The Board of Directors of THETA announced that THETA had on 18 September 2023 entered into a Memorandum of Understanding (hereinafter referred to as "MOU") with Cybernetica AS ("Cybernetica") to collaborate on joint development, implementation, marketing and promotion of (i) Digital Identity product exclusively in Malaysia ("Territory") and (ii) Digital Identity, Cybersecurity, Privacy Enhancement and Interoperability non exclusively in Asean Countries ("Extended Territory"). This collaboration can be expanded to cover opportunities beyond the Territory on a project-basis. THETA and Cybernetica shall collectively be referred to herein as the "Parties".