The Board of Directors of Agmo Holdings Berhad announced that the company had on 16 March 2023 entered into a Memorandum of Understanding (MOU) with Goviral Digital Sdn. Bhd. (GVL) to establish a framework for the entry into joint projects for implementation by the Company and GVL in areas of mutual interest, and for the creation of intellectual property, transfer of technologies, and provision of expertise, training, and technical advice and support.

The salient terms of the MOU, amongst others include the following: The MOU shall commence on 16 March 2023 and shall remain in force indefinitely until such time it is terminated by the Parties hereto by way of a sixty (60) days prior written notice to the other without assigning any reasons. Pursuant to the framework of the MOU, the Parties hereto may enter into specific project agreements (which shall include without limitation the relevant teaming agreements) for each respective project, whereby each such agreement shall set out in detail the respective obligations and responsibilities of the Parties. The projects to be entered into within the framework of the MOU may include without limitation the following: Tenders for government technology projects; Tenders for private sector technology projects; Government technology projects development; Private sector technology projects development; Training of relevant persons in charge during and post deployment of Govt Tech Projects; and Training of relevant persons in charge during and post deployment of Private Tech Projects.