The Board of Directors of EG Industries Berhad ("EG") announced that SMT Technologies Sdn. Bhd. ("SMTT"), a wholly-owned subsidiary of EG, has entered into a Joint Venture Agreement ("JV Agreement") with Quanta Storage Inc. ("QSI") on 7 May 2019. Under the JV Agreement, a joint venture company ("JV Company") known as TM SMT Sdn. Bhd. has been established to undertake all contract manufacturing works for Western Digital Corporation or its affiliates ("WD") and any other customers in Malaysia and/or Thailand.