Media Statement/Announcement
Further Update on Group's Manufacturing Operations in Malaysia
SINGAPORE, 23 March 2020:
Following its earlier update on March 20, 2020, SGX Mainboard-listed UMS Holdings Limited ("UMS" or "The Group") has today announced another update on the Group's manufacturing operations in Malaysia.
In compliance with the Malaysian Government's movement control order (MCO) nationwide, starting from 18 March 2020 to 31 March 2020 to address the Covid-19 outbreak. the Group's Penang factory will remain closed until 31 March 2020 as it has not received approval for its application to resume operations during this MCO period from MITI (Ministry of International Trade & Industry).
The Group will continue to adhere to the directives from the government of Malaysia.
The Group's factory in California, USA will stay closed in compliance with the California State's "Stay at Home" Executive Order in the USA issued on March 19, 2020. The resumption of operations will be subject to further government directives
The temporary halt is not expected to have any significant material financial impact on the Company.
Production facilities in Singapore will remain operational.
The Group will continue to closely monitor the Covid-19 situation and shall keep shareholders informed of any material developments as and when they arise.
About UMS Holdings Limited
Incorporated in Singapore on January 17, 2001, UMS Holdings Limited is a one-stop strategic integration partner providing equipment manufacturing and engineering services to Original Equipment Manufacturers of semiconductors and related products. The Group is in the business of front-endsemi-conductor equipment contract manufacturing and is also involved in complex electromechanical assembly and final testing devices. The products we offer include modular and integration system for original semiconductor equipment manufacturing. Other industries that we also support include the electronic, machine tools and oil and gas. Headquartered in Singapore, the Group has production facilities in Singapore, Malaysia and California, USA.
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Issued on behalf of UMS Holdings Limited
For more information, please contact:
Ms. Tham Moon Yee -tmy@stratagemconsultants.com
Mr. Soh Tiang Keng -tksoh@stratagemconsultants.com
Mr Asri Bamadhaj -asri@stratagemconsultants.com
Stratagem Consultants Pte Ltd:
Tel: 65- 6227 0502
Fax: 65- 6227 5663
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