Tsang Yow Industrial Co.,Ltd. board of directors approved the establishment of a new plant through a joint venture in Malaysia. In order to diversify and enhance the competitiveness of enterprises, the company plans to set up a new joint venture plant in Malaysia. The expected investment amount is USD 6.6 million, and the expected shareholding ratio is 55%.

The Chairman is authorized to handle all matters related to the signing and establishment of the investment contract.