en.Wedoany.com Reported - Annica Holdings Limited has announced a strategic transformation, planning to expand from its traditional investment holding and engineering services businesses into emerging sustainable development sectors such as renewable energy, green technology, and recycling. In a recent announcement to the Singapore Exchange (SGX), the company stated that this move aims to strengthen long-term growth prospects and expand its footprint in emerging industries.

Annica's core business has long focused on power generation, engineering services, and trading of oil and gas equipment in markets such as Singapore, Malaysia, Indonesia, and Vietnam. The company plans to capitalize on opportunities arising from the global shift toward cleaner and more sustainable technologies through a diversified business portfolio. Management believes that entering these new fields will create additional revenue streams while reducing reliance on traditional industries.

As part of the transformation, Annica has introduced employee share incentive plans, including the Annica Performance Share Plan and the Annica Employee Share Option Scheme. These plans have received in-principle approval from the board of SGX Catalist for the issuance of new shares. Under the proposed framework, the total number of shares granted through these plans will not exceed 15% of the company's issued share capital. The company stated that these equity incentive plans will help attract skilled professionals, retain key employees, and motivate the management team during the transition period.

Alongside strategic progress, Annica reported operational advancements in its subsidiaries. The group's semiconductor business unit, ESA Electronics, achieved a 35% revenue increase and recorded higher after-tax profits, primarily driven by demand for its proprietary automated optical inspection equipment. This growth helped offset the impact of weak global demand for personal computer components. Meanwhile, the company's energy infrastructure division, operated through China Environmental Energy Protection Investment, is expanding its natural gas distribution network to supply newly established industrial parks, creating opportunities for future earnings growth.

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