MY E.G. Services Berhad announced update on the status of the Memorandum of Understanding entered between the Company and University of Malaya. Announcements dated 22 October 2018 and 14 June 2023 on the MOU entered between the Company and UM to jointly promote and foster the development of academic and research projects in blockchain and the Press Release related to the collaborative research with China Academy of Information and Communications Technology under the G2G Programme to develop Artificial Intelligence technology. The Company refer to the announcement dated 23 February 2024 and the query by Bursa Securities dated 27 February 2024 pertaining to the status of the MOU entered between the company and UM.

The Company announced the following additional information as required by Bursa Securities pursuant to the Bursa Query: reason for the delay in making an immediate announcement upon signing of a formal agreement on 14 June 2023 arising from the MOU ("Agreement"). There was no delay as an announcement pertaining to the formalisation of the agreement dated 14 June 2023 was announced on even date. As the Company is no longer working on any other collaboration with UM, aside from the agreement signed on 14 June 2023, the Company has since written to UM to inform that the earlier MOU is thus no longer in effect, pursuant to which an announcement was released on 23 February 2024.