Metronic Global Berhad ("Metronic" or "the Company")
- PRESS RELEASE : Metronic expects RM100m turnover from e-Commerce division in next 5 years

We refer to your Company’s announcement dated 4 August 2022, in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1) To provide the date the Group ventured into Internet of Things, logistics technology and e-Commerce;

2) To provide detailed clarification on the synergies to be generated from the Internet of Things, logistics technology and e-Commerce with the Group’s existing core business;

3) To state whether the venture into Internet of Things, logistics technology and e-Commerce tantamount to diversification in operations of the Group pursuant to Paragraph 10.13 of the Main Market Listing Requirements. If not, to provide the basis and justification;

4) To provide detailed information on the software, Services Mobile Apps, Logistic/ Supply Chain Management Platform and e-Commerce Platform, including but not limited to, the name of the software/Apps, date of launch, the target markets, etc.; and

5) To provide the basis and justification for the Group to generate RM100 million in the next 5 years from this new venture.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully,

Listing

Regulation

cc:-   Market Surveillance, Securities Commission (via fax)