【EFRAME 0227 交流专区】

Tony-Pua

（吉隆坡5日讯）全方位门框系统供应商Econframe有限公司计划在10月27日于马股创业板上市，并冀透过首发股募集1820万令吉。


该公司首发股涉及发行6500万新股，并以每股28仙的价格出售3250万现有股。公开发行的申请书从今天起开放，直至10月12日下午5时。

Econframe集团董事经理林进丰说，集资所得的27.5%或500万令吉的将用于土地收购和新制造设施的建设，而22%或400万令吉则用作制造业自动化。

他在今天的公司招股说明书发布会上指出：“另外的34.1%（620万令吉）将作为营运资金需求，剩下的16.4%（300万令吉）则是上市费用。”

订单4700万

对于新制造设施，林进丰说，工厂位于雪州的加埔，预计在两年内完成。

“我们的计划是将整个业务整合到新工厂中，以改善我的营运效率和生产力，而其他4个工厂，我们将会探讨是否要出售还是扩大规模。”

该公司也计划为设施装备最先进的机械手技术，以提高金属门框和防火门套装每年营运产能35%。

“此外，我们也打算扩大产能，以涵盖目前从第三方供应商采购的木门。”

他指出，截至9月6日，Econframe的订单为4700万令吉。业绩方面，营业额从3549万令吉（2017财年）增加至4409万令吉（2019财年），两年复合年增长率为11.5%。

展望未来，他透露，公司考虑开发在中国市场的潜能。

Econframe于2001年成立，一直为著名的房地产开发商提供产品，包括绿盛世（ECOWLD）、金务大（GAMUDA）、实达集团（SPSETIA）、森那美房产（SIMEPROP）和怡保工程（IJM）。

Tony-Pua

（吉隆坡5日讯）全方位门框系统供应商Econframe有限公司将在首次公开售股（IPO）下，以每股28仙发售6500万股，从中筹资1820万令吉，以及预计于10月27日在大马交易所创业板上市。

Econframe有限公司董事经理林进丰在招股书发布会中表示，所筹集的1820万令吉中，500万令吉（27.5%）将用于购地及产房建设；400万令吉（22.0%）用于生产活动自动化；620万令吉（34.1%）作为营运资本；剩余300万令吉（16.4%）为上市开销。

林进丰表示，将耗资500万令吉在巴生购地及建设产房，以整合公司旗下的设施包括4座隔开产房，好大量改善营运效率及产能。该发展预计在两年内完成。

他表示，通过上述工作流程的改善及生产技术的升级后，预计能提升金属门框与防火门35%产能；截至2019年5月31日，其产能各为43万3368及2万3088个单位。

此外，他也表示，该公司将计划扩张生产至目前仍由第三方供应的木门产品。

展望未来，他也透露，该公司将向中国探索其市场潜能。

[backcolor=transparent !important]林进丰指出，该公司订单额截至9月6日为4700万令吉

Tony-Pua

谁有申请？？？

Tony-Pua

（吉隆坡15日讯）即将于本月27日上市马股创业板的全方位门框系统供应商Econframe公司首发股反应热烈，公众认购部分获超额认购高达40.23倍。



Econframe公司发布文告指出，公众认购方面共接获1万1827份申请，认购高达6亿7002万2600股，相当于超额认购40.23倍。

其中，土著认购部分收到6105份申请，欲认购2亿9760万5300股，超额认购35.63倍；公众认购部分则收到5722份申请，欲认购3亿7241万7300股，超额认购44.84倍。

同时，供合格人士、董事和员工申请的325万新股也全数获得认购，且成功配售1300万新股予指定投资者，以及另外3250万新股配售予获贸公部批准的土著投资者。

Econframe公司董事经理林进丰指出，受市场信心鼓舞，他放眼公司在上市后，将通过企业扩展让业务在该领域进一步成长。

该公司在首发股计划下发行6500万新股，并以每股28仙的价格出售3250万现有股，冀籍此筹募1820万令吉。

Tony-Pua

即将于10月27日在大马交易所创业板上市的Econframe有限公司，虽然旗下业务与房产市场息息相关，惟不担心房市会因疫情而一蹶不振。相反的，创办人林进丰深信只要做好充足的准备，竭力成为市场领导者，就不会感受到市场的低落。

也是董事经理的林进丰日前在招股书发布会后向《投资致富》表示，Econframe历来的业绩增长表现，即可反映出房产市场依然强盛的现象。

“目前仍可看见重量级发展商积极发展新项目且销量佳，而不同之处仅在于房价更为宜人。”

谈及疫情所带来的影响，他表示，尽管公司在行管期间营运受阻，拖迟营收的确认，惟不代表这些订单将取消。

“Econframe在上两个月内便接获大量订单，相信是在管制期间受压抑所致；截至9月6日订单总额为4700万令吉，料可忙碌至截至5月31日的2021财政年。”

此外，他林进丰，公司主要优势在于提供的全方位门框系统，发展商无需同时面对多家供应商以解决对各别门类产品的需求，从而节省时间与精力。Econframe目前已为民宅、商用、综合及工业等多样化的产业发展提出供应，并不依赖于特定区域的产业。

拟明年制造木门 筹划进军中国

展望未来，Econframe计划明年制造木门，并为接下来2021下半年进军中国市场目标进行筹划。

“从生产线角度观看，我们目前所制造的防火门与木门相比，在设备和机械方面的需求都大为一致，并计划在今年最后一季开始，木门的初始产能目标为约每年10万个单位。”

Econframe在招股书中提到，有意在2021下半年进军中国市场，计划持续监控市况并开始筹划活动。事实上，林进丰早于2018年前就已在中国注册了DUROE商标，为3年后进军中国市场计划铺路。

购建厂房 提升产能

20年前，Econframe仅制造金属门框与金属窗框，并仅租用一座厂房。

2001年起该公司便直线发展，至今旗下有5大业务（金属门框、防火门、木门、铁器及金属门套），拥有超过100类产品，完成超过1000个项目，并一直为著名的房产发展商提供产品。

5大业务 逾百产品

说到Econframe，就不得不提到公司创始人兼董事经理林进丰。他完成中六学历后，就在一间制钢公司就职，短短4年内就擢升为生产部高级执行员。

这些年，林进丰累计在金工方面的技术与知识，在行业网络上发现了金属门框及金属窗框的需求，最终在2001年成立了Econframe行销公司。

10年后，通过第三方供应开发了木门、防火门、铁器等贸易，后渐渐由贸易转型至制造，如今已可制造属于自己品牌的金属门（Econframe品牌）及防火门（Duroe品牌），预期明年开始批量制造木门。

截至2019年5月31日财政年的3年内，Econframe营业额的年均复合增长率（CAGR）高达11.5%，税后净利为61.7%。截至2019财政年，营业额与税后净利为4409万令吉及814万令吉。

Econframe此次首次公开售股（IPO）所筹集的1820万令吉中，其中500万令吉将用于巴生购地及建设厂房，以整合公司旗下的设施包括4座厂房，以便大量改善营运效率及产能。该发展预计在两年内完成；另外有400万令吉用于生产活动自动化，预计可提高金属门框与防火门35%产能。

Tony-Pua

申请100粒才给5粒！！！

SUMMARY OF KEY FINANCIAL INFORMATION 31 May 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 May 2020	31 May 2019	31 May 2020	31 May 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	4,778	0	29,977	0
2	Profit/(loss) before tax	173	0	5,512	0
3	Profit/(loss) for the period	131	0	4,211	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	131	0	4,211	0
5	Basic earnings/(loss) per share (Subunit)	11.91	0.00	382.82	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	27.4727		0.0000

Tony-Pua

SUMMARY OF KEY FINANCIAL INFORMATION 31 Aug 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Aug 2020	31 Aug 2019	31 Aug 2020	31 Aug 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	10,641	0	40,618	0
2	Profit/(loss) before tax	1,733	0	7,245	0
3	Profit/(loss) for the period	1,130	0	5,341	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,130	0	5,341	0
5	Basic earnings/(loss) per share (Subunit)	0.43	0.00	2.05	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1205		0.0000

明天就到你咯。。。。

Tony-Pua

（吉隆坡27日讯）全方位门框系统供应商Econframe Bhd今日在大马交易所创业板强势登场，较首次公开募股（IPO）的28仙，一度劲扬15.5仙或55.36%，至43.5仙。

截至12时，该股报38仙，仍扬10仙或35.71%，达2亿6319万8900股易手，为交投最热股项。

该股今早以34.5仙迎市，溢价6.5仙或23.21%。

Econframe集团董事经理林进丰在虚拟上市仪式上表示，上市将加快其策略计划，所筹资金将用于扩大在该行业的市场版图。

据他说，Econframe成立于2001年，自此建立了一个具有强大基础和稳健基本面的具韧性业务。

他指出，全方位门框系统解决方案受到我国各知名产业发展商的好评。

“基于绩效纪录和强大的客户群，我们有信心继续蓬勃发展，因打开了新的潜在大门。”

Econframe的一些知名客户包括Aset Kayamas、绿盛世、金务大、IJM Land、IOI产业、林木生集团、马星集团、金群利集团、森那美和实达集团。

林进丰表示，该集团已获得总值4700万令吉的采购订单，可忙碌至2021年底。

该公司通过上市筹集约1820万令吉。

其中，500万令吉用于收购土地和建设新厂、6400万令吉投资于制造自动化、620万令吉充作营运资本，以及余下300万令吉支付上市费用。

市场已展现出对Econframe的强劲需求，向大马公众发行的1625万新股，获超额认购40.23倍。

ECONFRAME BERHAD

Particulars of substantial Securities Holder

Name	MISS LIM SAW NEE
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	22 Oct 2020	13,000,000	Others	Direct Interest
	Name of registered holder	Lim Saw Nee
	Description of "Others" Type of Transaction	Offer for sale

Circumstances by reason of which change has occurred	Offer for sale of shares in conjunction with Initial Public Offering
Nature of interest	Direct Interest
Direct (units)	108,392,300
Direct (%)	33.351
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	108,392,300
Date of notice	27 Oct 2020
Date notice received by Listed Issuer	27 Oct 2020

Name	MR LIM CHIN HORNG
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	22 Oct 2020	19,500,000	Others	Direct Interest
	Name of registered holder	Lim Chin Horng
	Description of "Others" Type of Transaction	Offer for sale
2	22 Oct 2020	400,000	Acquired	Indirect Interest
	Name of registered holder	Lai Shu San
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Offer for sale of shares in conjunction with the Initial Public Offering.Subscription of Public Issue shares in connection to the Initial Public Offering (Deemed interested by virtue of his spouse, Ms. Lai Shu San's shareholding in Econframe Berhad)
Nature of interest	Direct and Indirect Interest
Direct (units)	112,912,735
Direct (%)	34.742
Indirect/deemed interest (units)	400,000
Indirect/deemed interest (%)	0.123
Total no of securities after change	113,312,735
Date of notice	27 Oct 2020
Date notice received by Listed Issuer	27 Oct 2020

Tony-Pua

（吉隆坡27日讯）全方位门框系统供应商——ECONFRAME公司（EFRAME,0227,创业板工业产品服务组）于今日正式上市创业板，开盘刷下6.5仙或23.21%溢价，高开34.5仙，有多达1571万7900股易手。

发售价为28仙的ECONFRAME公司，在开市首4分钟内一度上扬15.5仙或55.36%，升上43.5仙，过后游走于38仙水平，休市时守在36.5仙，半天溢价达8.5仙或30.36%。该股半天交易量高达2亿7314万1600股，为全场最热。

午盘，ECONFRAME公司徘徊于37至38仙，最终以37仙结束首日交易，全天取得9仙或32.14%溢价，并以2亿9454万9800股成交量跻身最大热门股。

ECONFRAME公司董事经理林进丰在上市发布会上表示，该公司的独家产品将在本季投产，未来计划找寻更多商业机会，包括探讨并购活动等。

寻求更多海外商机

林进丰表示，该公司正积极参与印尼及东南亚等国家的多项展览会，以寻求更多海外商机。

他透露，与之合作的各大发展商在未来两年都将有充裕的发展项目，主要为可负担价位的房屋项目。

该公司目前的订单总额为4700万令吉，可助该公司忙碌至截至2021财政年。

谈及是否对产业不景气的市况表示担忧，他表示，“听见有人说现今市场缓慢、产业市况不理想、出现高额未售出单位，惟若关注我们的前3年的业绩，你们会发现我们仍在成长，可反映如今真实市况。”

招股书数据显示，该公司2017至2019财政年的平均复合增长率为11.5%。

该公司昨日也公布截至今年8月的第四季业绩，由于业务受行动管制令影响，该公司营业额从4409万令吉降至4062万令吉，税前盈利则报725万令吉。

除了林进丰，出席上市仪式的也包括ECONFRAME公司执行董事邱顺明，非执行董事林素妮、陈福顺和法蒂拉，以及合盈证券董事经理拿督陈俊山票等。

Type	Announcement
Subject	OTHERS
Description	ECONFRAME BERHAD ("ECONFRAME" OR "THE COMPANY") - INCORPORATION OF A WHOLLY-OWNED SUBSIDIARY, NAMELY EFRAME TECHNOLOGY SDN. BHD.
The Board of Director of the Company wishes to announce that the Company has on 28 December 2020 incorporated a wholly-owned subsidiary, namely Eframe Technology Sdn. Bhd. [Registration No.: 202001043222 (1399543-K)] (“ETSB”) with a total issued share capital of RM100/- comprising of 100 ordinary shares at RM1/- per share. The proposed principal activity of ETSB is trading in electronic and electrical systems and accessories. None of the Directors and/or Major Shareholders of the Company or persons connected to the Directors and/or Major Shareholders of the Company has any interest, direct or indirect, in the above incorporation. This announcement is dated 29 December 2020.

SUMMARY OF KEY FINANCIAL INFORMATION 30 Nov 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Nov 2020	30 Nov 2019	30 Nov 2020	30 Nov 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	11,570	0	11,570	0
2	Profit/(loss) before tax	2,335	0	2,335	0
3	Profit/(loss) for the period	1,636	0	1,636	0
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,636	0	1,636	0
5	Basic earnings/(loss) per share (Subunit)	0.58	0.00	0.58	0.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1547		0.1205

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Aug 2021

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Aug 2021	31 Aug 2020	31 Aug 2021	31 Aug 2020
		$$'000	$$'000	$$'000	$$'000

1	Revenue	4,983	10,641	40,985	40,618
2	Profit/(loss) before tax	213	1,730	7,184	7,242
3	Profit/(loss) for the period	33	1,128	5,081	5,339
4	Profit/(loss) attributable to ordinary equity holders of the parent	50	1,128	5,110	5,339
5	Basic earnings/(loss) per share (Subunit)	0.02	0.43	1.62	2.05
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1659		0.1206

icy97

ECONFRAME BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Acquisitions
Details of corporate proposal	Acquisition by Econframe Berhad of 65% equity interest in Lee & Yong Aluminium Sdn. Bhd. for a purchase consideration of RM17,200,000 to be satisfied by RM8,100,000 in cash and RM9,100,000 via the allotment and issuance of 10,459,770 new Ordinary Shares in Econframe Berhad at an issue price of RM0.87 per share
No. of shares issued under this corporate proposal	10,459,770
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.8700
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	353,334,120
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 59,937,308.900
Listing Date	08 Sep 2023

icy97

ECONFRAME BERHAD

Date of change	17 Oct 2023
Name	MR TEOH KENG CHANG
Age	31
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Resignation
Reason	Due to other personal commitment

icy97

ECONFRAME BERHAD

Particulars of substantial Securities Holder

Name	DATO HOOI JIA HAO
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	12 Mar 2024	7,200,000	Disposed	Direct Interest
	Name of registered holder	Alliance Group Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Hooi Jia Hao
	Description of "Others" Type of Transaction
2	12 Mar 2024	1,800,000	Disposed	Direct Interest
	Name of registered holder	Maybank Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Hooi Jia Hao
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal of shares via direct business transaction
Nature of interest	Direct Interest
Direct (units)	24,725,800
Direct (%)	6.845
Indirect/deemed interest (units)	4,697,000
Indirect/deemed interest (%)	1.3
Total no of securities after change	29,422,800
Date of notice	14 Mar 2024
Date notice received by Listed Issuer	14 Mar 2024

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 29 Feb 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		29 Feb 2024	28 Feb 2023	29 Feb 2024	28 Feb 2023
		$$'000	$$'000	$$'000	$$'000

1	Revenue	26,981	18,432	54,166	35,298
2	Profit/(loss) before tax	5,264	4,457	11,636	7,614
3	Profit/(loss) for the period	3,944	3,163	8,724	5,496
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,369	3,160	7,771	5,494
5	Basic earnings/(loss) per share (Subunit)	0.99	0.97	2.31	1.69
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.2920		0.2496

icy97

Notice of Person Ceasing (Section 139 of CA 2016)

ECONFRAME BERHAD

Particulars of Substantial Securities Holder

Name	DATO NG WEI YEE
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Name of registered holder	Kenanga Nominees (Tempatan) Sdn. Bhd. Pledged Securities Account for Ng Wei Yee
Date of cessation	18 Apr 2024

No of securities disposed	9,000,000
Circumstances by reason of which a person ceases to be a substantial shareholder	Disposal of shares through direct business transaction
Nature of interest	Direct Interest
Date of notice	22 Apr 2024
Date notice received by Listed Issuer	22 Apr 2024

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 May 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 May 2024	31 May 2023	31 May 2024	31 May 2023
		$$'000	$$'000	$$'000	$$'000

1	Revenue	24,939	19,593	79,105	54,891
2	Profit/(loss) before tax	1,613	4,628	13,249	12,242
3	Profit/(loss) for the period	1,091	3,506	9,815	9,002
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,473	3,507	9,244	9,001
5	Basic earnings/(loss) per share (Subunit)	0.42	1.04	2.73	2.73
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.2979		0.2496

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	ECONFRAME BERHAD ("ECONFRAME" OR "THE COMPANY") (I)        INCORPORATION OF DUROE GLASS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF ECONFRAME; AND(II)        PROPOSED ACQUISITION OF MACHINERIES AND MOTOR VEHICLES BY DUROE GLASS SDN. BHD. FROM SURIA KACA SDN. BHD., FOR A PURCHASE CONSIDERATION OF RM3,000,000.00(COLLECTIVELY, THE "PROPOSALS")
The Board of Directors of Econframe wishes to announce the Company had on 3 September 2024, incorporated a wholly-owned subsidiary, namely Duroe Glass Sdn. Bhd. (“Duroe Glass”). Simultaneous with the incorporation of Duroe Glass, the Company had through Duroe Glass entered into an Assets Purchase Agreement with Suria Kaca Sdn. Bhd. (“Suria Kaca” or the “Vendor”), for the acquisition of machineries and motor vehicles (“Assets”) for a purchase consideration of RM3,000,000.00, of which RM2,996,500.00 is to be satisfied in cash and the remaining RM3,500.00 shall be via the issuance and allotment of 3,500 new ordinary shares in the share capital of Duroe Glass (“Consideration Shares”) at an issue price of RM1.00 per Consideration Share to the Vendor’s appointed nominee, i.e. Mr. Sim Han Kai (“Mr. Sim”) (“Proposed Acquisition of Assets”). In conjunction with the Proposed Acquisition of Assets, the Company had, on the same date, entered into a Shareholders’ Agreement with Mr. Sim, who is also the director and major shareholder of Suria Kaca, for the purpose of regulating their relationship with one another and to record the terms agreed between them to govern the management and operations in relation to Duroe Glass. Please refer to the attachment for further details on the Proposals. This announcement is dated 3 September 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3480994

Attachments Incorporation of Duroe Glass Sdn. Bhd. and Proposed Acquisition of Asset.pdf