The Board of Directors of OpenSys (M) Berhad announced that the Company had on 12th October 2023 accepted a Letter of Award from Malayan Banking Berhad ("Maybank") for the project known as "Outsourcing of Outward Cheque Clearing At Maybank Branches in Malaysia" to process Maybank's outward clearing cheques for all the branches nationwide ("Contract"). Salient Terms Of The Contract sum is MYR 105.0 million (Ringgit Malaysia: One Hundred and Five Million Only) excluding 6% Sales and Service Tax. The Contract shall be for a period of seven (7) years commencing from 1st January 2024 to 31st December 2030.

The Contract has no provision for automatic renewal.