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AwanBiru Technology Berhad (Awantec) banded together with Universiti Teknologi Mara (UiTM) to drive the upskilling of Persons with Disabilities (PWDs) within UiTM campuses across the nation. The fruit of the collaboration, nicknamed No One Left Behind is a programme that is very much focused on effective upskilling and self-development of PWDs to address economic disparities across the said group – in line with both the Government’s Shared Prosperity Vision 2030 and UiTM primary focus of inclusivity. Capitalising on state-of-the-art profiling systems, Awantec will play a pivotal part to accurately and systematically appraise PWDs primarily, along with the B40 group across UiTM to propel holistic upskilling and development of the said groups. This includes future proofing them for the Industry 4.0 via online learning to keep them ahead of the curve. The pilot initiative which spans across 12-month, is a pure manifestation of commitment by both Awantec and UiTM towards addressing PWDs limited access to employment, by leveraging on digital learning’s cornerstone of multi-modality to institute equal academic footing, giving PWDs a fighting chance to prosper like everybody else. In a small ceremony held this morning at UiTM Puncak Alam Campus, Selangor, the Deputy Rector (Student Affairs), Associate Professor Dr. Badrul Isa disclosed the starting point of the initiative and the university’s aspiration towards realising the Shared Prosperity Vision 2030. “The recent statistic revealed that we have more than 150 PWD students, studying in UiTM across 16 of our campuses nationwide,” he highlighted. “UiTM is the very first public university in Malaysia that prioritized the PWD Service Unit by placing it right under the supervision of the Vice Chancellor’s Office. The establishment of the PWD Service Unit itself is very much aligned with the foundation of the PWD Inclusivity Guideline for Institutions of Higher Education, which was launched back in September 2019. It is my wish for this initiative to be the stepping stone towards the bright future of equal and holistic development for all, with no one left behind, as per outlined in the Shared Prosperity Vision 2030,” he added. Representing Awantec, Dr. Peter Lee Fuei Siong, Director, Talent and Development expressed the Group’s full, undivided commitment towards achieving the same goal. “Changes are taking place. The way of everything being done is evolving rapidly. There is no other way around, other than future-proofing the PWDs to give them the same edge to be able to stay ahead. As the nation’s leading Technology and Talent provider, we are all in to ensure the PWDs are able to benefit from online learning and all of its advantages to accommodate for their needs, in ensuring our vision of holistic society growth to become a reality,” said Dr Peter Lee.

Aspiring to celebrate employees’ collective interest and to address on key topics, AwanBiru Technology Berhad (Awantec) has launched its first virtual talk session. The first out of many more to come, encapsulate the topical issue of back pain at workplace and on methods to overcome it. While the employees are given ergonomic chairs to match with the ideal working desks in the office, working from home (WFH) poses different set of challenges altogether as the setups vary – from makeshift computer table to repurposed dining table. As the comfort level drops, health problems ensues, followed by a dip in productivity. Aware of the WFH’s obstacle, Awantec seek some professional guide from physiotherapist duo, Ms. Amirah Husna Abdullah Sharwani and Ms. Siti Nurhanifa Abdul Rahim to shed some light in order for the Group to combat work-related musculoskeletal disorders and back pain. The virtual talk session witnessed encouraging Group-wide participations, as the employees were raring to remedy and where possible, to avoid the issues altogether from impacting their quality of life and work productivity. While explaining in detail of the human body and its anatomy, Ms. Amirah touched on the general ruling where one should avoid staying in a static posture for two consecutive hours. “Prolonged, static sitting position and bad heavy loading movement are two major contributors of work-related muscle injuries. However, the risk can be mitigated by paying more attention on postural care and regular stretching,” Ms. Amirah highlighted. With the Group elucidated on their anatomy, along with proper sitting and working posture, the professional duo left the employees with proper stretching techniques as demonstrations were given from the neck, all the way to hamstring to impart correct stretching methods – with a quip reminder that it will take more than one or two sessions for the body to be flexible again.

AwanBiru Technology Berhad (Awantec) joined the Sabah State Government today in a virtual launch of the Sabah ELITE Percipio, an online learning platform implemented to enable fully online learning for 1,500 of their senior officers, encompassing those of Grade 41 up to JUSA level. The Sabah ELITE Percipio is an initiative by Sabah State Government to foster lifelong learning culture for their officers, allowing them to upskill themselves via any courses of their choice, anytime, anywhere, on any mobile devices – in line with the Fifth Enabler of Digital Government within the Hala Tuju Sabah Maju Jaya development blueprint. The online learning platform was launched, and officiated virtually by the State Secretary of Sabah, Yang Berhormat Datuk Seri Panglima Sr. Haji Safar Bin Untong, and was graced by the presence of Sabah State Director-General of the Public Service Department, Datuk Rosmadi Datu Sulai along with a handful of Sabah State Government’s key officers as well. Awantec initiated mobilization of the Sabah ELITE Percipio when its wholly-owned subsidiary, Prestariang System Sdn Bhd (PSSB) received the appointment from Sabah State Government, back in December 2020, of which encompasses the provision of implementation of the online learning platform and change management elements as well. PSSB will also support the curation Sabah ELITE Percipio’s specific competency based course and curriculum, where some of the courses will lead to a fair number of globally recognized certifications. The virtual launch was also participated by Dr. Peter Lee Fuei Siong, Awantec’s Director of Talent and Development, and Mdm Vithia A/P Paltore, Awantec’s Senior Manager, Learning and Talent Services. The Sabah ELITE Percipio appointment is expected to drive fair revenue to the Awantec Group.

Sets Stage for Growth as an Appointed Managed Service Provider to Google Cloud under the MyDigital Blueprint and Capitalise on Opportunities in the Wider Digital Economy. AwanBiru Technology Berhad (Awantec or the Group), today reported its current quarter results ended 31 December 2020 for financial year ending 31 June 2021 (FYE21) to Bursa Malaysia Securities Berhad. The Group recorded a revenue of RM38.1 million for the current quarter, which was RM6.8 million higher than the corresponding quarter of RM31.3 million in previous year. This was mainly driven by higher revenue for Software & Services and Talent segment which recorded a growth of 34%. The Group’s profit before tax (PBT) is RM11.3 million for the current reporting quarter or 424% higher than preceding year loss of RM3.5 million. This is mainly due to gain on completion of the disposal of Prestariang Education Sdn Bhd, effective as of 16 November 2020. The Group has made substantial progress in its rationalisation plan which resulted in a strong cash position that will give the Group the resilience needed to rebuild its revenue base with new partners, product lines, and services in the coming quarters. Revenue contraction is however expected in the immediate term following exit from the Microsoft Partner Network. The Group’s financial position was further strengthened with the completion of the private placement of shares and rights issue on 30 November 2020 which raised gross cash proceeds of RM63.22 million. Awantec has the capability, financial reserves from the recent corporate exercise and products and services offerings, to be a key player in tapping into the vast opportunities of the digitalisation process in Malaysia. This includes providing the necessary ecosystem with latest technology working together with its global technology partners as well as offering right talents to drive digital adoption, which is aligned to the MyDigital Blueprint. The Group’s transformation plan which started since early 2020, has successfully positioned Awantec as a leading Technology and Talent Platform Innovator providing multi-cloud management services and lifelong learning talent lifecycle services to support the digitalisation of Malaysia. Awantec’s wholly-owned subsidiary, Prestariang Systems Sdn Bhd, was named by its partner Google Cloud as the Managed Service Provider appointed under the Government’s MyDigital Blueprint. The scope of this appointment for the group will include Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS) and Anything as a Service (XaaS) for the next three years from 2021 to 2023. Together with Google Cloud, Awantec Group will be driving adoption of Google Cloud Products and Services, where the Government is aiming for the migration of 80% of public data into a hybrid cloud system by 2022. Awantec has broaden its range of products and services growing from just managing software licenses into providing multiple Cloud products and related services. In the Talent segment, the Group has also expanded its talent business from training to include job placement and upskilling and reskilling. Awantec Group has also recently secured a 3-year contract valued at approximately RM50 million from the state-owned project Menteri Besar Selangor Incorporated known as the Selangor Kerjaya Program implemented to provide skills training and job placement for 10,000 job seeking Selangorians. The Board is of the view that the Group is in good position to capitalise on the task of meeting the market requirement for technology and talent services to spearhead its business growth following its successful transformation and rationalisation plans.

Google Cloud today announced that it is fully empaneled to provide cloud services to Malaysian public sector agencies to support their digital transformation initiatives in alignment to the Government Economic Transformation Plan. This morning, the Prime Minister Tan Sri Muhyiddin Yassin launched MyDIGITAL - the Malaysia Digital Economy Blueprint. The announcement detailed a new and comprehensive approach to existing information and digital technology initiatives, as well as the key Cloud Service Providers and Managed Service Providers for the implementation. In line with the announcement, Google Cloud and local partner Prestariang Systems, a wholly-owned subsidiary of AwanBiru Technology Berhad (Awantec), have been selected to support government agencies with Google Cloud Platform and Google Workspace after an evaluation by the Malaysian Administrative Modernisation and Management Planning Unit (MAMPU). The appointment is in respect of Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS) and Anything as a Service (XaaS) for the next three years from 2021 to 2023. Google Cloud’s technology meets the Government’s advanced security infrastructure requirements and provides a collaborative platform for service delivery to the people. “We congratulate the Government on the launch of MyDIGITAL and in taking a bold step forward to implement a new digital economy blueprint for the country. We are honoured to be selected and be part of this transformation plan. Full cloud service provider empanelment by MAMPU allows Google Cloud to continue playing a key role in supporting government agencies — directly and through our valued partners. We’re honoured to be fully certified by MAMPU to work with government agencies to harness our cloud services and collaboration tools with added peace of mind around security and compliance,” said Paul Wilson, Director, Public Sector, Google Cloud. To further help government agencies with their digital transformation, Google Cloud will develop a Cloud Center of Excellence to deliver hands-on training around Google Cloud tools and technologies to public sector teams to drive best practices for cloud implementations. Google Cloud will also work with MAMPU to develop a Creativity Skills for Innovation Lab to help foster a culture of innovation within the public sector. At the same time, Google Cloud and Prestariang Systems will be organising interactive workshops to support public sector organizations with user research and rapid prototyping with Google Cloud’s tools. "We’re proud to work with Google Cloud as their partner to fulfil the needs of customers in Malaysia’s public sector, and to help them continue to optimize their cloud infrastructure and innovate to deliver new citizen services. With almost 20 years of experience in delivering technology and talent solutions to the Government, we are committed to drive the technology industry in Malaysia towards and beyond the new digital economy,” said Syed Naqiz Shahabuddin, Chairman, Awantec.

AwanBiru Technology Berhad (Awantec) joined the Menteri Besar Selangor Incorporated (MBI Selangor) today in a virtual launch of the Selangor Kerjaya Programme implemented to provide skills training and job placement for 10,000 job seeking Selangorians. The Selangor Kerjaya Program is an initiative by the Selangor State Government to drive the state economy forward through elevating skills sets of workforce and effective career matching for employees and employers. The ‘Train & Place’ segment of the Selangor Kerjaya Program will be implemented by Awantec Group. Selangor Kerjaya Program is set to mitigate the impact of job losses caused by the COVID-19 pandemic. The Selangor Kerjaya Programme was launched and officiated virtually by YAB Dato’ Seri Amirudin Bin Shari, Dato’ Menteri Besar of Selangor, and participated by Puan Hajah Norita Mohd Sidek, Chief Executive Officer of MBI Selangor along with Dr. Abu Hasan Ismail, President/Group Chief Executive Officer of Awantec. Awantec Group started mobilization of the Selangor Kerjaya Programme in November 2020 when its wholly-owned subsidiary, Prestariang Systems Sdn Bhd received the contract appointment from MBI valued at approximately RM50 million, of which, will be based on actual number of candidates successfully trained and placed. The 3-year Program is set to benefit 10,000 job seeking Selangorians. The target for 2021 is to provide 2,000 job opportunities that will be filled by graduates from institutes of higher learning, high school graduates including vocational academy and retrenched workforce. Awantec will provide profiling, upskilling and job placement as well as analytics, intelligence and digitalization to the Selangor state government. This will give advantage to the State in strategic economic planning and improve employment opportunities of its residence in future. The virtual launch was also graced by the participations of Mr. Brian Sim, Managing Director of Kelly Services (M) Sdn Bhd, Mr. Ray Teng Say Aun, Chief Executive Officer of Agensi Pekerjaan AJobThing Sdn Bhd, Ms. Siti Shafinaz Md Salim, Head Technology Hub Development of Cyberview Sdn Bhd, Ms. Sophy Malik, Senior Channel Sales Director of Skillsoft, Mr. Raja Azmi Adam, Public Sector Director of Google Malaysia and Mr Shobhit Srivastava, Senior Manager Strategic Accounts of SHL Sdn Bhd. The Selangor Kerjaya Program contract is expected to contribute positively towards the earnings and net assets per share of Awantec Group.

AwanBiru Technology Berhad (Awantec) via its subsidiary, Prestariang Oil and Gas Sdn Bhd, owner and operator of Prestariang Skills Training Institute (PSTI), entered into a Memorandum of Collaboration (MoC) with CIDB Technologies Sdn Bhd (CIDB Tech) in a virtual signing ceremony which was hosted at Awantec’s headquarters in Cyberjaya, earlier today. The collaboration aims to produce competent and market-ready talents, trained exclusively under the Construction Skills Competency Training (CSCT) Programme, in adherence to CIDB’s requirement of Act 520 (the “Act”) which focuses on construction quality and safety. The MoC was signed by Awantec’s Chief Operating Officer (COO), Mr. Baldesh Singh A/L Manmohan Singh, whilst signing on behalf of CIDB Tech was its Chief Executive Officer (CEO), Mr. Mohamad Darus Bin Taib. The signing was witnessed by Awantec’s Chief Financial Officer, Mr. Abdul Rahim Bin Awang and CIBD Tech’s Senior Manager Operation, Mr. Rosman Bin Ahmad. CEO of CIDB Tech, Mr. Mohamad Darus, emphasised on the concern of conforming to the Act, in the virtual engagement. “The amended Act 520 makes it compulsory for construction personnel to be registered with CIDB. This is to allow CIDB to gather sufficient and accurate data on the number of construction personnel available and needed, the relevance of skills training programmes to the nation's need, and to keep tabs on standards of construction workers. The amendment also requires all construction site supervisors and skilled construction personnel as specified in the Third Schedule of Act 520 to be accredited by CIDB, and to hold a valid CIDB issued certificate according to their respective trades and skills. This is because construction personnel who have been certified of their skills can produce work of high quality, be competent and highly productive. This in turn will increase the image of the construction workforce and attract more to be involved in this line,” said Mohamad Darus. “Anyone caught working without proper registration and accreditation papers will be slapped with a fine of not exceeding RM5,000. Likewise, the same penalty will also be imposed on employers of workers who are not accredited to carry out construction work,” he added. PSTI was appointed as the sole private Accredited Competency Evaluation Centre by CIDB Tech back in October 2020. Regarding the CSCT programme, PSTI will be conducting trainings and evaluations for skilled-personnel, encompassing few welding fields and courses: · SMAW – CS Plate 3F Welder · SMAW – CS Plate 1G Welder · SMAW – CS Pipe 6G Welder · GTAW – CS Pipe 6G Welder · GTAW – CS Plate 3G Welder · SMAW – CS Pipe 5G Welder · SMAW – CS Plate 3G Welder The collaboration is laid to be extended to include placement and training for a fair number of certified welders in oil and gas industries by middle of 2021. “We are proud to be a part of this partnership with CIDB Tech. Our team is excited to deliver their share in this collaboration. For us, this is more than ramping up the construction quality by ensuring skills and competencies of the personnel - This is to safeguard their own safety during the building process and ultimately the public interest as well, post the construction works,” said Baldesh Singh, COO of Awantec. The ceremony was also graced with the presence of Awantec’s executive management members, Yasmin Binti Abdullah, Dr Peter Lee Fuei Siong and members from PSTI, streaming live from Bandar Penawar, Johor Darul Takzim.

Huawei Technologies (Malaysia) Sdn. Bhd. (Huawei) and AwanBiru Technology Berhad (AWANTEC) signed a Memorandum of Understanding (MoU) today to drive and promote the adoption of Huawei Cloud and Artificial Intelligence (AI) products and services in the public sector. The collaboration will drive the adoption of Huawei Cloud products and services at both the federal and state levels, as well as among Malaysia’s statutory bodies, Government-linked Companies (GLCs), and commercial organisations. Huawei will act as Cloud and Artificial Intelligence (AI) Service Provider, offering its Cloud products and services such as Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), and Anything as a Service (XaaS), while AWANTEC will act as Managed Services Partner and drive demand and adoption for Huawei’s products and services. The MoU was signed by AWANTEC President and Group CEO Dr. Abu Hasan Ismail while signing on behalf of Huawei was its CEO Mr Michael Yuan. The signing was witnessed by Huawei Malaysia Vice-President of Cloud & AI Business Group, Mr Lim Chee Siong and AWANTEC Interim Chairman, Mr Paul W Chan. “We are pleased to start the new year with this strategic collaboration with Huawei and to be its first level partner on Cloud and AI technology targeting at our customers especially in the public sector. This is a strategic alignment for AWANTEC to be in the forefront of Cloud Computing to address the Government’s call to raise the Country’s digitalisation capabilities. We will have the best talent and team and utilise the best technology in collaboration with our global partners to provide multi-cloud management services. This partnership will be judged by three things: How we work together as a team; the Speed we hit the ground to take advantage of the new business landscape; and finally, how successful we are in transforming our customers’ digitalisation ambitions,” said Dr Abu Hasan Ismail, President/Group Chief Executive Officer of AWANTEC. “Our years of experience in synergizing both technology and talent lifecycle services will be advantageous to this partnership. Together with Huawei, we look forward to opening opportunities, training and building technical and competent talent teams here in Malaysia. We have built our reputation as a trusted partner of the Government and we want to continue to do so when the nation embarks on its first cloud policy,” added Dr. Abu Hasan Ismail. Huawei Malaysia CEO Mr Michael Yuan said that as a global technology leader with deep and wide-ranging expertise in Cloud and AI, Huawei is well suited to provide the technology and services needed to drive the digitalisation of Malaysia’s public sector. “As we embark on a brand-new year, we look forward to lending our technological knowhow to bring Malaysia’s public sector at both Federal and State levels to greater digital heights. “Cloud Computing, as we know, is the backbone of digital transformation. Paired with AI, these technologies will introduce greater flexibility, agility and resilience to processes within Malaysia’s public sector,” Mr. Yuan said, adding that this will also serve to propel the country’s Digital Economy forward. “On behalf of Huawei, I would like to express my gratitude for the trust given to us to lend our resources for this purpose. This strategic collaboration is a great way to start year 2021, and we are honoured to be a part of Malaysia’s digital journey,” Mr. Yuan said. Under the MoU, both parties will collaborate on the following: - Jointly develop Go-To-Market plans and strategies, while engaging with potential end-users and customers to understand their needs, and to propose solutions based on Huawei Cloud and AI offerings; - Understanding Malaysia’s market demand for Cloud products and customer requirements, especially among the government sectors and industries; and - Huawei to leverage its technical capabilities as a renowned hyper-scaler Cloud and AI Service Provider to advise on Cloud and AI technologies, and share global best practices for Cloud adoption and migration. Also present at the event today were AWANTEC Executive Director and Chief Operating Officer Mr Baldesh Singh, Huawei Malaysia Vice President of Public Relations and Communications Puan Rita Irina Abdul Wahab and Huawei Malaysia Head of Cloud Business Mr Tan Kuan Thye.

Cyberjaya, 28 December 2020 – AwanBiru Technology Berhad (Awantec), formerly known as Prestariang Berhad, will be traded and quoted on the main board of Bursa Malaysia under the new stock name “AWANTEC” effective from 9.00am, 29 December 2020. Prestariang Berhad, a leading Technology and Talent Platform innovator founded since 2003 and listed on the Main Market of Bursa Malaysia in 2011 took on a New Corporate Identity as Awantec after a Rebranding exercise to align its overall transformation plan advancing from being a technology and talent company to a digital transformer with a future that pivots on digitalisation. “We are shifting our business horizon in the direction of cloud computing and blue ocean strategies as we set out to reinvent and rebrand ourselves to capitalise on new opportunities to raise value to shareholders. Our investment and expansion into Cloud based services will allow us to adapt and align ourselves to fulfil new customer’s demand in the new market environment.”, said Dr. Abu Hasan Ismail, President/Group Chief Executive Officer of Awantec. Over the past 12 months, the Company has been rebuilding its core business in technology and talent businesses with new product offerings and services. “The need for Multi-Cloud Management Services and System Integration are more pertinent in today’s market place hence expanding our service from just managing licensing to Cloud services will add value to our business. We have also ventured deeper into employability market with full life cycle talent management that includes profiling, training, certification and placement services. This provides a holistic talent management experience with lifelong learning opportunities to reskill and upskill job seekers.”, added Dr. Abu. Awantec will give rise to the Company’s effort pivoting into providing multi-cloud management services and lifelong learning talent lifecycle to achieve the digitalisation of Malaysia. This effort has already resulted in a recent contract award valued at approximately RM50 million to which the Company will develop and implement the Selangor Kerjaya Program set to provide skills training and job placement for 10,000 job seeking Malaysians residing in Selangor “Our success will revolve around the convergence of technology and human talent where we will utilise the latest technology in collaboration with our global partners to provide greater and deeper into Technology and Talent services required by industries in this currently volatile market space.”, added Dr. Abu. Expanding from just managing licensing to Cloud services, Awantec sees greater future with new partners of similar synergies including Amazon, Google, SAP, Huawei and more. It’s cloud-based products and services are set to include Infrastructure as a Service (IaaS), Platforms as a Service (PaaS), Software as a Service (SaaS) and Anything as a Service (XaaS). Our New Corporate Identity The three spheres in our logo represent our overlapping focus on technology and talent held together by a corporate strength that has cultivated an illustrious past and poised to nurture an illuminating future. One that pivots to cloud computing. One that emphasizes blue ocean markets and strategies. One that elevates our position and direction from a technology and talent company to a digital transformer. Related Bursa Announcement : https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3117029

25 November 2020 – Prestariang Berhad held both of its 10th Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) on a fully virtual basis, which were broadcasted at 12th Floor, Menara Symphony, No. 5, Jalan Prof. Khoo Kay Kim, Seksyen 13, 46200 Petaling Jaya, Selangor Darul Ehsan, Malaysia. The virtual AGM was held to pass a total of eleven (11) resolutions, namely; Resolution 1: To approve the payment of Directors’ fees of RM330,000.00 for the financial year ended 30 June 2020; Resolution 2: To approve the payment of Directors’ fees of RM450,000.00 for the financial year ending 30 June 2021; Resolution 3: To approve the payment of Directors’ benefits up to an amount of RM153,000.00 from 26 November 2020 until the next Annual General Meeting of the Company; Resolution 4 and 5: To re-elect the following Directors who are retiring pursuant to Clause 119 of the Company’s Constitution and being eligible, have offered themselves for re-election:- Mr. Chan Wan Siew; and Dr. Abu Hasan Bin Ismail Resolutions 6 and 7: To re-elect the following Directors who are retiring pursuant to Clause 118 of the Company’s Constitution and being eligible, have offered themselves for re-election:- Professor Emeritus Dato’ Dr. Hassan Bin Said; and Puan Hafidah Aman Binti Hashim Resolution 8: To re-appoint Messrs. Crowe Malaysia PLT as Auditors of the Company until the conclusion of the next Annual General Meeting and to authorise the Directors to fix their remuneration. Ordinary Resolution 1: authority to issue shares pursuant to the Companies Act 2016; Ordinary Resolution 2: - proposed renewal of authority for the Company to purchase its own shares of up to 10% of the total number of issued shares of the Company (“proposed renewal of share buy-back authority”); Ordinary Resolution 3: retention of Independent Non-Executive Director. The EGM on the other hand was held to pass the Proposed Change of Name of the Company from Prestariang Berhad to AwanBiru Technology Berhad. Participated by advisors, guests, shareholders, and proxies, the meetings which commenced at 10.00 a.m. and 11.30 a.m. respectively, bridged the shareholders, Board of Directors and Management of the Group. Concluded at 5.00 p.m. the virtual AGM and EGM went smoothly with all eleven of the proposed resolutions which are set out in the Notice of AGM and the Proposed Change of Name, which was set in the Notice of EGM, carried by the way of poll voting.

Prestariang Berhad (Prestariang), leading Technology and Talent Platform innovator, was awarded a contract by the MENTERI BESAR SELANGOR (PEMERBADANAN) to develop and implement the Selangor Kerjaya Program set to provide skills training and job placement for 10,000 job seeking Malaysians residing in Selangor. Prestariang’s wholly owned subsidiary Prestariang Systems Sdn Bhd (PSSB) which received the contract will recruit, train and organise job placements for job seekers residing in Selangor and graduates from learning institutions in Selangor. The Contract will come to effect from 1 November 2020 starting with 2 months of mobilization period and will end 36 months thereafter. The contract has an estimated value of approximately RM50 million, of which, will be based on actual number of candidates successfully trained and placed. “The said contract is a major win for Prestariang Group as it represents the first significant project for the Group in this space and provide a new platform for Prestariang to venture deeper into the talent and employability industry. This will supplement Prestariang’s existing core business of technology and licensing and open new opportunities for the Group to explore potential recurring income growth”, said Dr. Abu Hasan Ismail, President and Group Chief Executive of Prestariang. The Selangor Kerjaya Program is a key state program where PSSB will not only provide training and job placements for job seekers but also provide Selangor state government with analytics and intelligence that will give the State a strategic advantage over its peers and will improve employment opportunities of its residence in future. The Contract is expected to contribute positively towards the earnings and net assets per share of Prestariang Group. Prestariang’s Technology business in software distribution is adding to its product offerings to include other product principals such as Amazon, Google and SAP. Several key products and services offering from these new principals are actively being promoted to our clients as we adapt to the changing market trends and needs of our customers. The Talent business of the Group continues to provide support to tech partners to drive customer adoption via training programs and converting conventional training programs into online training as a service or hybrid offerings supports the life-long learning journey while respecting social distancing rules. We remain confident that our offering of holistic talent services that includes recruitment, training, placement and talent management using technology such as talent profiling and matching will give us an edge in this space. Corporate Exercise on Track to complete by November 2020 Prestariang has announced a Proposed Fund Raising Exercise, which was approved by the shareholders on 15 September 2020. The fund raising comprised of a Private Placement of 79.6 million shares at an issue price of RM0.35 per share together with detachable warrants and a Rights Issue of 1 for 3 at an issue price of RM0.20 per share with detachable warrants. When completed, which is estimated to be by end November 2020, Prestariang hopes to raise a minimum amount of about RM38 million and a maximum of RM63 million for working capital to grow the Technology and Talent Divisions as well as improve our cash flow in anticipation of the challenging times ahead . The Company is confident in its value proposition which Prestariang brings to its customers and is committed to deliver the results for its shareholders as the nation is on the path to rebuild its economy affected by the COVID-19 pandemic.

Prestariang Berhad held an Extraordinary General Meeting (EGM) on a fully virtual basis, which was broadcasted at Securities Services (Holdings) Sendirian Berhad, Level 7, Menara Milenium, Jalan Damanlela, Pusat Bandar Damansara, Damansara Heights, Kuala Lumpur. The virtual EGM was held to pass a total of nine (9) ordinary resolutions, namely; Ordinary Resolutions 1: Proposed Private Placement; Ordinary Resolutions 2: Proposed Rights issue; Ordinary Resolutions 3: Proposed Establishment of a Long Term Incentive Plan (LTIP); Ordinary Resolutions 4 – 9 : Proposed Allocation of LTIP Awards to Directors of Prestariang; Paul Chan Wan Siew Ramanathan A/L Sathiamutty; Ginny Yeow Mei Ying; Baldesh Signh A/L Manmohan Singh; Professor Emeritus Dato’ Dr Hassan Bin Said; and Hafidah Aman Binti Hashim. Participated by advisors, guests, shareholders, and proxies, the meeting which commenced at 3.00 p.m. witnessed exchange of key concerns between the shareholders, Board of Directors and Management of the Group. Concluded at 5.00 p.m. the virtual EGM went smoothly with all nine of the proposed resolutions which are set out in the Notice of Extraordinary General Meeting, carried by the way of poll voting.