Reference is made to the Company's announcements made on 18 February 2025 and 16 May 2025 in relation to the MOA between Agmo Studio Sdn. Bhd. ("Agmo Studio"), a wholly-owned subsidiary of the Company and Sasbadi Online Sdn. Bhd. (“Sasbadi”), a wholly-owned subsidiary of Sasbadi Holdings Berhad (“Announcements”). Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the Announcements.
The Board of Directors of AGMO wishes to announce that the Parties have mutually agreed to extend the timeline for the finalisation and execution of the JVA for a further two (2) months, until 18 October 2025, to allow additional time to finalise the commercial terms and complete the necessary due diligence for the proposed JV Company.
This extension is to ensure that the JVA is executed on mutually acceptable terms and to safeguard the interests of both Parties.
This announcement is dated 18 August 2025.