The Board of Directors (the "Board") of CFM Holdings Limite announced that, based on recent news publications, the Company was made aware that Panasonic Manufacturing Malaysia Bhd. ("PM") which is part of the key and anchor customer to the Group's business operations in Malaysia, is shutting down most of its operations in Malaysia. As the Group has not received any notification from PM on the cessation of its operations in Malaysia, the Group will be in communication with PM to, inter alia, assess the impact of the closure of PM plants on the Group's financial performance and position for the financial year ending 30 June 2023.