We refer to the Company’s announcement on 16 January 2020 pertaining to the Memorandum of Understanding entered with Innov8tif Solutions Sdn Bhd towards a strategic partnership to develop technological solutions by utilising cross-technology innovation between themselves. Unless otherwise defined, the definitions set out in the previous announcement shall apply herein.

The Board of Directors of the Company wishes to inform that both parties are still negotiating on the terms of the cross-technology collaboration agreement. Any material development will be announced accordingly.

This announcement is dated 21 April 2020.