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JUKEN TECHNOLOGY LIMITED

33 Loyang Way Singapore 508731


Tel: 65- 6542 3033 Fax: 65- 6542 3393

Juken’s FY2009 Net Profit Soars To


S$1,173,000 From S$46,000 in
FY2008
 Group benefits from pent-up demand for auto components,
particularly in 2HFY09, and improved cost efficiencies

 Proposes first and final dividend of 0.13 cent per share, representing
a payout ratio of approximately 24% of FY2009 net profit

 Expects 1HFY10 performance to be better than that of 1HFY09

S$’000 FY2009 FY2008 Change 2H09 2H08 Change


31 Dec S$’000 S$’000 S$’000 S$’000
Turnover 45,417 49,502 8.3% 26,812 25,979 3%
Net Profit 1,173 46 2,450% 1,107 (236) 569%
EPS (cent) 0.69 0.03

SINGAPORE, 23 February 2010 – SGX-listed Juken Technology Limited (“Juken” or


“the Group”) announced today that its net profit after tax for the financial year ended 31
December 2009 (“FY2009”) soared to S$1,173,000 from S$46,000 in FY2008 on pent-up
demand for auto components in the second half and improved cost-efficiencies.

The manufacturer of high-precision plastic moulding components said the 25-fold increase
in the bottom-line was achieved despite a 8.3% decline in revenue to S$45.4 million in
FY2009 from S$49.5 million a year earlier due to weak global demand in the January-June
2009 (“1HFY09”) period.

Strong recovery and pent-up demand lifted 2HFY09 net profit to S$1,107,000, reversing
sharply from a loss of S$236,000 in 2HFY08 on revenue of S$26.8 million and S$25.9
million, respectively. Juken had reported a net profit of S$66,000 on turnover of S$18.6
million in 1HFY09.

While 2HFY09 recovery was broad-based, the auto business – its main revenue and profit
contributor – was significantly lifted by a recovery in sections of the US and European
market, strong growth in the PRC, and a new production programme in Malaysia. The
camera business in Thailand also recovered sharply in 2HFY09 after a weak 1HFY09.

The Group’s recently acquired 60%-owned Micro-Air (Tianjin) Technology Co., Ltd., a
previously loss-making specialist in coating of plastic car-lamp reflectors based in northern
PRC, began contributing profits in FY2009, as did the Group’s facility in Noida, India,
which had begun operations in 2006.

Juken’s net profit also benefited from reduced staff and material costs, lower operating
expenses as well as finance charges due to lower interest rates.
Media Release – Juken’s FY2009 Net Profit Soars To S$1,173,000 From 46,000 In
FY2008
23 February 2010
Page 2 of 3
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Earnings per share based on weighted average number of shares rose to 0.69 cents in
FY2009 from 0.03 cents in FY2008. Net asset value per share rose to 23.82 cents at the
end of FY2009 from 22.49 cents at the end of FY2008.

The Group has proposed a first and final dividend of 0.13 cent per share, representing a
payout ratio of approximately 24% of the net profit of FY2009.

The growth in the PRC auto market – now the largest in the world – and the recovery of
the U.S. and European markets since 2HFY09 are expected to continue through FY2010,
said Juken’s Executive Chairman Mr Wong Keng Yin. “With our manufacturing footprint in
Northern PRC (Tianjin) and Southern PRC (Zhuhai, Hong Kong and Macau), we are well-
positioned to benefit from the growth in the PRC auto sector.”

Juken has announced plans (subject to shareholder approval) to acquire the


manufacturing facilities including machineries and equipment, inventories and intangible
assets from Microcomponents Ltd of Switzerland and Zhuhai SMH Watchmaking Co., Ltd
of China, two subsidiaries of the Swatch Group Ltd .The acquisitions will provide strong
R&D and production capabilities which will transform Juken into a world leader in the
manufacture of stepper motors.

Juken is seeking to leverage its manufacturing network in the PRC and Indian auto
markets to produce stepper motors and car clocks for car manufacturers in these
countries. Elsewhere, the recovery momentum experienced in Malaysia, Thailand and
India is expected to continue in FY2010, Juken said.

The Group will continue to explore opportunities in other markets and other industries to
accelerate future growth.

“With ongoing cost and operational improvement, earnings accretion from recent
acquisitions and pent-up demand for auto components, we expect that Juken’s turnover
and net profit for 1HFY10 will perform better than that of 1H2009,” Mr Wong added.

Subsequent to the end of FY2009, the Group completed a renounceable rights issue of
approximately 82.4 million new shares which raised net proceeds of approximately S$3.0
million, to be used for general working capital, largely to tap the huge potential in PRC.

~ End ~

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Media Release – Juken’s FY2009 Net Profit Soars To S$1,173,000 From 46,000 In
FY2008
23 February 2010
Page 3 of 3
________________________________________________________________________

About Juken Technology Limited

With more than 20 years of track record, Juken Technology specialises in


manufacturing a wide variety of precision moulded plastic components that require a
high degree of accuracy and durability which are used in automotive, cameras, office
equipment, utility meters and data storage, as well as medical and household /
industrial appliances.

In addition, Juken Technology has in-house capabilities for designing and fabricating
precision plastic injection moulds. The Group enjoys access to the advanced
technology of its major shareholder, Juken Kogyo Co., Ltd, a specialist precision
plastic component designer and manufacturer in Japan.

Juken Technology has a diversified, global customer base comprising original


equipment manufacturers (OEMs) like Continental, Bosch, Magna Group, Stoneridge,
Yazaki, Visteon as well as multinational brands such as Sony, JVC, Brother, Sharp,
Pioneer, Canon, Olympus, Nikon and Pentax.

One of Juken Technology's key strengths lies in the quality of its products and
services. The Group's 8 production facilities in Singapore, Malaysia (Johor Bahru and
Kuala Lumpur), Thailand (Bangkok), the PRC (Zhuhai and Tianjin), India (New Delhi)
and Indonesia (Jakarta) are located close to its customers to reduce turnaround time.
Adhering to stringent quality standards, all our manufacturing entities are ISO-certified.

For more information, visit: www.jukentech.com

Juken Technology Limited contact:

Juken Technology Limited


33 Loyang Way
Singapore 508731
Tel: 65- 6542 3033
Fax: 65- 6542 3393

Investor Relations contact:

WeR1 Consultants Pte Ltd


29 Scotts Road
Singapore 228224
Tel: (65) 6737 4844, Fax: (65) 6737 4944
Lai Kwok Kin, laikkin@wer1.net or May Barza, mabarza@wer1.net

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