Yx Precious Metals Bhd (Malaysia)

The Company was incorporated in Malaysia under the Companies Act 2016.The Company's principal activity are wholesaling, design and manufacturing of gold jewellery. The other related products and services include sales of scrap and pure gold bars, manufacture of silver chains, and provision of refining services for precious metals.The holding company is Tomei Consolidated Berhad (“Tomei”), a company incorporated in Malaysia. The ultimate holding company is Teck Fong Corporation Sdn. Bhd., a company incorporated in Malaysia.YXG was incorporated in October 1987 under the name of Surego Sdn Bhd, where its directors and shareholders were Leong Kwok Heng and Noraini Binti Harun. Subsequently, the shareholders disposed their respective entire equity interests in YXG to Wong Chee Pank and Tan Poh Lian in November 1987, who also became the directors of YXG.In March 1988, new YXG Shares were issued to new shareholders, Khoo Huah, Lim King Chuan, Chu Law Jin, Ng Yih Chen and Lee Yoke Lin. In December 1988, the directors of YXG were Wong Chee Pank, Chu Law Jin and Ng Yih Chen.In December 1989, YXG changed its name to Singapore Jewellery Sdn Bhd.Wong Chee Pank and Tan Poh Lian disposed their respective entire equity interests in YXG to Ng Yih Chen in 1990 and the directors were Chu Law Jin and Ng Yih Chen.YXG assumed its current name and commenced wholesale of gold jewellery serving trade customers namely jewellery retailers in 1992. Further to the acquisitions of YXG Shares from Khoo Huah, Lim King Chuan, Chu Law Jin and Lee Yoke Lin, the directors and shareholders of YXG in November 1992 were the late Tan Sri Datuk Dr. Ng Teck Fong, Puan Sri Datin Gan Sao Wah @ Gan Sao Eng, Datuk Ng Yih Pyng, Ng Yih Chen and Ng Sheau Chyn.GPM was incorporated in 1997, where its directors were the late Tan Sri Datuk Dr. Ng Teck Fong, Datuk Ng Yih Pyng and Ng Sheau Chyn and shareholders were the late Tan Sri Datuk Dr. Ng Teck Fong and Datuk Ng Yih Pyng.YXG became a wholly-owned subsidiary of TGJH when TGJH acquired the entire equity interest in YXG from the late Tan Sri Datuk Dr. Ng Teck Fong, Puan Sri Datin Gan Sao Wah @ Gan Sao Eng, Datuk Ng Yih Pyng, Ng Yih Chen and Ng Sheau Chyn.In 1998, GPM obtained a manufacturing license from MITI and commenced operations as a manufacturer of jewellery focusing on chain jewellery products in 1999. GPM started manufacturing a range of gold and silver chain jewellery products including box, belcher, cable, curb, double cable and hollow knitted mesh chain designs.GPM also commenced refining of precious metals in 1999, which was mainly for our Group's internal use as part of our jewellery manufacturing process.GPM become a joint venture company in 1999 owned by TGJH, Ratna Unggul Sdn Bhd (“RUSB”), C. Hafner GmbH + Co Gold-und Silberscheide Anstalt (“C. Hafner”) and Eugen Schofer GmbH + Co. KG (“Eugen Schofer”). RUSB is principally an investment holding company and C. Hafner is a German company established in 1850 that specialises in refining and recycling of precious metals, while Eugen Schofer is a German company established in 1904 that specialises in design and manufacturing of jewellery chains.EASB assumed its present name in 2012 and became a direct wholly-owned subsidiary of Tomei when Tomei acquired the entire equity interest in EASB from Tomei Gold & Jewellery (MJ) Sdn Bhd. Part of our business strategies includes providing assaying services for precious metals through EASB. As at the LPD, EASB has not commenced operations.s part of our design and development capabilities, GPM registered 2 industrial designs with Intellectual Property Corporation of Malaysia for linked bead chain jewellery products in 2013. Since then, GPM continued to register 3 more industrial designs for linked bead chain jewellery products and 1 design for casting box chain jewellery product between 2014 and 2018. As at the LPD, 4 out of the 6 registered industrial designs registered by GPM are still valid, while the remaining 2 industrial designs have expired. These chain jewellery products are hand-crafted, where each loop is manually linked by our craftsmen.Schofer Germany disposed its entire equity interests in GPM to Tomei and Tomei became the sole shareholder in GPM. As such, GPM became a wholly-owned subsidiary of Tomei.YXG established its first sales office in Kota Kinabalu, Sabah for its wholesale operations to serve trade customers in East Malaysia. Since 1 June 2021, the said sales office in Sabah has been undertaken by GPM.GPM started using 3D printing technology for jewellery designs, which enabled us to create complex and customised designs and master patterns for investment casting of jewellery items.GPM expanded our hollow gold jewellery range of products through the manufacturing of hollow cable chain.GPM commenced laser engraving technology and mould making for stamping using fibre laser engraving machine. YXG established and commenced an online sales order system for our trade customers to place orders for gold jewellery. GRSB was incorporated as a wholly-owned subsidiary of Tomei. GRSB intends to provide refining services of precious metals. As at the LPD, GRSB has not commenced operations.YXPM was incorporated as a wholly-owned subsidiary of Tomei and principally as an investment holding company.