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TOTM TECHNOLOGIES LIMITED — M&A Activity 2025
Jul 9, 2025
67406_rns_2025-07-09_6c4471a8-0f31-4ad6-b6fb-818f60c855c6.pdf
M&A Activity
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TOTM TECHNOLOGIES LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. 201506891C)
(the “ Company ”)
ENTRY INTO A NON-BINDING MEMORANDUM OF UNDERSTANDING
The Board of Directors (the “ Board ”) of TOTM Technologies Limited (the “ Company ”, and together with its subsidiaries, the “ Group ”) wishes to announce that the Company had on 9 July 2025, entered a non-binding memorandum of understanding (“ MOU ”) with EVVO Labs Pte Ltd (“ EVVO ”), a leading digital transformation and cybersecurity-centric technology company incorporated in Singapore, to explore potential collaboration opportunities.
Purpose and Scope of the MOU
Under the MOU, the Company and EVVO intend to collaborate in the areas of digital identity, cybersecurity, and digital transformation, with an emphasis on promoting one another’s proprietary technologies and solutions on a global scale.
The cooperation is non-exclusive and subject to further definitive agreements that may be negotiated and executed between the parties. This MOU will remain in force for an initial period of two (2) years commencing from 9 July 2025 and may be renewed upon mutual agreement.
Interest of Directors and Substantial Shareholders
To the best of the Company’s knowledge, as of the date of this announcement, none of the Directors or substantial shareholders and/or respective associates of the Company has any interest, direct or indirect, in EVVO and the MOU other than through their respective shareholdings (if any) in the Company.
Further Announcements
The Company will make further announcements as appropriate when there are material developments arising from the MOU and when any subsequent definitive agreements are executed.
Cautionary Statement
Shareholders and potential investors are advised to read this announcement and any further announcements by the Company carefully, and exercise caution when dealing in the Company’s securities, and that is no certainty and assurance that any subsequent definitive agreements will be executed. If they have any doubts about the actions they should take, shareholders and potential investors should seek advice from their stockbrokers, bank managers, solicitors, accountants or other professional advisers.
BY ORDER OF THE BOARD
Mr. Pierre Prunier Executive Director 9 July 2025
This announcement has been reviewed by the Company’s Sponsor, UOB Kay Hian Private Limited (the “ Sponsor ”).
This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “ SGX-ST ”) and the SGXT-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr. Lance Tan, Senior Vice President, at 83 Clemenceau Avenue, #10-01 UE Square, Singapore 239920, telephone (65) 6590 6881.