The Board of Directors of Divfex Berhad (“DFX” or “the Company”) wishes to announce that Excel Commerce Solutions Sdn Bhd (“EXCEL”), a 51% owned subsidiary of DFX, has accepted a new Letter of Award ("LOA") from Extreme Broadband Sdn Bhd ("EBB") dated 10th February 2025 to supply and install data center equipment system for EBB for the total contract value of RM18.5million. The supply and install contract will commence in February 2025 and is expected to be completed by August 2025.

EXCEL was incorporated in 2005 to provide IT outsourcing services in Malaysia. EXCEL has established itself as a leading provider of managed network services, thanks to our expertise and commitment to delivering high-performance total solutions that ensure complete client satisfaction across various industries.

EBB is a private limited company incorporated in Malaysia on 5 May 2005 and has been in the business of providing system integration, application development, network consultancy related services, data centre management, disaster recovery services, maintenance support and other IT related services in Malaysia.

The LOA will have no effect on the issued share capital and substantial shareholders’ shareholdings in the Company.

The LOA is expected to contribute positively to the revenue, earnings and net assets of DFX Group for the financial year ending 30 June 2025.

None of the Directors and/or the substantial shareholders of the Company and/or persons connected with the Directors and/or substantial shareholders of the Company have any interest, direct or indirect in the LOA.

The Board of Directors of the Company is of the opinion that the LOA is in the best interest of DFX Group.

This announcement is dated 10 February 2025.