1. Introduction
The Board of Directors of the Company is pleased to announce that its wholly-owned subsidiary, AIMFLEX SYSTEMS SDN. BHD. has secured a new order worth approximately RM1.0 million for automated test machine on 25 August 2021.
The new secured order is from a new customer who is involved in the electronic components for the automotive industry.
2. Secured order period
The secured order is expected to be fulfilled in the financial year ending 31 December 2021.
3. Nature of the secured order
The secured order is in the ordinary course of business of AIMFLEX and is in the best interest of AIMFLEX.
4. Financial effects
The secured order is expected to contribute positively to earnings of the Company for the financial year ending 31 December 2021.
The secured order is not expected to have any material effect on the net assets per share of the Company for the financial year ending 31 December 2021.
The secured order will not have any effect on the share capital and shareholding structure of the Company.
5. Risk Factors
Risk factors affecting the secured order include but are not limited to execution risks such as availability of skilled manpower and material, changes in the price of materials and changes in economic, business and political conditions. AIMFLEX will undertake all necessary efforts to mitigate the various risk factors identified.
6. Directors’ and Major Shareholders’ Interest
None of the Directors or major shareholders has any direct or indirect interest in the above secured order.
This announcement is dated 25 August 2021.