Quint Digital Limited at its meeting held on March 8, 2024 approved to enter into a Joint Venture Agreement with MK Center of Enterpreneurship Foundation for setting up a joint venture company. To set up a joint venture company with MK Group (JV Company), with an aim to offer training, hold seminars, develop apps and educational programs in the fields of artificial intelligence, data science, software development, and networking technologies, through independently developed digital platforms as well as by way of collaborating with established international and domestic organizations in the manner and on the terms set out in the Joint Venture Agreement. Operations can be both domestic and/or international In the JV Company, both QDL and MK Group will hold stake in the ratio of 50%:50%.

The JV Company will aim to offer training, hold seminars, develop apps and educational programs in the fields of artificial intelligence, data science, software development, and networking technologies, through independently developed digital platforms as well as by way of collaborating with established international and domestic organizations, in the manner and on the terms set out in the Joint Venture Agreement. QDL and MK Group shall make equal contribution to provide funding for business operations of JV Company by way of subscribing to securities, or in the form of loans or other debt instruments in accordance with the terms and conditions, if any agreed under Joint Venture Agreement. QDL and MK Group shall have the right to nominate 2 (two) directors each on the Board of Directors of the JV Company.

Rationale and benefit expected: To set up the JV Company to undertake business operations.