1.       Introduction

Reference is made to the Company's announcements dated 12 June 2024, 12 September 2024, 10 December 2024, 6 March 2025, 6 June 2025, 11 June 2025, 4 September 2025, 4 December 2025 and 4 March 2026 in relation to the Memorandum of Understanding dated 12 June 2024 (the "MOU") entered into between SNS Network (M) Sdn. Bhd. ("SNSN"), a wholly-owned subsidiary of the Company, and Agmo Studio Sdn. Bhd. ("Agmo Studio"), a wholly-owned subsidiary of Agmo Holdings Berhad (the foregoing announcements are collectively referred to as the "Announcements"). Unless otherwise stated, all definitions set out in the Announcements shall apply herein.

The Board of Directors of SNS ("Board") is pleased to announce that, pursuant to and in furtherance of the MOU, SNSN had on 11 June 2026 entered into a GPU Infrastructure Services and Channel Partner Agreement ("Agreement") with Agmo Studio to establish a collaboration for the provision, promotion, marketing and commercialisation of Graphics Processing Unit ("GPU") infrastructure services and related offerings (collectively, the "Services") to end customers.

SNSN and Agmo Studio are collectively referred to herein as the "Parties" and individually as a "Party".

2.       Information of the Parties

2.1     SNSN

2.2    Agmo Studio

3.       Salient Terms of the Agreement

The salient terms of the Agreement include, among others, the following:

3.1    Duration

The Agreement is effective for a period of twelve (12) months from the date of commencement of the Services, unless terminated earlier by either Party in accordance with the Agreement. The Agreement may be extended for any further period upon mutual written agreement between the Parties.

3.2    Principal Obligations of the Parties

SNSN (Vendor) shall be responsible for:

• Procurement, installation and commissioning of GPU infrastructure;
• Provision of bare-metal GPU leasing and data centre hosting services to support the commercialisation of the Services; and
• Ensuring the operational availability, uptime and technical readiness of the GPU infrastructure throughout the duration of the Agreement.

Agmo Studio (Reseller) shall be responsible for:

• Provision of Artificial Intelligence (AI)-related software stack, including AI model deployment frameworks, API integration layers and application management services;
• Application deployment and management on the GPU infrastructure provided by SNSN, inclusive of full administrative (root) control over the operating system and software stack; and
• Technical support and integration services to end customers in relation to the Services.

3.3    Resale Rights of GPU Infrastructure Services

Agmo Studio is granted a non-exclusive right to market, distribute and resell the GPU infrastructure services to end customers. SNSN shall remain the infrastructure provider of record for all Services delivered under the Agreement.

3.4    Commercial Terms and Conditions

The commercial terms and conditions applicable to the Services, including pricing, payment terms and revenue sharing arrangements, shall be separately agreed in writing by the Parties.

3.5    Termination

Either Party may terminate this Agreement or any applicable service order for cause by written notice if the other Party commits a material breach of this Agreement or such service order and fails to cure that breach within ten (10) Business Days after receipt of written notice specifying the breach in reasonable detail.

4.       Rationale

The Agreement formalizes the earlier MOU into a definitive commercial partnership, enabling SNS and its group of companies ("SNS Group") to monetise its GPU infrastructure through Agmo Studio's sales network. This collaboration supports revenue diversification via recurring income streams and aligns with SNS Group's strategic expansion into GPU infrastructure, AI services, and data centre-related businesses.

5.       Financial Effects

The Agreement will not have any effect on the issued and paid-up share capital of SNS and will not expected to have any material effect on the NA of SNS for the financial year ending 31 January 2027.

6.       Directors' and Major Shareholders' Interests

None of the Directors and/or major shareholders and/or persons connected with a Director or a major shareholder of SNS have any interest, direct or indirect, in the Agreement.

7.       Statement By The Board

The Board having considered all aspects of the Agreement, is of the opinion that the Agreement is in the best interest of SNS.

8.       Approval Required

The Agreement is not subject to the approval of the Shareholders of the Company or relevant authorities.

9.       Documents Available for Inspection

A copy of the Agreement is available for inspection at the registered office of SNS Network Technology Berhad at No. 37B, Jalan Basco Kepayang 1, Basco Avenue @ Kepayang, 31400 Ipoh, Perak during normal business hours from Mondays to Fridays (excluding public holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 12 June 2026.