1. INTRODUCTION
The Board of Directors of Infomina is pleased to announce that Infomina (Thailand) Co., Ltd. ("Infomina TH"), a 99.99%-owned subsidiary of the Company, had on 8 May 2026 received the signed Software Subscription Renewal Sales Quotation ("Software Subscription Renewal") from Bangkok Bank Public Company Limited ("BBL"), confirming BBL's acceptance to proceed with the terms of the Software Subscription Renewal.
2. DETAILS OF THE SOFTWARE SUBSCRIPTION RENEWAL
The Software Subscription Renewal is for the provision of technology application and infrastructure operations, maintenance and support services to BBL, a banking institution in Thailand, for a period of three years commencing from 31 March 2026 to 30 March 2029 ("Period").
Infomina TH's roles under the Software Subscription Renewal include assisting BBL in renewing licence subscriptions, provision of training to BBL's personnel, and supplying the fixes required for installation and operations (such as detailed operations and maintenance manuals). The services also encompass assessing and monitoring the software environment of BBL to ensure it is updated with the latest relevant supported version.
Infomina TH will also provide online and offline support services, periodical maintenance to the software (including providing BBL with the relevant manuals), ad-hoc technical and repair services as well as consumption or utilisation monitoring and reporting services.
The value for the Software Subscription Renewal is USD10.75 million (exclusive of value-added tax) (equivalent to approximately RM42.1 million) and will be invoiced progressively over the Period. Infomina TH and BBL will execute and enter into a software subscription agreement in relation to the Software Subscription Renewal in due course. Any renewal of the software subscription in the future will be subjected to new sales quotation and agreement to be negotiated with BBL towards the end of the Period.
3. RISK FACTOR
The risk factors associated with the Software Subscription Renewal is similar to those presently faced by Infomina TH. The main risk for the Software Subscription Renewal 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 Software Subscription Renewal 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 Software Subscription Renewal 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 Renewal.
This announcement is dated 11 May 2026.