InnoTek Limited

1 Finlayson Green, #15-02, Singapore 049246. Tel: (65) 6535 0689 Fax: (65) 6533 2680
Reg. No. 199508431Z

SGX-Listed InnoTek 2Q’10 Net Profit

Rises 29.3% To S$5.7 Million
• Revenue of wholly owned Mansfield Manufacturing Company Ltd. rises
18.8% to $110.5 million in 2Q’10 from S$93.1 million in 2Q’09 on higher
sales of TV components

• 1H’10 EPS rises to 3.99 cents, up 156% from 1.56 cents in 1H’09

• Financial position remains strong – Group net cash position of S$58.0

million as at 30 June 2010. Group also holds 18.4 million treasury shares as
part of its share buyback programme to enhance shareholder value

• In absence of any deterioration of business conditions, the Directors

expect improvements in year-on-year performance for 3Q’10 and 2H’10

June 30 2Q’10 2Q’09 Change 1H10 1H09 Change

S$’000 S$’000 % S$’000 S$’000 %
Turnover
MSF 110,537 93,061 18.8 204,106 176,698 15.5
Net Profit 5,700 4,409 29.3 9,188 3,630 153.1
MSF 5,602 7,025 (20.3) 9,703 3,783 156.5
Corporate 98 (2,616) NM (515) (153) (236.6)
Basic EPS
2.50 1.89 32.3 3.99 1.56 155.8
(cents)

SINGAPORE, 12 August 2010 – InnoTek Limited (“InnoTek” or “the Group”)

announced today that its net profit after tax for the April-June 2010 (“2Q’10”) period
rose 29.3% to S$5.7 million from S$4.4 million in 2Q’09, as its subsidiary Mansfield
Manufacturing Company Limited (“MSF”) continued to grow strongly following
recovery since the second half of 2009.

SGX Mainboard-listed InnoTek said the net profit was achieved on the back of
revenue to S$110.5 million in 2Q’10, an increase of 18.8% from S$93.1 million in
2Q’09, mainly due to higher revenue from MSF, its wholly owned precision
components subsidiary whose sales of Flat Panel TV components improved.

Despite higher revenue, MSF’s net profit in 2Q’10 of S$5.6 million was S$1.4 million
lower than in 2Q’09 (when it reversed S$2.4 million for bad and doubtful debts
provided in 1Q’09 due to the financial crisis and credit crunch). Without this reversal
MSF’s 2Q’10 profit would have been S$1.0 million higher than that of 2Q’09.
 Media Release – SGX-listed InnoTek 2Q’10 Net Profit
Rises To S$5.7 Million
12 August 2010
Page 2 of 3
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Revenue from the precision metal components and sub-assembly segment rose
to S$99.2 million in 2Q’10 from S$83.6 million in 2Q’09. Apart from higher sales
of TV components, frame sales from its Dutch subsidiary Exerion Precision
Technology Holding B.V. rose to S$11.3 million in 2Q’10 from S$9.5 million in
2Q’09 due to higher demand for printing and medical equipment components.

At the Company level, InnoTek recorded a corporate gain of S$0.1 million in

2Q’10 compared to a loss of S$2.6 million in 2Q’09 (when it recorded a foreign
exchange loss of S$2.5 million due to the weakening of the US dollar).

For the six months ended 30 June 2010 (“1H’10”) net profit after tax rose to
S$9.2 million from S$3.6 million in 1H’09, on revenue of S$204.1 million, a 15.5%
increase from S$176.7 million, respectively.

Earnings per share rose to 3.99 cents in 1H’10 from 1.56 cents in 1H’09. Net
asset backing per share as at 30 June 2010 stood at 85.4 cents compared to
87.7 cents at 31 March 2010. This was mainly due to the payment of dividend in
May 2010 amounting to S$11.4 million or 5 cents per share.

The Group’s financial position remains healthy. As at 30 June, its cash and cash
equivalents stood at S$98.8 million. With total borrowings of S$40.8 million, its
net cash position amounted to S$58.0 million or 25.5 cents per share.

The Group also holds 18.4 million treasury shares with an average cost of
S$0.50 per share, as part of its share buyback programme to enhance
shareholder value.

Commenting on the outlook, InnoTek directors believe the recovery in business

since the second half of FY09 is expected to remain flat for the rest of FY10.

“In the absence of any deterioration of business conditions, the Group’s 3Q’10
performance is expected to exceed that of 3Q’09 while that of 2H’10 will improve
over 2H’09,” said InnoTek Group Managing Director Mr Yong Kok Hoon.

“The Group will continue to actively pursue appropriate merger and acquisitions
opportunities. We will maintain our cautious stance, focusing on earnings-
accretive businesses, and stringently evaluate feasible investment proposals,”
Mr. Yong added.

## End of Release ##

2
 Media Release – SGX-listed InnoTek 2Q’10 Net Profit
Rises To S$5.7 Million
12 August 2010
Page 3 of 3
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About InnoTek Limited

Singapore Exchange MainBoard-listed, InnoTek Limited (together with its subsidiaries

“the Group”) is a precision metal components manufacturer, serving the consumer
electronics, office automation and automotive industries.

With over 10 manufacturing facilities across China and Europe, the Group’s wholly
owned subsidiary, Mansfield Manufacturing Company Limited (“MSF”), provides
precision metal stamping, commercial tool and die fabrications, sub-assembly work and
frame manufacturing services to a strong and diversified base of Japanese and
European end-customers.

For more information, visit: www.innotek.com.sg

InnoTek Limited contact:

InnoTek Ltd
1 Finlayson Green,
#15-02, Singapore 049246
Tel: (65) 6535 0689, Fax: (65) 6533 2680
Linda Sim, lindasim@innotek.com.sg
Yong Kok Hoon, khyong@innotek.com.sg

Investor relations contact:

WeR1 Consultants Pte Ltd

29 Scotts Road
Singapore 228224
Tel: (65) 6737 4844, Fax: (65) 6737 4944
Amy Yeo, amyyeo@wer1.net;
Josephine Auxilio, josephine@wer1.net