The Board of Directors of SMTrack ("Board") wishes to announce that SMTrack Berhad had on 8 March 2024 entered into Heads of Agreement ("HOA" or "the Agreement") with Straits Millenium Sdn. Bhd. ("SMSB") ("the Parties") to enter into a joint venture by incorporate a new private limited company as the special purpose vehicle ("SPV") for the proposal of "Empowering Malaysia's Rural Community Centers - Through Rural Digital Economy Under the Smart Village Program" ("the Project").

Details of the announcement are set out in the attachment below.

This announcement is dated 8 March 2024.