UNITY GROUP HOLDINGS (01539) announced that on April 30, 2026, with the company's support, its non-wholly-owned Malaysian operating subsidiary, Synergy ESCO (Malaysia) Sdn Bhd, entered into a strategic national energy performance contract with Mydin Mohamed Holdings Berhad (MYDIN). MYDIN is one of Malaysia's largest local retail chains with an extensive nationwide network.
The initiative will be implemented under an Energy Service Company (ESCO) model to ensure measurable and sustainable energy savings throughout the project period. Under the agreement, approximately 210,000 lighting units across 21 MYDIN malls will be upgraded and replaced with ultra-high-efficiency ESG lighting solutions. The project will be executed in phases to minimize impact on retail operations and business continuity.
This large-scale energy retrofit is expected to deliver significant operational, financial, and environmental benefits, including: ● Total electricity cost savings of approximately RM138 million over ten years (equivalent to approximately HK$276 million based on an exchange rate of RM1 to HK$1.9967); ● A reduction in lighting energy consumption of up to 78%; ● Estimated monthly energy savings of 1,648,635 kilowatt-hours (kWh); and ● Total energy savings of approximately 197,836,166 kWh over ten years.
The initiative represents a substantial contribution to reducing carbon emissions and enhancing ESG performance, including: ● Monthly reduction of approximately 1,276 tons of carbon dioxide (CO₂) emissions; ● Reduction of approximately 153,125 tons of CO₂ emissions over ten years; and ● An environmental impact equivalent to protecting about 3.8 million trees over a decade.
Beyond direct operational benefits, the project further supports Malaysia's broader sustainability agenda, particularly in accelerating Scope 2 emission reduction initiatives and promoting the adoption of energy-efficient infrastructure in the commercial retail sector.
Strategically, this project marks a significant milestone for the company and Synergy ESCO in expanding the implementation of large-scale, Synergy ESCO-driven solutions within the Malaysian retail market. Furthermore, it validates the commercial viability, scalability, and measurable impact of integrated energy performance solutions in high-traffic commercial environments.
The company and Synergy ESCO remain committed to delivering high-impact, integrated energy solutions designed to help organizations optimize operational costs, enhance asset performance, and accelerate their transition to sustainability by creating measurable, long-term value.