(Incorporated in the Cayman Islands)

Our Operating Subsidiary, Lotus Power Corporation (M) Sdn. Bhd., was incorporated in Malaysia on August 24, 1985. Lotus Power Corp. is principally engaged in the supply of electrical distribution equipment and provides integrated supply, completion, testing and commissioning for electrical distribution equipment to customers across Malaysia. We supply transformers, switchgear and related electrical equipment manufactured by third-party original equipment manufacturers to the buildings and infrastructure, utilities, industrial, railways and substations, renewable energy, mining, marine and offshore, and data centre sectors.

With over 40 years of experience in the business of reselling transformers, switchgear and related electrical equipment, we have established a strong track record of supporting complex projects within these sectors across East and West Malaysia.

Our core product offerings include medium voltage switchgears, medium voltage transformers, extra high voltage switchgears, power transformers, and low voltage distribution feeder pillars. We provide systematic project support, including supplying equipment in accordance with customer specifications, coordinating procurement with approved manufacturers, conducting technical compliance reviews, facilitating factory acceptance testing with customers, and arranging delivery to project sites. Where required, we also coordinate installation support, testing and commissioning services in collaboration with manufacturers and third-party contractors.

Note: Net income and revenue are in U.S. dollars for the fiscal year that ended on June 30, 2026.

(Note: LPC Ltd. filed its F-1 for its IPO on Oct. 2, 2026, and disclosed the terms: 3.75 million shares at a price range of $4.00 to $6.00 to raise $18.75 million, if priced at the $5.00 mid-point of its range.)