We started with Gosford Malaysia manufactured and sold automotive covers to the REM market segment, where automotive covers are replaced and/or repaired for used automotive vehicles for car owners, used car dealers, importers, automotive dealers, car accessory retailers and automotive cover installers. It operated out of a manufacturing facility located at Jalan Tun Abdul Razak, Johor Bahru, Johor, Malaysia which had an annual manufacturing capacity of approximately 11,500 meters of automotive cover material. Its manufacturing facility then had 11 sewing machines and its material cutting process was carried out manually. In 2003, Gosford Malaysia began to secure orders for automotive covers from the REM market segment in international markets such as the United Kingdom and New Zealand. In 2004, Gosford Malaysia set up another sales and installation hub in Kuala Lumpur to cater for its customers in Kuala Lumpur and Selangor. Gosford Malaysia began to secure orders for automotive covers from the REM market segment customers in Australia in 2006. Meanwhile, sales from customers in Malaysia continued to grow and its revenues grew from RM1.4 million in the FYE 2003 to RM9.0 million in the FYE 2006. In order to facilitate further expansion of its operations, Gosford Malaysia relocated its manufacturing facility from Jalan Tun Abdul Razak, Johor Bahru, Johor to the Masai Plant in 2006 and acquired 29 new sewing machines. Accordingly, its annual manufacturing capacity increased to approximately 41,800 meters of automotive cover material. Recognising the potential to sell its automotive covers to the REM market segment in Singapore, I set up Gosford Singapore in 2007 to market and sell automotive covers to the REM market segment in Singapore. Gosford Singapore set up a sales and installation hub in Singapore in the same year, which allowed Gosford Singapore to market, sell and install automotive covers manufactured by Gosford Malaysia at the Masai Plant for customers based in Singapore.

Meanwhile, the late Go Yoong Fei also set up Trimex Australia in 2008, to facilitate the marketing and sale of automotive covers to the REM market segment in Australia. Gosford Malaysia began to automate the cutting process when it acquired its first automated cutting machinery in 2007. Gosford Malaysia later acquired another automated cutting machinery in the following year. The automated cutting machineries enabled it to enhance its operational efficiency and with the automatic nesting software integrated with the machineries, Gosford Malaysia was able to optimise the utilisation of its materials. By then, its manufacturing facility had increased to 58 sewing machines. With the acquisition of the new automated cutting machineries, the annual manufacturing capacity of its manufacturing facility increased from approximately 41,800 meters to approximately 263,100 meters of automotive cover material.

In 2009, the late Go Yoong Fei and Ng Yew Chung, who is a relative of the late Go Yoong Fei, set up Trimex Malaysia to grow sales of automotive covers from customers in Kuala Lumpur and Selangor. Subsequently, the sales and installation hub in Kuala Lumpur was relocated to PJ Hub in 2010. Gosford Malaysia secured its first order from the OEM market segment, when it first began to manufacture and supply automotive covers to APM, a Tier 1 automotive seat and/or interior part manufacturer in 2012. The order entailed manufacturing automotive covers for Mazda 3 car models. Gosford Malaysia’s first order from the OEM market segment paved the way for Gosford Malaysia to fulfil other orders from the OEM market segment. Gosford Malaysia subsequently manufactured and supplied automotive covers for Proton Perdana R 2.0 car models in 2015. In 2015, Gosford Malaysia secured its first order from the PDI market segment when it secured an order from Perodua Sales Sdn Bhd, an automotive distributor. Later in the year, Trimex Malaysia secured an order from the PDI market segment from Ilusi Mantap Sdn Bhd, a car accessory retailer. The orders from the PDI market segment entails replacing and restyling automotive covers for automotive vehicles prior to the automotive vehicles being registered, and the customers of this segment include automotive distributors and car accessory retailers.

In 2018, the late Go Yoong Fei transferred all his shares in Trimex Australia to his spouse, Tan Sun Sun. In 2019, I was appointed by the late Go Yoong Fei acting Chief Executive Officer after being identified as the successor to the late Go Yoong Fei. Despite the above changes, the Group’s business continued to grow. Gosford Malaysia acquired additional new automated cutting machineries and sewing machines and by 2020, it had 8 automated cutting machineries and 150 sewing machines, which expanded its annual manufacturing capacity from approximately 263,100 meters to 1.1 million meters of automotive cover material. Gosford Malaysia relocated to the Tampoi Plant in 2020 upon the expiry of the tenancy for the Masai Plant and to cater for its business expansion. In 2021, the Group expanded downstream and ventured into the manufacturing of automotive seats and Feytech SB was incorporated to facilitate this expansion. Feytech SB secured its first contract from Kia Malaysia to manufacture automotive seats for the Kia Carnival car models in the same year. Following the contract, the Group set up Kulim Plant 1 in line with the manufacturing requirements for the said project. Feytech SB later secured another automotive seat contract from Mazda Malaysia for the manufacturing of automotive seats for the Mazda CX-30 car model in 2022.

In order to facilitate the Proposed Listing, the Company was established in 2023 with the intention to acquire Gosford Malaysia, Trimex Malaysia, Gosford Singapore, Trimex Australia and Feytech SB. Over the years, the Group has established its reputation as an automotive cover manufacturer that can also manufacture automotive seats. Gosford Malaysia has been recognised by Perodua Sales Sdn Bhd for delivering its products promptly in 2018. Further, Gosford Singapore has also been awarded with the SME Excellence Business Award Achievers 2022/2023 by Vision Media Group. These recognitions are testament to the Group’s established industry reputation.