TRIO IND ELEC (01710): Due diligence is still ongoing, and no final agreement has been entered into in respect of the potential transaction.

TRIO IND ELEC (01710) announced that, pursuant to the memorandum of understanding, the potential seller shall use its best endeavors to procure and assist the potential buyer in conducting due diligence on the Group during the exclusivity period. The exclusivity period is two months from the date of execution of the memorandum of understanding. As at the date of this announcement, the due diligence is still ongoing, and no final agreement has been entered into in respect of the potential transaction, nor has the potential seller received any notice from the potential buyer of its intention not to continue negotiations in respect of the potential transaction.