Buy Or Sell Opportunity • Apr 09
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to RM0.03. The fair value is estimated to be RM0.041, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 39%. Buy Or Sell Opportunity • Mar 24
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to RM0.03. The fair value is estimated to be RM0.041, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 39%. Reported Earnings • Mar 01
Second quarter 2026 earnings released: EPS: RM0.001 (vs RM0.003 in 2Q 2025) Second quarter 2026 results: EPS: RM0.001 (down from RM0.003 in 2Q 2025). Revenue: RM21.8m (down 22% from 2Q 2025). Net income: RM537.0k (down 77% from 2Q 2025). Profit margin: 2.5% (down from 8.4% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 29
First quarter 2026 earnings released: EPS: RM0.001 (vs RM0 in 1Q 2025) First quarter 2026 results: EPS: RM0.001 (up from RM0 in 1Q 2025). Revenue: RM21.4m (down 59% from 1Q 2025). Net income: RM673.0k (up RM708.0k from 1Q 2025). Profit margin: 3.1% (up from net loss in 1Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Nov 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM40.2m (US$9.73m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (34% average weekly change). High level of non-cash earnings (23% accrual ratio). Market cap is less than US$10m (RM40.2m market cap, or US$9.73m). Bekanntmachung • Oct 30
XOX Technology Berhad, Annual General Meeting, Nov 27, 2025 XOX Technology Berhad, Annual General Meeting, Nov 27, 2025, at 15:00 Singapore Standard Time. Location: lot 4.1, 4th floor, menara lien hoe, no. 8, persiaran tropicana, tropicana golf & country resort, selangor darul ehsan, 47410 petaling jaya Malaysia Reported Earnings • Aug 31
Full year 2025 earnings released: EPS: RM0.01 (vs RM0.011 in FY 2024) Full year 2025 results: EPS: RM0.01 (down from RM0.011 in FY 2024). Revenue: RM150.6m (down 19% from FY 2024). Net income: RM8.71m (down 12% from FY 2024). Profit margin: 5.8% (up from 5.3% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • May 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM40.2m (US$9.52m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (RM40.2m market cap, or US$9.52m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • May 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (RM53.6m market cap, or US$12.5m). New Risk • Apr 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM44.7m (US$9.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Market cap is less than US$10m (RM44.7m market cap, or US$9.98m). Bekanntmachung • Mar 22
Xox Technology Berhad Announces Resignation of Datuk Halmi Bin Khalid as Executive Director XOX Technology Berhad announced the resignation of DATUK HALMI BIN KHALID, age 43 as Executive Director. Date of change is on 19 March 2025. Reason: Due to his other work commitments. New Risk • Jan 21
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM44.7m (US$9.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Market cap is less than US$10m (RM44.7m market cap, or US$9.98m). Bekanntmachung • Jan 16
Xox Technology Berhad Announces Resignation of Nicholas Wong Yew Khid as Executive Director XOX Technology Berhad announced resignation of NICHOLAS WONG YEW KHID as Executive Director. Age is 44. Date of change is 15 January 2025. Reason is Due to his other work commitments. Bekanntmachung • Oct 30
XOX Technology Berhad, Annual General Meeting, Nov 22, 2024 XOX Technology Berhad, Annual General Meeting, Nov 22, 2024, at 10:30 Singapore Standard Time. Location: lot 4.1, 4th floor, menara lien hoe, no. 8, persiaran tropicana, tropicana golf & country resort, 47410 petaling jaya, selangor darul ehsan, Malaysia Board Change • Oct 23
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent and Non Executive Director Charissa Lim was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Bekanntmachung • Oct 18
XOX Technology Berhad Appoints Halmi Bin Khalid as Executive Director XOX Technology Berhad announced the appointment of DATUK HALMI BIN KHALID as Executive Director. Age 43, Date of change 18 October 2024. Qualifications Masters Corporation Management Universiti Malaysia Pahang, Working experience and occupation Datuk Halmi bin Khalid (Datuk Halmi) professional career began in 2009 when he took on the role of Operations Manager at Tanjung Offshore Services Sdn. Bhd. His sharp business instincts and leadership qualities soon led him to establish Caratech Sdn. Bhd. in 2010, where he assumed the role of Managing Director.Datuk Halmi broadened his business interests into new sectors. In 2012, he became a Shareholder (13.3%) of Deleum Technology Solutions Sdn. Bhd., where he played a pivotal role in securing high-value contracts with Petronas Carigali Sdn. Bhd. Datuk Halmi's business expertise also extends to the automotive industry, where he holds a directorship at APD (M) Sdn. Bhd., contributing to the supply of customised vinyl designs, auto insurance services, vehicle registration solutions, and automotive accessories for local manufacturers. In addition to his business achievements, Datuk Halmi is deeply committed to community service and youth development. His personal passion for motorsports led to the establishment of the APD Crew Circuit at MAEPS Serdang in 2022. His commitment to fostering youth empowerment through motorsports is further reflected in his role as President of Kelab Sukan Bermotor Aksi Pecutan Dinamik, an organisation that is an affiliate member of the Motorsports Association of Malaysia (MAM). New Risk • Sep 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM40.2m (US$9.20m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (RM40.2m market cap, or US$9.20m). Reported Earnings • Sep 04
Full year 2024 earnings released: EPS: RM0.007 (vs RM0.002 in FY 2023) Full year 2024 results: EPS: RM0.007 (up from RM0.002 in FY 2023). Revenue: RM185.7m (up 78% from FY 2023). Net income: RM6.58m (up 300% from FY 2023). Profit margin: 3.5% (up from 1.6% in FY 2023). The increase in margin was driven by higher revenue. New Risk • Jul 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Malaysian stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Market cap is less than US$10m (RM44.7m market cap, or US$9.54m). Bekanntmachung • Jun 08
XOX Technology Berhad Announces Appointment of Sandraruben A/L Neelamagham as Executive Director XOX Technology Berhad announced the appointment of MR SANDRARUBEN A/L NEELAMAGHAM as Executive Director. Date of change is June 7, 2024. Age is 37. Nationality: Malaysia. Qualifications: Degree in Bachelor of Laws (LL.B)(Hons) from Universiti Kebangsaan Malaysia, Malaysia; Diploma in International Commercial Arbitration from The Chartered Institute of Arbitrators (CIArb). Working experience and occupation: Mr. Sandraruben A/L Neelamagham (Mr. Sandraruben) read law at Universiti Kebangsaan Malaysia and was admitted as an advocate and solicitor of the High Court of Malaya in 2011. Additionally, Mr. Sandraruben has was also awarded a Diploma in International Commercial Arbitration by The Chartered Institute of Arbitrators (CIArb) on 14 October 2018. Mr. Sandraruben is previously the Managing Partner of Messrs Ahmad Deniel, Ruben & Co., a legal practice which he established in 2012 which has now developed into a mid-sized law firm in Malaysia. Apart from being the Managing Partner, Mr. Sandraruben previously heads the Corporate Department of the firm. Mr. Sandraruben is well versed in a variety of legal practice which include Commercial Litigation, Corporate & Commercial Drafting, Trust & will, Intellectual Property and Construction Law. Mr. Sandraruben is also a Fellow with The CIArb and a Member of The Malaysian Institute of Arbitrators (MIArb). Additionally, Mr. Sandraruben is also a registered Trademark Agent with the Intellectual Property Corporation of Malaysia (MyIPO) and a Certified Company Secretary in Malaysia. Along with his corporate advisory work for a number of public listed companies as well as international companies, Mr. Sandraruben has appeared in all tiers of the Malaysia Courts, representing clients in various commercial and civil disputes ranging from tortious liabilities, shareholder disputes and corporate restructuring proceedings. Mr. Sandraruben further holds the position as a Director in Selcare Pharmacy Sdn. Bhd., a subsidiary of SELGATE Corporation Sdn. Bhd., which manages and supplies pharmaceutical products to the network of Selcare Clinic, corporate clients and customers. Directorships in public companies and listed issuers (if any)” Heitech Padu Berhad;Key Alliance Group Berhad. Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: RM0.01 (vs RM0 in FY 2023) Full year 2024 results: EPS: RM0.01 (up from RM0 in FY 2023). Revenue: RM167.4m (up 91% from FY 2023). Net income: RM8.60m (up RM8.69m from FY 2023). Profit margin: 5.1% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Bekanntmachung • May 16
XOX Technology Berhad Announces Resignation of AZRIL BIN ALIUDDIN as Chief Executive Officer XOX Technology Berhad announced the resignation of ENCIK AZRIL BIN ALIUDDIN, aged 45, as Chief Executive Officer, Due to his other work commitments. Date of change is 15 May 2024. Bekanntmachung • Apr 30
XOX Technology Berhad Announces the Resignation of Miss Fan Yoke Ying, as Independent and Non Executive Director XOX Technology Berhad announced the Resignation of Miss Fan Yoke Ying, age 33, as Independent and Non Executive Director, Due to other personal commitment, effective from April 29, 2024. Reported Earnings • Feb 27
Third quarter 2024 earnings released: EPS: RM0.001 (vs RM0.001 in 3Q 2023) Third quarter 2024 results: EPS: RM0.001 (in line with 3Q 2023). Revenue: RM46.5m (up 53% from 3Q 2023). Net income: RM682.0k (down 35% from 3Q 2023). Profit margin: 1.5% (down from 3.4% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Bekanntmachung • Dec 18
XOX Technology Berhad Announces Demise of Datuk Chai Woon Chet, Non Independent and Non Executive Director and Member of Audit, Remuneration and Nomination Committee XOX Technology Berhad announced the demise of Datuk Chai Woon Chet, Non Independent and Non Executive Director and Member of Audit, Remuneration and Nomination Committee of the company. Age: 44. Date of change: December 16, 2023. Composition of Audit Committee (Name and Directorate of members after change): Mr. Yong Ket Inn (Chairman/Independent Non-Executive Director) and Mr. Chen Chee Peng (Member/Independent Non-Executive Director). Composition of Nomination Committee (Name and Directorate of members after change): Mr. Chen Chee Peng (Chairman/Independent Non-Executive Director) and Mr. Yong Ket Inn (Member/Independent Non-Executive Director). Composition of Remuneration Committee(Name and Directorate of members after change): Mr. Yong Ket Inn (Chairman/Independent Non-Executive Director) and Mr. Chen Chee Peng (Member/Independent Non-Executive Director). Reported Earnings • Nov 30
Second quarter 2024 earnings released: EPS: RM0.003 (vs RM0.003 in 2Q 2023) Second quarter 2024 results: EPS: RM0.003 (in line with 2Q 2023). Revenue: RM43.6m (up 151% from 2Q 2023). Net income: RM2.52m (up 8.2% from 2Q 2023). Profit margin: 5.8% (down from 13% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Nov 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: RM44.7m (US$9.37m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (RM44.7m market cap, or US$9.37m). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 24
First quarter 2024 earnings released: EPS: RM0.002 (vs RM0 in 1Q 2023) First quarter 2024 results: EPS: RM0.002 (up from RM0 in 1Q 2023). Revenue: RM33.3m (up 103% from 1Q 2023). Net income: RM1.99m (up RM1.73m from 1Q 2023). Profit margin: 6.0% (up from 1.5% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: RM0 (vs RM0.007 loss in FY 2022) Full year 2023 results: EPS: RM0 (improved from RM0.007 loss in FY 2022). Revenue: RM88.2m (up 28% from FY 2022). Net loss: RM80.0k (loss narrowed 99% from FY 2022). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 03
Third quarter 2023 earnings released: EPS: RM0.001 (vs RM0.001 in 3Q 2022) Third quarter 2023 results: EPS: RM0.001 (in line with 3Q 2022). Revenue: RM30.4m (up 41% from 3Q 2022). Net income: RM1.05m (up 130% from 3Q 2022). Profit margin: 3.4% (up from 2.1% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 23
Second quarter 2023 earnings released: EPS: RM0.003 (vs RM0.001 in 2Q 2022) Second quarter 2023 results: EPS: RM0.003 (up from RM0.001 in 2Q 2022). Revenue: RM17.4m (down 20% from 2Q 2022). Net income: RM2.33m (up 412% from 2Q 2022). Profit margin: 13% (up from 2.1% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Aug 27
First quarter 2023 earnings released: EPS: RM0 (vs RM0.003 loss in 1Q 2022) First quarter 2023 results: EPS: RM0 (up from RM0.003 loss in 1Q 2022). Revenue: RM16.4m (up 19% from 1Q 2022). Net income: RM288.0k (up RM2.21m from 1Q 2022). Profit margin: 1.8% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Bekanntmachung • Jul 30
XOX Technology Berhad, Annual General Meeting, Aug 25, 2022 XOX Technology Berhad, Annual General Meeting, Aug 25, 2022, at 10:00 Singapore Standard Time. Location: Level 13, Menara Lien Hoe, No. 8, Persiaran Tropicana, Tropicana Golf & Country Resort, 47410 Petaling Jaya, SELANGOR DARUL EHSAN Malaysia Agenda: To consider Payment of Directors' Fees and Directors' Benefits for the financial period ended 31 March 2021;to consider Payment of Directors' Benefits for the financial year ended 31 March 2022;to consider Payment of Directors' Benefits for the financial year ending 31 March 2023;to consider Payment of Directors' Fees and Directors' Benefits for the financial year ending 31 March 2024;to consider Re-election of Mr. Chew Shin Yong, Mark;to consider Re-election of Mr. Ng Kok Heng;to consider Re-appointment of Auditors;to consider Authority to Allot and Issue Shares pursuant to Sections 75 and 76 of the Companies Act 2016;and to consider Proposed Renewal of Existing Shareholders' Mandate. Reported Earnings • Jun 02
Full year 2022 earnings released: RM0.007 loss per share (vs RM0.01 loss in FY 2021) Full year 2022 results: RM0.007 loss per share (up from RM0.01 loss in FY 2021). Revenue: RM67.6m (up 41% from FY 2021). Net loss: RM5.87m (loss narrowed 12% from FY 2021). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Bekanntmachung • Jun 01
XOX Technology Berhad Announces Resignation of Thong Pui Yee as Company Secretary XOX Technology Berhad announced resignation of THONG PUI YEE as Company Secretary. date of change is 31 May 2022. Executive Departure • Jul 13
Independent Non-Executive Director Kooi Lim has left the company On the 30th of June, Kooi Lim's tenure as Independent Non-Executive Director ended after 6.6 years in the role. We don't have any record of a personal shareholding under Kooi's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 1.50 years, which is considered inexperienced in the Simply Wall St Risk Model. Bekanntmachung • Mar 03
M3 Technologies (Asia) Berhad Announces Redesignation of Nicholas Wong Yew Khid from Non-Independent Director to Executive Director M3 Technologies (Asia) Berhad announced Redesignation of Nicholas Wong Yew Khid from Non-Independent Director to Executive Director, effective from March 01, 2021. Reported Earnings • Feb 28
Full year 2020 earnings released: RM0.009 loss per share (vs RM0.017 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: RM44.8m (up 20% from FY 2019). Net loss: RM5.71m (loss narrowed 44% from FY 2019). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Executive Departure • Feb 27
Independent Non-Executive Director has left the company On the 22nd of February, Boon Yeoh's tenure as Independent Non-Executive Director ended after 6.2 years in the role. We don't have any record of a personal shareholding under Boon's name. A total of 3 executives have left over the last 12 months. Bekanntmachung • Feb 26
M3 Technologies (Asia) Berhad Updates on Memorandum of Collaboration Entered Between M3tech and At Engineering Solution Sdn. Bhd M3 Technologies (Asia) Berhad announces that the MOC made between the Company and ATES for the purpose of collaboration in the supply and provision of digital signage hardware and software enhancements to anti-epidemic integrated disinfection chambers. The Board of Directors of the Company announced that the collaboration is still on-going and there is no material development on the status of the MOC. Executive Departure • Feb 17
Founder, MD & Executive Director Seng Lim has left the company On the 11th of February, Seng Lim's tenure as Founder, MD & Executive Director ended after 21.7 years in the role. As of December 2020, Seng personally held 81.29m shares (RM5.3m worth at the time). A total of 2 executives have left over the last 12 months. Bekanntmachung • Feb 13
M3 Technologies (Asia) Berhad Announces Resignation of Lim Seng Boon as Managing Director M3 Technologies (Asia) Berhad announced resignation of Mr. Lim Seng Boon as Managing Director of the company. Date of change is February 11, 2020. Reported Earnings • Nov 28
Third quarter 2020 earnings released: RM0.003 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: RM11.9m (up 36% from 3Q 2019). Net loss: RM1.75m (loss narrowed 20% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Bekanntmachung • Nov 27
M3 TECHNOLOGIES (ASIA) BERHAD Announces MOC With AT ENGINEERING SOLUTION SDN. BHD Further to the M3 TECHNOLOGIES (ASIA) BERHAD's announcements made on 25 August 2020 pertaining to the MOC made between the Company and AT ENGINEERING SOLUTION SDN. BHD. for the purpose of collaboration in the supply and provision of digital signage hardware and software enhancements to anti-epidemic integrated disinfection chambers. The Board of Directors of the Company announced that the collaboration is still on-going and there is no material development on the status of the MOC. 
