The Board of Directors of XOX Bhd (“XOX” or “the Company” or "the Group") is pleased to announce that XOX Digital Sdn. Bhd. (formerly known as XOX Media Sdn. Bhd.), a wholly-owned subsidiary of the Company, had on 30 September 2025 entered into a Memorandum of Understanding (“MOU”) with My Digital ID Sdn. Bhd. (“MYIDSB”), for the purpose of:

i) collaborate to promote the adoption and awareness of MyDigital ID, and explore the expansion of its use cases and services for students through the XOX’s MySiswa program;

ii) extend the use of MyDigital ID across universities to support digital transformation in education and enhance student engagement, leveraging collaboration with XOX’s programs;

iii) jointly promote MyDigital ID as a national digital identity enabler, with particular focus on youth and student segments where XOX has the potential outreach and engagement; and

iv) co-develop communication strategies, including joint campaigns, roadshows, and university outreach initiatives.

MYIDSB is a company incorporated in Malaysia under the Companies Act 2016. It is wholly owned by the Minister of Finance Incorporated (“MOF”) and is involved in the development, implementation, and operation of digital identification.

The MOU shall commence on the date of execution i.e. 30 September 2025, and shall continue to be in force for a period 2 years, expiring on 29 September 2027, unless otherwise terminated by either party in writing and communicated to the affected party and/or if a further agreement is executed by the parties, this MOU shall be automatically terminated.

The MOU will not have any effect on the share capital and substantial shareholders’ shareholdings of XOX. The MOU is also not expected to have any material immediate effect on the earnings per share, net assets per share and gearing of the Group for the financial year ending 30 September 2026.

None of the directors, major shareholders and/or cheif executives of the Company and/or persons connected with them have any interest, whether direct or indirect, in the MOU.

The MOU being incurred in the ordinary course of business, is not subject to the approval of the shareholders.

The Board of Directors of XOX, having taken into consideration all aspects of the MOU, is of the opinion that the MOU is in the best interest of the Group.

The MOU is available for inspection at the registered office of the Company at 22-09, Menara 1MK, No. 1 Jalan Kiara, Mont Kiara, 50480 Kuala Lumpur between 8.30 a.m. and 5.30 p.m. from Monday to Friday (except public holidays) for a period of 3 months from the date of this announcement.

This announcement is dated 30 September 2025.