The Board of Directors of New Wave Holdings Ltd. announced that in compliance with the Malaysian Government's nationwide Movement Control Order ("MCO") as part of the measures to curb the spread of the COVID-19 with effect from 18 March 2020, all the Group's factory and office premises in Malaysia's Johor and Penang were closed accordingly and all factory operations temporarily stopped, with employees in the administrative and accounts function working from home where necessary. As the MCO was extended from 31 March 2020 to 14 April 2020, company's Malaysian operations will remain closed during the stipulated period. The administrative and accounts staff will continue to provide the relevant support to the Group from their homes. The Group will resume its business operations in Malaysia after the expiry of the MCO, subject to any further directive from the Malaysian Government.