The Board of Directors of K-One Technology Berhad (“K-One Tech” or “Company” or “K-One Group”) wishes to announce that its wholly-owned subsidiary, K2 Cloud Sdn. Bhd. (Fka : EMB Technology Sdn. Bhd.) (“K2 Cloud” or “Purchaser”), had on 12 April 2021 entered into a Share Sale Agreement (“SSA”) with the existing shareholders; Mr. Lam Lap Chee and Mr. Yu Bor Ching (“Vendors”) to acquire Infinity Consulting Technology Sdn. Bhd. (“ICT”) in 2 tranches upon satisfying conditions precedent, with an initial 75% equity interest in Tranche 1 and the balance 25% in Tranche 2 (“Proposed Acquisition”).

Please refer to the attachment for details of the announcement.

This announcement is dated 12 April 2021.