AVALON : INCORPORATES WHOLLY OWNED SUBSIDIARY ZOLLNER AVALON FOR PCB MANUFACTURING

• Zollner Avalon Private Limited incorporated in India on October 19, 2026; MCA issued Certificate of Incorporation • Company initially 100% wholly owned by Avalon; Zollner to subscribe to equity representing 51% of issued and paid-up capital under the JVA • Avalon subscribes to 9,800 equity shares of ₹10 each; issued and paid-up capital ₹98,000 (authorized capital ₹2 lakh) • Entity to serve as manufacturing and services platform for PCB assembly, box-build, system integration, testing, sourcing, supply-chain coordination and after-sales services • Consideration in cash (bank transfer); business remains within Avalon's main line of Electronic Manufacturing Services

Avalon Technologies Ltd

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