The Board of Directors of iWOW Technology Limited announced that the Company has secured a contract worth up to approximately SGD 4.8 million. The Contract is in relation to the provision of Smart Metering maintenance and billing services for a leading commercial real estate services provider in Singapore. The initial component (aggregate value of approximately SGD 2.3 million) is expected to be fulfilled over the next 60 months, barring unforeseen circumstances.

It consist: (i) The provision of Smart Metering equipment; (ii) The provision of Smart Metered system maintenance services; and (iii) The provision of BaaS for utilities consumption. The Contract includes an option for a five-years extension by the customer (aggregate value of up to approximately SGD 2.5 million), which consist: (i) The provisions of Smart Metering equipment;; (ii) The provision the provision of Smart Metering system maintenance services; (iii) The provision ofBaaS for utilities consumption; and (iv) The leasing of Smart Meters. The award, excluding the five-years extension, will lift the Group's current order book to approximately SGD 106.1 million, a 25% increase from SGD 84.7 million as of 30 June 2023.

The Contract secured is not expected to have any material impact on the performance of the Group for the financial year ending 31 March 2024.