The Board of Directors of YLI Holdings Berhad ('YLI' or 'the Company') announce that Yew Lean Foundry & Co. Sdn. Bhd. ('Yew Lean Foundry') has on 1 April 2022 entered into a Supplementary Agreement to Purchase and Supply Agreement Part 4 with Kubota Corporation ('Kubota') to extend the duration and terms of the contract for another 3 years to 31 March 2025. The extension of the above contract will not have any material effect on the earnings per share, net assets and gearing of YLI Group for the financial year ending 31 March 2023. It will also not have any effect on the issued and paid-up share capital and substantial shareholders' shareholdings of YLI Group. However, it is expected to contribute positively towards the future earnings of the Group.