With refer to the announcements dated 8 December 2020, 30 April 2021, 11 August 2021, 25 November 2021, 25 February 2022, 24 May 2022, 23 August 2022, 22 November 2022, 28 February 2023, 29 May 2023, 28 August 2023 and 27 November 2023 in relation to the MOU between TASCO and GDEX and unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcements. The Board wishes to inform that the MOU with GDEX Berhad has lapsed on 8 December 2023 as both parties have formally agreed not to extend the MOU due to the envisaged plans for collaboration did not materialise. Upon the expiry of the MOU, neither party shall have any claim against the other.

The expiry of the MOU is not expected to have any material financial impact to TASCO.