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  • www.nink-cs.com
  • June 28, 2021
  • 0
  • News

NAMI Corp., via Its Wholly-owned Subsidiary, Receives Sea Sand Supply Contract


Kuala Lumpur, Malaysia, 28 June 2021 — NAMI Corp., via its wholly-owned subsidiary SBS Mining Corporation Sdn Bhd (“SBS”), a private limited company incorporated in Malaysia (SBS and NAMI Corp., the “Group”) received an acceptance contract order value of USD37,500,000-00 to supply sea sand to China, the Shenzhen-Hainan reclamation project from Royal Resources Pte Ltd on 30th December 2020. The parties are in the process of finalizing the Sales and Purchase Agreement.

The Group in a joint venture with JHW Holdings Sdn Bhd, a private limited company incorporated in Malaysia (“JHW”; and together with SBS and NAMI Corp., the “Core Group”) is now setting up the preparation for the sand mining operation in compliance to the mining licence stringent rules and regulation. The Group expects to ship out the first batch of shipments of sea sand in the 3rd Quarter of 2021.

The Group is committed to complying with all regulatory requirements in the countenance of encompassing and emboldening socio-environmental development.

The offshore sea sand concession site is located on the east coast of Peninsular Malaysia, occupying an area spanning 20.57km², within the jurisdiction of the state of Terengganu, Malaysia.

| About NAMI Corp.

NAMI Corp. (OTC Pink: NINK), via its operating subsidiaries, is principally engaged in the acquisition, exploration, discovery, development, mining, and production of mineral resources and properties, specifically, bauxite, sea sand, river sand and granite. NAMI Corp.’s expertise in the field places it at the forefront of the industry. Gearing up to be a regional player, NAMI Corp. is committed to creating sustainable growth through responsible mining and delivering results to stakeholders.

Information about NAMI Corp. is available at http://www.nink-cs.com

For Investor Relations:
ir@nami-corp.com

Registered office:
112 North Curry Street, Carson City, 89703-4934

Subsidiary office:
SBS Mining Corporation Sdn Bhd 1, 1st Floor, Lorong Sekilau 1, Bukit Sekilau, 25200 Kuantan, Pahang Darul Makmur, Malaysia

Affiliate Office:
To be updated

| Forward-Looking Statements

The statement included in this press release, other than statements of historical facts, are forward-looking statements. Forward-looking statement generally can be identified by the use of forward-looking terminology such as may, will, expect, intend, estimate, anticipate, plan, seek, or believe. These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations about future event. There are important factors that could causeour actual results, level of activity, performance, or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statement, including, but not limited to our ability to win additional business. Although we believe the expectations reflected in the forward- looking statements are reasonable, we cannot guarantee future result, level of activity, performance, or achievements. You should not rely upon forward- looking statements as predictions of future events. These forward-looking statements apply only as of the date of this press release; as such, they should not be unduly relied upon as circumstances change. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this release or those that might reflect the occurrence of unanticipated events.


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