Dataprep Holdings Bhd. announced that it had on 12 April 2019 entered into a Memorandum of Collaboration with PT Asia Pelangi Remiten ("PT Asia"), a company registered under the Laws of Indonesia. Under the Memorandum of Collaboration, Dataprep and PT Asia will work as a strategic partner and to co-operate as well as coordinate the efforts in Information and Communication Technologies (ICT) areas. The following are the ICT areas covered under the collaboration: Providing specialized technology-oriented solutions such as software development expertise and sourcing of hardware; Develop integrated payment systems solutions including integration, networks and hardware requirements; Providing consultancy, technical support and managed ICT services to support operations such as data hosting, digital content and platform; Exploring new potential business and markets related to ICT in Indonesia; and any other areas of co-operation to be mutually agreed upon by the Parties. Both Dataprep and PT Asia will use their best endeavors to further their mutual interests and, as far as they are able to do, make available to their collaborators the expertise, resources and information in relation to collaboration. The duration of the Memorandum of Collaboration, subject to its terms and condition as thereto, shall be effective for a period of 5 years from 12 April 2019 ("Effective Date").