The Board of Directors of Divfex Berhad (“DFX” or “the Company”) wishes to announce that Excel Commerce Solutions Sdn Bhd (“EXCEL”), a 51%-owned subsidiary of DFX, has on 18 December 2023 accepted a Letter of Award ("LOA") from Extreme Broadband Sdn Bhd ("EBB") dated 16 December 2023 to supply and install data center equipment system for EBB for the total contract value of RM16.4 million. The supply and installation of the data center equipment will commence by the end of December 2023 and is expected to be completed by 30 June 2024.

EBB is a private limited company incorporated in Malaysia on 5 May 2005 and has been in the business of providing system integration, application development, network consultancy related services, data centre management, disaster recovery services, maintenance support and other IT related services in Malaysia since 2005.

The LOA will have no effect on the issued share capital and substantial shareholders’ shareholdings in the Company.

The LOA is expected to contribute positively to the revenue, earnings and net assets of DFX Group for the financial year ending 30 June 2024.

None of the Directors and/or the substantial shareholders of the Company and/or persons connected with the Directors and/or substantial shareholders of the Company have any interest, direct or indirect in the LOA.

The Board of Directors of the Company is of the opinion that the LOA is in the best interest of DFX Group.

This announcement is dated 18 December 2023.