The Board of Directors of RAMSSOL is pleased to announce that RAMSSOL and Rams Solutions Co., Ltd., a 99.9% owned subsidiary of the Company (“Rams Thailand”) had on 25 June 2024 entered into a conditional Share Sale Agreement with Tanasak Tantitarntong, Kitipat Veerachien and Rujirat Chuangsungnern for the acquisition of 15,300 ordinary shares in GeekStart Company Limited (“GeekStart”) by Rams Thailand, representing 51.00% equity interest in GeekStart, for a purchase consideration of RM6,926,884 to be satisfied via issuance of 13,069,592 new ordinary shares in RAMSSOL (“Consideration Shares”), at an issue price of RM0.53 per Consideration Share ("Proposed Acquisition").

Please refer to the attachment for more details on the Proposed Acquisition. 

This announcement is dated 25 June 2024.