Memorandum of Understanding between Novacitynets Pte Ltd, Guangzhou Development District Science and Information Technology Bureau and Sino-Singapore Guangzhou Knowledge City Investment and Development Co., Ltd

We refer to the Company’s announcements dated 15 August 2012, 15 March 2013 and 17 June 2013 pertaining to the Memorandum of Understanding (“MOU”) signed between its wholly owned subsidiary, novaCITYNETS Pte Ltd (“Nova”) with Guangzhou Development District Science and Information Technology Bureau and Sino-Singapore Guangzhou Knowledge City Investment and Development Co., Ltd to jointly develop, promote and subsequently deploy Smart City e-Permits solutions within the Sino-Singapore Guangzhou Knowledge City.

To-date, Nova had submitted a feasibility study report and is pending review. The Company will make further announcement in accordance with the Listing Requirements of Bursa Malaysia Securities Berhad for the ACE Market when there is future development on the MOU.

This announcement is dated 18 September 2013.