Reference is made to the Company’s announcements dated 13 November 2019 and 13 February 2020 in relation to the MOU between Presto Universe Sdn Bhd (formerly known as PUC Ventures Sdn Bhd) (“PUSB”) and NetX Digital Limited (“NetX Digital”) (“Announcements”).

Unless otherwise defined, the definitions set out in the Announcements shall apply herein.

PUC wishes to inform that there is no material development pertaining to the MOU entered into between the Parties. Any material and significant development will be updated accordingly. All provisions contained in the MOU shall remain in full force and effect.

This announcement is dated 19 May 2020.