I&I Group Company Limited announced that at its board meeting held on 24 January 2024, approved new joint venture company with VMO Holdings Technology Joint Stock Company ("VMO") in Vietnam with details as follows: Registered Capital: VND 7,227,750,000 (or approximately equivalent to USD 300,000). Type of Business: IT outsourcing business and any related products and services in Vietnam. Objective of Investment: To enhance the company's capabilities and meet the needs of customers efficiently, as well as to expand the company's customer base internationally, with a particular focus on Vietnam.

Shareholding Structure: IIG shall hold 60% of total shares, and VMO shall hold 40% of total shares. Board of Director: The board of directors shall consist of five (5) directors, provided that three (3) of them shall be nominated by the iiG and two (2) of them shall be nominated by VMO. Board meetings shall require the presence of at least one director nominated from each Party to be quorate.

Expected Benefits: To expand business channels and maximize the Company's Revenue.