KUALA LUMPUR, Malaysia, June 20, 2025 (GLOBE NEWSWIRE) -- Founder Group Limited (NASDAQ: FGL) (“Founder Group” or the “Company”), a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, assures investors that the Company will not be impacted by a U.S. Senate panel’s proposed wind down of solar power tax credits by 2028. “Founder Group operates primarily in Malaysia and doesn’t have operations in the U.S. Therefore, the Compan ...

吉隆坡，马来西亚, June 20, 2025 (GLOBE NEWSWIRE) -- Founder Group Limited（NASDAQ：FGL，下称“Founder Group”或“公司”）是马来西亚领先的太阳能光伏系统工程设计、采购、建设和调试 (EPCC) 解决方案提供商。公司向投资者保证，公司不会受到美国参议院小组提出的在 2028 年前逐步取消太阳能税收抵免的影响。 Founder Group Limited 首席执行官 Lee Seng Chi 表示：“Founder Group 主要在马来西亚运营，在美国没有业务。因此，公司不应受到当前导致美国太阳能股票抛售的市场情绪影响。 虽然我们在纳斯达克上市，与美国太阳能股票同场交易，但我们不会受到这些税收抵免可能取消的影响。” Lee 先生继续说道：“我们的收入主要来自马来西亚市场，因此不受 Donald Trump 总统税收减免和支出法案所提议的变动影响。 在不久的将来，我们的扩张将集中在东南亚地区。 向美国扩张不在我们目前的计划之内。” 关于 Founder Group Limited Founder Group Limited 是一家专注于 ...

马来西亚吉隆坡, June 18, 2025 (GLOBE NEWSWIRE) -- Founder Group Limited (NASDAQ：FGL，下称“Founder Group”或“公司”) 是马来西亚领先的太阳能光伏系统工程设计、采购、建设和调试 (EPCC) 解决方案提供商。该公司欣然宣布与 GCL Systems Integration Technology Co. Ltd. (GCL) 签署谅解备忘录 (MOU)。 双方已同意携手合作，共同探索、发现、评估并承办专注于马来西亚及其他东盟国家可再生能源行业的项目，预计价值高达 2.2 亿美元。 GCL 是一家在深证证券交易所上市交易的公司。 该公司成立于 2003 年，现已发展成为全球领先的一站式智能光伏和储能系统集成商。 GCL 强调技术创新和卓越品质，致力于提供高质量、高效率和差异化的产品。 凭借强大的技术研发实力和卓越的系统解决方案设计能力，经过 20 年的不懈努力，GCL 已在智能光伏和储能解决方案领域占据领先地位。 截至目前，其产品范围涵盖高效电池、光伏组件和储能系统。 此外，GCL 还提供多元化的服务模块，如综合金融服务和智能化运维 ...

"We are proud to announce our collaboration with GCL Systems Integration Technology on future Renewable Energy projects. Leveraging GCL's strong global reputation and expertise in manufacturing and supply of solar PV modules and storage will be an integral part of this cooperation to advance our capabilities to support Malaysia and the surrounding countries' renewable energy goals and promote a greener environment for our customers. Additionally, we anticipate significant revenue opportunities as we work to ...

KUALA LUMPUR, Malaysia, June 11, 2025 (GLOBE NEWSWIRE) -- Founder Group Limited (NASDAQ: FGL) ("Founder Group" or the "Company"), a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic (PV) systems in Malaysia, is pleased to announce that it has secured additional contracts with prominent solar installation companies in Malaysia. This press release contains forward-looking statements that reflect our current expectations and views of future event ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...

Company Overview - Founder Group Limited is a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic (PV) systems in Malaysia [1][7] - The company focuses on large-scale solar projects and commercial and industrial (C&I) solar projects, aiming to promote eco-friendly resources and achieve carbon-neutrality [7] Recent Contract Announcement - The company has secured a contract worth RM11.6 million (approximately US$2.6 million) with a prominent solar installation company in Malaysia [1][2] - Founder Group will be responsible for the design, engineering, procurement, supply, delivery, construction, and commissioning of a rooftop solar PV generating facility [3] Project Details - The construction contract is expected to be completed in 2 years, followed by an Operations and Maintenance agreement that will provide benefits over the next 15 to 21 years [4] - The project is anticipated to be profitable with a double-digit profit margin [4] Industry Context - The Malaysian government has increased its renewable energy targets to achieve 40% (23GW) capacity by 2035, up from the current 27% (12GW) [6] - Solar energy is expected to contribute over 80% of the 11GW growth required by 2035, with the government initiating a new wave of large-scale solar (LSS) projects [6] - The total value of EPCC contracts in the market has risen to RM12.4 billion, up from RM7.4 billion, indicating sustained sector activity through the end of 2027 [6]

Core Insights - Founder Group Limited has secured a contract worth RM11.6 million (approximately US$2.6 million) for a rooftop solar PV generating facility in Malaysia [1][4] - The company will act as a contractor responsible for the design, engineering, procurement, supply, delivery, construction, and commissioning of the facility [3][4] - The partnership is expected to yield a double-digit profit margin and recurring revenue opportunities over the next 15 to 21 years [4][5] Company Overview - Founder Group Limited is a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic (PV) systems in Malaysia [1][7] - The company specializes in large-scale solar projects and commercial and industrial (C&I) solar projects, focusing on innovative solar installation services [7] - It is a major supplier of solar PV mounting structural systems and the sole supplier of ground-mounted tracking systems in Malaysia [2][7] Industry Context - The Malaysian government has increased its renewable energy targets to achieve 40% capacity (23GW) by 2035, up from the current 27% (12GW) [6] - Solar energy is expected to contribute over 80% of the 11GW growth required by 2035, with new large-scale solar initiatives being launched [6] - The total value of EPCC contracts in the market has risen to RM12.4 billion, indicating sustained sector activity through the end of 2027 [6]

Core Viewpoint - Founder Group Limited has secured a Letter of Award worth RM20 million (approximately US$4.5 million) for the construction of a floating solar farm in Kuala Langat, Selangor, Malaysia [1]. Group 1: Project Details - The floating solar farm project spans approximately 24 acres and is designed to generate 9.99MWac/15.033625MWp of solar power [2]. - The project utilizes floating photovoltaic (FPV) technology, which reduces land usage while maximizing energy generation, contributing to land conservation and natural habitat preservation [2]. - The completion date for the floating solar farm is expected by June 30, 2025 [3]. Group 2: Company Role and Commitment - Founder Group will act as a sub-contractor, responsible for supplying labor, hand tools, materials, and necessary machinery and equipment for the project [3]. - The CEO of Founder Group expressed pride in being selected as a key subcontractor and emphasized the company's commitment to supporting Malaysia's renewable energy goals and promoting sustainability [4]. Group 3: Company Overview - Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia, focusing on large-scale solar projects and commercial and industrial solar projects [5]. - The company's mission includes providing innovative solar installation services, promoting eco-friendly resources, and achieving carbon neutrality [5].

Core Viewpoint - Founder Group Limited (FGL) has announced a partnership with VC AI Limited to enhance the development of artificial intelligence solutions for the solar energy sector, particularly focusing on Unmanned Aerial Vehicles (UAVs) for solar panel maintenance and operations [1] Company Overview - Founder Group Limited specializes in Engineering, Procurement, Construction, and Commissioning (EPCC) services for solar energy projects [1] - VC AI Limited focuses on providing AI solutions, including hardware and software for large language models (LLMs) [1] Market Insights - The global market for UAVs in solar energy maintenance is projected to grow significantly, with estimates reaching $180 billion by 2024, up from $50 billion in 2023, and expected to hit $800 billion by 2030 [1] - The compound annual growth rate (CAGR) for the UAV market from 2024 to 2032 is forecasted at 16.5% [1] - The market for solar energy operations and maintenance (O&M) is expected to reach $16.4 billion by 2034, with a CAGR of 10.1% from 2024 to 2034 [1]