Nexgram Group entering Strategic Partnership & Distribution Agreement with Jiangsu Tongguang Optical Fiber Cable Co. Limited (China) [29 Mar 2018]

Further to the announcement made on 12 March 2018. The Board of Directors of the Nexgram Holdings Berhad (‘the Company’ or ‘Nexgram’) wish to announce that on 29 March 2018, Nexgram Industries Sdn Bhd, the wholly owned subsidiary of the Company had entered into a formal agreement Strategic Partnership & Distribution Agreement (“SPDA”) with Jiangsu Tongguang Optical Fiber Cable Co., Limited (“JTOCC”), the subsidiary of Jiangsu Tongguang Electronic Wire & Cable Co. Ltd. (“JTEWCC”) (a company listed in Shenzen, China).

The SPDA is valid for the duration of one (1) year from date of the signing. SPDA has specifically covered on parties will carry out all-round operations in the field of Communications Cables, Radio-frequency coaxial cables, High Temperature Resistant Wires and Cables for Aerospace, Aluminium-Alloy Electrical Cables, Submarine Optical Fiber Cables and other optical cable along power transmission line (4G,5G), including products research and development, distributions, projects joint venture, maintenances & supports, and others strategic partnership co-operations in Southeast Asia countries, Malaysia will be the main distribution hub.

This announcement is dated 29 March 2018.