The Board of Directors of Inari Amertron Berhad ("the Company") wishes to announce that a fire incident occurred at approximately 2:30p.m. on 10 May 2026 at the Company's wholly-owned subsidiary, Amertron Incorporated in Philippines ("AIP"), affecting part of the manufacturing facility within plant CK1 located in Clark Philippines ("Affected Facility").
The Fire and Rescue Authority Department attended to the incident and the fire was successfully contained at approximately 3:40p.m. The cause of the fire is preliminarily suspected to have originated from a wiring short circuit in the ceiling area of the Affected Facility. No fatalities nor injuries have been reported.
The fire affected part of the production floor, including certain machinery, inventories and supporting facilities. The extent of the damage and the cause of the incident are currently being assessed by the relevant authorities and the Company's insurers.
The Affected Facility is approximately 12,500 square feet, representing 10% of the total manufacturing space of 125,000 square feet at CK1. Operations at the Affected Facility have been suspended pending safety inspections and clean-up works. Operations in the non-affected areas of CK1 are temporarily suspended due to power shutdown mandated by the Fire and Rescue Authority Department and are expected to resume upon approval and installation of dedicated power lines. Meanwhile, the other plant of AIP, namely CK2 which has a manufacturing space of 83,000 square feet, is not affected and continues to operate as usual. AIP is currently evaluating alternative production arrangements to minimise disruption to customer deliveries.
At this juncture, the financial impact arising from the incident cannot be reliably estimated until the assessment has been completed, but the loss is not expected to be more than USD5 million.
The Company will make further announcements as and when there are material developments.
This announcement is dated 12 May 2026.