The Board of Directors of Scicom (MSC) Berhad is pleased to announce that on 11 October 2016, its 100%-owned subsidiary, Scicom E Solutions Sdn Bhd (“SES”) had accepted the grant of MSC Status by the Government of Malaysia.  The Government has also approved SES’s application for the Pioneer Status Incentive under the Promotion of Investments Act, 1986 for 100% income tax exemption on statutory income derived from the MSC Malaysia Qualifying Activities (hereinafter defined) for a period of 10 years from the date of the Pioneer Certificate (an application of which shall be made within twenty-four (24) months from the date of the approval letter) subject to the Conditions of the Grant.

The MSC Malaysia Qualifying Activities includes the following:-

(1) Establish and operate a Global Business Services Centre rendering IT Outsourcing (ITO) and Business Process Outsourcing (BPO) services in:

     i. Technology Infrastructure; and

     ii. Business Pocesses.

(2) Provision of implementation, maintenance and technical related to the above mentioned services.

(3) Research, development and commercialization of the following solutions:

      i.   Border Control Solutions;

      ii.  Citizen Relationship Management / Civic Tech;

      iii.  Phytosanitary Information Management Systems;

      iv.  Migrant Worker Management System; and

       v.  Health Information Exchange.

 (4) Provision of implementation, maintenance and technical services related to the above mentioned solutions.

This announcement is dated 12 October 2016.