OTHERS FIRE INCIDENT AT EFB'S WHOLLY OWNED SUBSIDIARY (EVERGREEN FIBREBOARD (JB) SDN BHD) IN SEGAMAT, JOHOR.

FIRE INCIDENT AT EFB'S WHOLLY OWNED SUBSIDIARY (EVERGREEN FIBREBOARD (JB) SDN BHD) IN SEGAMAT, JOHOR.

Pursuant to our announcement on 13 December 2021, the Board of Directors would like to provide further clarification as follows:

1. Evergreen Fibreboard (JB) Sdn Bhd (EJB) is a wholly-owned subsidiary of Evergreen Fibreboard Bhd with operations in Pasir Gudang and Segamat, Johor. 
2. The fire incident which occurred on 11 December 2021 happened in its Segamat premise, had damaged the wood fibre storage bin. Aside from this storage bin, the fire did not damage other sections of EJB's machineries which are currently in operations. 
3. As the cause of the fire in the wood fibre storage bin is still under investigation by the Fire Brigade's forensic department, Management will commence repair works immediately after the Fire Brigade completes their investigation. It is estimated that the cost of repairs will not exceed RM500,000.
4. EJB's Segamat operations contributes less than 5% to the Group's turnover. Potential profit foregone from the downtime is estimated to be around RM100,000, based on the duration of downtime expected for repair works. Therefore, based on above estimates, the temporary disruption to EJB's Segamat operations is not expected to have any significant impact on the Group's financial result for the financial year 2021.

This announcement is dated 14 December 2021.