TECHNA-X BERHAD (FORMERLY KNOWN AS SINO HUA-AN INTERNATIONAL BERHAD) ("TXB") - SHARE PURCHASE AGREEMENT BETWEEN TXB AND SARALEANA NATTAYA BINTI AZMI FOR THE PROPOSED ACQUISITION OF 10,000,000 ORDINARY SHARES EQUIVALENT TO 25% OF THE TOTAL ISSUED AND PAID UP SHARE CAPITAL OF MBITS DIGITAL SDN. BHD.

- REPLY TO QUERY FROM BURSA MALAYSIA SECURITIES BERHAD DATED 9 FEBRUARY 2021

We refer to your Company’s announcement dated 8 February 2021 in respect of the aforesaid matter.

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

(a)  basis of determining the purchase consideration of RM12.5 million.

(b)   justification(s) for the purchase consideration of RM12.5 million.

(c)   elaboration on the risks associated with the business and operations of MBits.

(d)   historical financial information of MBits.

(e)   termination clauses of the SPA and consequential arrangements.

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

Yours faithfully,

Listing

Regulation
 

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