The Board of Directors of Zen Tech announced that the Company had on 29 February 2024 entered into a Collaboration Agreement with MYRingkas Sdn. Bhd. for the purposes of collaborating and working together to supply and maintain cashless vending machines with identity card reader and digital screen across the entire Malaysia (the "Projects") upon the terms and conditions contained in the Agreement.

The Company and Ringkas are collectively referred to as "Parties" and individually as "Party". Notwithstanding anything to the contrary contained in the Agreement, the Parties agree that they shall work and collaborate exclusively with each other in respect of the Project until the completion of the Project, which for avoidance of doubt, the actual definition of completion shall be mutually decided between the Parties and annex and part of the Agreement.