1. Introduction

The Board of Directors of the Company (“Board”) is pleased to announce that Aemulus Corporation Sdn Bhd (“ACSB”), a wholly-owned subsidiary of the Company has secured new orders worth USD1.1 million, approximately RM4.7 million on 15 April 2025 (“Secured Orders”).

The new Secured Orders are from a new customer based in Malaysia from the automotive industry for the test systems for automotive devices.

The revenue from the said new Secured Orders shall be recognised progressively upon delivery of the systems.

2. Secured orders period

The Secured Orders are expected to be fulfilled within the financial years 2025 and 2026.  

3. Financial effects

The Secured Orders are expected to contribute positively to the earnings of the Company for the financial years 2025 and 2026.

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 2025. The Secured Orders will not have any effect on the share capital and shareholding structure of Aemulus.

4. Risks

The potential risk factors affecting the Secured Orders include execution risks such as availability of materials, changes in prices of materials, disruption of supply chain, changes in political, economic and regulatory conditions.

5. Directors’ and Major Shareholders’ Interests

None of the Directors, major shareholders and persons connected to them has any interest, direct or indirect, in the above Secured Orders.

This announcement is dated 15 May 2025.