OTHERS MY E.G. Services Berhad ("MYEG" or "the Company") - Press Release: Xinghuo Blockchain Infrastructure and Facility ("Xinghuo BIF") and Zetrix Jointly Introduce Web3 Services

Company Name MY E.G. SERVICES BERHAD
Stock Name MYEG
Date Announced 01 Jul 2022
Category General Announcement for PLC
Reference Number GA1-01072022-00027

Type Announcement
Subject OTHERS
Description
MY E.G. Services Berhad ("MYEG" or "the Company")
- Press Release: Xinghuo Blockchain Infrastructure and Facility ("Xinghuo BIF") and Zetrix Jointly Introduce Web3 Services

The Board of Directors of the Company wishes to announce that Zetrix, MYEG’s Layer-1 Blockchain platform, together with China Academy of Information and Communications Technology (CAICT) owned Xinghuo BIF, have jointly introduced the Blockchain-based Identifiers/Verifiable Credentials and Blockchain-based E-signing services to international markets, a major milestone in enabling cross-border business with China on the blockchain (“the Services”).

 

The Board of Directors is of the view that, barring any unforeseen circumstances, the prospects of the Services are expected to be positive and are expected to contribute positively to the earnings per share and net assets per share of the Group for the financial year ending 31 December 2022 and onwards.

 

The Board of Directors does not foresee any exceptional risks other than the normal operational risks associated with the Services.

 

Please refer to the attachment in relation to the press release for further details.

 

This announcement is dated 1 July 2022.




Please refer attachment below.



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