Tranche Update on IFCA MSC Berhad's Equity Buyback Plan announced on March 15, 2022.

IFCA MSC Berhad is a Malaysia-based business software solution company. The Company is focused on developing and providing business software solutions for the property, construction and hospitality industries. The Company's business segments include Software applications and royalty income; Hardware, networking and operating systems, and Maintenance, support system, training and implementation services. It is engaged in software development, system integration, training and implementation as well as other related professional services. In addition, the Company provides human resource management solutions (HRMS) for all companies across all businesses ranging from small to medium enterprises (SME) to large corporations as well as government linked agencies. The Company's solutions include HRX, HotelX, PropertyX and ContractX. HRX is a cloud-based HRMS that enables employees to manage all HR-related business functions simultaneously, across all companies, even from a mobile device.