With reference to the Company’s previous announcement dated 24 July 2019 in relation to the receipt of an Originating Summons (“OS”) filed by Education Malaysia Global Services (“EMGS”), the OS was filed by EMGS pursuant to an agreement dated 1 November 2012 entered into between the Company and EMGS wherein EMGS is seeking to enforce a purported right under the said agreement to access the data captured in the Company’s proprietary system.

On the 15th of August 2019, an application to stay proceedings (“Stay Application”) was filed on behalf of the Company in the High Court. The Stay Application was heard on the 11th of December 2019. The Company is pleased to announce that the High Court allowed the Company’s application to stay the proceedings brought by EMGS seeking declaratory and injunctive relief over access to the Company’s proprietary system data. The High Court ordered that any dispute be referred to arbitration in accordance with the terms of the agreement entered into between the parties. The High Court awarded costs to the Company.

This announcement is dated 12 December 2019.