Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the Company’s announcements dated 29 September 2017 and 5 October 2017 pertaining to the Proposed Capital Reduction Exercise by a Subsidiary. 

Further to the Company’s announcements dated 29 September 2017 and 5 October 2017 pertaining to the Proposed Capital Reduction Exercise by a Subsidiary, the Board of Directors of Industronics (“Board”) wishes to announce that the Company had on 20 February 2018 received RM2,040,000 from Sukitronics in relation to the Capital Reduction Exercise. 

In relation to the above, the Proposed Capital Reduction Exercise has been completed on 20 February 2018.

This announcement is dated 6 March 2018.