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 23 September 2024 accepted the letter of appointment ("LOA") dated 22 September 2024 awarded by Majlis Perbandaran Segamat (hereinafter referred to as “MPS”) to be the operator of smart parking for 7,637 on street parking spaces which are currently gazetted by MPS for a contract period of 15 years commencing from 1 September 2024 to 31 August 2039, including simulation period from 1 October 2024 to 31 December 2024.

SSB and MPS will execute and enter into a contract in respect of the smart parking operation at MPS, including all terms agreed upon among the parties.

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

This announcement is dated 23 September 2024.