ACCEPTANCE OF THE LETTER OF AWARD FOR THE PROVISION OF THE REPLACEMENT AND MAINTENANCE SERVICES FOR COMPUTER SOFTWARES FOR THE MAINFRAME COMPUTER SYSTEM AT THE MAIN AND SECONDARY DATA CENTER FOR LEMBAGA HASIL DALAM NEGERI (LHDN) 1. Introduction

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Nov 8, 2013 (3 years and 11 months ago)

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ACCEPTANCE OF THE LETTER OF AWARD FOR

THE PROVISION OF
THE
REPLACEMENT
AND

MAINTENANCE SERVICES FOR

COMPUTER
SOFTWARES FOR THE
MAINFRAME COMPUTER

SYSTEM

AT

THE MAIN

AND
SECONDARY DATA CENTER FOR LEMBAGA HASIL DALAM NEGERI

(LHDN)

(“INLAND REVENUE BOARD OF

MALAYSIA”)


1.

Introduction


HeiTech Padu Berhad (“HeiTech” or “the Company”) is pleased t
o announce that the
Company

on
18 May 2012

has

accepted a Letter of
Award
for

the

Provision of

the
Replacement and

Maintenance Services for
Computer Softwares for th
e
Mainframe
Computer System
at

the Main and Secondary Data Center for Lembaga Hasil Dalam
Negeri
(LHDN)
(“Inland Revenue Board of Malaysia”).


2.

The Contract Value


The Contract Value of the project is
RM
34
,
488,888.00

(Ringgit Malaysia
Thirty Four
Millio
n Four Hundred Eighty Eight Thousand Eight Hundred Eighty Eight only
.
)


3.

Duration of the Project


The Contrac
t is for a period of
three

(
3
)
year
s
, a
ny further renewal or extension of the
durati
on is at the discretion of the LHDN
.


4.

The effect on net a
ssets of the Group


The Proposed Transaction will not have any material effect on HeiTech Group's Net
Asset for the financ
ial year ending 31 December 20
12
,

and is expected to contribute
positively to the future earnings of HeiTech Group.


5.

The risks in
relation to the contract.


The risks are the normal risks encountered by
other
Companies undertaking a similar
endeavor and the Group has taken the necessary steps to protect itself and to mitigate
the risks when and as it occurs.


6
.

Directors' and Subst
antial Shareholders' Interest


None of the Directors or substantial shareholders or any person connected to the
Directors or substantial shareholders of HeiTech has any interest, either direct or indirect
in the above Contract.


7
.

Statement of the Direct
ors


The Board of Directors of the Company is of the opinion that the above Contract is in the
ordinary course of business and is in the best interest of the Company.


8.

Financial effects


T
he
Letter of Award will have a positive effect on the earnings p
er share.

Nevertheless, the
Contract

will have no material effect to the dividend policy, gearing,
share capital and the substantial shareholders’ shareholdings of the Company for the
financial year ending 31st December 20
12
.



This announcement is dated
2
1 May 2012
.