|The Board of Directors of JADI wishes to announce that its wholly-owned subsidiary, Jadi Imaging Technologies Sdn. Bhd. (“JITSB”), had, on 8 May 2009, incorporated a subsidiary known as Jadi Chemicals Sdn Bhd (“JCSB”). Subsequent thereto, JCSB became a subsidiary of the Company.
The authorised share capital of JCSB is RM100,000.00 divided into 100,000 ordinary shares of RM1.00 each of which two (2) ordinary shares of RM1.00 each have been issued and fully paid up.
JITSB and Ms. Lee Huey Fen own one share each in JCSB.
JCSB has yet to commence operations but its intended principal activity is to engage in the business of manufacturing imaging materials.
None of the Directors and/or major shareholders of the Company or persons connected to them have any interest, direct or indirect, in the aforesaid incorporation.
This announcement is dated 12 May 2009.