PNE PCB Berhad announced further to announcements made by the company on 22 February 2016, 30 August 2016, 30 November 2016, 31 May 2017, 29 August 2017, 27 November 2017, 13 February 2018, 25 May 2018, 27 August 2018, 21 November 2018, 27 February 2019, 28 May 2019, 29 August 2019, 25 November 2019, 26 February 2020, 29 June 2020, 26 August 2020, 25 November 2020, 25 February 2021, 28 May 2021, 25 August 2021 and 22 November 2021 pertaining to the Memorandum of Understanding entered into between PNE PCB BERHAD (PNE) and JIANGYOU STARTEAM ELECTRONIC TECHNOLOGY CO., LTD. (JYST) to record their intention to enter into a collaboration for the sales and marketing of multi layers printed circuit board business ("MOU"), the Board of Directors of PNE to inform that there is no material development to the MOU since the last announcement.