has no conflict of interest with the Company. He does not hold any directorships in any other public listed companies. He has no family relationship with any Director and/or major shareholder of the Company, except that he is the nephew of Dato Seri DiRaja Syed Razlan Ibni Syed Putra. He has no conflict of interest with the Company or its subsidiaries. He does not have any convictions for any offenses within the past five (5) years, or any public sanction or penalty imposed by regulatory bodies during the financial year ended 30 June 2026. BOARD OF DIRECTORS LEADERSHIP DESTINI BERHAD 24 ANNUAL REPORT 2026
DATUK WILFRED YONG CHEN LEONG Independent & Non-Executive Director Datuk Wilfred Yong Chen Leong was appointed to the Board of Destini Berhad as an Independent Non-Executive Director on 4 December 2025. He brings with him more than two decades of experience spanning legal practice, entrepreneurship, technology innovation, and regional commercial leadership. He currently serves on the Executive Committee of the Malaysia Chamber of Commerce in Hong Kong and is the Chairman of Belxis Innovation (M) Sdn. Bhd., a technology and systems integration company. His business involvement includes leadership roles within the family-owned Aquateak Group Sdn. Bhd., which is engaged in construction, palm oil, and real estate investment. Prior to this, he established and managed the legal firm Azman Yong Partners, expanding its presence across multiple branches in Sabah. He does not hold any directorships in any other public listed companies. He has no family relationship with any Director and/or major shareholder of the Company and has no conflict of interest with the Company or its subsidiaries. He does not have any convictions for any offenses within the past five (5) years, or any public sanction or penalty imposed by regulatory bodies during the financial year ended 30 June 2026. Nationality/ Gender/ Age : Malaysian/ Male/ 53 Date of Appointment as Independent Non-Executive Director : 4 December 2025 Areas of Expertise : Legal, Technology & Systems Integration and Strategic Business Leadership Board Committees Memberships : I. Nomination and Remuneration Committee II. Audit Committee Number of Board Meeting Attended : 2/2 Tenure as Director : 10 months Qualification • Master of Business Administration, Tsinghua University, China • Master of Business Administration, Preston University, United States of America • Bachelor of Laws (LLB), University of Tasmania, Australia • Bachelor of Laws (LLB), University of East London, United Kingdom LEADERSHIP DESTINI BERHAD 25 ANNUAL REPORT 2026
Datuk Mua'amar Ghadafi Jamal Bin Datuk Wira Jamaludin was appointed to the Board of Destini Berhad as an Independent Non-Executive Director on 14 August 2026. He brings with him experience in construction, infrastructure development, corporate leadership, strategic governance, and youth development. He has served as Chairman of RISDA Bina Sdn. Bhd. since 2025, providing strategic leadership and board oversight in property development, infrastructure projects and strategic collaborations between the public and private sectors. He also served as a Board Member of Pelaburan MARA Berhad from 2024 to 2026, contributing to Board-level governance and oversight of investment strategies and initiatives supporting Bumiputera economic development. Since 2022, he has served as a Director of Koridor Utiliti Darul Ridzuan (KUDR), contributing to strategic oversight and governance in the development and management of Perak's utility corridor ecosystem. His involvement encompasses policy development, digital transformation initiatives, and stakeholder collaboration towards more efficient, sustainable and integrated utility infrastructure management across the state. Nationality/ Gender/ Age : Malaysian/ Male/ 47 Date of Appointment as Independent Non-Executive Director : 14 August 2026 Areas of Expertise : Civil Engineering, Construction, Infrastructure Development and Strategic Governance Board Committees Memberships : I. Audit Committee II. Nomination and Remuneration Committee Number of Board Meeting Attended : Nil Tenure as Director : 2 months Qualification • Bachelor’s Degree in Civil Engineering, University Putra Malaysia DATUK MUA'AMAR GHADAFI JAMAL BIN DATUK WIRA JAMALUDIN Independent & Non-Executive Director He has also served as Managing Director of Caj Maju Sdn. Bhd. since 2000, overseeing the company's construction and infrastructure activities, including roads, bridges, buildings, utility works and public infrastructure development projects. Beyond his corporate roles, Datuk Mua'amar Ghadafi has extensive experience in youth and community leadership, having held various leadership positions within the Malaysian Youth Council (MBM) and Gerakan Belia 4B Malaysia. He serves as President of the Malaysian Youth Council and President of Gerakan Belia 4B Malaysia and was a recipient of the Youth Leadership Award at both the Perak State and National levels in 2008. He does not hold any directorships in any other public listed companies. He has no family relationship with any Director and/or major shareholder of the Company and has no conflict of interest with the Company or its subsidiaries. He does not have any convictions for any offenses within the past five (5) years, or any public sanction or penalty imposed by regulatory bodies during the financial year ended 30 June 2026. BOARD OF DIRECTORS LEADERSHIP DESTINI BERHAD 26 ANNUAL REPORT 2026
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