Pursuant to Paragraph 9.03 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of ITMAX System Berhad ("ITMAX" or the "Company") is pleased to announce that the Company had on 15 August 2024 secured Variation Order No. 11 dated 9 August 2024 (“Letter”) awarded by DBKL for the installation of additional 5,000 CCTVs in Wilayah Persekutuan Kuala Lumpur for a period of 120 months which comprises a 12 months installation period and a 108 months subscription period in respect of the Contract of “Kerja-kerja Membekal Perkhidmatan Penggunaan Sistem CCTV dan VMS Integrated Transport Information System (ITIS) Secara Sewaan Tahun 2021-2026 (2018/A051)” (“Main Contract”), for a contract value of RM539,460,000. The commencement date will be fixed according to the work program agreed upon by the Company and DBKL.

The original Main Contract and the extensions of the Main Contract were disclosed in the initial public offering prospectus of ITMAX dated 25 November 2022 and the announcement made by the Company on 17 May 2024, respectively.

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

This announcement is dated 16 August 2024.