UWC BERHAD (201801012223) (1274239-A)

VISION

To be the preferred integrated OEM partner providing complete solutions with leading edge technology

MISSION

To provide comprehensive solutions for High-Tech Strategic Partners, to delight the customers, to develop supplier partnerships and to be the workplace of choice

CORE VALUES

U – Unity W – Willpower C – Commitment

ANNUAL 8^th GENERAL MEETING

Sri Mas Ballroom, Level 4, Bayview Hotel Georgetown Penang, 25A Farquhar Street, 10200 George Town, Penang, Malaysia Friday, 9 January 2026 2.30 p.m.

Corporate Information	02
Corporate Structure	03
Media Highlights	04 - 05
Financial Highlights	06
Chairman’s Statement	07 - 08
Management Discussion & Analysis	09 - 13
Board of Directors	14
Profile of Directors	15 - 24
Profile of KeySenior Management	25 - 26
Corporate Governance Overview Statement	27 - 32
SustainabilityReport	33 - 77
Statement on Risk Management and Internal Control	78 - 81
Audit Committee Report	82 - 88
Nomination Committee Statement	89 - 92
Directors’ ResponsibilityStatement	93
Additional Compliance Information	94-95
Financial Statements	96 - 160
List of Properties	161
Analysis of Shareholdings	162 - 163
Notice of Eighth Annual General Meeting	164 - 166
Statement AccompanyingNotice of AGM	167
ProxyForm
Administrative Guide

Innovation In Motion, Evolving In Excellence

The wafer semiconductor is used as a core element of the design, representing UWC Berhad’s expertise in utilising cutting-edge technology to keep up with the ever-evolving needs of customers, delivering both quality and efficiency as a one-stop manufacturer.

Embodying UWC’s commitment to embracing technological advancements to deliver the most effective solutions, a hummingbird, known for its resilience and agility, is incorporated to represent UWC’s strength in overcoming adversities and thriving amidst new innovations. Outlined in yellowish-golden futuristic vectors with a glow on its beak to symbolise precision and excellence, the hummingbird is designed to be hovering over the wafer, signifying UWC’s mastery of intricate, high-tech solutions, with the aim to elevate the excellence of their services.

Set against a dark background with illuminated beams mimicking the global market, this design represents limitless potential and forward momentum to excel in the industry. Overall, this visually-striking concept of incorporating a wafer positioned atop the tower of beams with a soaring hummingbird, conveys the innovative pursuit of UWC to reach greater heights with cutting-edge advancements.

Corporate Information

BOARD OF DIRECTORS

Dato’ Wan Hashim Bin Wan Jusoh Independent Non-Executive Chairman

Dato’ F’ng Meow Cheng

Independent Non-Executive Director

Dato’ Seri Ng Chai Eng Executive Director/Group CEO

Jariyah Binti Hashim

Independent Non-Executive Director

Dato’ Lau Chee Kheong Executive Director/Group COO

Dr. Ng Chin Liang

Alternate Director to Dato’ Seri Ng Chai Eng/Deputy Group CEO

Dato’ Seri Lee Teong Li

Independent Non-Executive Director (Appointed on 31 July 2025)

Ng Sze Yen

Alternate Director to Dato’ Lau Chee Kheong/Deputy Group COO (Appointed on 3 January 2025)

AUDIT COMMITTEE

REMUNERATION COMMITTEE

NOMINATION COMMITTEE

Chairman

Dato’ F’ng Meow Cheng

Chairman

Dato’ Seri Lee Teong Li Dato’ Seri Lee Teong Li

Member

Dato’ Seri Lee Teong Li Jariyah Binti Hashim

Member

Jariyah Binti Hashim Jariyah Binti Hashim Dato’ F’ng Meow Cheng Dato’ F’ng Meow Cheng

RISK MANAGEMENT COMMITTEE

COMPANY SECRETARY

REGISTERED OFFICE

Chairman

Jariyah Binti Hashim

Member

Dato’ Seri Lee Teong Li Dato’ F’ng Meow Cheng

Chan Eoi Leng No. 37B, Jalan Basco Kepayang 1 MAICSA 7030866 Basco Avenue @ Kepayang SSM PC No. : 202008003055 31400 Ipoh Perak Tel : (605) 541 7618 Fax : (605) 541 7618

HEAD OFFICE/ PRINCIPAL PLACE OF BUSINESS

AUDITORS

PRINCIPAL BANKER

PMT 744-745, Jalan Cassia Selatan 5/1 BDO PLT (201906000013 Hong Leong Bank Berhad Taman Perindustrian Batu Kawan (LLP0018825-LCA) & AF 0206) No.1823-G1, Jalan Perusahaan Auto-City 14110 Bandar Cassia Chartered Accountants North-South Highway Juru Interchange Pulau Pinang 51-21-F, Menara BHL 13600 Prai, Pulau Pinang Tel : (604) 555 6937 Jalan Sultan Ahmad Shah Tel : (604) 502 1488 Fax : (604) 589 9509 10050 Pulau Pinang Fax : (604) 507 9488 Website : www.uwcberhad.com.my Tel : (604) 222 0288 E-mail : [email protected] Fax : (604) 222 0299

SHARE REGISTRAR

STOCK EXCHANGE LISTING

Tricor Investor & Issuing House Services Sdn. Bhd. Unit 32-01, Level 32, Tower A Vertical Business Suite Avenue 3, Bangsar South No.8, Jalan Kerinchi 59200 Kuala Lumpur Tel : (603) 2783 9299 Fax : (603) 2783 9222

Main Market of Bursa Malaysia Securities Berhad Stock Name : UWC Stock Code : 5292 Sector : Technology Sub-sector : Semiconductor

02 • UWC BERHAD (201801012223) (1274239-A)

Corporate STRUCTURE

As At 31 July 2025

UWC BERHAD
(201801012223)
(1274239-A)
UWC Holdings 100% 100% UWC Industrial
199001011504 (203074-U) 200501016188 (693235-T)
UWC Technology 100% 100% UW-C Pte. Ltd.
201201025876 (1010366-K) 202240441H (Singapore)
100%
200001019356 (521963-M) UWC Automation C MAX Manufacturing 202201005032 (1450729-X) 74% 61% USURFACE Technology 202201004882 (1450579-H) MCT (Thailand) Co., Ltd. 0105555032926 (Thailand) (1)
100%
UPLUS Solutions 60% 51% MCE Technologies (1)
202001012750 (1369070-W) 199901013853 (488753-P)
WEPLUS Greentech 51% 60% North Greentech (2)
202001015843 (1372163-W) 202401016587 (1562437-D)

(1) Acquired on 8 November 2023

(2) Incorporated on 29 April 2024

Company	Date of Incorporation	Ownership Interest	Principal Activities
UWC Berhad	29 March 2018		Investment holding
UWC Holdings Sdn. Bhd.	22 August 1990	100%	Provision of precision sheet metal fabrication and value-added assembly services
UWC Industrial Sdn. Bhd.	31 May 2005	100%	Provision of precision sheet metal fabrication and value- added assembly services, contract manufacturing of automated test equipment
UWC Automation Sdn. Bhd.	28 July 2000	100%	Provision of precision machined components
UPLUS Solutions Sdn. Bhd.	01 June 2020	60%	Provision of engineering, designing, manufacturing and assembling for automation solutions
USURFACE Technology Sdn. Bhd.	10 February 2022	61%	Manufacturing of machinery, provision of sheet metal fabrication and finishing treatment
C MAX Manufacturing Sdn. Bhd.	11 February 2022	74%	Provision of precision sheet metal fabrication
WEPLUS Greentech Sdn. Bhd.	29 June 2020	51%	Manufacturing, trading, distribution and assembling of all range of plastic injection molding products and plastic parts
UWC Technology Sdn. Bhd. (Formerly known as Surfplate Technology Sdn. Bhd.)	18 July 2012	100%	Manufacturing of front-end semiconductor equipment and components
UW-C Pte. Ltd.	14 November 2022	100%	Dormant
MCE Technologies Sdn. Bhd.	16 July 1999	51%	Manufacturingin metal components
MCT Thailand Co., Ltd.	29 February 2012	51%	Manufacturing of metal stamping for computer equipment and automotive spare parts
North Greentech Sdn. Bhd.	29 April 2024	60%	Dormant

Annual Report 2025 • 03

Media Highlights

https://www.uwcberhad.com.my/news/

00 10．8．2025 星期日大北馬社區報市場情報
拿督斯里黃才榮
企業因AI而變
UWC因變而強黄才荣荣获《精英大学杰出企业家奖》后与拿督陈保罗博士（左）合影。
黄才荣创办的UWC教育中心，培养了不少人才，为国家工业作出贡献。 UWC 集团位于峇都交湾工业区的宏伟壮观工厂。
槟州元首敦南利达立阁下84岁华诞获册封拿督斯里（DGPN）勋衔的典范企业家高级拿督黄才荣，喊出他的企业提升版口号：业因AI而变，UWC因变而强落力融合“科技、产业、教育、社会”，十分引人注目。”四大面向于一“体、于今年我们的企
黄才荣是一位长袖善舞，具备实干精神与高瞻远瞩理念的全方位企业家。
UMediC集团（UMC，0256，主板保健医疗股）创办人，人们对这位企业领袖长袖善舞实干精神与高瞻远瞩理念，倍感钦佩，肯定了他获得更高勋衔乃实至名归。能制造与高科技产业注入新动能，带领本地企业走向全球、迈向卓越。智能、生命科学、医疗科技、5G测试设备及疫后检测等高成长科技领域，构建“AI驱动+数位转型+多元服务”的企业新蓝图。业》榜单，标志其迈向国际市场的强大潜力与实力。是“越转越行，不转不行”。他成功克服国际市场的重重困难与激烈竞争，顺应全球化的企业格局，在巩固原有优势产业，如精密制造与半导体后段的基础上，使UWC正积极推进全面数位化管理转型，增强组织敏捷性与全球竞争力。正逐步实现从传统制造管理向智慧化、数据驱动决策的企业转型。能（AI）与电动车（EV）确立为核心发展方向，正大力投入黄过去多年，他一直掌握时势，以卓越认知不断为国家智UWC积极推动数位与产业转型，全面深耕半导体、人工2020年，UWC荣登《福布斯亚洲10亿美元以下最佳企本地企业界人士犹记得，黄才荣初创UWC时的企业口号他们通过引进先进的ERP、MES、AI分析平台等系统，为顺应全球产业智能化与新能源趋势，UWC已将人工智才荣作为两家在马来西亚证券交易所主板上市的公司UWC Berhad（UWC，5292，主板科技股）与于相关技术平台，建设与团队能力的提升；通过推动AI与自动化设备的深度融合，持续优化产线效率，强化智能预测、质量追踪与资源配置，为未来业务增长构建强大基础。也创立了UMediC（UMC），以便重塑医疗业务板块，由传统的制造与贸易业务，逐步转型为具备“产品+服务”双轮驱动的多元医疗生态系统。目前，他也兼任UMC的非执行董事主席。黄才荣与拿汀斯里邱桂丝家庭幸福美满，后排左起为女婿吴凯哲、黄思惠、媳妇林嘉欣博士、长子黄振亮博士及幼女黄诗淇。与此同时，面对全球人口老龄化加剧与医疗服务需求的激增，他槟州第二副首席部长佳日星（右三）到UWC BERHAD参观，与黄才荣（左一）、黄振亮博士（右一起）、拿督刘继强及黄诗雁（左二）交流甚欢。曾任槟城机器厂商会会长和马来西亚机器厂商总会副总会长的黄才荣（前排左四），目前退居执行顾问。图为他今年3月参加总会和槟城分会双会庆时，与现任领导层及贵宾们合影。
热心社会公益事业
创办UWC 教育中心
育中心，并担任日马技术学院顾问，同时是马来西亚机器厂商总会、槟城机器厂商会等多个工商团体的执行顾问。业关系主任。他更积极参与华文教育发展，担任大山脚明德正校董事长、北海中华总校名誉董事，也是槟榔屿明德校友会、北海江夏堂黄氏宗祠、大山脚江夏堂等教育及社团的顾问。行长黄振亮博士为其公子，次女是黄诗惠律师，他们协助父亲经营业务。幼女黄诗淇自创ULC TRAINING AND EVENTS私人有限公司，秉承父亲长袖善舞的长处，广结善缘，也是业界的佼佼者，证明了黄家一门俊秀，都是国之栋梁。黄才荣也积极投身于社会公益与教育事业。他创办了UWC教他也是槟威友好联谊会创会人，以及槟城商企聚英协会的工黄才荣与夫人拿汀斯里邱桂丝育有一子二女。UWC集团副执
黄才荣始终坚信，人才是企业最宝贵的资产。培育好人才企业永续发展
黄才荣率领的UWC精英团队荣获《FMCG亚洲制造商大奖》。业最宝贵的资产，把人才养成视为企业做大做强的重要策略。因而，他的集团打造注重人才体系的学习型企业，内部人才会被派送到美国、日本、德国和台湾等国家和地区学习高科技工艺与高效能企业管理。展，不仅关注员工的当下表现，更重视其长期成长潜力，持续投入资源，提升员工的专业能力与领导素养，营造有利于人才发展的工作环境。企业才能持续长青、永续发展，黄才荣始终坚信，人才是企他专注于人才的留任与发他相信，唯有培育好人才，家，人才是继往开来持续上进的动力。故而，人才育成的贡献可视为提升国家社会的丰功伟业。的企业因AI而变，UWC因变而强”，正是有了能够支撑集团业务的下一代接班人之后，发出的更具宏观性自强不息呼声，使得集团能够通过数位化与智能化的融合与创新，扎根本土，却能在智能时代的全球化激烈竞争中脱颖而出。特别是培育下一代，并且赋权，让他们成长为优秀的企业掌舵人，同时要成为未来的国家制造业与国家经济顶樑柱。不管是一家企业，还是一个国他的企业提升版口号“我们明德正校今年2月举行80周年校庆，明德正校三机构、工委会及嘉宾受邀上台主持切蛋糕及敬酒仪式；左七起是黄才荣和槟州首长曹观友。

9/24/25, 9:41 AM Strong FY26 earnings growth seen for UWC | The Star
Strong FY26 earnings growth seen for
UWC

CORPORATE NEWS
Friday, 12 Sep 2025
UWC’s orderbook increased to RM180mil (from RM160mil a quarter ago).

9/24/25, 9:40 AM UWC earnings to gain from front-end chip ops | The Star
UWC earnings to gain from front-end
chip ops

CORPORATE NEWS
Thursday, 18 Sep 2025
Kenanga Research said it is forecasting above-consensus earnings in FY26 by 21% and FY27 by 32%.

9/24/25, 9:36 AM 盈利超预期 UWC公司冲15⽉新⾼ - 财经 - 焦点财经
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简

倒挂国旗特朗普关税

RON95针对性补贴

超强台风桦加沙

大学录取风波

查拉坠楼案

9/30/25, 9:20 AM UWC’s 4Q net profit surges on semiconductor market recovery
BURSA SGX

BURSA SGX
UWC’s 4Q net profit surges on semiconductor market
recovery
By Emir Zainul / theedgemalaysia.com
10 Sep 2025, 08:02 pm

provider UWC Bhd (KL:UWC ) has posted a near seven-fold rise in
net profit for its fourth financial quarter ended July 31, 2025 (4QFY2025),

04 • UWC BERHAD (201801012223) (1274239-A)

...Media Highlights

要聞 9/30/25, 9:24 AM UWC confident after strong 4Q earnings | The Star 9/30/25, 9:22 AM UWC banks on front-end semiconductor business | The Star UWC Powers Malaysia’s Clean Energy Future with Launch of Locally Engineered DC EV

UWC Powers Malaysia’s Clean Energy Future with Launch of Locally Engineered DC EV
Charger
BATU KAWAN, PENANG, 6 October 2025 – UWC Berhad (“UWC” or “the Group”), an integrated engineering and technology solutions provider, proudly launched its direct
current (DC) electric vehicle (EV) charger, officiated by DYAM Tuanku Raja DiHilir Perak Darul
Ridzuan, *Duli Yang Amat Mulia Raja Iskandar Dzurkarnain ibni Almarhum Sultan ldris A’fifullah Shah.
UWC’s DC fast chargers range from 60 kW to 400 kW, with an upcoming satellite model delivering up to 800 kW through multiple dispensers — built for efficiency, scalability, and
high performance.
Aligned with the National Energy Transition Roadmap (NETR) and Low Carbon Mobility
Blueprint 2021–2030, these chargers are now available for commercial, industrial, and fleet
use, offering a smart balance of speed, design, and cost efficiency.
Dato’ Sri Ng Chai Eng, Executive Director and Group CEO of UWC Berhad, said:
“This launch marks a key milestone in UWC’s mission to support Malaysia’s clean energy goals. As a proudly Malaysian company, we continue to deliver reliable, locally engineered
solutions that drive sustainable mobility and reflect the diversity of our business in precision
manufacturing, advanced engineering, and clean technology.”
NGT Chairman Yang Mulia Raja Idris Shah said, “The introduction of our DC Fast charger is a
proud moment for North Greentech as we continue to champion Malaysia’s transition
towards sustainable transportation. This milestone reflects our long-term vision to localize
EV technology and contribute to the nation’s green economy. We believe that accessible
charging infrastructure is the key to wider EV adoption, and this launch signifies our
readiness to support both public and private sectors in achieving that goal.”
With this milestone, UWC strengthens its vision to lead with innovation, sustainability, and
Malaysian engineering excellence, powering progress toward a greener, smarter future.
htps://www.facebook.com/share/1BLBEBuSWp/

The company said it continues to focus on commencing new projects, acquiring new customers and strategising long-term growth plans.

（威南6日訊）UWC Berhad子公司
North Greentech Sdn. Bhd.（NGT）
推介直流電動車充電樁啟用儀式，霹
靂三王拉惹依斯干達親臨見證。
NGT提供多款直流快速充電樁，功率覆蓋
60kW、90kW、120kW、180kW、240kW及最
高400kW。此外，NGT正在推進自主研發的衛星
充電樁認證工作，最高可提供800kW功率，并配
備5個分配器和10把充電槍。
兼具充電速度快、設計緊湊及高效成本控制的優及2021–2030低碳出行藍圖的目標，旨在推動電器現已可用于商業、工業及車隊領域的安裝，清洁交通并減少全國碳排放。全新的DC快速充此項舉措契合國家能源轉型路線圖（NETR） ■起黃詩雁、黃振亮博士、拿督劉繼襁、拿督斯里黃才榮、霹靂三王拉惹依斯干達、霹靂州財政司拿督莫哈末扎基、拉惹依德利斯沙、再拉亞里沙及陳建賢。霹靂三王拉惹依斯干達到訪UWC Berhad後合影。坐者左
勢。邁向可持續交通
黃才榮：挺清潔能源轉型 DC快速充電器引領大馬

’s front-end (FE) semiconductor business segment is set to drive

PETALING JAYA: UWC Bhd is maintaining an optimistic outlook for its business and the

勢。邁向可持續交通
黃才榮：挺清潔能源轉型 DC快速充電器引領大馬
UWC執行董事兼集團首席執行官拿督斯里黃才主席拉惹依德利鍵，而本次發佈會充分展示了
榮對集團推出DC電動汽車充電器表示欣慰，這 NGT斯沙表示，D C 我們支持公共及私人部門實現
標誌著UWC在支持國家清潔能源轉型旅程中邁快速充電器的推出是North 這一目標的決心與准備。”
出的重要一步。 Greentech值得自豪的時刻， North Greentech（NGT）
“作為一家本土工程解決方案提供商，我們致他們將繼續引領馬來西亞邁向是一家總部位于馬來西亞的可
力于通過提供可靠的、本地設計制造的充電解決可持續交通。再生能源公司，專注于電動車
方案，來加強國家的電動車生態系統，加速邁向 “這一里程碑體現了我們本充電基礎設施、太陽能系統及
更綠色、更可持續的未來。這一成就不僅提升了地化電動車技術、推動國家綠儲能解決方案。NGT致力于提
我們的技術能力，同時也強化了我們的運營專注色經濟的長期愿景。我們相供創新科技，推動一個更加清
力，使我們能夠持續把握快速演變的科技格局所信，便捷可及的充電基礎設施洁、綠色和互聯互通的未來。
帶來的機遇。” 是推動電動車廣泛普及的關（CSH）
整合上下游领域 UWC与时并进越转越行
2025年8月14日国内财经 2.0k
UWC UWC Berhad 黄才荣

UWC UWC Berhad 黄才荣
UWC Berhad 全体高层与职员大合照。 x

To mark this special occasion, a group of our talented UWC Management gathered to extend their heartfelt congratulations. This meaningful gesture reflects our deep respect and
admiration for a leader who continues to inspire us all.

We’re proud to announce that UWC has officially been certified as an Akademik Dalam
Industri (ADi) Centre which making us one of the industry leaders in structured learning
and development.

Congratulations to our Deputy COO, Ms. Ng Sze Yen, and our dedicated Talent Managers,
for successfully completing their ADI training and becoming Certified Learning & Academic
Directors.

htps://www.facebook.com/share/19y2oHQf8/

https://www facebook com/share/1Dkt7hKipb/

We’re proud to announce that our COO, Prof. Dato’ Lau Chee Kheong, has been awarded the
Leadership Excellence in Vocational Education!
This recognition celebrates his bold efforts in championing TVET, empowering youth with
hands-on skills, and building strong bridges between education and industry.
At UWC, we believe great leadership shapes great talent. This award reflects our ongoing
mission to grow our people, nurturing skills, and powering transformation from the ground
up.
Congrats, Prof. Dato’ Lau! A Leader Who Builds Futures

Annual Report 2025 • 05

Financial Highlights

	FYE 2021	FYE 2022	FYE 2023	FYE 2024	FYE 2025
Revenue (in RM’000)	285,024	345,631	271,744	248,397	386,175
Profit Before Taxation (in RM’000)	114,789	139,736	67,876	18,781	44,941
Profit Afer Taxation (in RM’000)	91,533	106,774	53,826	13,196	39,524
EBITDA (in RM’000)	125,840	154,069	82,342	35,192	67,987
Basic EPS (sen)	8.3	9.7	5.0	1.4	3.7
Diluted EPS (sen)	8.3	9.7	5.0	1.4	3.7
Shareholders’ Equity (in RM’000)	304,782	397,521	422,241	453,053	494,844
Return on Equity	30%	27%	13%	3%	8%
Current ratio (times)	5.8	6.4	10.3	6.9	3.0
Gearingratio	0.0	0.0	0.0	0.0	0.1

Revenue (RM’000)
386,175
345,631
285,024
271,744
248,397
2021 2022 2023 2024 2025

Profit Before Taxation (RM’000)

40.27% 40.43%
139,736 24.98%
11.64%
114,789
7.56%
67,876
44,941
18,781
2021 2022 2023 2024 2025
Profit Before Taxation (in RM’000) PBT Margin (%)

Profit After Taxation (RM’000)
32.11% 30.89%
106,774 19.81%
91,533
10.23%
5.31%
53,826
39,524
13,196
2021 2022 2023 2024 2025
Profit After Taxation (in RM’000) PAT Margin (%)

Basic Earnings Per Share (Sen)

9.7
8.3
5.0
3.7
1.4
2021 2022 2023 2024 2025

06 • UWC BERHAD (201801012223) (1274239-A)

DATO’ WAN HASHIM BIN WAN JUSOH Independent Non-Executive Chairman

UWC Berhad (“UWC” or the “Group”) remains optimistic about its business prospects and the industries which it operates in, supported by signs of the market’s recovery. Building on this positive momentum, UWC is actively driving new project launches, expanding its customer base, and strengthening strategic partnerships to reinforce its market position. By enhancing its capabilities and pursuing innovations, UWC aims to capture greater value across the semiconductor and lifesciences and medical technology, positioning itself to achieve sustainable growth in the years ahead.

Dear valued shareholders,

On behalf of the Board of Directors, I am pleased to present the annual report and audited financial statement of UWC Berhad for the financial year ended 31 July 2025 (“FYE2025”).

FYE2025 presented uncertainties arising from potential changes in US tariffs. Despite the challenging market conditions, UWC continues to demonstrate resilience and adaptability.

As market recovery gains traction, we remain steadfast in our focus on driving operational efficiency and strengthening production capabilities, which will reinforce our competitiveness and position UWC to capture the next phase of sustainable growth.

FINANCIAL PERFORMANCE HIGHLIGHT

I am pleased to report that UWC delivered a resilient performance in FYE2025, achieving revenue of RM386.2 million and a profit after tax of RM39.5 million, representing growth of 55.5% and 199.5% respectively compared to FYE2024. This strong performance was driven by the semiconductor segment, which contributed 61.0% of total revenue, while the life sciences and medical technology segment accounted for 19.5% of total revenue.

The Group also maintained a healthy financial position, with cash and cash equivalents of RM26.7 million, a gearing ratio of 0.1 times, and current ratio of 3.0 times. Backed by this solid balance sheet, UWC is well-positioned to strengthen its capabilities and seize emerging opportunities in the coming years.

Annual Report 2025 • 07

...Chairman’s Statement

ECONOMIC OUTLOOK AND INDUSTRY PROSPECTS

The Malaysian economy is expected to maintain a steady growth trajectory, with GDP projected to expand between 4.0% and 4.8% in 2025. This outlook reflects a balance mix of opportunities and challenges arising from global trade dynamics. While external uncertainties persist, more favourable trade negotiations, pro-growth policies in major economies and sustained demand, particularly in electrical and electronic products, are expected to bolster Malaysia’s export performance and overall economic growth.

BUILDING A SUSTAINABLE FUTURE

At UWC, sustainability is a core principle guiding our business philosophy. We believe that sustainable growth comes from between balancing strong financial performance and our responsibility to the environment and society. In FYE2025, we enhanced our efforts by integrating ESG principles across our operations. More details on our ESG efforts are available in the Sustainability Statement on page 33 to 77 of this report.

APPRECIATION

To further stimulate growth, Bank Negara Malaysia implemented its first interest rate cut in five years in July 2025, a move aimed at cushioning the economy from external headwinds and stimulating domestic investment. These measures are expected to bolster business confidence and sustain economic momentum into 2026.

Globally, the semiconductor market is projected to grow by 8.5% in 2026, driven largely by sustained demand in the memory, logic, and analogue, alongside emerging applications in artificial intelligence, data centres and electric mobility. Given these conditions, UWC is strategically positioned to capitalise on these opportunities through its proven expertise in precision manufacturing and growing presence in the frontend semiconductor segment.

I would like to extend my sincere appreciation to the Board, management team, and all employees of UWC for their outstanding contributions throughout the year. Your professionalism and perseverance have been the cornerstone of the Group’s continued achievements.

My heartfelt gratitude also goes to our valued stakeholders, including our suppliers, customers, business partners, regulatory bodies, and financial institutions. Your continued trust and support have strengthened our ability to adapt in a dynamic environment.

Finally, to our esteemed shareholders, we are immensely thankful for your confidence in the Group. Your belief in our vision empowers us to pursue sustainable growth and deliver enduring value.

MOVING FORWARD

Looking ahead, UWC remains focused on strengthening its capabilities and expanding presence across high-growth segments of the semiconductor and life sciences and medical technology industries. The global push for AI, advanced computing, electric vehicles, and medical technology continues to reshape supply chains and create opportunities for integrated engineering and manufacturing partners like UWC.

A key priority is to accelerate our expansion in front-end semiconductor equipment and wafer fabrication-related assemblies. Ongoing investments in cleanroom facilities and advanced production lines will enhance production efficiency, manufacturing resilience, and improve readiness for large-scale new product introduction. These investments will enhance our capacity to serve global customers in highprecision front-end modules.

In the life sciences and medical technology segment, UWC will focus on broadening its portfolio of module assemblies and box-build solutions, building on its track record as a trusted partner for equipment used in genomics, diagnostics, surgical workflow, and patient-care solutions. The Group will continue to engage in collaborative project transfers with global customers, enabling faster entry into new applications and strengthening its market presence.

Beyond its core businesses, UWC aims to leverage opportunities in next-generation technologies, including 5G network equipment, autonomous-vehicle-related chip testing, and EV battery testing solutions. These adjacent areas will provide additional growth drivers and support diversification over the long term.

Together, these strategic priorities will drive UWC’s momentum into 2026 and the years ahead as we deliver sustainable growth, enhance resilience and strengthen our position in the semiconductor ecosystem.

Yours faithfully,

DATO' WAN HASHIM BIN WAN JUSOH

Independent Non-Executive Chairman

08 • UWC BERHAD (201801012223) (1274239-A)

Management Discussion & Analysis

Review of 2025

Key Milestones

1990	2022	2023
Incorporated UWC Holdings and commenced operations as a trading company	2021 Incorporated subsidiaries to facilitate Group’s business expansion plans	Incorporated a subsidiary in Singapore to extend Group’s business foot prints Completed construction of Class 100 cleanroom for front-end semiconductor
1992		business
Ventured into the mould making business and started providing metal stamping services	Awarded to manufacture world’s highest frequency 5G millimeter-wave test chamber from a key customer Completed construction of Class 10,000 cleanroom for front-end semiconductor	Set up new fabrication site in Taiping, Perak to expand our production capacity Acquired the entire equity interest in UWC Technology to pivot into front-end semiconductor manufacturin business
1994	equipment	g and other higher value activities
Expanded our services to include metal cutting	Expansion to a factory in Taiping, Perak 2020	Met the globally recognised standards and qualified for inclusion into the FTSE4Good Bursa Malaysia (F4GBM) Index and FTSE4Good Bursa Malaysia
1997	Incorporated UPLUS Solutions as a subsidiary company and commenced business in the	, Shariah (F4GBMS) Index; demonstrating strong Environmental, Social and
Set up our first manufacturing plant in	manufacturing of automation solutions	Governance (“ESG”) practices
Bukit Minyak, Penang Ventured into the provision of sub- assembly services to our customers	Ventured into COVID-19 high-throughput virus extraction test equipment Contribution made to Penang States Government and schools by donating hand	Acquired MCE Technologies Sdn. Bhd. and MCT (Thailand) Co. Ltd. to ramp up the Group’s production capacity and ofer geographical diversification to UWC’s fi i
2000	sanitizer, and COVID-19 Screening Booth to Penang General Hospital	manuacturng stes
Incorporated UWC Automation and commenced business in the manufacturing	2019	2024
of precision machined components	Ventured into front-end semiconductor segment	Awarded an EcoVadis Silver Medal 2023 ranking in the top 15% for our ongoing
2005	Listed on Main Market of Bursa Malaysia	sustainability achievements
Incorporated UWC Industrial to provide metal fabrication and value-added assembly services to the semiconductor industry	2018 Securities Berhad Ventured into 5G tester segment	Completed construction of new warehouse facility in Batu Kawan Industrial Park to expand our production capacity
Ventured into the life science and medical technology industry 2006	Relocated our entire operations to our new manufacturing plant in Batu Kawan, Penang Set up UWC Education Center at Seberan Perai Poltechnic	Signed Memorandum of Understanding (MoU) with Universiti Sains Malaysia h l dl 2025
2007	g y	(USM) to strengten taent eveopment, research collaboration, and innovation.
Set up our second manufacturing plant in Bukit Minyak, Penang	Set up the UWC Scholarship Fund 2017	Hosted multiple ministerial and industry delegations, strengthening collaboration in innovation and semiconductor talent
2010	2014	development. Recognized by Jabatan Pendidikan
Completed our first order for the provision of full-assembly services for a MNC in the semiconductor industry	Ventured into the heavy equipment industry and secured our first order from Bromma (Malaysia) Sdn Bhd	Negeri and STEM Penang for UWC’s impactful contribution to STEM education and youth talent development.

2023
Incorporated a subsidiary in Singapore to
extend Group’s business foot prints
Completed construction of Class 100
cleanroom for front-end semiconductor
business
Set up new fabrication site in Taiping,
Perak to expand our production capacity
Acquired the entire equity interest in
UWC Technology to pivot into front-end
semiconductor manufacturing business
and other higher value activities
Met the globally recognised standards
and qualified for inclusion into the
FTSE4Good Bursa Malaysia (F4GBM)
Index, and FTSE4Good Bursa Malaysia
Shariah (F4GBMS) Index; demonstrating
strong Environmental, Social and
Governance (“ESG”) practices
Acquired MCE Technologies Sdn. Bhd.
and MCT (Thailand) Co. Ltd. to ramp up
the Group’s production capacity and offer
geographical diversification to UWC’s
manufacturing sites

2024
Awarded an EcoVadis Silver Medal 2023
ranking in the top 15% for our ongoing
sustainability achievements
Completed construction of new
warehouse facility in Batu Kawan
Industrial Park to expand our production
capacity

Relocated our entire operations to our
new manufacturing plant in Batu Kawan,
Penang
Set up UWC Education Center at
Seberang Perai Polytechnic
2017
Set up the UWC Scholarship Fund
2014
Ventured into the heavy equipment
industry and secured our first order from
Bromma (Malaysia) Sdn Bhd

2025
Signed Memorandum of Understanding
(MoU) with Universiti Sains Malaysia
(USM) to strengthen talent development,
research collaboration, and innovation.
Hosted multiple ministerial and industry
delegations, strengthening collaboration
in innovation and semiconductor talent
development.
Recognized by Jabatan Pendidikan
Negeri and STEM Penang for UWC’s
impactful contribution to STEM education
and youth talent development.

2010
Completed our first order for the
provision of full-assembly services for a
MNC in the semiconductor industry

Annual Report 2025 • 09

...Management Discussion & Analysis

Key Awards

2007 2017 2023 Received the Top 50 Enterprise Awards Received recognition for outstanding Received Malaysia Sustainability Malaysia under the category of Golden commitment and support of new product Excellence Award from KSI Strategic Award from Malaysia Entrepreneurs’ introduction from Teradyne Institute for Asia Pacific Development Association 2018 2024 2008 Received strategic partner award from Received 2023 PRISM Award (ESG Received best on-time supplier Manpower Department, Ministry of Collaboration: Social Impact) from ASM recognition award from Harmer & Human Resources Malaysia as being recognised for exceptional Simmons Ltd performance, continuous progression, 2019 and contributions to ESG practices 2012 Received Manufacturing Asia Awards Received supplier recognition award from 2024 from Manufacturing Asia Received supplier recognition award from Keysight for Best in Class Performance Teradyne Quality

Received Malaysia Sustainability
Excellence Award from KSI Strategic
Institute for Asia Pacific

Received 2023 PRISM Award (ESG
Collaboration: Social Impact) from ASM
as being recognised for exceptional
performance, continuous progression,
and contributions to ESG practices
Received Manufacturing Asia Awards
2024 from Manufacturing Asia

Received best on-time supplier
recognition award from Harmer &
Simmons Ltd

2012 Received supplier recognition award from Teradyne 2014 Received supplier recognition award from Agilent 2015

Received supplier recognition award from
Keysight for Best in Class Performance
Quality

Received supplier recognition award from
Teradyne

Received the Lam Research 2025 Supplier
Excellence Award for Leadership in
Operational Execution, recognizing UWC’s
world-class precision engineering and
operational excellence.
UWC officially certified as an Akademik
Dalam Industri (ADi) Centre, marking its
recognition as a structured learning and
industry-academic excellence hub.

2020 Received the Lam Research 2025 Supplier Excellence Award for Leadership in Received recognition in 2020 Forbes Operational Execution, recognizing UWC’s Asia’s Best Under A Billion list world-class precision engineering and operational excellence. 2021 UWC officially certified as an Akademik Dalam Industri (ADi) Centre, marking its Received Manufacturing Sector Award recognition as a structured learning and Category 3 in conjunction with Industry industry-academic excellence hub. Excellence Award (AKI) 2020 from Ministry of International Trade and Industry (MITI) 2022 Received supplier recognition award from Teradyne

Received supplier recognition award from
Agilent

Received recognition in 2020 Forbes
Asia’s Best Under A Billion list

Received Manufacturing Sector Award
Category 3 in conjunction with Industry
Excellence Award (AKI) 2020 from Ministry
of International Trade and Industry (MITI)

Received Sin Chew Business Excellence Award 2015 under the category of Product and Service Excellence

2016 Received Golden Eagle Award under the Excellent Eagles category from Nanyang Business Daily

Received Golden Eagle Award under the
Excellent Eagles category from Nanyang
Business Daily

Received supplier recognition award from
Teradyne

BUSINESS OVERVIEW

UWC is an integrated engineering service provider offering one-stop solutions to companies across the semiconductor, life sciences, and medical technology industries. We provide a full spectrum of engineering solutions, from precision piece part manufacturing to full turnkey assemblies, enabling customers to streamline their supply chains through a single trusted partner.

Our manufacturing expertise spans metal fabrication, precision machining, plastic fabrication, and surface treatment, which are supported by advanced automation and in-process testing technologies. These capabilities allow us to produce highly complex intermediate products such as frames, chambers, and enclosures with the precision demanded by the front-end semiconductor ecosystem. Beyond fabrication, we offer assembly, sub-assembly integration, and system-level integration, where our selfmanufactured parts and modules are combined into finished products ready for deployment.

In recent years, UWC has progressively moved up the value chain, expanding the scope from component manufacturing to delivering high-value turnkey solutions, including testers, semiconductor-related modules, and advanced equipment assemblies. The addition of wafer fabrication-related assemblies and critical front-end components in FYE2025 marks a significant step in broadening our portfolio. These ventures not only strengthen our participation in the global semiconductor supply chain but also align with structural industry growth driven by AI, high-performance computing, and electrification.

Outside the semiconductor industry, UWC continues to serve the life sciences and medical technology sectors, where demand for high-precision engineering solutions and medical instrumentation remains resilient. Our involvement in these industries provides a steady earnings base, complementing the cyclical nature of the semiconductor market.

Backed by continuous investments in technology, talent, and cleanroom infrastructure, UWC has built a strong foundation to capture opportunities in high-barrier industries. By combining precision engineering with system-level integration and expanding into wafer fabrication-related assemblies, the Group is well-positioned to support customers’ next-generation roadmaps and sustain its long-term growth trajectory.

10 • UWC BERHAD (201801012223) (1274239-A)

...Management Discussion & Analysis

FINANCIAL REVIEW

UWC delivered a strong financial performance for FYE2025, supported by recovery of the semiconductor sector and improved operational momentum. The Group recorded revenue of RM386.2 million, marking a 55.5% increase from RM248.4 million in the previous financial year. Profit after tax tripled to RM39.5 millon, compared to RM13.2 million in FYE2024. The robust turnaround was mainly driven by stronger order flows from semiconductor customers and improved production efficiency, alongside steady contributions from the life sciences and medical technology segment.

The semiconductor segment continued to serve as the Group’s primary revenue contributor, benefitting from increased investment in front-end semiconductor equipment and renewed new product introduction (“NPI”) activities among customers. Looking ahead, the semiconductor recovery is expected to continue into the coming year, underpinned by structural trends in AI, 5G, and EVs. Meanwhile, the life sciences and medical technology segments provided steady earnings throughout the year, supported by ongoing demand for high-precision engineering solutions where the life sciences segment is expected to remain as a stable growth pillar.

In FYE2025, the Group achieved earnings per share of 3.68 sen, representing a 161.0% improvement from 1.41 sen in the preceding year. Return on equity strengthened to 8.0%, in tandem with earnings growth. As at 31 July 2025, UWC maintained a robust financial position with cash and bank balances of RM26.7 million, while other investments amounted to RM7.9 million. The Group recorded a low gearing ratio of 0.1 times and current ratio of 3.0 times. Backed by a solid balance sheet and improving market conditions, UWC is well-positioned to capitalise on the semiconductor upcycle and sustain growth across its key customer segments.

REVIEW OF OPERATING ACTIVITIES

TECHNOLOGY

In FYE2025, UWC advanced its technological foundation through a series of strategic upgrades in high-precision machining, automation systems, and digital manufacturing tools. These enhancements were guided by the Group’s commitment with a focus on achieving tighter tolerances, shortening cycle times and building resilience into complex production environments, particularly for front-end semiconductor and life sciences applications that demand the highest standards of consistency and reliability.

A key focus area during the year was the enhancement of machining capabilities. The installation of 5-axis simultaneous vertical machining centres and rotary table systems for double-column machines significantly expanded our ability to perform multi-axis operations. These investments reduced fixture requirements, shortened cycle times, and improved process repeatability, while delivering tighter positional accuracy and fine surface finishes demanded by advanced customer programmes.

To complement these core upgrades, we invested in a shrink-fit machine to improve gripping torque and extend tool life, thereby ensuring stability in high-speed machining. The introduction of an NC dry ice cleaning system further enhanced machine reliability by reducing contamination and maintenance downtime. These investments translated into higher uptime and more reliable output across critical machining lines.

Digitalisation remained central to UWC’s transformation journey. The Group implemented HYPER MILL 5-axis CAM software and HYPER MILL virtual machining, providing our engineers with advanced programming tools, efficient toolpaths, and reliable collision avoidance. The virtual machining platform allowed toolpaths to be validated before execution, reducing dry-run requirements and boosting machinist confidence. At the same time, the deployment of BLUM probing systems and Solid CAM software strengthened in-process measurement and real-time compensation, ensuring consistency in parts production and further reducing operator dependency.

Together, these investments supported higher throughput, improved first-pass yield, and greater confidence in handling complex projects. Importantly, they reinforced UWC’s readiness to participate in a wider range of NPI activities, enabling us to meet customers’ evolving requirements in AI, high-performance computing, and advanced medical technologies.

SALES AND MARKETING

In FYE 2025, UWC sustained its market presence across key industries and geographies, supported by stronger demand from semiconductor and life sciences customers. The semiconductor segment continued to be the Group’s largest revenue contributor, accounted for approximately 61.0% of the year’s total revenue. This reflects the ongoing recovery in both front-end and backend activities. The life sciences and medical technology segments delivered steady contributions, accounted for around 19.5%, reinforcing its role as a stable earnings pillar.

From a geographical perspective, Malaysia remained the Group’s largest revenue contributor. The country made up for approximately 53.0% of total sales. This reflects UWC’s strong presence in the domestic semiconductor ecosystem and continued collaboration with multinational clients operating locally. The United States contributed around 19.7%, supported by sustained demand from regional customers. Singapore and Thailand remained as important international markets, collectively accounted for approximately 19.7%, driven by resumed project rollouts and increased supply chain diversification. The remaining revenue was derived from other regions, including Mexico, Korea, India, and selected Asia-Pacific and European countries.

Annual Report 2025 • 11

...Management Discussion & Analysis

SALES AND MARKETING (cont'd)

Customer engagement remained a key focus in FYE 2025. UWC continued to prioritise responsiveness, solution-based collaboration and regular technical engagement to support high-value programmes and NPI activities. Close partnerships with strategic customers enabled the Group to deepen project visibility and secure long-term opportunities in both semiconductor and life sciences segments.

Looking ahead, the semiconductor market in Malaysia is expected to strengthen further in line with global industry recovery and increasing foreign direct investments into the country. National initiatives to promote high-value electronic and semiconductor activities will continue to create opportunities across advanced manufacturing, front-end capabilities and engineering services. With its sustained investment in technology, cleanroom development and precision engineering, UWC is well-positioned to leverage these opportunities and expand its role within the regional and global supply chain.

CHALLENGES AND STRATEGY

CONSTANTLY IDENTIFYING AND DEPLOYING LATEST TECHNOLOGIES

Remaining at the forefront of technological advancement is a cornerstone of UWC’s strategy. In industries where product complexity is escalating and customer requirements evolve rapidly, the Group continues to strengthen its capabilities by combining advanced equipment, digitalisation, and process innovation. This approach ensures that UWC remains a trusted partner for next-generation semiconductor and life sciences projects.

In FYE2025, we enhanced our machining foundation with the installation of four new 5-axis VMC machines, enabling greater precision and efficiency. These machines significantly shortened cycle times by up to 76% for some projects while enabling us to handle complex geometries and tighter tolerances required in front-end semiconductor assemblies.

Our product development department played a pivotal role in translating these capabilities into customer-ready solutions. Among the milestones achieved during the year were the successful completion of a major light source assembly for front end module, new plastic fabrication and weldment qualifications for critical process modules, and the delivery of chassis systems for semiconductor testing applications. The Group also advanced towards mass production of a test handler system, expanded into gas enclosure projects, and delivered a series of racking solutions and precision-machined components for medical technology. Collectively, these milestones underscore the Group’s ability to translate continuous investments in innovation into tangible commercial results.

In parallel, UWC continued to progress its digital transformation roadmap. Key initiatives launched during the year included the FA Portal 2.0, ICRF Portal 2.0, and the use of RPA automation for job creation and order release, which have improved efficiency, accuracy and lead-time management. Enhancements such as the Transmittal Report System and EDCN 2.0 were introduced to strengthen engineering workflows and governance, while future initiatives to enhance overall engineering capabilities and productivity are scheduled for rollout in FY2026. These investments represent important steps in our journey towards a fully digitalised, Industry 4.0-enabled operation.

As part of the ongoing efforts to benchmark against international best practices, UWC participated in Euro Blech 2024 in Hannover, Germany, one of the world’s largest exhibitions for sheet metal processing. This platform provided invaluable exposure to the latest innovations in automation, sustainability and digital manufacturing, ensuring that our investment priorities remain aligned with global trends.

By constantly identifying and deploying the latest technologies, UWC continues to reinforce its reputation as a forward-looking engineering partner. Our proactive embrace of automation, digitalisation, and high-precision capabilities positions the Group to deliver greater value to customers, navigate evolving industry requirements, and sustain growth in both the semiconductor and life sciences markets.

CUSTOMER PERFORMANCE

The recovery of the semiconductor sector in FYE 2025 supported a noticeable improvement in customer activities, particularly in the front-end supply chain. Increased order visibility and rising NPI engagements, especially in AI, electrification, and highperformance computing applications, signalled a positive shift in demand. Both front-end and back-end semiconductor customers recorded higher order volumes, reflecting renewed confidence and momentum across the industry.

Life sciences and medical technology continued to provide steady revenue contributions, anchored by ongoing healthcare demand and technological innovation in diagnostics and medical instrumentation. The Group’s growing involvement in medical instrumentation projects has helped diversify its revenue base beyond the semiconductor sector.

UWC also remained focused on exiting lower-margin operations and reallocating resources to high-growth, technology-intensive segments. By aligning closely with multinational clients and maintaining strong collaboration throughout product development cycles, the Group is well-positioned to capture growth opportunities amid the sector’s recovery.

12 • UWC BERHAD (201801012223) (1274239-A)

...Management Discussion & Analysis

CHALLENGES AND STRATEGY (cont'd)

HUMAN CAPITAL

Our people form the foundation of UWC’s long-term growth strategy. In FYE2025, we continued to strengthen our workforce by expanding our pool of engineers and technical specialists, particularly in mechatronics, digital manufacturing, and advanced machining. This expansion ensures that we are equipped to manage increasing project complexity while preparing the organisation for opportunities in emerging technologies.

The Group remained committed to employee development through structured training programmes, aimed at enhancing technical expertise and leadership capabilities. To complement this, UWC encouraged international exposure to global best practices. At EuroBlech 2024 in Hannover, representatives gained insights into the latest sheet metal and automation technologies, reinforcing our strategy to adopt sustainable and digitally enabled manufacturing solutions.

To recognise contributions and strengthen retention, approximately 1,946,300 shares were awarded under the Share Grant Scheme during the year. This initiative continues to motivate employees, reward excellence, and align their interests with the Group’s longterm performance.

Looking forward, UWC will continue to strike a balance between automation and human talent. While investments in digitalisation and advanced manufacturing technologies enhance productivity, it is the dedication, adaptability, and innovative spirit of our people that will ensure the Group’s continued success in 2026 and beyond.

FORWARD LOOKING STATEMENT

UWC looks ahead with measured confidence, underpinned by robust forecasts for semiconductor growth and sustained momentum in life sciences. We believe our solid investments in technology, cleanroom infrastructure, and front-end capabilities will allow us to capitalise on the next upcycle.

Globally, the semiconductor industry is projected to grow by 8.5% in 2026, reaching USD760.7 billion in total sales, according to WSTS forecasts. This growth is expected to be broad-based, with strong contributions from memory, logic and analogue segments. In parallel, wafer fab equipment spending has been forecasted to grow by 6.6% in 2026, reaching USD69.0 billion, reflecting continued expansion in capacity, especially for advanced nodes.

In the life sciences and medical technology sectors, industry forecasts remain favourable. The global medical devices market is expected to grow at a compound annual growth rate (CAGR) of 6.0% over the medium term, rising from around USD640.45 billion in 2024 to approximately USD1,157.0 billion. This trajectory underscores durable demand driven by ageing populations, regulatory changes, and continued innovation in diagnostics and therapeutics.

UWC expects to leverage its strengthened front-end capability to capture a greater share of higher-margin wafer-level assemblies and critical process components. At the same time, steady demand from medical device customers will continue to underpin revenue stability and diversify earnings away from semiconductor cyclicality.

Assuming steady execution, UWC anticipates continuing growth in revenue and profitability in FY2026, driven by volume recovery, increased content per unit, improved manufacturing utilisation, and tighter integration with customer roadmaps. We remain vigilant about macro uncertainties, geopolitical risk, and foreign exchange volatility, and will continue to manage these through prudent hedging, operational flexibility, and disciplined investment.

In short, 2026 holds the promise of lasting growth, anchored in structural trends of AI, electrification, advanced computing, and health technologies, and UWC is well-positioned to ride forward with resilience and innovation.

CONCLUSION

FYE2025 marked a decisive year for UWC as the Group navigated the semiconductor recovery while strengthening its technological, operational and human capital foundations. The improvement in both front-end and back-end semiconductor demand, combined with the continued resilience of the life sciences segment, supported stronger financial performance and renewed growth momentum.

Strategic investments in precision machining, automation, digitalisation and cleanroom capabilities have bolstered the Group’s readiness for more complex, higher-margin programmes. The recognition from Lam Research through the 2025 Supplier Excellence Award reinforced UWC’s reputation as a reliable global partner and reflected the Group’s disciplined execution and quality-driven culture.

Supported by a diversified customer base, operational agility and forward-looking strategy, UWC is well-placed to capture the next wave of industry opportunities, deliver sustainable value to stakeholders and build on its trajectory of long-term growth.

Dato' Seri Ng Chai Eng Executive Director/Group CEO

Annual Report 2025 • 13

Board Of
Directors

From left to right:

1. Ng Sze Yen

Alternate Director to Dato’ Lau Chee Kheong/Deputy Group COO

5. Dato’ Seri Ng Chai Eng

Executive Director/Group CEO

2. Dato’ F’ng Meow Cheng

Independent Non-Executive Director

3. Dato’ Lau Chee Kheong Executive Director/Group COO

4. Dato’ Wan Hashim Bin Wan Jusoh

Independent Non-Executive Chairman

6. Dr. Ng Chin Liang

Alternate Director to Dato’ Seri Ng Chai Eng/Deputy Group CEO

7. Dato’ Seri Lee Teong Li Independent Non-Executive Director

8. Jariyah Binti Hashim Independent Non-Executive Director

14 • UWC BERHAD (201801012223) (1274239-A)

DATO’ WAN HASHIM BIN WAN JUSOH

Independent Non-Executive Chairman

AGE GENDER NATIONALITY 68 Male Malaysian

Qualification

Bachelor of Science in Resource Economics, Universiti Pertanian Malaysia (now known as Universiti Putra Malaysia)

Present Appointment

Independent Non-Executive Director of NuEnergy Holdings Berhad (formerly known as ILB Group Berhad)
Independent Non-Executive Director of AYS Ventures Berhad

Date first appointed to the Board

7 November 2018

Membership of Board Committee

Any family relationship with any director and/or major shareholder of UWC None

None

Working Experience and Occupation

Assistant Director, MIDA Kuala Lumpur (1981 – 1991)
Deputy Director, MIDA Los Angeles, USA (1991 – 1995)
Director, MIDA Kuala Lumpur (1996 – 2003)
Director, MIDA Boston, USA (2003 – 2006)
Director, MIDA New York, USA (2007 – 2008)
Director of Foreign Direct Investment Promotion, MIDA Kuala Lumpur (2009 – 2011)
Senior Director, MIDA Kuala Lumpur (2011 – 2012)

Any conflict of interests that the person has with UWC None

Other than traffic offences, the list of convictions for offences within the past five (5) years and particulars of any public sanction or penalty imposed by the relevant regulatory bodies during the financial year None

Number of board meetings attended in the financial year

6/6

Executive Director, MIDA Kuala Lumpur (2012 – 2014)
Senior Executive Director, MIDA Kuala Lumpur (2014 – 2017)

Annual Report 2025 • 15

DATO' SERI NG CHAI ENG Executive Director/Group Chief Executive Officer

AGE GENDER NATIONALITY 62 Male Malaysian

Qualification

Malaysian Skills Certificate Level 1 (formerly known as Sijil Kecekapan Ketukangan Peringkat Asas)
Malaysian Skills Certificate Level 2 (formerly known as Sijil Kecekapan Ketukangan Peringkat Pertengahan)
Certificate in Administrative Management, Centre for Business Studies (London)
Certificate in Production and Quality Control Management, Centre for Business Studies (London)

Present Appointment

Advisor of the Federation of Malaysian Foundry and Engineering Industries Associations (FOMFEIA)
Industry Relations Chairman of Penang Premium Business Enterprise Association (PPBEA)
Chairman in Sekolah Jenis Kebangsaan (C) Beng Teik (Pusat)
Director of UMedic Group Berhad
Director of all subsidiaries of UWC Berhad
Director of several private limited companies

Date first appointed to the Board

29 March 2018

Membership of Board Committee

Any family relationship with any director and/or major shareholder of UWC

He is the father of Dr. Ng Chin Liang, his Alternate Director

None

Working Experience and Occupation

Apprentice electrician, Mattel (Malaysia) Sdn. Bhd. (1982 – 1983)
Senior Technician, Leader Electrical Appliances Manufacturing Sdn. Bhd. (now known as GUH Electrical Appliances Sdn. Bhd.) (1985 – 1990)
Plant Manager, Leader Electrical Appliances Manufacturing Sdn. Bhd. (now known as GUH Electrical Appliances Sdn. Bhd.) (1990)

Any conflict of interests that the person has with UWC None

Number of board meetings attended in the financial year

6/6

16 • UWC BERHAD (201801012223) (1274239-A)

DATO’ LAU CHEE KHEONG

Executive Director/Group Chief Operations Officer

AGE GENDER NATIONALITY 62 Male Malaysian

Qualification

Sekolah Menengah Jenis Kebangsaan Hua Lian Taiping, Perak
Professional Diploma in Business Administration (Finance), Genovasi Centre for Higher Learning

Date first appointed to the Board

29 March 2018

Committee Member of Persatuan Kebajikan 88 Kapten Pulau Pinang
Chairman of Construction Committee of SJK (C) Chiao Nan, Pulau Pinang
Advisor for Penang Foundry & Engineering Industries Association
Deputy Chairman of Int’l & Domestic Trade Fair of North Perak Chinese Chamber of Commerce and Industry
Honorary Chairman of Low Clan Association Penang

Membership of Board Committee

None

Director of all subsidiaries of UWC Berhad
Director of several private limited companies

Working Experience and Occupation

Technical Supervisor, Tekskill Component Sdn. Bhd. (1980 – 1984)
Supervisor, Toriki Metal Engineering Sdn. Bhd. (1984 – 1986)
Assistant Factory Manager, Leader Electrical Appliances Manufacturing Sdn. Bhd. (now known as GUH Electrical Appliances Sdn. Bhd.) (1986 – 1991)

Present Appointment

Vice President of Persatuan Alumni Sekolah Hua Lian Taiping Zon Utara Malaysia
Vice President of Lembaga Jemaah Pengurus Sekolah SJK (C) Chiao Nan, Pulau Pinang
Vice Chairman of Hua Lian High School Taiping

Any family relationship with any director and/or major shareholder of UWC

None

Any conflict of interests that the person has with UWC None

Number of board meetings attended in the financial year

6/6

Advisor Kelab Sukan Dan Rekreasi Roket Pulau Pinang.

Annual Report 2025 • 17

DATO’ SERI LEE TEONG LI

Independent Non-Executive Director

AGE GENDER NATIONALITY 64 Male Malaysian

Qualification

Manufacturing Management, The SANNO Institute of Management, Japan
Certificate in Computer Programming and Information Procession, City and Guilds of London Institute

Date first appointed to the Board

31 July 2025

Present Appointment

Chairman of Federation of Malaysian Manufacturers, Penang Branch
Director of Amphenol TCS (Malaysia) Sdn. Bhd.

Any family relationship with any director and/or major shareholder of UWC None

Membership of Board Committee

Audit Committee (Member)

Any conflict of interests that the person has with UWC None

Risk Management Committee (Member)
Nomination Committee (Chairman)
Remuneration Committee (Chairman)

Working Experience and Occupation

Senior Manager, Dynacraft Incorporated Sdn. Bhd. (1979 – 1992)
Operations Manager, Gotoh Manufacturing, Japan (1993 – 1998)

Number of board meetings attended in the financial year

0/0

Vice President, AKN Industries Sdn. Bhd. (1999 – 2001)
Director, Am-Seiko Sdn. Bhd. (2001 – 2007)
Regional General Manager, Amphenol TCS Malaysia Sdn. Bhd. (2008 – Present)

18 • UWC BERHAD (201801012223) (1274239-A)

DATO’ F’NG MEOW CHENG

Independent Non-Executive Director

AGE GENDER NATIONALITY 59 Female Malaysian

Qualification

Bachelor of Science in Business Administration, University of Southwestern Louisiana, USA
Master of Management, Australian Institute of Business, Australia
Member of Malaysian Institute of Certified Public Accountants

Present Appointment

Independent Non-Executive Director of Aurelius Technologies Berhad
Independent Non-Executive Director of SNS Network Technology Berhad
Independent Non-Executive Director of PSP Energy Berhad
Director of several private limited companies
Member of Malaysian Institute of Accountants

Date first appointed to the Board

7 November 2018

Any family relationship with any director and/or major shareholder of UWC

None

Membership of Board Committee

Audit Committee (Chairman)

Any conflict of interests that the person has with UWC None

Risk Management Committee (Member)
Nomination Committee (Member)
Remuneration Committee (Member)

Working Experience and Occupation

System Planner, Sony Electronics (M) Sdn. Bhd. (1991 – 1992)
Audit Junior to Assistant Manager, Russ Ooi & Associates (1992 – 1996)

Number of board meetings attended in the financial year

6/6

Manager, H. B. Ooi & Co (1996 – 1998)
Manager, K. B. Tan & Co (1998 – 2002)
Auditor, MC F’ng & Associates (2002 – Present)

Annual Report 2025 • 19

JARIYAH BINTI HASHIM

Independent Non-Executive Director

AGE GENDER NATIONALITY 63 Female Malaysian

Qualification

Bachelor of Science (Chemistry), Western Illinois University, Macomb
Master of Science (Chemistry), Western Illinois University, Macomb
Vice President, Education and Human Capital Division, Northern Corridor Implementation Authority (“NCIA”) (2010 – 2016)
Vice President, Manufacturing Division, NCIA (2016 – 2019)
Regional Head, Perak and Pulau Pinang, NCIA (2019 – 2022)
Honorary Master of Economics, Universiti Malaysia Perlis
Train-The-Trainer (TTT) Certified Trainer

Date first appointed to the Board

2 May 2024

Membership of Board Committee

Audit Committee (Member)
Risk Management Committee (Chairman)

Present Appointment

Member of Kelab Pembangunan TVET and Usahawan Pulau Pinang
Board Member of Koperasi Usahawan Pendidikan Latihan Teknikal dan Vokasional Pulau Pinang (UTVET) Berhad

Any family relationship with any director and/or major shareholder of UWC

None

Nomination Committee (Member)
Remuneration Committee (Member)

Any conflict of interests that the person has with UWC None

Working Experience and Occupation

Engineer, Process Engineering, Advanced Micro Devices (“AMD”) (1986 – 1991)
Manager, Process Engineering, AMD (1991 – 1994)
Director of Quality Engineering, Environment, Health & Safety (“EHS”), Facilities and Physical Distribution, AMD (1994 – 2001)
Director of Quality Engineering, EHS, Security, HR Business Partner and Total Continuous Process Improvement, AMD (2001 – 2010)

Number of board meetings attended in the financial year

6/6

20 • UWC BERHAD (201801012223) (1274239-A)

DR. NG CHIN LIANG

Alternate Director to Dato’ Seri Ng Chai Eng/ Deputy Group Chief Executive Officer

AGE GENDER NATIONALITY 32 Male Malaysian

Qualification

Bachelor of Arts (First Class Honours) in Accounting and Finance, University of Exeter, UK
Master of Science (Distinction) in Accounting and Finance, University of Exeter, UK (Under Scholarship)
Fellow Member of the Association of Chartered Certified Accountants
Member of the Malaysian Institute of Accountants
Doctor of Business Administration, Wawasan Open University
Member of Institute-Industry Management Board, Institut Latihan Perindustrian Arumgam Pillai Nibong Tebal
Member of Technical Advisory Committee, Institut Teknikal Jepun Malaysia (JMTI)
Council Member of Federation Malaysia Manufacturer
Advisor of Junior Chamber International (JCI) Bayan
Director of Penang Science Cluster
Council of Experts the Government-Industry TVET Coordination Body (GITC)
Director of several private limited companies

Date first appointed to the Board

15 November 2019

Membership of Board Committee

Any family relationship with any director and/or major shareholder of UWC

He is the son of Dato’ Seri Ng Chai Eng, the Executive Director/ Group CEO and major shareholder of UWC

None

Working Experience and Occupation

Audit Associate, Deloitte PLT, Penang (2015 – 2016)
Assistant Finance Manager, UWC Holdings Sdn. Bhd. (2016 – 2018)
Head of Corporate Affairs and Communications, UWC Berhad (2018 – 2019)

Any conflict of interests that the person has with UWC None

Present Appointment

Vice Chairman of Penang Skill and Development Centre
Member of Industry Advisory Committee, Politeknik Seberang Perai

Number of board meetings attended in the financial year

6/6

Annual Report 2025 • 21

NG SZE YEN

Alternate Director to Dato’ Lau Chee Kheong/ Deputy Group Chief Operations Officer AGE GENDER NATIONALITY 42 Female Malaysian

Qualification

Bachelor of Mechanical Engineering, Universiti Tun Hussein Onn
Certified Innovation Professional (CIP) at Global Innovation Management Institute
Certified Innovation Manager at Global Innovation Management Institute
Master of Business Administration (MBA) at HELP University

Date first appointed to the Board

3 Jan 2025

Present Appointment

Board of Director in SJK (C) Kim Sen
Vice Chairman, PIBG (Parent-Teacher Association), SJKC Kim Sen
Member of Activity Committee, SMJK Jit Sin
Academy Advisor in UWC Professional Diploma Programs
Industry Advisor, Wawasan Open University

Any family relationship with any director and/or major shareholder of UWC

Niece of Dato’ Seri Ng Chai Eng

Membership of Board Committee

None

Any conflict of interests that the person has with UWC None

Working Experience and Occupation

Project Engineer, UWC Holdings Sdn. Bhd. (2006 – 2009)
Senior Engineer, UWC Holdings Sdn. Bhd. (2009 – 2010)
Assistant Business Development Manager, UWC Holdings Sdn. Bhd. (2010 – 2011)
Business Development Manager, UWC Holdings Sdn. Bhd. (2011 – 2018)
Head of Operation, UWC Berhad (2018 – 2020)

Number of board meetings attended in the financial year 2/2

General Manager, UWC Berhad (2020 – 2024)
Deputy Group Chief Operations Officer (2024 – Present)

22 • UWC BERHAD (201801012223) (1274239-A)

...Profile Of Directors

Training Programs attended by the Director

The following are the seminar, conference, webinar and sharing session attended by the Directors as at financial year ended 31 July 2025 (“FYE 2025”).

Name of Directors	Mode of Training	Title
Dato’ Wan Hashim Bin	Webinar	Briefing on Greenhouse Gas (GHG) Inventory and Reporting
Wan Jusoh	Physical Physical	Anti-Corruption Training for Directors Amendments to ListingRequirements
Dato’ Seri Ng Chai Eng	Webinar	Driving Export Competitiveness: A Sustainability Perspective from Malaysia and Singapore
	Webinar	HSBC Global Private Banking2025 Mid-Year Investment Outlook
Dato’ Lau Chee Kheong	Webinar Training	Mandatory Accreditation Programme Part II: Leading for Impact (LIP) 2025 Alibaba AI Study Tour
	External	Asia-Pacific Business Forum 2025
Dato’ Seri Lee Teong Li	Physical Physical	Safety Measure in Major Hazard Industries - (CIMAH) Malaysia Technical Standards Forum (MTSFB) - Smart Manufacturing
	Physical	Strengthening Industrial Productivity Through Talent
	Physical	Regional Comprehensive Economic Partnership (RCEP) Revolution, Maximise Your Trade Potential
	Physical	Green Technology& EnergyEficiency(EECA Act)
Dato’ F’ng Meow Cheng	Webinar Webinar Webinar	MIA Webinar Series: Tax and Law Relating to Property Transaction, Capital Gains Tax, Estates and Trusts MIA Webinar Series: Practical Implementation of e-Invoicing in Malaysia - Concepts & Challenges SSM X BNM: Roles and Responsibilities of Company Secretaries as Compliance Oficers Under AMLA 2001
	Webinar Webinar	MIA Webinar Series: Accounting for Financial Instruments in Accordance with MPERS (Covering Section 11, 12 & 22) Case Study-Based MFRS Webinar: MFRS 18 – Presentation and Disclosure in Financial Statements
Jariyah Binti Hashim	Webinar Webinar	Mandatory Accreditation Programme Part II: Leading for Impact (LIP) Understanding IFRS S1 and S2: Climate and Sustainable Reporting Simplified byCA Swati Gupta
Dr. Ng Chin Liang	Physical Webinar Physical Physical	Empowering the Malaysian Workforce: Innovations and Strategies for Sustainable Growth The Digital Shif: Empowering SMEs in Manufacturing seminar Market Outlook Propelling Malaysia Forward 2024 Penang Series Leadership Project ~ Strategic Entrepreneurs Program
	Webinar	MandatoryAccreditation Programme Part II: Leadingfor Impact (LIP)
Ng Sze Yen	External	Lean Six Sigma (Yellow Belt)
	External	INDUSTRIAL RELATIONS ACT 1967 (AMENDMENT 2020)
	External	AI-Powered HR: Automate Tasks, Boost Productivity
	External	Safety & Health Committee Compliance Auditing and Risk Monitoring
	External	Cleanroom Management / Protocol Technology
	Webinar	MandatoryAccreditation Programme Part I

Annual Report 2025 • 23

...Profile Of Directors

Remuneration

The following are the remuneration breakdown of all directors as at FYE 2025.

Name of Directors	Salaries (RM’000)	Fees (RM’000)	Bonus (RM’000)	Employee Provident Fund and Social Security Organisation (RM’000)	Allowances (RM’000)	Share Grant Scheme Expense (RM’000)	Total (RM’000)
Dato’ Seri NgChai Eng	832	-	-	34	-	-	866
Dato’ Lau Chee Kheong	832	-	-	34	-	-	866
Dato’ Wan Hashim Bin Wan Jusoh	-	72	-	-	6	-	78
Dato’ Seri Lee TeongLi	-	-	-	-	-	-	-
Dato’ F’ngMeow Cheng	-	36	-	-	3	-	39
Jariyah Binti Hashim	-	36			3	-	39
Dr. NgChin Liang	270	-	-	34	19	49	372
NgSze Yen	437	-	-	47	18	108	610

24 • UWC BERHAD (201801012223) (1274239-A)

Profile Of Key Senior Management

Tan Kean Hean

Head of Machining Division

Chong Yee Beng

Senior Manager of Engineering Division

Age : 60 Gender : Male Nationality : Malaysian

Age : 56 Gender : Male Nationality : Malaysian

Qualification

Apprentice Certificate, Lembaga Latihan Perindustrian dan Persijilan Ketukangan Kebangsaan Kementerian Buruh Malaysia

Qualification

Bachelor of Mechanical Engineering, Universiti Teknologi Malaysia

Date first appointed to the Key Senior Management

1 May 2018

Date first appointed to the Key Senior Management

1 May 2018

Working Experience and Occupation

Technician, Loh Kim Teow Engineering Sdn. Bhd. (1986 – 1991)
Sales and Application Engineer, George Cohen (Malaysia) Sdn. Bhd. (1992 – 1997)
Director, Numeric Precision Engineering Sdn. Bhd. (1997 – 2000)
Head of Machining Division, UWC Berhad (2018 – Present)

Working Experience and Occupation

Technical Engineer, Antah Schindler Sdn. Bhd. (1993 – 1995)
Senior Purchasing Engineer, Antah Schindler Sdn. Bhd. (1995 – 2002)
Production Manager, Advance Engineering Manufacturer Sdn. Bhd. (2002 – 2003)
Engineering Manager, UWC Holdings Sdn. Bhd. (2003 – 2018)
Senior Manager of Engineering Division, UWC Berhad (2018 – Present)

Present Appointment

Director of UWC Automation Sdn. Bhd.

Present Appointment

None

Any family relationship with any director and/or major shareholder of UWC None

Any conflict of interests that the person has with UWC None

Annual Report 2025 • 25

...Profile Of Key Senior Management

Khor Kean Seng

Senior Manager of Industrial Engineering and Production Division

Age : 55 Gender : Male Nationality : Malaysian

Qualification

Diploma in Electrical Engineering, Institut Teknologi Butterworth

Date first appointed to the Key Senior Management

1 May 2018

Working Experience and Occupation

Engineer, Penang Seagate Industries (M) Sdn. Bhd. (1992 – 1993)
Supervisor, UWC Holdings Sdn. Bhd. (1993)
Section Head, UWC Holdings Sdn. Bhd. (1993 – 2010)
Factory Manager, UWC Holdings Sdn. Bhd. (2010 – 2018)
Senior Manager of Industrial Engineering and Production Division, UWC Berhad (2018 – Present)

Present Appointment

None

Any family relationship with any director and/or major shareholder of UWC

None

Any conflict of interests that the person has with UWC None

None

26 • UWC BERHAD (201801012223) (1274239-A)

Corporate Governance Overview Statement

The Board of Directors (“the Board”) of UWC Berhad (“UWC” or “the Company”) recognises the importance of sound corporate governance and is committed to uphold the high standard of corporate governance and ethics throughout the Company and its Group of Companies (“the Group”).

This Corporate Governance Overview Statement (“Statement”) is presented pursuant to Paragraph 15.25(1) of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”) and the resolution and approval of the Board.

The objective of this Statement is to provide an overview of the application of the corporate governance practices of the Group during the financial year ended 31 July 2025 (“FYE 2025”). In accordance with Malaysian Code on Corporate Governance (“MCCG”) issued by the Securities Commission Malaysia (“SC”), the main principles governing these governance practices are namely Board Leadership and Effectiveness; Effective Audit and Risk Management; and Integrity in Corporate Reporting and Meaningful Relationship with Stakeholders.

Separately, the Board has also provided specific disclosures on the application of each Practice in its Corporate Governance (“CG”) Report. The stakeholders are advised to read this Statement in conjunction with the CG Report. The CG Report is available on the Company’s website at www.uwcberhad.com.my as well as the Company’s announcement made to Bursa Securities on 26 November 2025 together with the announcement of Annual Report FYE 2025.

Principle A: Board Leadership and Effectiveness

I. Board Responsibilities

The Board is entrusted to overseeing the overall management of the business affairs of the Group; determining all major policies; ensuring effective strategies and management are in place; assessing the performance of the Group and its management team; and reviewing the systems of risk management and internal control of the Group.

When implementing the business plan, the Executive Directors are responsible for executing corporate decisions made by the Board while the Non-Executive Directors scrutinise the management performance by providing independent views and advice in the interests of the shareholders at large.

In order to ensure that its obligations to its shareholders and other stakeholders are understood, the Board has defined and collectively review and approved its roles and responsibilities as well as its schedule of reserved matters in its Board Charter.

The Board will periodically review and track the management performance through its review of the interim financial results of the Group. The Board is kept abreast of the latest updates of the Company in the quarterly Board Meeting.

The Group has in place the Anti-Bribery and Anti-Corruption Policy in keeping with the commitment set forth to prevent and detect bribery and corruption. This Policy in prepared in accordance with the Malaysian Anti-Corruption Commission Act 2009 and Malaysian Anti-Corruption Commission (Amendment) Act 2018.

In addition, the Group has also adopted Whistle Blowing Policy. The objective of this Whistle Blowing Policy is to create open work environment practice within the Group. The Code of Conduct serve as a tool for the Board to convey and instil its values into the organisation. During the financial year, the Board has reviewed and approved the revised Code of Conduct to ensure they are implemented effectively and kept compliance with the changes in regulatory requirements.

In putting the Diversity Policy into action, the Board, through Nomination Committee, will conduct all prospective Board appointment processes in a manner that promotes diversity on. Candidates will be identified and shortlisted based on meritocracy focusing on variety of factors, including, among others, professional experiences, business experiences, skills, expertise and academic grounding whilst taking into consideration diversity of gender, age and ethnicity.

The Board has also introduced the Fit and Proper Policy for Directors which defines the criteria in the evaluation of directors before their appointment and/or re-election to the Board.

The Board adopted Conflict of Interest (“COI”) Policy applicable to all Directors and Key Senior Management of the Group. This COI Policy provides guidance to identify and manage any circumstances that might give rise to COI situation. No change to the Terms of Reference of Risk Management Committee following a review.

The Board Charter, Code of Conduct, Whistle Blowing Policy, Anti-Bribery and Anti-Corruption Policy, Diversity Policy, the Fit and Proper Policy for Directors, COI Policy as well as the Terms of Reference of the Board Committees are published onto the corporate website at www.uwcberhad.com.my. The Board Committees referred to the Audit Committee, Risk Management Committee, Nomination Committee and Remuneration Committee.

Annual Report 2025 • 27

...Corporate Governance Overview Statement

Principle A: Board Leadership and Effectiveness (cont'd)

I. Board Responsibilities (cont'd)

The Board Chairman instils good governance practices, leadership and effectiveness in the Board through chairing of board and shareholders meetings and deliberating together with the Board members on board matters and policies. The position of Board Chairman and Group Chief Executive Officer (“CEO”) are held by different individuals. The role of the Board Chairman is to ensure the effective functioning of the Board while the key roles of the Group CEO is to lead and manage the Group’s operations and business activities as well as execute the decisions made by the Board.

The Board is assisted by the qualified and competent Chartered Secretaries who are qualified in accordance with the requirements of the Companies Act 2016 and equipped with relevant experience and competence on statutory and regulatory requirements. The Company Secretaries assist the Board in discharging its duties in regard to compliance with regulatory requirements, guidelines, legislations and the principles of best corporate governance practices.

Board papers were circulated to the Board members at least seven (7) days in advance of each Board meetings in order to provide the Board members with information beforehand so that they can deliberate issues more effectively during the Board meetings. During the board meeting, Executive Directors and Management were also invited to attend the Board meetings to provide explanations to the Board on the agenda discussed.

The Board also has access to all information and assistance necessary for the discharge of its responsibilities. Subject to Board’s approval, all Board members could seek independent professional advice in discharging their responsibilities, at the expense of the Group.

The underlying factors of Directors’ commitment to the Group are devotion of time and continuous improvement of knowledge and skill sets. During the financial year, six (6) Board meetings were held. These meetings were attended by all members of the Board.

The Board is responsible for the overall direction on the sustainability efforts and initiatives of the Group. The roles and responsibilities of the sustainability governance bodies are disclosed in Sustainability Report of this Annual Report. In order to discharge their duties effectively as Director, the Board attended appropriate seminars, trainings, or workshops during the year to continuously enhance their knowledge and stay abreast of latest developments relating to sustainability matters. In line with Practice 4.5 of the MCCG, the Board has appointed Dr. Ng Chin Liang, the Deputy Group CEO to lead the sustainability initiatives of the Group.

The Board is updated regularly by the Company Secretaries and management on the training programme available by regulators and professional bodies. The present Board members have attended the following trainings:

Name of Directors	Mode of Training	Title
Dato’ Wan Hashim Bin	Webinar	Briefingon Greenhouse Gas (GHG) Inventoryand Reporting
Wan Jusoh	Physical	Anti-Corruption Trainingfor Directors
	Physical	Amendments to ListingRequirements
Dato’ Seri Ng Chai Eng	Webinar	Driving Export Competitiveness: A Sustainability Perspective from Malaysia and Singapore
	Webinar	HSBC Global Private Banking2025 Mid-Year Investment Outlook
Dato’ Lau Chee Kheong	Webinar	MandatoryAccreditation Programme Part II: Leadingfor Impact (LIP)
	Training	2025 Alibaba AI StudyTour
	External	Asia-Pacific Business Forum 2025
Dato’ Seri Lee Teong Li	Physical	SafetyMeasure in Major Hazard Industries - (CIMAH)
	Physical	Malaysia Technical Standards Forum (MTSFB) - Smart Manufacturing
	Physical	StrengtheningIndustrial ProductivityThrough Talent
	Physical	Regional Comprehensive Economic Partnership (RCEP) Revolution, Maximise Your Trade Potential
	Physical	Green Technology& EnergyEficiency(EECA Act)

28 • UWC BERHAD (201801012223) (1274239-A)

...Corporate Governance Overview Statement

Principle A: Board Leadership and Effectiveness (cont'd)

I. Board Responsibilities (cont'd)

Name of Directors	Mode of Training	Title
Dato’ F’ng Meow Cheng	Webinar	MIA Webinar Series: Tax and Law Relating to Property Transaction, Capital Gains Tax, Estates and Trusts
	Webinar	MIA Webinar Series: Practical Implementation of e-Invoicing in Malaysia - Concepts & Challenges
	Webinar	SSM X BNM: Roles and Responsibilities of Company Secretaries as Compliance Oficers Under AMLA 2001
	Webinar	MIA Webinar Series: Accounting for Financial Instruments in Accordance with MPERS (CoveringSection 11, 12 & 22)
	Webinar	Case Study-Based MFRS Webinar: MFRS 18 – Presentation and Disclosure in Financial Statements
Jariyah Binti Hashim	Webinar	MandatoryAccreditation Programme Part II: Leadingfor Impact (LIP)
	Webinar	Understanding IFRS S1 and S2: Climate and Sustainable Reporting Simplified byCA Swati Gupta
Dr. Ng Chin Liang	Physical	Empowering the Malaysian Workforce: Innovations and Strategies for Sustainable Growth
	Webinar	The Digital Shif: EmpoweringSMEs in Manufacturingseminar
	Physical	Market Outlook PropellingMalaysia Forward 2024 PenangSeries
	Physical	LeadershipProject ~ Strategic Entrepreneurs Program
	Webinar	MandatoryAccreditation Programme Part II: Leadingfor Impact (LIP)
Ng Sze Yen	External	Lean Six Sigma (Yellow Belt)
	External	INDUSTRIAL RELATIONS ACT 1967 (AMENDMENT 2020)
	External	AI-Powered HR: Automate Tasks, Boost Productivity
	External	Safety& Health Committee Compliance Auditingand Risk Monitoring
	External	Cleanroom Management / Protocol Technology
	Webinar	MandatoryAccreditation Programme Part I

II. Board Composition

Presently, the majority of the board members are Independent Non-Executive Directors. This composition is on par with Paragraph 15.02 of the MMLR as well as the practice required for Large Company under the MCCG. Descriptions of the background of each director are presented in the respective Profile of Directors in this Annual Report.

The Nomination Committee (“NC”) reviewed the independence of the Independent Directors annually based on the requirements and definition of “independent director” as set out in the MMLR, the confirmation of independence declared by Independent Directors as well as their objectivity in carrying out their duties and responsibilities objectively.

The appointment of Board and key senior management are based on objective criteria, merit and with due regards for diversity in skills, experience, age, cultural background and gender. The current diversity in age distribution, gender and skillsets of the existing Board are shown in Practice 5.5 of the MCCG in the CG Report.

When identifying candidates for appointment as director, the NC would consider recommendations from existing board members, management, major shareholders and third-party sources, thereafter shortlist candidates for the Board’s further deliberation.

The Board evaluates candidates for directorship based on their skills, knowledge, professionalism, character and experience in line with the needs of the Group.

On 19 December 2024, the NC has considered the nomination for appointment of Madam Ng Sze Yen (“Madam Ng”) for appointment as an alternate director to Dato’ Lau Chee Kheong and Deputy Group Chief Operations Officer (“COO”). The NC has assessed the suitability of Madam Ng based on her qualification and contributions to the Gorup and opined that Madam Ng was a suitable candidate aligning with the Group’s succession planning strategy, given her extensive management experience and invaluable in-depth technical knowledge in engineering, both have been instrumental in driving value creation for the Group. Accordingly, the NC had recommended the appointment of Madam Ng as Alternate Director and Deputy Group COO to Dato’ Lau Chee Kheong for Board’s consideration and approval.

Annual Report 2025 • 29

...Corporate Governance Overview Statement

Principle A: Board Leadership and Effectiveness (cont'd)

II. Board Composition (cont'd)

During the year, the NC has also reviewed and assessed the suitability, qualifications, experience and independence of Dato’ Seri Lee Teong Li (“Dato’ Seri Lee”) for appointment as an Independent Non-Executive Director. Based on the satisfactory outcome of the said nomination evaluation, the NC resolved to recommend the appointment of Dato’ Seri Lee as an Independent Non-Executive Director to the Board.

The Board has adopted a Fit and Proper Policy for Directors. The purpose of this Policy is to define the criteria (i.e. character, experience, integrity, competence and time commitment to effectively discharge his/her role) in the evaluation of directors before their appointment and re-election to the Board.

The board is committed to workplace diversity and recognizes the benefits arising from employee and board diversity. UWC has in place a Diversity Policy for the Board and its workforce as the Board is of the collective opinion that the Diversity Policy is a formalisation of the Group’s commitment to gender diversity at board level and across the Group.

The INEDs, Dato’ F’ng Meow Cheng and Jariyah Binti Hashim are female Directors which represents 33% female representation on Board. Their presence is in line with Practice 5.9 of the MCCG, as well as MMLR which mandates presence of at least one (1) female Director on board. The Board views the incorporation of gender diversity in the boardroom as a long-term goal, and is committed to provide equal opportunities and nurturing diversity within the Group.

An annual assessment of the Board is undertaken following the completion of the financial year. The evaluation is carried out by way of questionnaires distributed to all Directors. The questionnaires cover the composition, role, procedures and practices of the Board as a whole, as well as the self-assessments of each individual Director’s performance. In the assessments, the NC took into consideration, among others but not limited to, the character, experience, integrity, personality, competence and contribution of each Director. All responses are treated with strict confidentiality and submitted to the Company Secretary for summarization for consideration by the NC and subsequent report back to the Board.

On 10 September 2025, the Company Secretaries tabled the results of the annual evaluations performed by the directors for the financial year 2025 to the NC, which cover the following areas:

i. Review of the current Board’s structure, size and composition; ii. Assess the effectiveness of the Board as a whole and Board’s Committee as well as the contribution of each individual Director;
iii. Evaluation of the Board’s effectiveness in addressing Environmental, Social and Governance (“ESG”) considerations and sustainability targets;
iv. Review the required mix of skills and experience and other qualities, including core competences of the members of the Board,
v. Evaluation on the level of Independency of the Independence Directors,
vi. Review of the training and professional development attended by the Directors; and vii. Review and recommendation on the re-election of retiring Directors.

The NC noted satisfactory results from the above evaluations and reported to the Board accordingly.

The NC had conducted an annual review over the performance of the Audit Committee and its members, the NC was of the view that Audit Committee and its members have carried out their duties in accordance with the terms of reference of the Audit Committee. At the same time, the executive Board members, in reviewing the reports from the Audit Committee, affirmed that Audit Committee and its members have carried out their duties in accordance with the terms of reference of the Audit Committee.

III. Remuneration

Broadly, the remuneration policy of the Board requires that the remuneration of the Non-Executive Directors to be determined in accordance with their experience and the level of responsibilities assumed in the Board Committees, their attendance and special skills and expertise they bring to the Board whilst the remuneration of the Executive Directors will be based on the individual’s and Group’s performance, the market conditions trends and industry practice.

The Board has established its Remuneration Committee comprising wholly Independent Non-Executive Directors. The terms of reference of the Remuneration Committee are posted onto corporate website.

The Remuneration Committee which consists wholly of Non-Executive Directors recommends the remuneration for the Executive Directors. The determination of the remuneration of the Non-Executive Directors is a matter for the Board as a whole. Individual Director abstains from deliberations and voting on the decision in respect of their own remuneration.

30 • UWC BERHAD (201801012223) (1274239-A)

...Corporate Governance Overview Statement

Principle A: Board Leadership and Effectiveness (cont'd)

III. Remuneration (cont'd)

The Remuneration Committee met three (3) times during the financial year.

Pursuant to Section 230(1) of the Companies Act 2016, the fees of the directors and any benefits payable to the directors of a listed company and its subsidiaries shall be approved at a general meeting.

The detailed disclosure of the Directors’ remunerations is reported in Practice 8.1 of the MCCG in the CG Report. Nevertheless, details of the remuneration of the Senior Management are not disclosed on a named basis as the Board is of the view that such disclosure may expose our key senior management to unwarranted attention. The Board also believes that nondisclosure of the remuneration information on top five (5) senior management (who are not Board members) will not affect the interest of its shareholders.

However, the Board would endeavour to ensure that the remuneration of the top five (5) senior management commensurate with their duties and responsibilities and aligned to market pay-outs.

Principle B: Effective Audit and Risk Management

I. Audit Committee

The members of Audit Committee (“AC”) comprising fully Independent Non-Executive Directors. The Chairman of the Committee is not the Chairman of the Board. Members of the AC are financially literate, with diverse background, experiences and knowledge in accountancy, business management, commercial and corporate laws as well as national investment policies and administration.

None of the members of the AC are former audit partners of the current External Auditors of the Group. The AC is mindful of the minimum three (3) years cooling off period best practice under the MCCG when considering the appointment of former key audit partner from its current External Auditors.

The present External Auditors have been appointed since financial year 2011. Nonetheless, the External Auditor’ practises a seven (7) year engagement partner rotation policy.

Before the commencement of the current financial year audit, the AC has reviewed and deliberated with the External Auditors on their audit planning memorandum, covering the audit risk areas, approach, emphasis and timeline.

The External Auditors confirmed that independence check and confirmation procedures are carried out in the firm and there is no conflict of interest for rendering their non-audit services to UWC presently.

II. Risk Management and Internal Control

The Board acknowledges its overall responsibility for maintaining a sound internal control system for the Group identifying and reviewing risks; and ensuring the implementation of appropriate systems to manage risks. While the Board has delegated its oversight role in risk management and the system of internal controls to the Risk Committees, the Board understands the principal risks of the business that the Group is engaged in.

The risk management processes in identifying, evaluating, managing and documenting key risks in UWC are embedded in the operation and business processes in accordance with the ISO Environment and Quality Management System. These processes are performed by respective Heads of Department and reported to the Executive Directors cum Group CEO and COO. During the year, the management has reported to the Risk Management Committees of the status of its key risks.

The detailed features of the Group’s risk management and internal control framework are disclosed under Statement of Risk Management and Internal Control (“SORMIC”) of this Annual Report.

The Internal Auditors will review the systems of internal control of the Group based on the audit plan approved by the AC. The Internal Auditors will then report their findings, their suggestions for improvement and the management responses to the AC. The progress of the implementation of recommended actions are being monitored through follow up reviews by the Internal Auditors. The AC will then report to the Board on the progress and findings of the internal audit function.

Annual Report 2025 • 31

...Corporate Governance Overview Statement

Principle B: Effective Audit and Risk Management (cont'd)

II. Risk Management and Internal Control (cont'd)

During the financial year 2025, the Board has outsourced its internal audit function to KPMG Management & Risk Consulting Sdn. Bhd. (“KPMG MRC”), an independent professional firm which reports directly to the AC. The AC has approved the Internal Audit Plan, which outlines the scopes of internal audit for the whole financial year. Subsequently, the internal audit findings and recommendations for improvement, including action plans agreed with operation level management, were reported to the AC on 17 June 2025.

The AC also reviews and approves the Internal Audit Engagement and fees to ensure the independence and objectivity of the Internal Auditors.

Further details of the Internal Audit function are set out in the AC Report section of this Annual Report.

Principle C: Integrity in Corporate Reporting and Meaningful Relationship with Stakeholders

I. Communication with Stakeholders

Information about the Group’s business and corporate developments is disseminated through the Company’s annual reports, various disclosures to Bursa Securities including quarterly financial results, changes in composition of the Board, changes in shareholdings and others announcements in accordance with the MMLR of Bursa Securities were made from time to time.

In addition, the Group maintains a website at www.uwcberhad.com.my where shareholders or investors may access information of the Group encompassing corporate information, latest financial results, annual reports, announcements to Bursa Securities, Board Charter, other Board policies and Board Committees’ terms of reference.

II. Conduct of General Meetings

The Board will ensure that the Notice of the Annual General Meeting (“AGM”) is sent to shareholders at least twenty-eight (28) days ahead of the date of general meeting in order to provide sufficient time and opportunity to shareholders to prepare for the discussion in general meetings. The Board Chairman, Chairmen of the respective Board Committees as well as other Board members will be present at the general meetings to respond to shareholders’ queries.

The notice of seventh (7^th ) AGM was despatched to the shareholders on 30 November 2024, which is at least 28 days prior to the meeting held on 6 January 2025. In addition to sending notices, the Company also advertised in a major local news media (The Star) as well as the Company’s corporate website.

Likewise, the forthcoming eighth (8^th ) AGM will be conducted on 9 January 2026 and the Company shall provide the Notice of AGM to the shareholders at least 28 days prior to it. Shareholders who are unable to attend the AGM are advised to appoint proxies to attend and vote on their behalf by completing the proxy form enclosed in the Annual Report and depositing it at the Registered Office at least forty-eight (48) hours before the time for holding the meeting or any adjournment thereof.

All resolutions set out in the Notice of AGM will be put to vote by poll. The Company will also appoint independent scrutineer to validate the vote cast at the general meeting in accordance with the requirements of Paragraph 8.29A of the MMLR of Bursa Securities. The outcome of the AGM will be announced to Bursa Securities on the same meeting day.

Before resorting to the use of technology voting system, the Board will observe the number of shareholders turn-up in the next few general meetings and evaluate the cost and benefit of the electronic and technology voting system options for managing voting by large group of shareholders.

Members of the Board and Board Committees, the management, Company Secretaries and external auditors were present during the 7^th AGM held on 6 January 2025 to address any areas of interest or concerns brought up by the shareholders. During the general meeting, the Board addressed all questions posed by shareholders. The Board also presented the response to the queries raised by Minority Shareholders Watch Group (“MSWG”) prior to AGM.

The minutes of the 7^th AGM detailing the meeting proceedings, outcome of the voting results as well as the response to the MSWG were published on the Company’s corporate website in a timely manner.

The Board has deliberated, reviewed and approved this Statement in line with the principles of the MCCG. The Board is satisfied that the Company has fulfilled its obligation under the Code, MCCG, Bursa Securities and all applicable laws and regulations throughout the FYE 2025.

This Statement is made in accordance with a resolution of the Board on 26 November 2025.

32 • UWC BERHAD (201801012223) (1274239-A)

AI assistant

UWC BERHAD — Annual Report 2025

71821_rns_2025-11-27_e94fd105-42fe-45c7-b010-7fc1584c96af.pdf

Table of CONTENTS

VISION

MISSION

CORE VALUES

ANNUAL 8th GENERAL MEETING

Innovation In Motion, Evolving In Excellence

BOARD OF DIRECTORS

Dato’ F’ng Meow Cheng

Jariyah Binti Hashim

Dr. Ng Chin Liang

Dato’ Seri Lee Teong Li

Ng Sze Yen

AUDIT COMMITTEE

REMUNERATION COMMITTEE

NOMINATION COMMITTEE

Chairman

Chairman

Chairman

Member

Member

Member

RISK MANAGEMENT COMMITTEE

COMPANY SECRETARY

REGISTERED OFFICE

Chairman

Member

HEAD OFFICE/ PRINCIPAL PLACE OF BUSINESS

AUDITORS

PRINCIPAL BANKER

SHARE REGISTRAR

STOCK EXCHANGE LISTING

Media Highlights

Financial Highlights

Dear valued shareholders,

FINANCIAL PERFORMANCE HIGHLIGHT

...Chairman’s Statement

ECONOMIC OUTLOOK AND INDUSTRY PROSPECTS

BUILDING A SUSTAINABLE FUTURE

APPRECIATION

MOVING FORWARD

DATO' WAN HASHIM BIN WAN JUSOH

Review of 2025

Key Milestones

...Management Discussion & Analysis

BUSINESS OVERVIEW

FINANCIAL REVIEW

REVIEW OF OPERATING ACTIVITIES

TECHNOLOGY

SALES AND MARKETING

...Management Discussion & Analysis

SALES AND MARKETING (cont'd)

CHALLENGES AND STRATEGY

CONSTANTLY IDENTIFYING AND DEPLOYING LATEST TECHNOLOGIES

CUSTOMER PERFORMANCE

...Management Discussion & Analysis

CHALLENGES AND STRATEGY (cont'd)

HUMAN CAPITAL

FORWARD LOOKING STATEMENT

CONCLUSION

2. Dato’ F’ng Meow Cheng

3. Dato’ Lau Chee Kheong Executive Director/Group COO

4. Dato’ Wan Hashim Bin Wan Jusoh

6. Dr. Ng Chin Liang

7. Dato’ Seri Lee Teong Li Independent Non-Executive Director

8. Jariyah Binti Hashim Independent Non-Executive Director

DATO’ WAN HASHIM BIN WAN JUSOH

Qualification

Present Appointment

Date first appointed to the Board

Membership of Board Committee

Any family relationship with any director and/or major shareholder of UWC None

Working Experience and Occupation

Number of board meetings attended in the financial year

Qualification

Present Appointment

Date first appointed to the Board

Membership of Board Committee

UWC BERHAD Annual Report 2025

ANNUAL 8^th GENERAL MEETING