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Quarterly Report For The Financial Period Ended 30 June 2024

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Notes:

(a) The Unaudited Condensed Consolidated Statement of Financial Position should be read in conjunction with the audited financial statements for the financial year ended 30 September 2023 and the accompanying explanatory notes attached to this interim financial report.

(b) Based on 669,447,130 ordinary shares in issue as disclosed in Note B10.

Notes:

(a) The Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the audited financial statements for the financial year ended 30 September 2023 and the accompanying explanatory notes attached to this interim financial report.

(b) Based on 669,447,130 ordinary shares in issue as disclosed in Note B10.

(c) Diluted earnings per share for the current financial period is calculated by dividing the profit for the financial period attributable to owners of the Company by the weighted average number of ordinary shares outstanding during the financial period adjusted for the effects of dilutive potential ordinary shares as disclosed in Note B10.

Comparison with the preceding year corresponding quarter

The Group’s revenue recorded an increase of 168% in the current quarter (“Q3FY24”) as compared to the preceding year corresponding quarter (“Q3FY23”) due to recovery of semiconductor industry and stronger demand from customers.

Finance cost increased mainly attributed to higher drawdown of trade line facilities for working capital purposes.

Loss before tax improved mainly attributed to lower operating expenses and higher revenue recorded.

The recovery of semiconductor industry is on course. This can be seen from the rate of inquiries and project engagements with customers. Overall, most of the market segments within our playing field is showing growth in demand.

We expected the revenue contribution by China sales region to slow down in last quarter. In contrary, the contribution in Q3FY24 was consistent, as compared to Q2FY24. We expect similar or better contribution in Q4FY24. The new products mentioned in last quarter for Enterprise Storage market, if no surprises, to debut in China sales region. We have also received contracts to supply our AMB5600 series testers for CIS market. The first batch of shipment is expected to start in Q4FY24.

The revenue contribution of Rest of World sales region is expected to increase steadily in Q4FY24. The contribution shall come from Mobile/Tablet as well as Medical Electronics markets. The Automotive market is expected to start contributing healthily too in Q4FY24. We are expecting to make progress into the Artificial Intelligence space, within the Mobile/Tablet market.

We are on course to deliver better financial result in FYE24, as compared to FYE23.