INTRODUCTION
The Board of Directors of Infomina is pleased to announce that Infomina Japan K.K. ("Infomina Japan"), a wholly-owned subsidiary of the Company, has accepted the purchase order and signed the order form ("Software Subscription and Maintenance Renewal Contract") with Panasonic Digital Co., Ltd. ("Panasonic Digital") on 12 October 2026.
DETAILS OF THE SOFTWARE SUBSCRIPTION AND MAINTENANCE RENEWAL CONTRACT
The Software Subscription and Maintenance Renewal Contract is for the provision of mainframe software subscription licences and support services to Panasonic Digital, a company in Japan, for a period of five years commencing from 1 September 2027 to 31 August 2032 ("Period").
Infomina Japan's role under the Software Subscription and Maintenance Renewal Contract includes procuring and administering the licence subscriptions, billing, coordination on support and licence changes, and managing licence usage reporting and compliance. The services also encompass assessing and monitoring the software environment of Panasonic Digital to ensure it is updated with the latest relevant supported version.
The value for the Software Subscription and Maintenance Renewal Contract is JPY855 million, exclusive of consumption tax (equivalent to approximately RM22.06 million) and will be invoiced in advance prior to the commencement of the Period. Any renewal of the software subscription in the future will be subject to a new purchase order and order form to be negotiated with Panasonic Digital towards the end of the Period.
RISK FACTOR
The risk factors associated with the Software Subscription and Maintenance Renewal Contract are similar to those presently faced by Infomina Japan. The main risk for the Software Subscription and Maintenance Renewal Contract will be the currency risk where fluctuations in foreign currency exchange rates, particularly in JPY, which any unfavourable fluctuations may adversely affect our financial performance and profit margin.
FINANCIAL EFFECTS
The Software Subscription and Maintenance Renewal Contract is expected to contribute positively to the earnings of Infomina Group over the Period.
INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM
The acceptance of the Software Subscription and Maintenance Renewal Contract is in the ordinary course of business and is in the best interest of the Company.
None of the Directors, major shareholders of Infomina and/or persons connected with them has any interest, whether direct or indirect, in the Software Subscription and Maintenance Renewal Contract.
This announcement is dated 12 October 2026.