XOX Networks had at its 16th Annual General Meeting held on 30 November 2021 obtained the shareholders’ mandate for it and its subsidiaries to provide the event management and digital solution services to Cheetah Holdings Berhad (“Cheetah”) and Cheetah’s subsidiaries. Further details of the transaction are set out in Section 2.4 of the Circular to shareholders dated 29 October 2021 (“Circular”) in relation to the proposed new and renewal of shareholders’ mandate for RRPT.

Pursuant to Rule 10.09(2)(e) and Guidance Note 8 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, XOX Networks wishes to announce that the actual value of the RRPT entered into by Trumpet International Sdn. Bhd. (formerly known as Macpie Pro Sdn. Bhd.) and Octagon Media Sdn. Bhd. (formerly known as Macpie Entertainment Sdn. Bhd.) with Cheetah Corporation (M) Sdn. Bhd. collectively has exceeded the estimated value of the RRPT disclosed in the Circular by more than 10% (“the Variation”).

Further details of the Variation are provided in “Table A” annexed herewith.

This announcement is dated 18 March 2022.