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 12 September 2024 accepted the letter of appointment ("LOA") dated 10 September 2024 awarded by Majlis Daerah Tangkak (hereinafter referred to as “MDT”) to be the operator of smart parking for 5,113 on street parking spaces which are currently gazetted by MDT for a period of 15 years commencing from 1 September 2024 to 31 August 2039, including simulation period without payment from 1 July 2024 to 30 August 2024.

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

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

This announcement is dated 12 September 2024.