Newsroom

1. Introduction

The Board of Directors of TDEX is pleased to announce that the Company’s had on 5 November 2015 received a Letter of Acceptance dated 5 November 2015 (“LOA”) from the Valuation And Property Services Department of Ministry of Finance, Malaysia for the provision of Property Information System Malaysia (PRISM) hardware and software maintenance  in the Valuation and Property Services Department subject to the terms and conditions stipulated in the LOA (“the Contract”).

2. The Contract Price

The Contract price is RM6,927,100 (Ringgit Malaysia: Six Million Nine Hundred Twenty Seven Thousand and One Hundred only), inclusive of Goods and Services Tax.

3. Duration of the Project

The Contract is for a period of two (2) years and three (3) months commencing 1 September 2015 until 24 November 2017

4. The effect on net asset of the Group

The Contract will have positive effect on the revenue or earnings of TDEX group for the financial year ending 30 April 2016 and is expected to contribute positively to the future earnings and net assets of TDEX group.

5. The risk in relation to the contract

TDEX does not foresee any exceptional risk other than the normal operational risk associated with the Contract and will take the necessary steps to mitigate the risks as and when it occurs.

6. Directors’ and/or Major Shareholders’ Interest

None of the Directors and/or major shareholders of TDEX or persons connected with them have any interest, whether direct or indirect, in the Contract.

7. Statement of the Directors

The Board of Directors of the Company is of the opinion that the above Contract is in the ordinary course of business and is in the best interest of the Company.

This announcement is dated 11 November 2015.