InnoTek Limited

(Formerly known as Magnecomp International Limited)

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

SGX-Listed InnoTek Announces

Senior Appointments At Subsidiary
Mansfield

Mr. To Wai Hung to step down as Director and member of the Executive
Committee of InnoTek Limited

Mr To Wai Hung will also step down as President of Mansfield to assume

new position as Chairman of Mansfield and Advisor to its tooling division

Mr. Lawrence Xia Lu Rong appointed as Executive Director and President

of Mansfield; and Mr. Ip Chi Chung appointed as Executive Director and
Senior Vice President, Operations of Mansfield

Appointments part of succession planning and will facilitate sharpened

customer focus and management depth at Mansfield level

SINGAPORE, 4 September 2009 – Singapore Exchange Mainboard-listed InnoTek

Limited (“InnoTek” or “the Group”) announced today three senior appointments at its
wholly owned subsidiary, Mansfield Manufacturing Company Limited (“MSF”), as part of
the latter’s succession planning and efforts to sharpen customer focus.

Mr To Wai Hung, a major shareholder of InnoTek, will step down from the InnoTek
Board (and from its Executive Committee) and from his position as President of
Mansfield, a manufacturer of precision metal stamping, commercial tool and die
fabrication based in the People’s Republic of China (“PRC”) which he has led for more
than 30 years.

Apart from serving as Chairman of Mansfield Mr To – the Chairman of the Hong Kong
Tool and Die Association – will also assume the role as Advisor/Consultant for the
tooling business of Mansfield. As Chairman of Mansfield – a group with more than 15
subsidiaries, JV and associate companies in Hong Kong, PRC, Holland and the Czech
Republic – Mr To will be able to focus on strengthening relationships with existing
customers and establishing new customers.

Concurrent with his appointment, InnoTek also announced the appointments at

Mansfield of Mr. Lawrence Xia Lu Rong as Executive Director and President; and of Mr.
Ip Chi Chung (“C.C. Ip”) as Executive Director and Senior Vice President, Operations.

All the appointments take effect from 4 September 2009 and will allow Lawrence Xia and
C.C. Ip to play more pivotal roles in instituting vertical integration and further improving
operational efficiencies to take Mansfield to the next stage of its growth.
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4 September 2009
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“The senior appointments will provide Mansfield with greater depth at its board level,
smooth succession transition, and greater focus on customer relationship by Mr To in his
position as Chairman,” said Mr Robert Lette, Chairman of InnoTek.

“With his industry knowledge and wealth of experience, Mr. To will be able to guide
Lawrence and C.C. – who already possess proven experience and strong management
depth – in their added responsibilities,” said Mr Lette.

The Board of InnoTek Limited would also like to thank Mr To for his contributions to the
InnoTek Board and to congratulate the new management team of Mansfield on their
respective appointments.

For the quarter ended 30 June 2009 (“2Q’09”) InnoTek’s net profit after tax rose to S$4.4
million from S$0.2 million a year earlier. The 32-fold increase in profit was achieved
despite a marginal decline in revenue to S$93.1 million from S$93.9 million, recorded by
Mansfield which posted a net profit of S$7.0 million in 2Q’09, up from S$0.4 million.

For the six months ended 30 June 2009 InnoTek’s net profit rose 31.4% to S$3.6 million
from S$2.8 million, as revenue declined to S$176.7 million from S$201.9 million due to
lower stamping and assembly sales due to lower global demand for flat panel TVs.

~ End ~

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.

Background of Mr. Lawrence Xia

Mr. Lawrence Xia Lu Rong, aged 47, joined Mansfield on 1 May 1999 as a Sales
Manager. Within three years, he was promoted to Vice President of Sales and Marketing
in charge of the overall sales and marketing functions of the Mansfield group of
companies. Besides his role as VP Sales & Marketing, Lawrence was also fully
responsible for the stamping operations in Dalian, PRC, and the automotive stamping
plant in Dongguan, PRC, turning the latter around from a loss-making unit to profitability.
Mansfield Dalian is currently the most profitability entity among the subsidiaries of
Mansfield.

A Mechanical Engineering and Management graduate from Shanghai Jiao Tong

University, Lawrence is fluent in oral and written English, Japanese and Chinese

2
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4 September 2009
Page 3 of 3
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languages as well as many Chinese dialects. Prior to joining Mansfield, Lawrence

worked with an Industrial Investment company which focused on the investment
activities in China. Lawrence also worked in Kobe, Japan, for an OEM company in the
game machine industry. His four years’ work experience in Japan included a stint with a
leading manufacturer and exporter of automation equipment for plastic injection
moulding industry where he was responsible for developing the Asia market, formulating
and implementing marketing strategy in the Asian countries including China.

Background of Mr. Ip Chi Chung

Mr. C.C. Ip, aged 49, joined Mansfield on 7 October 2002 as a Senior Operations
Manager and was promoted to General Manager in charge of Operations and in-house
dies fabrication in January 2005, and later to Vice President, Operations for the
Stamping Division, the main business unit of Mansfield, accounting for more than 60% of
the total revenue in 2008.

Mr. Ip holds a Master of Science in Management (Operations Management) from The

Hong Kong Polytechnic University. Prior to joining Mansfield, C.C. was working for
Amphenol East Asia Limited, a manufacturer of high precision computer/mobile phone
and fibre optical connectors in Hong Kong and the PRC for more than 15 years, holding
various positions from Assistant Manufacturing Engineer, Senior Stamping & Moulding
Engineer, Fabrication Manager and Senior Production Manager. In his last post in
Amphenol as Operations Manager, C.C. was responsible for the management,
production (stamping, moulding, plating and assembly), technical development of the
Operations Department and production lines/technique transfer from USA, Germany,
Australia and France to Hong Kong and the PRC.

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
Lai Kwok Kin, laikkin@wer1.net

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