• Signed strategic non-binding MOU and Shareholder's Agreement to establish a Singapore JV with Indonesia's SSI
• Partnership with SSI positions DXN to capitalize on growing Indonesian digital infrastructure market
• MOU enables localization of operations, compliance with regulations, and delivery of high-quality solutions tailored to the Indonesian market

DXN Limited ('DXN' or 'the Company'), a prefabricated modular data centre specialist, has announced the signing of a Memorandum of Understanding (MOU) with Super Sistem Indonesia (SSI) to capture the significant growth opportunities emerging in Indonesia's digital infrastructure sector. The intent of the MOU is for SSI to place future modular data centre purchase orders through a Joint Venture (JV) holding company domiciled in Singapore, established with equal ownership by DXN and SSI. The signing of the MOU positions DXN to capitalize on Indonesia's dynamic digital infrastructure market, which is fast emerging as a leading hub in Southeast Asia. The strategic MOU enables DXN to localize operations, leverage domestic advantages, comply seamlessly with regulations, and deliver competitive, high-quality solutions tailored to the Indonesian market. The implementation of Indonesian data sovereignty regulations has significantly increased the need for local data storage facilities, creating sustained and growing requirements for reliable, in-country infrastructure. Indonesia's increasingly connected population is driving an economy that is rapidly powered by data, fuelled by explosive growth in e-commerce, fintech, cloud computing, and emerging technologies like AI. Both hyperscale and edge data centers are being developed at pace to serve the needs of a growing population and an expanding corporate sector. The MOU and establishment of a JV strongly position DXN to participate in the next wave of South-East Asia's infrastructure development, without incurring significantly high import charges.

The MOU with SSI presents a significant future opportunity, with a projected revenue opportunity of approximately US$7 million over the next 3 years, oriented towards year two and three.

DXN is enthusiastic about the high-growth prospects in the Indonesian digital infrastructure market and strongly believes an acceleration in investments, supported by rapid e-commerce expansion, widespread cloud adoption, and proactive government policies promoting digital transformation, means this is an area DXN must direct its attention to scale.