DRB-HICOM announced that HICOM-Teck See Manufacturing Malaysia Sdn Bhd ("HTS") had on 29 January 2019 entered into a Shareholders Agreement ("SA") with Jiangsu Xinquan Automotive Trim Co. Ltd. ("XQ") to form a joint venture company ("JVCO") in Malaysia to design, develop and manufacture instrument panel, floor consoles and door trims and related components for vehicles ("Proposed Joint Venture"). HTS is a 51%-owned subsidiary company of HICOM Holdings Berhad which in turn is a wholly-owned subsidiary company of DRB-HICOM.