1.       Introduction

The Board of Directors of Sasbadi Holdings Berhad (“Sasbadi” or the “Company”) is pleased to announce that the Company has on 28 January 2026, entered into a tripartite Memorandum of Understanding (“MOU”) with Intel Microelectronics (M) Sdn Bhd (“Intel”) and Maistorage Technology Sdn Bhd (“Maistorage”) to explore a potential collaboration in the education technology sector (“Proposed Collaboration”).

(Sasbadi, Intel and Maistorage shall hereinafter be collectively referred to as the “Parties”, and individually as a “Party”.)


2.       Information On The Parties

2.1     Intel Microelectronics (M) Sdn Bhd

Intel is a private limited company incorporated in Malaysia with its address at Bayan Lepas Free Industrial Zone, Phase 3, Halaman Kampung Jawa, Bayan Lepas, 11900 Penang, and is a leading global technology company specialising in semiconductor, edge computing and AI-enabling technologies.

2.2     Maistorage Technology Sdn Bhd

Maistorage is a private limited company incorporated in Malaysia with its address at Level 16, Tower 5, Puchong Financial Corporate Center PFCC, Jalan Puteri 1/2, Bandar Puteri Puchong, 47100 Puchong, Selangor. It is a subsidiary of Phison Electronics Corporation and is principally engaged in AI platforms and digital infrastructure solutions.


3.       Salient Terms of the MOU

The MOU sets out a framework for the Parties to explore a potential collaboration for joint delivery of hybrid and offline-first AI-enabled learning environments for the education sector in Southeast Asia, leveraging Intel’s technology expertise, Maistorage’s AI platforms and Sasbadi’s K-12 educational content expertise. The Parties recognise the need for scalable, AI-enabled education infrastructure and digital transformation solutions across Southeast Asia and aim to support the modernisation of national education systems through locally relevant curriculum and digital content.

The scope of the proposed collaboration includes, but is not limited to, the following:

(a)     deployment of a Content Access Point (“CAP”) platform for local caching and offline access to educational content;
(b)     integration of AI platforms and technologies for real-time, on-device inferencing; and
(c)     co-development and localisation of educational solutions aligned with national blueprints in Southeast Asian countries, commencing with Malaysia.

The MOU is non-binding in nature, save for certain provisions relating to confidentiality, publicity, governing law and other customary clauses. Any binding commercial arrangements shall be subject to the negotiation and execution of separate definitive agreements between the Parties.


4.       Rationale of the MOU

The MOU provides a framework for Sasbadi to explore potential strategic collaboration with established technology partners in the area of AI-enabled digital learning solutions. This aligns with the Company’s strategy to enhance content accessibility through hybrid and offline infrastructure and to support the modernisation of education infrastructure in Malaysia and the Southeast Asia region and is consistent with the Company’s digital growth strategy.


5.       Term and Termination

The MOU is effective from 28 January 2026 and shall remain in force until 30 June 2027, unless otherwise extended by mutual written agreement of the Parties.

Any Party may terminate the MOU by giving at least thirty (30) days’ prior written notice to the other Parties.


6.       Future Definitive Agreements

Any pilot programmes, deployments, commercial arrangements or binding commitments arising from the proposed collaboration shall be subject to the negotiation and execution of separate definitive agreements, the terms and conditions of which will be mutually agreed upon by the Parties.


7.       Financial Effects

The MOU is not expected to have any material effect on the earnings per share, net assets per share, gearing, share capital or substantial shareholders’ shareholdings of the Sasbadi Group for the financial year ending 31 August 2026.

Any potential financial impact arising from the Proposed Collaboration will depend on the terms of the definitive agreements (if any) to be entered into by the Parties. Any future collaboration resulting from this MOU will be subject to further announcements in compliance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.


8.       Risk Factors

The Sasbadi Group does not foresee any exceptional risks arising from the MOU as it is non-binding in nature and does not impose any financial or operational obligations on the Company at this stage. The Board believes that any risks associated with potential future collaborations can be adequately managed through the terms of the definitive agreements, if any, to be entered into.


9.       Directors’ and/or Major Shareholders’ Interest

None of the Directors and/or major shareholders of Sasbadi Holdings or persons connected with them has any interest, whether direct or indirect, in the MOU.


10.       Statement by Directors 

The Board of Directors of Sasbadi, having considered all aspects of the MOU, is of the opinion that the MOU is in the best interest of the Sasbadi Group at this stage.


This announcement is dated 28 January 2026.