(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcements dated 20 April 2020, 21 April 2020, 17 July 2020 and 15 October 2020 in relation to the MOC, where applicable, unless stated otherwise or defined herein.)

Reference is made to the Company’s announcements made on 20 April 2020, 21 April 2020, 17 July 2020 and 15 October 2020, the Board of Directors of ATS wishes to inform that there has been no material development on the status of the MOC pertaining to the MOC between ATES, a wholly-owned subsidiary of ATS and M3 Technologies (Asia) Berhad for the collaboration in the business relating to enhancements and value-added additions to ATES’s anti-epidemic integrated disinfection chamber, including the software design and implementation to enable the fluid connectivity between all components.

This announcement is dated 18 January 2021.