The Board of Directors of Signature International Berhad announced that Signature Manufacturing Sdn. Bhd. has on 18 August 2020 entered into a Joint Venture Agreement with Singer (Sri Lanka) PLC to regulate the business arrangement between SMSB and SINGER, in particular, to pool their respective expertise with the view of joining forces to penetrate into the kitchen cabinets market in Sri Lanka. The business arrangement involves granting SINGER the exclusive right to promote, market and sell SIGNATUREKITCHEN’s range of kitchen cabinets and built-in wardrobes. The JV Agreement does not involve equity participation nor the setting up of a joint venture company.