The Board of Directors of the Company wishes to announce that Privasia Technology Berhad through its indirect subsidiary, Privabytes Sdn. Bhd. (formerly known as Digital Medtech Solutions Sdn. Bhd.) (“Privabytes”), had on 11 December 2024, entered into a Memorandum of Agreement (“MOA”) with MARA Incorporated Sdn. Bhd. (“MARA Inc.”) and FELCRA Berhad (“FELCRA”) for the purpose of collaborating with each other to develop, construct and operate a data centre on a land located in Bagan Datuk, Perak (“the Project”). FELCRA’s participation of the collaboration shall be via FELCRA leasing its land located in Bagan Datuk to the special purpose vehicle (“SPV”) to be used for the Project (“Land”). The Project will involve multiple phases, including but not limited to site selection, design and planning, construction, infrastructure and ICT deployment, and operational management.

Please refer to the attachment for further details.

This announcement is dated 11 December 2024.