The Board of Directors of Asia Media Group Bhd announced that the Company has incorporated a wholly-owned subsidiary company, MMM Innovation Sdn. Bhd. on 29 September 2022.

MMMI was incorporated in Malaysia on 29 September 2022. The issued and paid-up capital is MYR 10,000.00 divided into 10,000 ordinary shares. The intended principal activity of MMMI is the development and provision of creative media technology.

The incorporation of MMMI is to explore for suitable business opportunities in the development of creative media technology for the digital advertising segments. There is no liability to be assumed as MMMI is a newly incorporated company and has yet tocommence its business operation. The said newly incorporated company is not expected to have any material impact on earnings, revenue and net assets per share of AMGB for the financial year ending 31 March 2023.