Transactions (Chapter 10 Of Listing Requirements) : Recurrent Related Party Transactions

We refer to the recurrent related party transaction (“RRPT”) mandate obtained from Maxis’ shareholders on 28 April 2022, which covered, among other things, the RRPT for the Corporate Management Services Agreement between Maxis Broadband Sdn Bhd, a subsidiary of Maxis, and our service provider, UTSB Management Sdn Bhd.

Maxis wishes to inform that Maxis Broadband Sdn Bhd and UTSB Management Sdn Bhd have executed a Supplemental Agreement to vary the corporate management services fees payable from RM27 million to RM5 million per annum, effective 1 July 2023.

This announcement is made as a voluntary disclosure to inform Maxis’ shareholders of this development.

This announcement is dated 12 May 2023.

Announcement Info