The Board of Directors of Freight Management Holdings Bhd (“FMHB” or “the Company”) wishes to announce that the Company had on 31 March 2016 entered into a Shareholders’ Agreement (“the Agreement”) with the following persons:

(i)         Hubwire Sdn. Bhd. (Company No. 1070185-P) (“HSB”);

(ii)        Yeo Hock Choon @ Mark Yeo (NRIC No. : 790604-07-5011) (“MY”);

(iii)       Teoh Beng Keat (NRIC No. : 870122-38-5113) (“TBK”);

(iv)      Liew Willip (NRIC No. : 670827-10-6341) (“WILLIP”); and

(v)       FM Hubwire Sdn. Bhd. (Company No. 1170852-A) (“FMHSB”),

(collectively known as “The Parties”)

where the Company and Hubwire Sdn. Bhd. have agreed to combine their resources to perform the business of providing an e-commerce distribution platform for merchants to list their products for sale to end-consumers, bundled with marketing support, inventory management, customer service management, warehousing and logistics services, with or without the Hubwire Arc System (“Hub Business”) by way of participating as shareholders in FMHSB in accordance with the terms and conditions of the Agreement.

Hubwire Arc System means an omni-commerce retail management system application/software designed by HSB to enable retailers to streamline their offline and online sales channels and inventories by integrating them into a single intuitive system (“Hubwire Arc System”).

Details of the full announcement is attached herewith.

This announcement is dated 31 March 2016.