1. INTRODUCTION

The Board of Directors of Infomina is pleased to announce that PT Infomina Solution Indonesia (“Infomina ID”) had received the Letter, which is dated 15 February 2023, from PT Bank Maybank Indonesia TBK (“Maybank ID”).

2. DETAILS OF LETTER

The Letter is for the provision of technology application and infrastructure operations, maintenance and support services to Maybank ID, over a period of five (5) years commencing from 30 November 2022 to 29 November 2027 (“Period”).

The contract value is approximately USD3.3 mil (equivalent to RM14.4 mil) (exclusive of value added tax) for the entire Period.

3. RISK FACTOR

The risk factors associated with the Letter are the same as those faced by Infomina ID. The main risk for the Letter will be the currency risk where fluctuations in foreign currency exchange rates, particularly in USD, which any unfavourable fluctuations may adversely affect our financial performance and profit margin.

4. FINANCIAL EFFECTS

The Letter is expected to contribute positively to the earnings of the Infomina Group over the Period.

5. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM

The acceptance of the Letter is in the ordinary course of business and is in the best interest of the Company.

None of the Directors, major shareholders of Infomina and/or persons connected with them has any interest, whether direct or indirect, in the Letter.

This announcement is dated 15 February 2023.