1. INTRODUCTION

The Board of Directors of Infomina is pleased to announce that Infomina Pte. Ltd. (“Infomina SG”), a wholly-owned subsidiary of the Company had accepted the Purchase Order dated 11 December 2024 ("PO") from Hong Kong Exchanges and Clearing Limited (“HKEX”) on 12 December 2024.

2. DETAILS OF PO

The PO is for the provision of technology application and infrastructure operations, maintenance and support services to HKEX, commencing from 1 December 2024 to 31 December 2027 (“Period”).

Infomina SG’s roles in the PO include assisting HKEX in renewing license subscriptions, provision of training to HKEX’s personnel on the installation and start-up process, supervising the installation and start-up of the hardware and software as well as supplying the necessary tools required for installation and operations (such as detailed operations and maintenance manuals). The services also encompass assessing and monitoring the software environment of HKEX to ensure it is updated with the latest relevant supported version.

Infomina SG will also provide online and offline support services, periodical maintenance to the hardware and software (including providing HKEX with the relevant manuals), ad-hoc technical and repair services as well as consumption or utilisation monitoring and reporting services.

The value for the PO is approximately USD2.6 million (equivalent to RM11.6 million) for the entire Period. The renewal of the PO in the future will be subjected to new purchase order to be negotiated with HKEX towards the end of the Period.

3. RISK FACTOR

The risk factors associated with the PO are the same as those presently faced by Infomina SG. The main risk for the PO 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 PO is expected to contribute positively to the earnings of the Infomina Group over the Period.

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

The acceptance of the PO 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 PO.

This announcement is dated 16 December 2024.