Microlink Solutions Berhad announced that Microlink Solutions W.L.L. (MSWLL), a wholly-owned subsidiary of MSB, has on 30 April 2024 executed a Framework Resourcing Services Agreement (Agreement) with STC Bahrain B.S.C. Closed (STC) to support the application development and management services to STC. The term of the Agreement is for a period of two years commencing from 1 November 2023 to 31 October 2025 (?Term?). The total value of the Agreement is estimated to be BHD 2,400,000, equivalent to MYR 30,356,160.

The execution of the Agreement will have no effect on the issued share capital and substantial shareholders? shareholdings of the Company. The execution of the Agreement is expected to contribute positively to the revenue, earnings per share and net assets per share of MSB Group and is not expected to have a material effect on the gearing of MSB Group for the financial year ending 31 March 2025.