The Board of Directors of My E.G. Services Berhad announced that the Company had on 15 April 2024 entered into a Teaming Agreement with Heitech Padu Berhad (HeiTech) to work together and form an interim collaboration to explore services in relation to the Information Technology industry in Malaysia, subject to and upon the terms and conditions of the Agreement. The salient terms and conditions of the Agreement, amongst others, are set out as follows: Purpose: The purpose of the Agreement is to set forth the understanding of the Parties with respect to their respective roles and responsibilities wherein the Parties wish to collaborate in the marketing activities, sharing of related know-how and system integration of Information and Technology Solution for identified projects to potential customers of the Parties. Duration: The Agreement is valid for a period of one (1) year from the date of the Agreement unless and until superseded by a subsequent agreement entered into by the Parties, whichever is the earlier.

Confidentiality: The Parties shall at all times keep confidential and shall not divulge to any third party(ies) any terms of this Agreement or any proprietary or confidential information acquired from either party in connection with the Agreement and shall restrict the dissemination of the confidential information within its organisation and to the persons who have a need to know such information in order to meet its obligations under this Agreement, unless such disclosure has been expressly permitted in writing by the other party or pursuant to the circumstances prescribed in the Agreement. Withdrawal: Either of the Parties may withdraw from the Agreement at any time by giving thirty (30) days written notice to other Party. The Agreement is to set forth the understanding of the Parties with respect to their respective roles and responsibilities wherein the Parties wish to collaborate in the marketing activities, sharing of related know-how, and system integration of Information and Technology Solution for identified projects to potential customers of the Parties.

The Company does not foresee any exceptional risk other than the normal operational/business risks associated with the Agreement. The Company will take the necessary steps to mitigate the risks as and when it occurs. The Agreement is not subject to the approval of shareholders and any other relevant authorities and is not conditional upon any other corporate exercise undertaken by the Company.