The Board of Directors of Cheung Woh Technologies Ltd. announced that its factories in Johor and Penang, Malaysia (the "Factories") have been closed from 18 March 2020 until the Movement Control Order ("MCO") is lifted. The closure is expected to impact the production activities in the Factories. Applications for approval to resume operations during this MCO period have been submitted to the Ministry of International Trade & Industry, Malaysia. The Factories will resume operations when approval is granted.