The Board of Directors of ManagePay wishes to announce that ManagePay had on 22 September 2015 entered into a conditional share purchase agreement (“SPA”) with Mr Lo Nyan Tjing (“Vendor”) for the purchase of 29.50% equity interest in Trustgate Berhad (“Trustgate”) by ManagePay from the Vendor (the “Acquisition”) for a total cash consideration of RM1,800,000 subject to the terms and conditions of the SPA