Betamek Berhad announced that company had on 24 July 2023 received a Letter of Instruction dated 3 May 2023 issued by PERODUA for a contract to supply various electronics parts for PERODUA new car model. The supply of these parts is expected to commence in the fourth quarter of the financial year ending 31 March 2025 for a duration of six (6) years. The Projects are expected to generate total revenue of approximately RMB 436.5 million for the Company and its subsidiary over the Projects Period.

The Projects will not have any effect on the share capital and shareholding structure of the Company and there will not be any material effect on the earnings per share, net assets per share and gearing of Betamek for the financial year ending 31 March 2024. The Projects are expected to contribute positively to the revenue and earnings of the Group for the financial year ending 31 March 2025 and throughout the Projects Period.