Solarvest was co-founded by Lim Chin Siu, Tan Chyi Boon, and Tan Paw Boon in 2012 as a provider of PV solutions. The company is among the first batch of grid-tied solar power installation providers that obtained certification from the Sustainable Energy Development Authority, Institute for Sustainable Power Quality and Grid-Connected Solar Photovoltaic in Malaysia. In 2013, we secured our first EPCC turnkey contract for an industrial building. A year later, we built our own solar PV plant in Pokok Sena, Kedah with a capacity of 1 megawatt peak (MWp). In 2017, the Group was awarded its first large-scale solar PV (LSSPV) project and commissioned Malaysia's first Large Scale Floating Solar PV Plant in 2020. Solarvest was successfully listed on the ACE Market of Bursa Malaysia in 2019. One year later, we secured our maiden project in the Philippines and ventured into Taiwan via the acquisition of a 51% stake in Tailai Energy Co. Ltd., which were the Group's first ventures beyond Malaysia. In 2021 , we completed our transfer to the Main Market of Bursa Malaysia.

The company recent financial performance. The first quarter ended 30 June 2021 (IQFY22) and second quarter ended 30 September 2021 (2QFY22) were not normal quarters for us. Like most companies in the country, we were impacted by the Full Movement Control Order (FMCO). Operation halts between May and August had caused revenue recognition to slow down. For 2QFY22, net profit shrunk by 75% year-on-year to RMI.O million as revenue declined by 51.4% year-on-year to RM30.2 million due to slower construction progress. On a quarter-on-quarter basis, net profit rose from RM0.2 million in IQFY2022 to RMI .0 million this