The board of directors of BM Mobility Ltd. announced that the company had on 28 September 2018 entered into a technology licensing agreement with Eride Sdn. Bhd. to license the Group's electric-vehicle sharing service technology for the purposes of operating electric-vehicle sharing service in selected learning institutions, universities, resorts, and/or places of attraction in Malaysia. The agreement provides for, amongst others, the following: The Technology is licensed to the Licensee on an exclusive basis within the Territory only; the Licence is for a period of five years commencing from the date of the Agreement, with an option for renewal; the Licensee will pay the Licensor a one-time, non-refundable payment and a recurring monthly technology support fee based on revenue generated by the Licensee.