The Board of Directors of Asian Micro Holdings Limited informed that the company's wholly owned subsidiary, AM NGV (S) Pte Ltd. will be embarking on Liquefied Natural Gas and related business, starting from January 2017. The company and AMNGV have been appointed as the authorized importer, installer and distributor for the following companies specializing in ISO LNG cryogenic storage systems, LNG vaporizers and LNG engines and power generators: Wu Xi Triumph Gases Equipment Co., Ltd, Luxi New Energy Equipment Group Co. Ltd. and Weifang HUALING Power Co. Ltd. specializing in CNG/LNG engines and power generators. Through the above distributorship, AMNGV has the opportunities on providing LNG distribution and trucking services (in addition to the current CNG distribution business), sales or leasing of ISO LNG cryogenic storage systems and LNG vaporizers to promote the use of LNG for powering natural gas engines, natural gas power generators, and LNG boilers/heaters and usage in gas cutting. The company is of the view that the LNG business is in line with and complementary to AMNGV's ordinary course of business. The above is not expected to have a material impact on the earnings and net tangible assets of the group for the financial year ending 30 June 2017 but the company hopes that such business will supplement and improve the natural gas business which AMNGV is currently undertaking. The company will make further announcements to update shareholders, when necessary.