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【XOX 0165 交流专区】XOX说电讯

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发表于 14-11-2020 07:57 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
XOX BHD- Acquisition of Shares in M3 Technologies (Asia) Berhad
Pursuant to Rule 9.19 (26) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, XOX Bhd (“XOX” or “the Company”) wishes to announce that XOX (Hong Kong) Limited, a wholly-owned subsidiary of the Company, had on 17 July 2020 acquired from the open market an aggregate of 6,600,000 ordinary shares in M3 Technologies (Asia) Berhad (“M3 Technologies”), representing 1.02% of the total issued and paid up share capital of M3 Technologies for a total purchase consideration of approximately RM741,180.00 (“Acquisition”). Upon completion of the Acquisition, the total shareholdings held by XOX in M3 Technologies are as follows :


Before the Acquisition
After the Acquisition
No. of Share held in   M3 Technologies
Percentage
No. of Share held in  M3 Technologies
Percentage
Direct Interest




XOX Bhd
32,049,200
4.97%
32,049,200
4.97%





Indirect Interest




XOX (Hong Kong) Limited
Nil
Nil
6,600,000
1.02%
Total
32,049,200
4.97%
38,649,200
5.99%

In connection therewith, the Company is deemed to be a substantial shareholder of M3 Technologies on 17 July 2020.

The Acquisition was based on the prevailing market price of M3 Technologies at the time of purchased and was funded via internally generated funds.

The Acquisition will not have any effects on the share capital and shareholding structure of the Company as the Acquisition was fully satisfied in cash and is not expected to have any material immediate effect on the earnings per share, net assets per share and gearing of XOX for the financial year ending 30 September 2020.

The highest percentage ratio applicable to the Acquisition pursuant to Rule 10.02(g) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad is 0.8%.

The Acquisition is not subject to the approval of the shareholders of the Company or from any relevant authorities.

None of the directors and/or the major shareholders of XOX and/or persons connected with them have any interest, direct or indirect, in the Acquisition.

This announcement is dated 24 July 2020.



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发表于 16-11-2020 09:22 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
XOX BHD- HEAD OF AGREEMENT WITH JIANGSU SULIAN ASSET MANAGEMENT CO., LTD
The Board of Directors (“Board”) of XOX Bhd (“XOX” or the “Company”) wishes to inform that XOX Media Sdn Bhd (“XOX Media”), a wholly-owned subsidiary of the Company, had on 27 July 2020 entered into a Head of Agreement (“HOA”) with Jiangsu Sulian Asset Management Co., Ltd (“Sulian Capital”) to form a non-circumvention and commercial agreement between XOX Media and Sulian Capital (collectively as “Parties”) concerning the introduction of a Chinese Telco, to partner and collaborate with XOX in the regional deployment of 5G mobile networks.

Sulian Capital was incorporated in China as a private limited company which primarily involved in the business covering equity investment, Mergers and acquisitions (M&A) and reorganisation, Initial Public Offering (IPO) listing, bond underwriting, fund management and venture capital.

The salient terms of the HOA are as follows :

Non-Circumvention

i) The Parties agree that the HOA shall also form a non-circumvention clause to prevent XOX from directly engaging negotiations with the yet to be identified Chinese Telecoms party, that will be introduced by Sulian Capital.
ii) The Non-Circumvention clause shall be enforced for 18 months, before any potential deal or contract can be finalised between XOX and the yet to be identified Chinese Telecoms party.
iii) The Non-Circumvention agreement also stipulates that it will survive the entire length of any collaboration or partnership concerning 5G deployment and mobile networks, between XOX and the yet to be identified Chinese Telecoms party, until termination.

Commercials

i) The Parties agree that on success of any deal, partnership or collaboration agreement between the yet to be identified Chinese Telecoms Party and XOX, that Sulian Capital will be entitled to a quarterly participation fee as the introducing party ("Participation Fee").
ii) This Participation Fee is fixed at 10% of XOX’s net profits arising from any deal, partnership or collaboration between XOX and the yet to be identified Chinese Telecoms Party.
iii) This Participation Fee will be covered under the non-circumvention clauses above.
iv) The Participation Fee of 10% of net profits at XOX’s level, will form a general mandate on any deal, partnership or collaboration arising from Sulian Capital’s introduction, unless a specific project and fee relating to said project is identified, acknowledged by the parties and included as an addendum to this HOA.

The HOA shall be effective from 27 July 2020 upon the execution by the Parties and shall terminate upon the occurrence of any of the following events:

i) 18 months with no finalised commercial agreement between XOX and the yet to be identified Chinese Telecoms operator.
ii) mutual termination by both Parties, in writing.
iii) in the event of insolvency, liquidation or filing of winding up petition of either party.

The HOA will not have any effects on the share capital and shareholding structure of the Company and is not expected to have any material immediate effect on the earnings per share, net assets per share and gearing of XOX for the financial year ending 30 September 2020.

Similar to all business entities, the risk factors affecting the execution of the HOA, including but not limited to business risks such as prudent financial management, changes in political, economic and regulatory conditions. However, the Board will continue to exercise due care in considering the risks associated with the HOA and will take appropriate measures in planning the successful execution of the HOA.

The HOA being incurred in the ordinary course of business, is not subject to the approval of the shareholders.

None of the Directors and/or other major shareholders of the Company and/ or any persons connected to them have any interest, direct or indirect, in relation to the HOA.

The Board, after due consideration, is of the opinion that the HOA is in the best interest of the Group.

This announcement is dated 27 July 2020.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3072254

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发表于 20-11-2020 05:23 AM | 显示全部楼层
XOX BHD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Conversion of Preference Shares
Details of corporate proposal
Conversion of Irredeemable Convertible Preference Shares
No. of shares issued under this corporate proposal
358,430,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.0500
Par Value($$) (if applicable)

Latest issued share capital after the above corporate proposal in the following
Units
2,061,504,275
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 178,625,460.570
Listing Date
29 Jul 2020


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发表于 21-11-2020 09:24 AM | 显示全部楼层
XOX BHD

Particulars of substantial Securities Holder
Name
KEY ALLIANCE GROUP BERHAD
Address
Lot 18.2, 18th Floor,
Menara Lien Hoe,
No. 8 Persiaran Tropicana,
Petaling Jaya
47410 Selangor
Malaysia.
Company No.
200301007533(609953-K)
Nationality/Country of incorporation
Malaysia
Descriptions (Class)
Ordinary Shares
Details of changes
No
Date of change
No of securities
Type of TransactionNature of Interest
128 Jul 2020
248,600,000
OthersDirect Interest
Name of registered holder
KEY ALLIANCE GROUP BERHAD
Address of registered holder
Lot 18.2, 18th Floor, Menara Lien Hoe, No. 8 Persiaran Tropicana, 47410 Petaling Jaya, Selangor
Description of "Others" Type of Transaction
Conversion of ICPS

Circumstances by reason of which change has occurred
Conversion of Irredeemable Convertible Preference Shares
Nature of interest
Direct Interest
Direct (units)
347,900,000
Direct (%)
16.88
Indirect/deemed interest (units)
0
Indirect/deemed interest (%)
0
Total no of securities after change
347,900,000
Date of notice
29 Jul 2020
Date notice received by Listed Issuer
29 Jul 2020

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发表于 4-12-2020 07:30 AM | 显示全部楼层
本帖最后由 icy97 于 27-12-2020 07:59 AM 编辑

XOX BHD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Conversion of Preference Shares
Details of corporate proposal
Conversion of Irredeemable Convertible Preference Shares
No. of shares issued under this corporate proposal
42,608,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.0500
Par Value($$) (if applicable)

Latest issued share capital after the above corporate proposal in the following
Units
2,108,472,975
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 181,126,130.570
Listing Date
10 Aug 2020

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发表于 5-12-2020 08:18 AM | 显示全部楼层
Notice of Interest Sub. S-hldr (Section 137 of CA 2016)
XOX BHD
Particulars of Substantial Securities Holder
Name
DATUK CHAI WOON CHET
Nationality/Country of incorporation
Malaysia
Descriptions (Class)
Ordinary Shares
Name of registered holder
Datuk Chai Woon Chet
Date interest acquired & no of securities acquired
Date interest acquired
07 Aug 2020
No of securities
4,100,000
Circumstances by reason of which Securities Holder has interest
Acquired of shares
Nature of interest
Direct Interest
Total no of securities after change
Direct (units)
112,833,400
Direct (%)
5.35
Indirect/deemed interest (units)
0
Indirect/deemed interest (%)
0
Date of notice
07 Aug 2020
Date notice received by Listed Issuer
07 Aug 2020

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发表于 5-12-2020 08:18 AM | 显示全部楼层
Name
MR TAM PING KUEN, DANIEL
Nationality/Country of incorporation
Hong Kong
Descriptions (Class)
Ordinary Shares
Details of changes
No
Date of change
No of securities
Type of TransactionNature of Interest
107 Aug 2020
30,000,000
AcquiredDirect Interest
Name of registered holder
Tam Ping Kuen, Daniel
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred
Acquired of shares via open market transaction
Nature of interest
Direct Interest
Direct (units)
170,000,000
Direct (%)
8.06
Indirect/deemed interest (units)
0
Indirect/deemed interest (%)
0
Total no of securities after change
170,000,000
Date of notice
07 Aug 2020
Date notice received by Listed Issuer
07 Aug 2020

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发表于 14-12-2020 08:25 AM | 显示全部楼层
XOX BHD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Conversion of Preference Shares
Details of corporate proposal
Conversion of Irredeemable Convertible Preference Shares
No. of shares issued under this corporate proposal
187,055,500
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.0500
Par Value($$) (if applicable)

Latest issued share capital after the above corporate proposal in the following
Units
2,306,334,075
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 191,210,105.570
Listing Date
19 Aug 2020
2. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Conversion of Preference Shares
Details of corporate proposal
Conversion of Irredeemable Convertible Preference Shares
No. of shares issued under this corporate proposal
79,831,400
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.0500
Par Value($$) (if applicable)

Latest issued share capital after the above corporate proposal in the following
Units
2,386,165,475
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 195,201,675.570
Listing Date
19 Aug 2020

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发表于 18-12-2020 09:37 AM | 显示全部楼层
本帖最后由 icy97 于 25-12-2020 08:50 AM 编辑

Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
XOX BHD-  Acquisition of Shares in M3 Technologies (Asia) Berhad
The Board of Directors of XOX Bhd (“XOX” or “the Company”) wishes to announce that XOX (Hong Kong) Limited, a wholly-owned subsidiary of the Company, had from the period between 20 July 2020 to 10 August 2020 acquired from the open market an aggregate of 33,730,800 ordinary shares in M3 Technologies (Asia) Berhad (“M3 Technologies”), representing 5.23% of the total issued and paid up share capital of M3 Technologies for a total purchase consideration of approximately RM4,433,912.11 (“Acquisition”).

Further details of the Acquisition are set out in the attachment herein.

This announcement is dated 21 August 2020.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3079765




Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
XOX BHD-  Acquisition of Shares in M3 Technologies (Asia) Berhad
(Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 21 August 2020.)

Reference is made to the Company’s announcement made on 21 August 2020.

XOX Bhd (“XOX” or “the Company”) wish to further announce that pursuant to the latest consolidated audited financial statements of M3 Technologies (Asia) Berhad (“M3 Technologies”) as at 31 December 2019, M3 Technologies was recorded a loss after taxation of RM8.53 million and net assets was RM23.25 million.

This announcement is dated 25 August 2020.



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发表于 20-12-2020 09:16 AM | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2020
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Jun 2020
30 Jun 2019
30 Jun 2020
30 Jun 2019
$$'000
$$'000
$$'000
$$'000
1Revenue
58,536
74,097
182,617
0
2Profit/(loss) before tax
-11,357
383
-15,061
0
3Profit/(loss) for the period
-11,461
445
-15,288
0
4Profit/(loss) attributable to ordinary equity holders of the parent
-11,325
682
-14,979
0
5Basic earnings/(loss) per share (Subunit)
-1.02
0.06
-1.35
0.00
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.0821
0.0853

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发表于 27-12-2020 07:58 AM | 显示全部楼层


Type
Announcement
Subject
OTHERS
Description
XOX BHD- STRATEGIC COLLABORATION AGREEMENT WITH ALIPAY LABS (SINGAPORE) PTE. LTD.
The Board of Directors (“Board”) of XOX Bhd (“XOX” or the “Company”) wishes to inform that XOX Wallet Sdn Bhd (“XOX Wallet”), a wholly-owned subsidiary of the Company, had on 24 August 2020 entered into a Strategic Collaboration Agreement (“Agreement”) with Alipay Labs (Singapore) Pte. Ltd to collaborate in the blockchain-based solutions for a period of 3 years.

Alipay Labs (Singapore) Pte. Ltd is a private limited liability company incorporated in Singapore and is an affiliate company of Ant Group Co., Ltd.

The Agreement shall be effective from 24 August 2020 for a period of 3 years.

The Agreement will not have any effects on the share capital and shareholding structure of the Company and is not expected to have any immediate material effect on the earnings per share, net assets per share and gearing of XOX for the financial year ending 30 September 2020.

Similar to all business entities, the risk factors affecting the execution of the Agreement, including but not limited to business risks such as prudent financial management, changes in political, economic and regulatory conditions. However, the Board will continue to exercise due care in considering the risks associated with the Agreement and will take appropriate measures in planning the successful execution of the Agreement.

The Agreement being incurred in the ordinary course of business, is not subject to the approval of the shareholders.

None of the Directors and/or other major shareholders of the Company and/ or any persons connected to them have any interest, direct or indirect, in relation to the Agreement.

The Board, after due consideration, is of the opinion that the Agreement is in the best interest of the Group.

This announcement is dated 26 August 2020.



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发表于 30-12-2020 08:00 AM | 显示全部楼层
XOX BHD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Others
Details of corporate proposal
Share Issuance Scheme
No. of shares issued under this corporate proposal
65,000,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.2000
Par Value($$) (if applicable)

Latest issued share capital after the above corporate proposal in the following
Units
2,476,068,975
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 209,829,885.570
Listing Date
28 Aug 2020

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发表于 3-1-2021 08:30 AM | 显示全部楼层
XOX BHD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Conversion of Preference Shares
Details of corporate proposal
Conversion of Irredeemable Convertible Preference Shares
No. of shares issued under this corporate proposal
3,788,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.0500
Par Value($$) (if applicable)

Latest issued share capital after the above corporate proposal in the following
Units
2,479,856,975
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 210,019,285.570
Listing Date
01 Sep 2020
2. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Exercise of Warrants
Details of corporate proposal
Conversion of Warrants B
No. of shares issued under this corporate proposal
1,380,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.0600
Par Value($$) (if applicable)

Latest issued share capital after the above corporate proposal in the following
Units
2,481,236,975
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 210,102,085.570
Listing Date
01 Sep 2020
3. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Others
Details of corporate proposal
Share Issuance Scheme
No. of shares issued under this corporate proposal
829,900
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.1000
Par Value($$) (if applicable)

Latest issued share capital after the above corporate proposal in the following
Units
2,482,066,875
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 210,185,075.570
Listing Date
01 Sep 2020
4. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Others
Details of corporate proposal
Share Issuance Scheme
No. of shares issued under this corporate proposal
50,000,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.2000
Par Value($$) (if applicable)

Latest issued share capital after the above corporate proposal in the following
Units
2,532,066,875
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 220,185,075.570
Listing Date
01 Sep 2020

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发表于 6-1-2021 08:55 AM | 显示全部楼层
XOX BHD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Others
Details of corporate proposal
Share Issuance Scheme
No. of shares issued under this corporate proposal
50,000,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.2000
Par Value($$) (if applicable)

Latest issued share capital after the above corporate proposal in the following
Units
2,582,066,875
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 230,185,075.570
Listing Date
02 Sep 2020


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发表于 7-1-2021 08:22 AM | 显示全部楼层
XOX BHD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Others
Details of corporate proposal
Share Issuance Scheme
No. of shares issued under this corporate proposal
30,000,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.2000
Par Value($$) (if applicable)

Latest issued share capital after the above corporate proposal in the following
Units
2,612,066,875
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 236,185,075.570
Listing Date
03 Sep 2020

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发表于 8-1-2021 07:59 AM | 显示全部楼层
XOX BHD

2. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Others
Details of corporate proposal
Share Issuance Scheme
No. of shares issued under this corporate proposal
75,000,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.2000
Par Value($$) (if applicable)

Latest issued share capital after the above corporate proposal in the following
Units
2,687,316,875
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 251,197,575.570
Listing Date
04 Sep 2020

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发表于 9-1-2021 07:00 AM | 显示全部楼层
XOX BHD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Others
Details of corporate proposal
Share Issuance Scheme
No. of shares issued under this corporate proposal
65,000,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.2000
Par Value($$) (if applicable)

Latest issued share capital after the above corporate proposal in the following
Units
2,770,932,975
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 267,584,185.570
Listing Date
08 Sep 2020

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发表于 12-1-2021 07:30 AM | 显示全部楼层
XOX BHD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Conversion of Preference Shares
Details of corporate proposal
Conversion of Irredeemable Convertible Preference Shares
No. of shares issued under this corporate proposal
4,473,800
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.0500
Par Value($$) (if applicable)

Latest issued share capital after the above corporate proposal in the following
Units
2,785,033,275
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 268,289,515.570
Listing Date
14 Sep 2020
2. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Others
Details of corporate proposal
Share Issuance Scheme
No. of shares issued under this corporate proposal
1,219,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.1000
Par Value($$) (if applicable)

Latest issued share capital after the above corporate proposal in the following
Units
2,786,252,275
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 268,411,415.570
Listing Date
11 Sep 2020
3. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Others
Details of corporate proposal
Share Issuance Scheme
No. of shares issued under this corporate proposal
25,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.2000
Par Value($$) (if applicable)

Latest issued share capital after the above corporate proposal in the following
Units
2,786,277,275
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 268,416,415.570
Listing Date
11 Sep 2020
4. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Others
Details of corporate proposal
Share Issuance Scheme
No. of shares issued under this corporate proposal
50,000,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.2000
Par Value($$) (if applicable)

Latest issued share capital after the above corporate proposal in the following
Units
2,836,277,275
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 278,416,415.570
Listing Date
11 Sep 2020

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发表于 13-1-2021 07:11 AM | 显示全部楼层
XOX BHD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?
No
Types of corporate proposal
Others
Details of corporate proposal
Share Issuance Scheme
No. of shares issued under this corporate proposal
50,000,000
Issue price per share ($$)
Malaysian Ringgit (MYR)   0.2000
Par Value($$) (if applicable)

Latest issued share capital after the above corporate proposal in the following
Units
2,886,277,275
Issued Share Capital ($$)
Malaysian Ringgit (MYR) 288,416,415.570
Listing Date
14 Sep 2020

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发表于 16-1-2021 08:55 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
XOX BHD- PROVISIONAL TECHNOLOGY PARTNERSHIP AGREEMENT WITH NEXION TECHNOLOGIES LIMITED
The Board of Directors (“Board”) of XOX Bhd (“XOX” or the “Company”) wishes to inform that the Company, had on 17 September 2020 entered into a Provisional Technology Partnership Agreement (“Agreement”) with Nexion Technologies Limited (“Nexion”) to establish a long-term and stable strategic partnership in order to ensure XOX and Nexion (collectively as, “Parties”) competitiveness and offerings to a more challenging global market.

Nexion was incorporated in the Cayman Islands with limited liability and listed on Hong Kong Stock Exchanges Gem Board, which is principally engaged in provision of cyber infrastructure solutions services, cyber security solutions services and SaaS.

Pursuant to the Agreement, the Parties will finalise a formal agreement with the other party setting forth :

(a) the respective undertakings of the Parties;
(b) the effective date and duration of the arrangement between the Parties;
(c) Nexion will supply its equipment and system to XOX for the cybersecurity risk and susceptible to data breaches, malware attack and phishing exposed by digital transformation;
(d) XOX will assist Nexion to operate software-as-a-service (“SaaS”) platform to provide integrated services to individuals and enterprises in Malaysia;
(e) both Parties will enter into a cooperation about operating sharing economy clearing payment platform through SaaS system in the Malaysia and/or other countries;
(f) deepen technical exchanges between the Parties about digital technology, intelligent, cyber infrastructure solutions and cyber security solutions;
(g) Nexion will supply the cyber security system of new mobile subscription plan based on embedded SIM card (“eSIM”) technology in Malaysia (“XOX eSIM”) of XOX; and
(h) other terms and conditions (legal and/or commercial) as the Parties may agree, such as, but not limited to, volume of traffic that each Party may provide, limitation of liability, assignment, dispute resolution, etc

The Agreement shall commence on 17 September 2020 and may be terminated by :

(a) subsequent written agreement of the Parties;
(b) the Parties’ execution of or failure to execute a formal agreement within one (1) month from the date of the Agreement; or
(c) any beach of a material term of the Agreement, any material misrepresentation, or the insolvency or commission of any act prejudicial to the interests of any party by the other party.

The Agreement will not have any effects on the share capital and shareholding structure of the Company and is not expected to have any material immediate effect on the earnings per share, net assets per share and gearing of XOX for the financial year ending 30 September 2020.

Similar to all business entities, the risk factors affecting the execution of the Agreement, including but not limited to business risks such as prudent financial management, changes in political, economic and regulatory conditions. However, the Board will continue to exercise due care in considering the risks associated with the Agreement and will take appropriate measures in planning the successful execution of the Agreement.

The Agreement being incurred in the ordinary course of business of the Group, is not subject to the approval of the shareholders.

None of the Directors and/or other major shareholders of the Company and/ or any persons connected to them have any interest, direct or indirect, in relation to the Agreement.

The Board, after due consideration, is of the opinion that the Agreement is in the best interest of the Group.

This announcement is dated 17 September 2020.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3088937

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