1. Introduction

The Board of Directors of the Company is pleased to announce that Aemulus Corporation Sdn. Bhd. (“ACSB”), a wholly-owned subsidiary of the Company had on 24 September 2021, secured new orders with a cumulative amount of approximately RM4.5 million from a customer in Malaysia for the delivery of test systems for the enterprise storage market.

The revenue from the said orders shall be recognised progressively upon delivery of the test systems in year 2021 and 2022.

2. Financial effects

The secured orders are expected to contribute positively to earnings of the Company for the financial year ending 30 September 2021 and 2022.

The secured orders are not expected to have any material effect on the net assets per share of the Company for the financial year ending 30 September 2021. The secured orders will not have any effect on the share capital and shareholding structure of Aemulus.

3. Risks

The potential risk factors affecting the secured orders include execution risks such as availability of skilled manpower and materials, rising price of materials, supply chain disruption, inefficiencies and delays due to travel restrictions during the pandemic, changes in political, economic and regulatory conditions.

4. Directors’ and Major Shareholders’ Interest

None of the Directors, major shareholders and person connected to them has any interest, direct or indirect, in the above secured orders.

This announcement is dated 27 September 2021.