The Board of Directors (“Board”) of MPay is pleased to announce that MSC Trustgate.Com Sdn. Bhd. ("MSC Trustgate.Com"), a Licensed Certificate Authority under the Digital Signature Act 1997 and also a subsidiary of Trustgate Berhad (“Trustgate”), an associate company of MPay, had on 8 September 2021 entered into a Project, Services and Maintenance Agreement with Lembah Sari Sdn. Bhd. (Registration No. 200501021151(703281-W)) ("Lembah Sari") of No 5, Jalan TP6, Sime UEP Industrial Park, 47600 Subang Jaya, Selangor (“Agreement”) for the provision of solution and services on issuance of a Digital Certificate for Jabatan Kastam DiRaja Malaysia (“JKDM”)’s tender titled “Kastam Stamp Tax for Tender Perkhidmatan Membekal Setem Cukai Secara Komprehensif Kepada JKDM Bagi Produk Rokok Dan Minuman Keras” for a period of five (5) years.

MSC Trustgate.Com’s responsibility is to integrate MyTrust Public Key Infrastructure (“MyTrust PKI”) platform with Lembah Sari’s Tax Stamp Systems Solution for the issuance of Digital Certificates required to create digital signatures that links to Lembah Sari’s Tax Stamps QR Codes for JKDM to validate product information of the cigarette and alcohol products.

The Agreement will not have any effect on the issued share capital and shareholdings of the substantial shareholders of the Company. The Application is not expected to have any material effect on the net assets, earnings and gearing of the Company for the financial year ending 31 December 2021.

Save for Dato’ Chew Chee Seng, the Group Chief Executive Officer/Group Managing Director who is also a major shareholder of the Company is deemed to have interest in Trustgate, none of the Directors and/or major shareholders of MPay and/or persons connected with them have any interests, direct or indirect, in the Agreement.

Having considered all aspects of the Agreement, the Board of Directors of MPay is of the view that the Agreement is in the best interest of the Company.

This announcement is dated 9 September 2021.