(Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcements dated 27 July 2020)

Reference is made to the Company’s announcement made on 27 July 2020.

XOX Bhd ("XOX" or "the Company") wish to further announce that :

1) XOX has not identified the Chinese Telco, upon signing of the HOA with Jiangsu Sulian Asset Management Co. Ltd, both parties will commence the discussion on the option of Chinese Telco.

2) Jiangsu Sulian Asset Management Co Ltd. approached XOX on the opportunity to venture into the business of regional deployment of 5G mobile networks with the Chinese Telco, the estimated total capital and investment outlay intended to be committed by XOX has not been discussed at this stage.

Further announcement will be made to Bursa Malaysia Securites Berhad on any commitment of financial obligations for this project as the information surfaces.

3) The countries identified as part of XOX’s plan to venture into the business of regional deployment of 5G mobile networks with the Chinese Telco are Malaysia, Thailand, Philippines and possibly Indonesia.

4) No fee is payable by XOX and/or XOX Media Sdn Bhd in the event that the HOA is terminated prior to finalisation of the commercial agreement between XOX and/or XOX Media Sdn Bhd and the yet to be identified Chinese Telco.

This announcement is dated 29 July 2020.