Further to our announcements made by the Company on 22 February 2016, 30 August 2016, 30 November 2016, 31 May 2017, 29 August 2017, 27 November 2017, 13 February 2018, 25 May 2018, 27 August 2018, 21 November 2018, 27 February 2019, 28 May 2019 and 29 August 2019 pertaining to the Memorandum of Understanding entered into between PNE and JYST to record their intention to enter into a collaboration for the sales and marketing of multi layers printed circuit board business ("MOU"), the Board of Directors of PNE wishes to inform that there is no material development to the MOU since the last announcement.
The Company will make the appropriate announcement on any new development to the MOU, if any.
This announcement is dated 25 November 2019.