Angka-Tan Motor Sdn Bhd, a wholly-owned subsidiary of the Company, entered into a Distribution Agreement and Technical Assistance Agreement with Beiqi Foton Motor Co Ltd (“BFM”) for the appointment as sole and exclusive assembler and distributor of Auman heavy duty trucks, after sales service provider as well as parts and accessories distributor in Malaysia.

Besides Auman heavy duty trucks, ATM also entered into a Distribution Agreement with BFM for the appointment as sole and exclusive assembler and distributor of Auman bus chassis / complete bus of such contractual model(s) to be mutually agreed between the parties, after sales service provider as well as parts and accessories distribution in Malaysia.