Pursuant to Paragraph 9.03 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of ITMAX is pleased to announce that Southmax Sdn. Bhd. ("Southmax"), a 65%-owned subsidiary of ITMAX, had on 16 March 2026, accepted the Letter of Appointment ("LOA") received on 12 March 2026 awarded by Majlis Bandaraya Johor Bahru (hereinafter referred to as "MBJB") to be the smart parking operator for on-street parking in the area under the jurisdiction of MBJB, for a contract period of 15 years commencing 1 May 2026 to 30 April 2041.

Southmax and MBJB will execute and enter into an agreement.

Please refer to the attachment for the details of the LOA.

This announcement is dated 16 March 2026.