Pursuant to Paragraph 9.03 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of ITMAX ("Board") is pleased to announce that Southmax Sdn Bhd (“SSB”), a 65% owned subsidiary of ITMAX, had on 30 July 2024 accepted the letter of appointment ("LOA" ) dated 28 July 2024 awarded by the Kulai Municipal Council (hereinafter referred to as “MPKu”) to be the operator of smart parking for parking spaces at MPKu for a period of 15 years commencing from 1 August 2024 to 31 July 2039, including simulation period without payment from 1 August 2024 to 30 September 2024.

SSB and MPKu will execute and enter into a definite agreement in respect of the smart parking operation at MPKu.

Please refer to the attachment for full details of the above announcement.

This announcement is dated 30 July 2024.