The Board of Directors of RAMSSOL Group Berhad announced that the Company had on 17 April 2023 incorporated a new wholly-owned subsidiary, namely RAMS Fintech Sdn. Bhd. in Malaysia (" Incorporation").

The issued and paid-up capital of RAMS FINTECH is MYR 1,000.00 divided into 1,000 ordinary shares of MYR 1.00 each. RAMS FINTECH will be principally involved in businesses in relation to internet related services for business of mobile application, e-commerce, administration and integration and developing and marketing of software and application and Commission Agency. The Incorporation is mainly to facilitate the expansion of the business activities of RAMSSOL and its subsidiaries.