APPASIA

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MEMORANDUM OF UNDERSTANDING AppAsia Berhad ("AppAsia" or "the Company") - Update on the status of Memorandum of Understanding entered between AppAsia International Sdn. Bhd., a wholly-owned subsidiary of AppAsia Berhad and the Philippine Institute of Certified Public Accountants

APPASIA BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description
AppAsia Berhad ("AppAsia" or "the Company")
- Update on the status of Memorandum of Understanding entered between AppAsia International Sdn. Bhd., a wholly-owned subsidiary of AppAsia Berhad and the Philippine Institute of Certified Public Accountants

Reference is made to the Company's announcements dated 25 November 2024, 27 February 2025, 29 May 2025, 4 September 2025 and 24 November 2025 ("Announcements"). Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the Announcements.

 

The Board of Directors of the Company wishes to announce that on 24 February 2026, AppAsia International Sdn. Bhd., a wholly-owned subsidiary of the Company and the Philippine Insititute of Certified Public Accountants had mutually agreed to renew the Memorandum of Understanding ("MOU") in relation to the collaboration in respect of the implementation of an electronic bank confirmation platform known as "eConfirm", specifically designed to facilitate and streamline the audit process for both auditors and financial institution, in the Philippines. 

 

The renewed MOU shall continue for a duration of twelve (12) months with effect from 24 February 2026 ("Initial Term") and will be automatically renewed annually upon expiry of the Initial Term

 

Save for the renewal, all other terms and conditions in the MOU remain unchanged.

 

This announcement is dated 24 February 2026.






Announcement Info

Company Name APPASIA BERHAD
Stock Name APPASIA
Date Announced 24 Feb 2026
Category General Announcement for PLC
Reference Number GA1-16022026-00071