The Board of Directors of Mi Technovation Berhad wishes to announce that on 19 July 2023, Mi Technovation Berhad and its wholly owned subsidiary, Mi Equipment (M) Sdn. Bhd. (“the Companies”) filed a writ in the Penang High Court 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 relief sought for in the writ includes general damages and injunction orders.

On 27 July 2023, vide the Companies’ Notice of Application (ex-parte), the Penang High Court granted an Anton Piller Order allowing the Companies’ solicitors and independent experts to enter the Defendants’ corporate premises for the purposes of searching for listed items allowed by the Anton Piller Order. The said Order was executed and commenced on 31 July 2023 and is on-going.

Due to the nature of the suit and in particular the Companies’ application for an Anton Piller Order, the complete announcement to Bursa Malaysia Securities Berhad with regards to this legal action will be made once the Anton Piller Order has been duly executed.

The Penang High Court has fixed the date 7 August 2023 as the return date for the Companies’ Anton Piller Order application.

This announcement is dated 1st day of August 2023.