Malakoff Corporation Berhad ("Malakoff" or the "Company") wishes to announce that a safety incident had occurred at one of the five coal unloaders of Tanjung Bin Complex Jetty in Johor while scheduled maintenance work was being carried out at the said coal unloader (“CUL 20”) by a contractor on 13 December 2025.

The plant’s Emergency Response Team and Jabatan Bomba dan Penyelamat Malaysia responded to the incident swiftly and carried out rescue operations immediately. Despite all the rescue efforts, the incident regrettably resulted in 2 fatalities and 3 injuries (one of whom had since been discharged and allowed to return home while the remaining two are still being hospitalized), all of whom were the contractor’s personnel.

The plant had promptly reported the incident to the Department of Occupational Safety and Health (“DOSH”) and other relevant regulatory authorities. The affected area of the jetty had been secured as a precautionary measure and DOSH had issued a notice of prohibition against the said CUL 20 and its adjacent grab unloader (“GUL 10”), and the same will be lifted upon completion of necessary remedial actions to be instructed by DOSH.

In addition to conducting its own internal investigations, the Company has been co-operating fully and working closely with DOSH in its ongoing investigations to determine the root cause of the incident.

Meanwhile, operations at the Tanjung Bin Power Plant and the Tanjung Bin Energy Power Plant, both located within Tanjung Bin Complex, continue as normal and remain unaffected.

The Company reiterates that occupational safety and integrity of the Company’s operations remain its highest priority and it is committed to strict compliance of all applicable safety measures at all times.

The Company will provide further updates as and when there are any material developments.
 

This announcement is dated 16 December 2025.