BCM Alliance Berhad via its wholly owned subsidiary, BC Medical Sdn Bhd has inked an agreement to supply a total of 10 million Covid-19 RTK Antigen kits ("Test Kit") to MTPS Innotech (Thailand) Co Ltd. ("MTPS") for a total consideration of MYR 320 million (USD 80 million). According to the contract, the Test Kit supplied by BCMAll will be shipped in batches and exported to Thailand over a period of one year. The first batch would be 1.5 million kits, valued at MYR 48 million (USD 12 million). BCMAll issued a statement stating that the company would send 200 free kits to MTPS in Thailand for clinical trial and registration. BCMAll would also assist MTPS and provide the relevant information and documents required for the purposes of product registration. Thereafter, the first batch of kits will be shipped to buyers. The remaining amount of Test Kit will be delivered in accordance with the schedule agreed by both parties. According to a survey report conducted by Smith Zander on Covid-19 testing market, the independent investigative agency pointed out that the new crown pneumonia virus (Covid-19) testing action is the most important health measure to fight the pandemic. The salient terms of the Agreement, are set out as below: BCMSB to supply MTPS for a total of ten (10) million units of SARS-CoV-2 Antigen Rapid Test Kit (Colloidal Gold) by phases in period of one (1) year. Upon completion of SARS-CoV-2 Antigen Rapid Test Kit (Colloidal Gold) and readiness for delivery; To supply complimentary two hundred (200) units of SARS-CoV-2 Antigen Rapid Test Kit (Colloidal Gold) for the product registration purposes; First phase of 1.5 million units of SARS-CoV-2 Antigen Rapid Test Kit (Colloidal Gold) to be supplied after two hundred (200) complimentary units of Test Kit delivered. The subsequent supply of remaining balance shall be delivered based on the delivery scheduled to be agreed by the Parties; Obligations of BCMSB to ensure that SARS-CoV-2 Antigen Rapid Test Kit (Colloidal Gold) shall be reputable quality and in good conditions, during the stage of procurement, BCMSB shall provide MTPS with regular delivery status updates and schedule and assist MTPS and provide the relevant information and documents required by MTPS for the purposes of product registration; Obligations of MTPS shall ensure that it shall effect prompt payment for the supply of the SARS- CoV-2 Antigen Rapid Test Kit (Colloidal Gold) as agreed by the Parties; The Parties have agreed that the terms of payment 100% via letter of credit to a bank account nominated by BCMSB before delivery or within (14 days) upon completion of test kits at BCMSB's factory, whichever occurs first; The SARS-CoV-2 Antigen Rapid Test Kit (Colloidal Gold) shall be delivered according to the delivery date as agreed by the Parties stated in the MTPS's Purchaser Order; The Contract period shall be from 15 March 2021 to 14 March 2022.