Further to the Company's announcements dated 1 August 2023 and 27 October 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 Chambers, the solicitors representing the Company dated 29 April 2024 for further details.

In this respect the Companies will seek legal advice from the solicitors with regard to (i) an appeal against the decision of the High Court in dismissing the Companies' application for a committal order, and (ii) a new suit against Ang Shi Jie (former employee of Mi Equipment (M) Sdn. Bhd.) based on the admission in his affidavit of unlawful retention of the confidential information and/or data belonging to Mi Equipment (M) Sdn. Bhd. 

This announcement is dated 29th day of April 2024.