The Board of Directors of NETX Holdings Berhad (“NETX” or “the Company”) wishes to inform that First United Technology Limited (“FUTL”), a subsidiary of the Company and the Company had ceased as substantial shareholders of K-Star Sports Limited (“K-Star”) on 26 January 2021 due to the disposal of 11,000,000 ordinary shares in K-Star to the open market (“Disposed of Shares”). The total percentage of shareholdings held by FUTL in K-Star after the Disposed of Shares has reduced from 7.17% to 4.94%.

This announcement is dated 27 January 2021.