The Board of Directors of Ageson (“Board”) wishes to announce that Ageson Retails Sdn Bhd (“ARSB”), an indirect wholly-owned subsidiary of the Company, had on 30 September 2022, entered into a memorandum of understanding (“MOU”) with Koperasi Belia Nasional Berhad (“Kobena”) to sell 4,000 units of vending machines and/or retail fridges which integrated with internet-of-thing system and solutions (“Products”) to Kobena (“Business Proposal”).

Further details of the announcement are set out in the attachment below. 

This announcement is dated 30 September 2022.