【ITRONIC 9393 交流专区】工业电子

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Type	Announcement
Subject	OTHERS
Description	INDUSTRONICS BERHAD (ITRONIC OR THE COMPANY)- MEMORANDUM OF UNDERSTANDING ("MOU") WITH LAWMARVEL (SHENZHEN) TECHNOLOGY CO., LTD
1.  INTRODUCTION Pursuant to Chapter 9.29 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of ITRONIC wishes to announce that ITRONIC had entered into a non-binding Memorandum of Understanding (“MOU”) with Lawmarvel (Shenzhen) Technology Co., Ltd. (hereinafter referred to as “Lawmarvel”) on 29 April 2019 for the purpose of cooperating in the following areas of activities : Undertake to develop the “Intelligent Safety” projects in the scope of cooperation with terms to be agreed; and Cooperation with countries (such as South East Asia mainly Thailand and Indonesia) within the scope of cooperation for national security, job creation, poverty reduction and other developmental purposes. 2. DETAILS OF THE MOU 2.1 Information of ITRONIC ITRONIC was incorporated in Malaysia on 18 July 1975 and is principally engaged in the business of investment holding.  The current issued share capital of ITRONIC is 113,039,080 ordinary shares. 2.2 Information of the Lawmarvel Lawmarvel was incorporated in Shenzhen, China on 5 November 2018 and is principally engaged in the business of the Development of “Intelligent Safety System”.  The current issued share capital of Lawmarvel is RMB10,000,000. The Directors of Lawmarvel are : (i)   Dr. Herbert Lee, (ii)  Dr. Patrick Ma, (iii) Mr. Kwok Yuenwei, (iv) Mr. Long Chao, (v)  Mr. Zhou Xiaoming The Shareholders of Lawmarvel are: (i)   SHENZHEN VISUAL POWER TECHNOLOGY CO., LTD – 51% (ii)  LAWS NEW GENERATION INFORMATION TECHNOLOGY (SHENZHEN) CO., LTD. – 49% 4. FINANCIAL EFFECTS OF THE MOU The MOU will not have any effect on the share capital, shareholdings of major shareholders (where relevant), net assets per share and gearing of ITRONIC Group.   It will also not have any material effect on earnings per share of the Group. The effects of the collaboration will only be determined upon the finalisation of terms of any collaboration agreement(s).  Should any collaboration agreement materializes, it is expected to contribute positively to the future earnings of the Group. 5.   RISK FACTORS The Board of Directors of ITRONIC wishes to inform that there is no certainty that the MOU will result in the signing of a definitive collaboration agreement, and that further details of the MOU will be announced once a definitive collaboration agreement has been entered into. 6.   INTEREST OF DIRECTORS, SUBSTANTIAL SHAREHOLDERS AND CONNECTED PERSONS None of the directors and/or major shareholders of ITRONIC as well as persons connected with them has any interest, direct and/or indirect in the MOU. 7.  STATEMENT OF THE DIRECTORS The Board of Directors of the Company is in the opinion that the MOU is in the best interest of the Company and its shareholders. 8. OTHER MATTERS 8.1 Validity of the MOU The MOU shall remain valid for 90 days from the date of the MOU unless extended by mutual consent. This announcement is dated 30 April 2019.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2019	31 Mar 2018	31 Mar 2019	31 Mar 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	2,072	12,455	2,072	12,455
2	Profit/(loss) before tax	-1,141	-1,840	-1,141	-1,840
3	Profit/(loss) for the period	-1,141	-1,840	-1,141	-1,840
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,143	-1,659	-1,143	-1,659
5	Basic earnings/(loss) per share (Subunit)	-1.10	-1.61	-1.10	-1.61
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1300		0.1400

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INDUSTRONICS BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	PROPOSED ISSUANCE OF UP TO 20,552,560 NEW ORDINARY SHARES IN ITRONIC REPRESENTING UP TO 20% OF THE TOTAL NUMBER OF ISSUED SHARES OF ITRONIC ("PROPOSED SHARES ISSUANCE")
No. of shares issued under this corporate proposal	20,363,494
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.0924
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	133,402,574
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 7,240,906.046
Listing Date	07 Aug 2019

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Notice of Interest Sub. S-hldr (Section 137 of CA 2016)

INDUSTRONICS BERHAD

Particulars of Substantial Securities Holder

Name	MR CHU BOON TIONG
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Name & address of registered holder	CHU BOON TIONGC-04-01 Verde Ara Damansara PJU 1A/20, Ara Damansara, 47301 Petaling Jaya, Selangor Darul Ehsan

Date interest acquired & no of securities acquired
Date interest acquired	06 Aug 2019
No of securities	10,276,280
Circumstances by reason of which Securities Holder has interest	Special Issue (Private Placement)
Nature of interest	Direct Interest
Total no of securities after change
Direct (units)	10,276,280
Direct (%)	7.703
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Date of notice	13 Aug 2019
Date notice received by Listed Issuer	13 Aug 2019

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Name	MR CHAN KA LEUNG KEVIN
Nationality/Country of incorporation	Hong Kong
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	06 Aug 2019	10,087,214	Acquired	Direct Interest
	Name of registered holder	CHAN KA LEUNG KEVIN
	Address of registered holder	RHB NOMINEES (ASING) SDN BERHAD EXEMPT AN (BP) FOR RHB SECURITIES HONG KONG Level 4, Tower 3, RHB Centre, Jalan Tun Razak, 50400 Kuala Lumpur, Wilayah Persekutuan
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Special Issue (Private Placement)
Nature of interest	Direct Interest
Direct (units)	20,363,494
Direct (%)	15.265
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	20,363,494
Date of notice	13 Aug 2019
Date notice received by Listed Issuer	13 Aug 2019

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2019	30 Jun 2018	30 Jun 2019	30 Jun 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	4,596	13,803	6,639	26,258
2	Profit/(loss) before tax	-366	-231	-1,508	-2,072
3	Profit/(loss) for the period	-366	-231	-1,508	-2,072
4	Profit/(loss) attributable to ordinary equity holders of the parent	-366	-190	-1,509	-1,850
5	Basic earnings/(loss) per share (Subunit)	-0.33	-0.19	-1.36	-1.80
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1200		0.1400

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INDUSTRONICS BERHAD

Date of change	04 Sep 2019
Name	MR SUN NING
Age	40
Gender	Male
Nationality	China
Designation	Chairman
Directorate	Independent and Non Executive
Type of change	Appointment

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	Commercial and Industrial Business Management	Renmin University of China
2	Professional Qualification	Finance and Capital Investment Management	Tsinghua University , Beijing	Currently pursuing

Working experience and occupation

Mr Sun was appointed as Chairman of Liaoning Daoning Industrial Co. Ltd & Group since 2008.  He has acquired extensive business management experience in the hotel and resort industry, transportation and logistic industry, retail and supermarket sector, Information and technology business in cloud bio-technology industry.

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BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS AND/OR FINES 5 DIRECTORS OF INDUSTRONICS BERHAD

INDUSTRONICS BERHAD

Bursa Malaysia Securities Berhad (635998-W) (“Bursa Malaysia Securities”) has publicly reprimanded and/or fined 5 directors of Industronics Berhad (“ITRONIC” or “the Company”) for breach of the Bursa Malaysia Securities Main Market Listing Requirements (“Main LR”) as follows:-

No.	Director	Penalties Imposed
1.	Liu Wing Yee Amy Executive Director	Public Reprimand and Fine of RM200,000
2.	Leung Kwok Kuen Jacob Independent Non-Executive Chairman Audit Committee member (Resigned on 23 February 2018)	Public Reprimand and Fine of RM200,000
3.	Tsui Kwok Ho Independent Non-Executive Director (Resigned on 23 February 2018)	Public Reprimand and Fine of RM50,000
4.	Lu Zhi Qin Independent Non-Executive Director Audit Committee member	Public Reprimand and Fine of RM50,000
5.	Fung Ling Yip Independent Non-Executive Director Audit Committee Chairman (Resigned on 26 July 2018)	Public Reprimand

Liu Wing Yee Amy, Leung Kwok Kuen Jacob, Tsui Kwok Ho and Lu Zhi Qin had breached paragraph 8.23(2)(a)(i) of the Main LR for failing to ensure that the following were fair and reasonable to ITRONIC and not to the detriment of the Company and its shareholders:-

• the advance/deposit of SGD2.5 million paid to Vashion Group Ltd (“Vashion”) on 9 & 16 July 2014 (“the Deposit”) pursuant to the conditional deposit agreement dated 9 July 2014 in connection with the proposed subscription of shares in Vashion (“the Deposit Agreement”); and
• the continuing advances to Vashion by virtue of the extensions of the Deposit Agreement until 30 June 2016 via the supplemental agreements dated 30 September 2014, 31 December 2014, 31 March 2015, 30 June 2015, 30 September 2015, 31 December 2015 and/or 31 March 2016 (“Supplemental Deposit Agreements”).
  
  

Fung Ling Yip (who was appointed on 10 December 2014 i.e. after the Deposit Agreement) had breached paragraph  8.23(2)(a)(i) of the Main LR for failing to ensure that the continuing advances to Vashion by virtue of the extensions of the Deposit Agreement until 30 June 2016 via the supplemental agreements dated 31 December 2014, 31 March 2015, 30 June 2015, 30 September 2015, 31 December 2015 and 31 March 2016 were fair and reasonable to ITRONIC and not to the detriment of the Company and its shareholders.

The finding of breach and imposition of the above penalties on the directors of ITRONIC were made pursuant to paragraph 16.19 (1)(b) of the Main LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including the directors’ roles, responsibilities, involvement, knowledge and/or approval of the Deposit, the Deposit Agreement and/or the Supplemental Deposit Agreements and the materiality/impact of the breach to ITRONIC and its shareholders/investors.

Bursa Malaysia Securities views the contravention seriously as the requirements under paragraph 8.23 of the Main LR were one of the key investor protection requirements which served to ensure proper preservation and employment of a company’s assets/funds.

BACKGROUND

ITRONIC had on 9 July 2014 entered into the Deposit Agreement with Vashion, a company incorporated in Singapore and listed on the Catalist market of Singapore Exchange Limited for the proposed subscription of shares in Vashion by way of private placement for such number of new ordinary shares in Vashion and at such price and on such terms as shall be agreed and documented in a placement agreement to be entered into between Vashion and the Company.

Pursuant to the Deposit Agreement, the Company had paid the Deposit to Vashion on 9 July 2014 and 16 July 2014.  The Deposit represented approximately 11.7% of the Company’s net assets and 26.3% of the cash and bank balances as at 30 June 2014.

The Deposit Agreement was initially valid until 30 September 2014 but was subsequently extended every 3 months until 30 June 2016 via the Supplemental Deposit Agreements.  Vashion had subsequently made partial repayments of the Deposit on 5 February 2016 and  25 February 2016.  On 26 August 2016, the balance of the refundable Deposit of approximately SGD1 million was converted into a loan with interest at 3% per month to be paid by Vashion within 3 months from 1 July 2016 (which was subsequently extended to 31 December 2016). The loan together with interest was fully repaid by Vashion on 22 December 2016 i.e. approximately 2.5 years after the Deposit Agreement on 9 July 2014.

The Deposit, which was paid before ITRONIC acquired any shares in Vashion, was in substance an advance/provision of financial assistance under paragraph 8.23(1)(a) of the Main LR and pursuant to paragraph 8.23(2)(a)(i) of the Main LR, the board of directors of ITRONIC must ensure that the Deposit was fair and reasonable to ITRONIC and was not to the detriment of ITRONIC and its shareholders.  However, the directors had failed to discharge their obligation as they had failed to undertake reasonable care and diligence to make an informed assessment and decision to ensure that the Deposit and the continuing advances to Vashion via the Supplemental Deposit Agreements were fair and reasonable to ITRONIC and not to the detriment of the Company and its shareholders. In particular:-

(a) Despite the materiality of the Deposit, there was no evidence of any proper enquiry/assessment/analysis and/or justification undertaken by the directors before entering into the Deposit Agreement and payment of the Deposit. In this regard, there  was no evidence of any supporting documents and/or board paper prepared on the proposed subscription/Deposit      Agreement and it was noted that some of the Independent Non-Executive Directors and Audit Committee members had               requested for the following information for consideration of the Deposit Agreement:-

• investment proposal;
• business history;
• financial highlights;
• any outstanding litigations/disputes/capital commitment;
• profit and cash flow forecasts;
• how the proposed investment in Vashion can be beneficial to the Company;
• how the deposits made by the Company can be safeguarded; and
• any other relevant information to support the proposed investment.
  
  

However, the directors (except Fung Ling Yip who was appointed after the Deposit Agreement) had disregarded/did not take into account the enquiries and did not provide the information requested by the Independent Non-Executive Directors. The directors had proceeded to approve the Deposit Agreement merely via a Directors Circular Resolution (“DCR”) dated 2 July 2014 after the teleconferences on 2, 4 and 9 July 2014 where the directors had only discussed the idea and material terms of the draft Deposit Agreement (reason of the Deposit Agreement, amount to be deposited and briefing of the placement agreement).

(b) The directors had also via the DCRs dated 10 October 2014, 31 December 2014, 31 March 2015, 30 June 2015, 30             September 2015 and/or 1 June 2018 approved and/or ratified the Supplemental Deposit Agreements which essentially             allowed the continuing advances to Vashion/deferred the refund of the Deposit for a period of 1 year and 9 months until 30       June 2016 without any evidence of discussion with Vashion on the proposed subscription until December 2015 and details       of the assessment done vis-à-vis the numerous decisions to extend the validity period of the Deposit Agreement.

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INDUSTRONICS BERHAD

Date of change	22 Nov 2019
Name	MR SUN NING
Age	40
Gender	Male
Nationality	China
Designation	Chairman
Directorate	Independent and Non Executive
Type of change	Resignation
Reason	Due to health reasons
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	Commercial and Industrial Business Management	Renmin University of China
2	Professional Qualification	Finance and Capital Investment Management	Tsinghua University , Beijing	Currently pursuing

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2019	30 Sep 2018	30 Sep 2019	30 Sep 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	3,784	10,476	10,423	36,735
2	Profit/(loss) before tax	-122	793	-1,631	-1,277
3	Profit/(loss) for the period	-122	793	-1,631	-1,277
4	Profit/(loss) attributable to ordinary equity holders of the parent	-132	750	-1,642	-1,099
5	Basic earnings/(loss) per share (Subunit)	-0.11	0.73	-1.37	-1.07
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1000		0.1400

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Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	INDUSTRONICS BERHAD ("ITRONIC" OR THE "COMPANY")(I) PROPOSED ISSUANCE RCPS; AND(II) PROPOSED AMENDMENTS (COLLECTIVELY, THE "PROPOSALS")
On behalf of the Board of Directors of the Itronic (“Board”), M&A Securities Sdn Bhd (“M&A Securities") wishes to announce that the Company proposes to undertake the following:- (i)         proposed issuance of up to 250,000,000 new redeemable convertible preference shares ("RCPS") to Bluemount Investment Fund SPC  (“BIF”) at an issue price of RM0.08 per   RCPS (“Proposed Issuance of RCPS”); and (ii)        proposed amendments to the Constitution of the Company to facilitate the Proposed Issuance of RCPS (“Proposed Amendments”). Please refer to the attachment for the Announcement in relation to the Proposals. This Announcement is dated 13 February 2020

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3023343

Attachments Itronic - Proposed Issuance of RCPS 20200213.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2019	31 Dec 2018	31 Dec 2019	31 Dec 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	4,989	1,553	15,412	38,288
2	Profit/(loss) before tax	-612	-1,429	-2,244	-2,707
3	Profit/(loss) for the period	-612	-1,429	-2,244	-2,707
4	Profit/(loss) attributable to ordinary equity holders of the parent	-611	-1,611	-2,253	-2,710
5	Basic earnings/(loss) per share (Subunit)	-0.51	-1.57	-1.89	-2.64
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1100		0.1400

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Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	INDUSTRONICS BERHAD ("ITRONIC" OR THE "COMPANY")(I) PROPOSED ISSUANCE RCPS; AND(II) PROPOSED AMENDMENTS (COLLECTIVELY, THE "PROPOSALS")
We refer to the announcements in relation to the Proposals dated 13 February 2020 (“Initial Announcement”) and 13 March 2020. For consistency purposes, the abbreviations used in this announcement are the same as those previously defined in the Initial Announcement unless otherwise defined herein. Reference is made to the Initial Announcement in relation to the Proposals. M&A Securities, on behalf of the Board, wishes to announce that the Itronic had on 6 April 2020 entered into a supplemental agreement with the Subscriber (“Supplemental Agreement”) to vary, modify, substitute, alter and amend certain terms and relevant provisions of the Subscription Agreement as set out in the attachment below. This Announcement is dated 6 April 2020

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3042048

Attachments Itronic - Supplemental Agreement 2020406.pdf

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Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	INDUSTRONICS BERHAD ("ITRONIC" OR THE "COMPANY")(I) PROPOSED ISSUANCE RCPS; AND(II) PROPOSED AMENDMENTS (COLLECTIVELY, THE "PROPOSALS")
We refer to the announcements in relation to the Proposals dated 13 February 2020 (“Initial Announcement”), 13 March 2020 and 6 April 2020 (“Revision Announcement”). For consistency purposes, the abbreviations used in this announcement are the same as those previously defined in the Initial Announcement unless otherwise defined herein. Reference is made to the Initial Announcement and Revision Announcement in relation to the Proposals. Subsequent to the signing of the Supplemental Agreement, inlight of market development and conditions, the Subscriber has further requested and the Company has agreed to reduce the fund raising size and consequently the number of RCPS to be issued under the Proposals. M&A Securities, on behalf of the Board, wishes to announce that the Itronic had on 27 April 2020 entered into a 2nd supplemental agreement with the Subscriber (“Supplemental Agreement 2”) to vary, modify, substitute, alter and amend certain terms and relevant provisions of the Subscription Agreement as amended by the Supplemental Agreement as set out in the attachment below. This Announcement is dated 27 April 2020

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3046417

Attachments Itronic - Supplemental Agreement 2 2020427.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2020	31 Mar 2019	31 Mar 2020	31 Mar 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	3,606	2,042	3,606	2,042
2	Profit/(loss) before tax	-1,791	-1,141	-1,791	-1,141
3	Profit/(loss) for the period	-1,791	-1,141	-1,791	-1,141
4	Profit/(loss) attributable to ordinary equity holders of the parent	-1,788	-1,143	-1,788	-1,143
5	Basic earnings/(loss) per share (Subunit)	-1.50	-1.10	-1.50	-1.10
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1000		0.1100

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2020	30 Jun 2019	30 Jun 2020	30 Jun 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	1,915	4,596	5,522	6,639
2	Profit/(loss) before tax	-2,090	-366	-3,882	-1,508
3	Profit/(loss) for the period	-2,090	-366	-3,882	-1,508
4	Profit/(loss) attributable to ordinary equity holders of the parent	-2,089	-366	-3,877	-1,509
5	Basic earnings/(loss) per share (Subunit)	-1.57	-0.33	-2.91	-1.36
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.0800		0.1100

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Type	Announcement
Subject	OTHERS
Description	INDUSTRONICS BERHAD (ITRONIC OR THE COMPANY)- Disposal of entire equity interest in Industronics (HK) Limited, a wholly-owned subsidiary of ITRONIC
1.  INTRODUCTION       Pursuant to Paragraph 10.05 of the MAIN Market Listing Requirements of Bursa Malaysia Securities Berhad (“Listing Requirements”), the Board of Directors of ITRONIC wishes to announce that the Company had on 9 September 2020 entered into a Share Sale Agreement (“SSA”) with Mr. Pan Jiye (“the Purchaser”) for the disposal of 100% equity interests in Industronics (HK) Limited (“IBHK”) which comprises 1 ordinary shares of HKD1.00 per share (“IBHK Sale Shares”) to the Purchaser for a total cash consideration of HKD1.00 (“Consideration”) (hereinafter referred to as “Disposal”). In consequence thereof, IBHK has ceased to be a subsidiary of the Company. 2. DETAILS OF THE DISPOSAL 2.1 Information of IBHK IBHK was incorporated in Hong Kong on 7 March 2013 as a private limited company under the Companies Act. IBHK is principally engaged in the businesses of trading of watches. The current authorised share capital of IBHK is HKD1.00 comprising 1 ordinary shares of HKD1.00 each.  IBHK’s issued and paid-up share capital is 1 ordinary shares of HKD1.00 each. Based on its audited financial statements for the financial year ended 31 December 2019, IBHK recorded a profit after taxation of HKD 2,980,292 with a net liabilities of HKD 43,370,927 and accumulated losses of HKD 43,370,928. 2.2 Basis and Justification for the Consideration The Consideration of HKD1.00 is arrived at after taking into consideration the net liabilities of IBHK at 31 December 2019 of HKD 43,370,927 and the amount owing by IBHK to the Company of HKD 40,516,703 at 31 December 2019. 2.3 Information on the Purchaser Mr. Panjiye, holder of passport number EG 9139748, is a citizen of the People’s Republic of China. 2.4 Liabilities to be assumed Save for the liabilities stated in IBHK’s accounts, there are no other liabilities, including contingent liabilities and guarantees, to be assumed by the Purchaser pursuant to the Disposal. 3.   RATIONALE FOR THE DISPOSAL The Disposal is in line with the Group’s (i.e. the Company and its subsidiaries) overall objective to streamline its operations by disposing loss-making subsidiaries and to continuously attempt to enhance shareholders’ value. 4.   FINANCIAL EFFECTS OF THE DISPOSAL 4.1 Share Capital and Shareholding Structure of the Substantial Shareholders The Disposal will not have any effect on the issued and paid-up share capital and shareholding structure of the substantial shareholders of ITRONIC. 4.2 Earnings, Net Assets and Gearing The Disposal will result in an estimated gain on disposal of RM1,868,839 (HKD 3,477,634) for the financial year ending 31 December 2020, after taking into consideration the net liabilities of IBHK. 5.  APPROVAL OF SHAREHOLDERS The Disposal does not require the approval of the Company’s shareholders as the highest percentage ratio pursuant to paragraph 10.02(g)(vi) of the Listing Requirements is 7.74%, based on the total assets of IBHK over the total assets of the Group.    6.   INTEREST OF DIRECTORS, SUBSTANTIAL SHAREHOLDERS AND CONNECTED PERSONS None of the directors and/or major shareholders of ITRONIC as well as persons connected with them have any interest, direct and/or indirect in the Disposal.   7.   STATEMENT OF THE DIRECTORS The Board of Directors of the Company is in the opinion that the Disposal is in the best interest of the Company and its shareholders. 8.   DOCUMENT FOR INSPECTION The SSA is available for inspection at the registered office of ITRONIC at No. 9A, Jalan Medan Tuanku, Medan Tuanku, 50300 Kuala Lumpur, Malaysia during normal business hours on Mondays to Fridays (except public holidays) for a duration of three (3) months from the date of the announcement. This announcement is dated 9 September 2020.

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Type	Announcement
Subject	OTHERS
Description	INDUSTRONICS BERHAD (ITRONIC OR THE COMPANY)- Acquisition of a new subsidiary, All Best Group Limited (Incorporated in Hong Kong)
The Board of Directors of IB wishes to announce that the Company had on 15 September 2020 acquired a new wholly-owned subsidiary, namely All Best Group Limited [Company No.: 2942499] (“All Best”) for the purpose of operating E commerce business and target market is South East Asia.   All Best was incorporated in Hong Kong on 18 May 2020 under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) with an issued share capital of HKD1.00 divided into 1 ordinary share. The Director of All Best is Mr. Khoo Hoi Hin, Hong Kong citizen. The acquisition of All Best is not expected to have any material effect on the earnings or net assets of IB for the financial year ending 31 December 2020. None of the directors or substantial shareholders of IB or persons connected to them have any interest, direct or indirect, in the acquisition of All Best, save except through IB. This announcement is dated 15 September 2020.

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2020	30 Sep 2019	30 Sep 2020	30 Sep 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	2,927	3,784	8,448	10,422
2	Profit/(loss) before tax	-132	-122	-4,014	-1,631
3	Profit/(loss) for the period	-132	-122	-4,014	-1,631
4	Profit/(loss) attributable to ordinary equity holders of the parent	-129	-132	-4,007	-1,642
5	Basic earnings/(loss) per share (Subunit)	-0.10	-0.11	-3.00	-1.37
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.0700		0.1100

Type	Announcement
Subject	OTHERS
Description	INDUSTRONICS BERHAD ("ITRONIC" OR "THE COMPANY")- Disposal of a new subsidiary, Great Voyage Berhad
1.  INTRODUCTION       Pursuant to Paragraph 10.05 of the MAIN Market Listing Requirements of Bursa Malaysia Securities Berhad (“Listing Requirements”), the Board of Directors of ITRONIC wishes to announce that the Company had on 30 November 2020 entered into a Share Sale Agreement (“SSA”) with Mr. Khoo Yick Wai (“the Purchaser”) for the disposal of its entire 100% equity interest in Great Voyage Berhad (“GVB”) which comprises 100,000 ordinary shares (“GVB Sale Shares”) to the Purchaser for a total cash consideration of RM1.00 (“Consideration”) (hereinafter referred to as “Disposal”). In consequence thereof, GVB has ceased to be a subsidiary of the Company. 2. DETAILS OF THE DISPOSAL 2.1 Information of GVB GVB was incorporated in Malaysia on 14 March 2018 as a private limited company under the Companies Act, 1965. GVB has yet to commence business. The current issued and paid-up share capital of GVB is RM100,000 comprising 100,000 ordinary shares.    Based on its audited financial statements for the financial year ended 31 December 2019, GVB recorded a loss after taxation of RM12,859.00 with net liabilities of RM80,766.00 and accumulated losses of RM19,234.00. 2.2 Basis and Justification for the Consideration The Consideration of RM1.00 is arrived at after taking into consideration the net liabilities of GVB at 31 December 2019 of RM80,766.00 and the amount owing by the Company to GVB of RM96,983.00 at 31 December 2019. 2.3 Information on the Purchaser Mr. Khoo Yick Wai, holder of passport number KJ0367356, is a citizen of Hong Kong, SAR. 2.4 Liabilities to be assumed Save for the liabilities stated in GVB’s accounts, there are no other liabilities, including contingent liabilities and guarantees, to be assumed by the Purchaser pursuant to the Disposal. 3.   RATIONALE FOR THE DISPOSAL The Disposal is in line with the Group’s (i.e. the Company and its subsidiaries) overall objective to streamline its operations by disposing loss-making subsidiaries and to continuously attempt to enhance shareholders’ value. 4.   FINANCIAL EFFECTS OF THE DISPOSAL 4.1 Share Capital and Shareholding Structure of the Substantial Shareholders The Disposal will not have any effect on the issued and paid-up share capital and shareholding structure of the substantial shareholders of ITRONIC. 4.2 Earnings, Net Assets and Gearing The Disposal will result in an estimated gain on disposal of RM20,153.00 for the financial year ending 31 December 2020, after taking into consideration the net liabilities of GVB. 5.  APPROVAL OF SHAREHOLDERS The Disposal does not require the approval of the Company’s shareholders as the highest percentage ratio pursuant to paragraph 10.02(g)(viii) of the Listing Requirements is 0.67%, based on the total assets of GVB over the total assets of the Group.    6.   INTEREST OF DIRECTORS, SUBSTANTIAL SHAREHOLDERS AND CONNECTED PERSONS None of the directors and/or major shareholders of ITRONIC as well as persons connected with them have any interest, direct and/or indirect in the Disposal.   7.   STATEMENT OF THE DIRECTORS The Board of Directors of the Company is in the opinion that the Disposal is in the best interest of the Company and its shareholders. 8.   DOCUMENT FOR INSPECTION The SSA is available for inspection at the registered office of ITRONIC at No. 9A, Jalan Medan Tuanku, Medan Tuanku, 50300 Kuala Lumpur, Malaysia during normal business hours on Mondays to Fridays (except public holidays) for a duration of three (3) months from the date of the announcement. This announcement is dated 30 November 2020.

Type	Announcement
Subject	OTHERS
Description	INDUSTRONICS BERHAD ("ITRONIC" OR "THE COMPANY")-  Proposed Disposal of a subsidiary, Industronics Technology Limited ("IBTECH")
The Board of Directors of ITRONIC wishes to announce that it had entered into a Share Sale and Purchase Agreement (“SSA”) with Mr. Lee Kwok Po (“the Purchaser”) to dispose-off its 100% equity interest comprising of 1 ordinary share (“Sale Shares”) in Industronics Technology Limited (“IBTECH”) for a cash consideration of HKD800,000.00 which is equivalent to approximately RM428,984.00 only subject to the terms and conditions as stipulated in the SSA (“the Proposed Disposal”). Upon completion of the Proposed Disposal, IBTECH shall cease as a wholly-owned subsidiary of ITRONIC. The details of the announcement is attached herewith. This announcement is dated 1 December 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3110265

Attachments Disposal of shares in IBTECH (final).pdf

icy97

INDUSTRONICS BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	PRIVATE PLACEMENT OF NEW ORDINARY SHARES IN ITRONIC, PURSUANT TO THE GENERAL MANDATE OBTAINED FROM THE COMPANY'S SHAREHOLDERS ("PRIVATE PLACEMENT")
No. of shares issued under this corporate proposal	14,258,400
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.1580
Par Value($$) (if applicable)	Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units	389,285,974
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 19,158,733.170
Listing Date	04 Oct 2021

icy97

INDUSTRONICS BERHAD

Particulars of substantial Securities Holder

Name	BLUEMOUNT INVESTMENT FUND SPC
Address	C/O CAMPBELLS CORPORATE SERVICES LIMITED FLOOR 4, WILLOW HOUSE, CRICKET SQUARE GRAND CAYMAN CAYMAN ISLANDS KY1-9010 Cayman Islands.
Company No.	319336
Nationality/Country of incorporation	Cayman Islands
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	12 Oct 2021	12,713,900	Disposed	Direct Interest
	Name of registered holder	MAYBANK SECURITIES NOMINEES (ASING) SDN BHD EXEMPT AN FOR MAYBANK KIM ENG SECURITIES PTE LTD
	Address of registered holder	8th Floor, Menara Maybank 100, Jalan Tun Perak 50050 Kuala Lumpur Wilayah Persekutuan
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Disposal via open market transaction
Nature of interest	Direct Interest
Direct (units)	62,286,100
Direct (%)	16.608
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	62,286,100
Date of notice	15 Oct 2021
Date notice received by Listed Issuer	15 Oct 2021