Memorandum Of Understanding PESTECH International Berhad (“PESTECH” Or “The Company”) – Status Of Memorandums Of Understanding (“Mou”)

The Board wishes to inform the status updates of the following MOU:-

1)  MOU between PESTECH and Electrical Construction and Installation, State Enterprise, a State Owned Laos Company (“ECI”)

There has been no material development since the previous announcement dated 29 November 2016.

2)  MOU between PESTECH Sdn. Bhd. and Xang Kham Construction Building Road and Bridge Import Heavy Machine Co., Ltd.

There has been no material development since the previous announcement dated 29 November 2016.

3)  MOU between PESTECH Sdn. Bhd. and UPL Lao Co., Ltd.

There has been no material development since the previous announcement dated 29 November 2016.

4)  MOU between PESTECH Technology Sdn. Bhd. and HollySys (Asia Pacific) Pte. Ltd.

There has been no material development since the previous announcement dated 29 November 2016.

5) MOU between PESTECH and Shandong Electrical Engineering & Equipment Group

There has been no material development since the previous announcement dated 29 November 2016.

6) MOU between PESTECH Technology Sdn. Bhd. and Permodalan Darul Ta’zim Sdn. Bhd.

There has been no material development since the previous announcement dated 29 November 2016.

This announcement is dated 24 February 2017.