The Board of Directors of Industronics Berhad (“Industronics” or “Company”) wishes to announce that Messrs. CHI-LLTC (AF 1114) has tendered their resignation as the Auditors of the Company for the financial period ending 31 December 2016 vide their letter dated 16 August 2016 due to their recent tremendous decrease in workforce and undergo an internal firm restructuring exercise.

Pursuant to Section 172(15) of the Companies Act, 1965, their resignation will be effective only after new auditors have been appointed.

New auditors for the financial period ending 31 December 2016 will be nominated by the Board for proposed appointment in place of the resigning Auditors in an Extraordinary General Meeting (“EGM”) to be convened.

Further announcement on the nomination of new auditors and the holding of the EGM will be made by the Company once the said matter has been concluded.

This announcement is dated 30 August 2016