On behalf of the Board of Directors of GDEX ("Board"), UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that the Company intends to undertake a diversification of the existing principal activities of GDEX and its subsidiaries ("GDEX Group" or the "Group") to include the provision of information technology ("IT") services and solutions ("IT Services and Solutions") ("Proposed Diversification").

Further details of the Proposed Diversification are set out in the attachment.

This announcement is dated 16 April 2024.