Reference is made to the announcements dated 11 February 2022, 15 February 2022 and 10 March 2022 respectively in relation to the Litigation. Unless otherwise defined in this announcement, the terms stated herein shall have the same meaning as defined in the earlier announcements.

The Board of Directors of XOX Networks wishes to announce that the Plaintiff had on 11 April 2022 filed a Request For Issue of Bankruptcy Notice together with a Bankruptcy Notice (collectively known as “Bankruptcy Notice”) in the High Court at Shah Alam against the Defendant due to the Defendant’s failure to pay the Judgement Debt (as announced by the Company on 10 March 2022). The filing of the Bankruptcy Notice is to recover the total outstanding sum of RM5,212,872.90 (inclusive of interest) as at 11 April 2022 which is due by the Defendant under the said Judgement Debt.

The filing of the Bankruptcy Notice will not have any financial and operational impact on XOX Networks group for the financial year ending 30 June 2022 as the impairment on amount owing by the Defendant had been made in the previous financial year.

This announcement is dated 11 April 2022.