1. Introduction
The Board of Directors of INSIGHTS ANALYTICS BERHAD ("IAB" or the "Company") is pleased to announce that its wholly-owned subsidiary, INSIGHTS ANALYTICS TECHNOLOGIES SDN. BHD. ("IATSB") [formerly known as Exxor Technologies Sdn. Bhd.], has on 14 July 2026 accepted a Letter of Appointment ("LOA") dated 10 July 2026 from Sarawak Information Systems Sdn. Bhd. ("SAINS").
2. Details of the Letter of Appointment
(a) Total Contract Sum is RM4,275,000.00 (Ringgit Malaysia: Four Million Two Hundred and Seventy-Five Thousand Only).
(b) The Contract price is fixed throughout the contract period and shall not be subject to any price revision.
(c) The scope of the Contract covers the provision of maintenance and support services for the Intelli Water System for a period of thirty-six (36) months to ensure system availability, reliability, and performance in accordance with the Service Level Agreement.
3. Details of the Parties
(a) Insights Analytics Technologies Sdn. Bhd. ("IATSB")
IATSB was incorporated in Malaysia on 22 May 2003 as a private limited company having its place of business at Parcel Lot No. D272, D273 & D274, 1st Floor, Block D, ICOM Square, Jalan Pending, 93450 Kuching, Sarawak. The principal activities involved in provision of water technology solutions and intelligent asset management solutions.
(b) Sarawak Information Systems Sdn. Bhd. ("SAINS")
SAINS was incorporated in Malaysia on 4 March 1991 as a private company limited by shares [Registration No. 199101002871 (213181-W)], having its registered address at LG 12, Lower Ground Floor, Mall 2, CityOne Megamall, Jalan Song, 93350 Kuching, Sarawak. The principal activity of SAINS is providing information and communication technology services.
4. Risk Factors
The Board does not foresee any material risks arising from the Contract other than the normal operational risks associated with the Contract. The Group will undertake the necessary measures to mitigate such risks in the ordinary course of business.
5. Financial Effects
The acceptance of the LOA for this Contract is expected to contribute positively to the Group's earnings over the entire contract duration.
6. Approval Required
The acceptance of the LOA is not subject to the approval of the Company's shareholders or any regulatory authorities.
7. Directors' and Major Shareholders' Interests
None of the Directors, major shareholders of IAB, or persons connected to them have any interest, direct or indirect, in the Contract.
8. Statement by the Board of Directors
The Board, having considered all relevant aspects of the Contract, is of the opinion that the acceptance of the LOA is in the ordinary course of business of the Group and is in the best interests of the Company.
This announcement is dated 14 July 2026.
M & A Securities Sdn Bhd ("M&A"), being the Sponsor, was responsible for the admission of Insights Analytics Berhad to the ACE Market of Bursa Malaysia Securities Berhad on 27 October 2025. M&A assumes no responsibility for the contents of this announcement.