SINO HUA-AN INTERNATIONAL BERHAD ("HUAAN")

SOFTWARE LICENCE AND SERVICE AGREEMENT BETWEEN TOUCHPOINT INTERNATIONAL SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF HUA-AN AND TECHNISCHE INVESTMENT (PTY) LIMITED
- REPLY TO QUERY FROM BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") DATED 21 SEPTEMBER 2020

We refer to HUAAN’s announcement dated 17 September 2020 in respect of the aforesaid matter.
 

In this connection, kindly furnish Bursa Securities with the following additional information for public release:

1) The date Touchpoint International Sdn. Bhd. (“TPI”) commenced its business.

2) The date of incorporation of Technische Investment (PTY) Limited (“Snappistore”), and the date Snappistore                  commenced its business.

3) To provide further details on Snappistore’s current business activities.

4) A description of Snappisaving.

5) The role of Snappistore in the Agreement.

6) To quantify Snappistore’s estimated capital outlay for the Snappistore App.

7) To quantify TPI’s estimated development cost, capital outlay and investment outlay for the Snappistore App.

8) The current stage of development of the Snappistore App.

9) The expected “Go-Live Date”.

10) To clarify the manner in which the dispute as stated in Section 3.5(b) shall be resolved.

11) To elaborate on the operational risk association with the Agreement and the cooperation arrangement with                    Snappistore, and the mitigating measures.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully,

Listing

Regulation
 

Cc : Market Surveillance Dept. , Securities Commission (via fax)