The Board of Directors of REDtone wishes to announce that the Malaysian Administrative Modernisation and Management Planning Unit (“MAMPU”) has awarded its wholly-owned subsidiary, RENS a MyGovUC 3.0 contract for a period of 60 months at a total contract price of approximately RM398.1 million (“Contract”).

RENS received the Letter of Award on the Contract today with commencement date on 1 February 2024.

The Contract covers the Government’s unified communications including electronic mail system, calendar system, audio & video conferencing, chat & chat spaces, directory management as well as change management including user training, software support, security operation centre (SOC), network operation centre (NOC) and helpdesk covering information security management.

The Contract will not have any effect on the issued share capital and substantial shareholders’ shareholdings of REDtone. The Contract will not have any material effect on the net assets, earnings and gearing of the REDtone Group for the current financial year ending 30 June 2024. However, the Contract is expected to contribute positively to the future earnings of the REDtone Group.

Save for normal business and global economic risks, the Management of REDtone is not aware of any other risk factors which may arise as a result of RENS’ participation in the Contract.

None of the Directors or major shareholders of REDtone and/or persons connected with them have any interest, direct or indirect, in the Contract.

This Announcement is dated 6 February 2024.