The Board of Directors (“the Board”) of JHM Consolidation Berhad (“JHM” or the “Company”) wishes to announce that the Company and its wholly owned subsidiary, Morrissey Integrated Dynamics Sdn. Bhd. (“MID”) had on 27 November 2024 entered into a Sale and Purchase of Assets Cum Joint Venture Shareholders’ Agreement (referred to as the “Agreement”) with MD (Xiamen) Mechanical Solutions Company (“MD”) and MD Mechanical Solutions (PG) Sdn. Bhd. (“MD Penang”) for the purpose of collaborate with each other to use MID as the joint venture vehicle to carry out MID’s existing business as well as the Faceplate Business to be brought in by MD Penang, upon the terms and conditions as stipulated in the Agreement.

Please refer to the attachment for further details.

This announcement is dated 27 November 2024.