Agmo Holdings Berhad provided update on shareholders' agreement to set-up blockchain platform infrastructure. Reference is made to the prospectus of the Company dated 1 August 2022 (Prospectus) in relation to the shareholders? agreement entered between the Company with Mydigitalcoin Sdn.

Bhd., Bubi Technologies Co. Ltd. and Star Jewel Capital Inc. (collectively the Parties) (Agreement) concerning the joint collaboration to set-up blockchain platform infrastructure (Collaboration). Unless otherwise stated, the terms used in this announcement shall have the same meaning as defined in the Prospectus.

Pursuant to the Agreement dated 21 September 2021: (a) Zetrix Sdn. Bhd. (Zetrix) was set up by the Parties to be principally involved in blockchain business development in and outside Malaysia.

(b) The Company and the Parties agreed to undertake the Collaboration through Zetrix exclusively within any jurisdiction in which Zetrix and its subsidiaries, if any, operate commencing from the date of the Agreement dated 21 September 2021 and shall continue until the expiry of three (3) years from the date of the commercialisation of the first product or service of Zetrix (Exclusivity Period). On 1 July 2024, the Company and the Parties have agreed to extend the Exclusivity Period for an additional five (5) years by way of a letter of agreement. Save as stated above, all the terms and conditions as stated in the Agreement remains unchanged.