Sale of Interact platform

Further to TruFin's announcement on 21 November 2023 regarding the possible sale of IP and assets relating to Playstack’s augmented reality and gamification AdTech platform “Interact” to VCI Global Ltd (“VCIG”) (the “Disposal”), TruFin announces that the Disposal has been contracted with completion due to occur on 28 March 2024. 

The consideration payable by VCIG in relation to the Disposal is $300,000 in cash and $1,700,000 payable in Nasdaq-listed VCIG shares, which are subject to a lock-up period. 

The Disposal assets were held at zero value on TruFin's balance sheet.