Mobile-health Network Solutions Secures MYR 500 Million Capital Injection for AI Data Centers

Mobile-health Network Solutions has entered into a definitive Securities Purchase Agreement (SPA) with Dato’ Ling Tiung Leng for a capital injection of MYR 500,000,000 (approximately US$126 million). This capital will be exclusively used for the construction of AI Data Centers in Malaysia, managed by PP GRID SDN. BHD. The Company will issue approximately 9,000,000 Class A ordinary shares to Dato’ Ling at a purchase price of $14.10 per share. Upon completion, Dato’ Ling will hold a 65% equity stake in the Company. The capital injection will be disbursed in tranches, with the number of shares for each tranche determined by the MYR amount converted to USD at the prevailing exchange rate, and issued within 15 business days of each tranche's receipt. The transaction is subject to customary closing conditions, and further updates will be provided upon completion. The SPA is attached as an exhibit to the report.