The Board of Directors of Cloudaron (“Board”) wishes to announce that Cloudaron had on 19 December 2023 entered into a share sale agreement (“SSA”) with Solsisnet Sdn. Bhd. (Registration No. 198801002561(169918-P)) (“Purchaser”), a wholly-owned subsidiary of Dataprep Holdings Bhd.  (Registration No. 198901005754 (183059-H))(“Dataprep”) for the proposed disposal of 70,000 ordinary shares of DACS Network Solutions Sdn. Bhd. (“Dacs Network” or “the Company”), representing 70% equity in Dacs Network for a total disposal consideration of RM10,500,000.00 (“Disposal Consideration”) to be satisfied via issuance of 82,677,165 new ordinary shares in Dataprep (“Dataprep Shares” or “Shares”) (“Consideration Shares”) at an issue price of RM0.1270 per Consideration Shares; and

The above transaction is referred to as the “Proposed Disposal”.

Please refer to the attachment for further details of the Proposed Disposal.

This announcement is dated 19 December 2023.