AIMFLEX Berhad through its wholly-owned subsidiary, AIMFLEX System Sdn Bhd, signed a Memorandum of Understanding ("MoU") with G2 Energy Technology Sdn Bhd ("G2E") (formerly known as Exis Group Sdn Bhd) to collaborate on the development and transfer of technology in the oil and gas ("O&G"), energy and related industries. G2E provides factory and process automation solutions as well as new technology system integrators to O&G clients in Malaysia that includes Petronas, Shell, Eneos, Petra Energy and Exxon Mobil. Through this collaboration with G2E, AIMFLEX will develop and commission Manufacturing Execution System (MES) for production control and monitoring as well as develop and fabricate electrical systems, instrument and O&G and energy equipment. The Company will also provide industrial automation solutions to complete the supply chain of G2E as well as manufacturing facilities for G2E's projects such as sheet metal fabrication, precision part fabrication, assembly, and integration. The MoU between AIMFLEX and G2E brings together the core competencies of the two parties in promoting the development of automation in the O&G sector through leveraging on their respective expertise and experience.