Reference is made to the Company’s announcement dated 11 December 2024. Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcement dated 11 December 2024.

1. INTRODUCTION

The Board of Directors of Privasia wishes to announce that Privabytes Sdn Bhd (formerly known as Digital Medtech Solutions Sdn. Bhd.) via its wholly owned subsidiary, Silver Streams Technofarm Sdn. Bhd. (“SSTF”) had entered into the following agreements:-

i. Collaborative Agreement with Mara Incorporated Sdn. Bhd. (“MARA Inc”) on 31 October 2025; and

ii. Lease Agreement with FELCRA Berhad (“FELCRA”) on 12 November 2025.

(hereinafter referred to “the Agreements”)

The agreements entered are in line with the scope and objective of the MOA as stated in item 3 of the previous announcement made on 11 December 2024.

2. INFORMATION OF SSTF

SSTF was incorporated as a private limited company in Malaysia under the Companies Act 2016 with an issued share capital of RM100.00 comprising 100 ordinary shares as at the date of this announcement. Details of directors and shareholders of SSTF are as follows:-

Directors

1. Datuk Puvanesan A/L Subenthiran
2. Haida Shenny Binti Hazri
3. Sulaiha Binti Sawadi

Shareholder

Privabytes is a wholly-owned subsidiary of Privanet Sdn. Bhd. and Privanet Sdn. Bhd. is a wholly-owned subsidiary of Privasia, holding 100% of the total issued share capital of Privanet, which resulting Privasia as the ultimate holding company.

SSTF is principally engaged in the provision of providing infrastructure for hosting, data processing services and related activities, other service activities and other information technology service activities.

3. RATIONALE OF THE AGREEMENTS

The rationale for entering into the Agreements are to enable MARA Inc, FELCRA and the SSTF to formalise their collaboration to develop, construct and operate a Data Center on a land located in Bagan Datuk Perak, by securing the lease of the land and setting out the definitive terms and obligations of the Parties in relation to the development, construction and operation of the Data Centre, the Technical and Vocational Education and Training (TVET) institution, the innovation hub and other related facilities.

The Agreements provide the necessary legal framework to safeguard the interests of the Parties, allocate responsibilities, and ensure the long-term viability and successful implementation of the Project in Bagan Datuk, Perak.

4. SALIENT TERMS OF THE AGREEMENTS

 (a) Collaborative Agreement

Following further discussions, the parties have agreed that the proposed incorporation of a joint venture company under the MOA dated 11 December 2024 will instead be undertaken through a collaborative arrangement.

Under this collaboration, both parties will jointly assess the technical and commercial viability of the project and develop the necessary implementation plans. SSTF will lead and undertake all project funding, feasibility studies, design, construction, operations, and land lease arrangements with FELCRA. MARA Inc will support government relations, regulatory approvals, utilities, land matters, and assist in onboarding government-related off-takers.

A Project Steering Committee (PSC) will be established to oversee governance and coordination. Profit distributions of 10% will be made annually. The collaboration becomes effective upon execution and will continue for a period of 30 years, with the option to extend by mutual consent.

(b) Lease Agreement

The Lease Agreement with FELCRA has been executed for a period of 30 years, with an option to renew for a further 30 years. The Agreement is subject to several condition precedent, including delivery of vacant possession, planning approval, conversion of the land to industrial use, issuance of technical reports, lease approval, and a Letter of Support from Privasia Technology Berhad.

The lease payments comprise a first-year commitment fee of RM150,000, an annual rental of RM303,000 for Years 2 and 3, and an annual rental of minimum RM606,000 until maximum RM1,500,000.00 from Year 4 onwards. Rental rates will be reviewed every five years, with a minimum increase of 5%. A bank guarantee of RM1,000,000 is provided as performance security, and SSTF is granted the first right of refusal to purchase the land.

The Agreement may be terminated in the event of a material breach, force majeure, changes in government policy, national security or public interest considerations, or corruption-related offences

5. RISK FACTORS

The Company does not foresee any exceptional risks other than execution risks, political risks, pandemic risks and country risks associated with the Agreements.

6. FINANCIAL EFFECTS

The Agreements are not expected to have material effects on the earnings, net assets and gearing of the Company for the financial year ending 31 December 2025. Should the agreement materialise, it is expected to contribute positively to the future earnings of the Company from the Project development.

7. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS

None of the directors and/or major shareholders of the Company and/or persons connected with them have any interest, direct or indirect, in the Agreements.

8. DIRECTORS’ STATEMENT

The Board of Directors of the Company, after considering all the relevant factors, is of the opinion that the Agreements are in the best interest of the Group.

9. APPROVALS REQUIRED

The Agreements execution does not require approval from shareholders of the Company or any relevant government authorities.

This announcement is dated 12 November 2025.