The Board of Directors of SMTrack announced that the HOA was expired on 24 May 2023 and the four (4) Consortium Parties, SMTrack, MQ Technology Berhad, Jiankun International Berhad and Sersol Berhad [Consortium Parties] are mutually agreed not to extend the Heads of Agreement . The Consortium Parties will collaborate in future if there are any possibilities.