Further to the Company's announcement dated 1 August 2023, in relation to  the Company and its wholly owned subsidiary, Mi Equipment (M) Sdn. Bhd. (“Companies”) legal action against 9 defendants, namely:

1. Chin Yong Keong (former employee of Mi Technovation Berhad),
2. Lee Kim Loon (former employee of Mi Equipment (M) Sdn. Bhd.),
3. Edelteq Holdings Berhad (Co. No. 201901033362(1342692-X)),
4. Edelteq Technologies Sdn. Bhd. (Co. No. 201901010509(1319837-U)),
5. Edel Technology (M) Sdn. Bhd. (Co. No.200401018737(657240-T)),
6. Edelteq Ventures Sdn. Bhd. (Co. No.201901012483(1321811-T)),
7. Camyang Enterprise Sdn. Bhd.  (Co. No.200601005398(725147-T)),
8. Dysteq Technique Sdn. Bhd. (Co. No.201901013390(1322718-W)),
9. Tan Joo Hung (former employee of Mi Technovation Berhad),

inter-alia for Breach of Confidential Information, Copyright Infringement, Patent Infringement, Conspiracy to Injure and Unlawful Interference with Trade, the Board of Directors of the Company wishes to furnish an update of the subject matter.

Please refer to the attached Summary write-up prepared by Messrs CK Lim Law Chamber, the solicitors representing the Company for further details.

This announcement is dated 27th day of October 2023.