MCOM Holdings Berhad ("MCOM" or "Company") wishes to announce that M-Media Co., Ltd. ("M-Media"), an 85.0%-owned subsidiary of the Company incorporated in Cambodia, has engaged Crowe (KH) Co., Ltd. to assist in its process of voluntary winding-up.

M-Media was incorporated and registered with Ministry of Commerce, Cambodia on 28 October 2014 as a private limited company organised under Commercial Enterprise Laws of Cambodia; with its total issued and paid-up share capital amounting to USD5,000 comprising 1,000 ordinary shares. M-Media is principally involved in the provision of internet and related information technology services, but as of the date of this announcement, it is dormant.

The voluntary winding-up of M-Media is not expected to have any material, adverse impact on the net assets and earnings per share of MCOM Group for the financial year ending 31 December 2022.

None of the Directors or major shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the voluntary winding-up of M-Media.

The announcement is dated 12 May 2022.