1. INTRODUCTION

The Board of Directors of Infomina is pleased to announce that Infomina (Thailand) Co., Ltd. (“Infomina TH”), a subsidiary of Infomina, had received the Order on 20 June 2024.

2. DETAILS OF ORDER

The Order is for the provision of technology application and infrastructure operations, maintenance and support services over a period of five (5) years and seven (7) months commencing from 1 June 2024 to 31 December 2029 (“Period”). The beneficiary of the services is a bank in Thailand.

The value for the Order is approximately USD11.39 million (equivalent to RM53.6 million) (excluding value added tax) for the entire Period.

3. RISK FACTOR

The risk factors associated with the Order are the same as those presently faced by Infomina TH. The main risk for the Order will be the currency risk where fluctuations in foreign currency exchange rates, particularly in USD, which any unfavourable fluctuations may adversely affect our financial performance and profit margin.

4. FINANCIAL EFFECTS

The Order is expected to contribute positively to the earnings of Infomina Group over the Period.

5. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM

The acceptance of the Order 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 Order.

This announcement is dated 21 June 2024.