MEMORANDUM OF UNDERSTANDING Status update on Memorandum of Understanding between JHM Consolidation Berhad and Jiangsu Dekai Auto Parts Co. Ltd.

TypeAnnouncement
SubjectMEMORANDUM OF UNDERSTANDING
DescriptionStatus update on Memorandum of Understanding between JHM Consolidation Berhad and Jiangsu Dekai Auto Parts Co. Ltd.

Reference is made to the announcements dated 13 September 2023 in relation to the Memorandum of Understanding (“MOU”) between JHM Consolidation Berhad (“JHM” or “the Company”) and Jiangsu Dekai Auto Parts Co. Ltd. (“DEKAI”) (“Announcement”).

Unless otherwise stated, all definitions used throughout this announcement shall have the same meaning as defined in the earlier Announcement.

The Board of Directors of the Company wishes to inform that there is no material development pertaining to the MOU entered between JHM and DEKAI.

This announcement is dated 24 November 2023.