Update on Proposed Joint Venture with Super Apps
MobilityOne Limited has issued a letter of demand to Super Apps for the outstanding RM40.0 million, approximately £6.84 million, due under a previous agreement, with the amount remaining unpaid and Super Apps yet to respond. While M1 Malaysia, a subsidiary of MobilityOne, is in discussions with Bradbury Capital and Super Apps regarding payment terms, no extension or variation has been agreed, and M1 Malaysia is actively pursuing the full payment, reserving all legal rights.
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MobilityOne (AIM: MBO), the e-commerce infrastructure payment solutions and platform provider, notes the Form 6-K filing issued by Bradbury Capital Inc. (“Bradbury Capital”) on 26 October 2026 and can confirm that M1 Malaysia, a wholly owned subsidiary of the Company, has issued a letter of demand to Super Apps regarding payment of the outstanding RM40.0 million (c.£6.84 million) due to M1 Malaysia under the terms of the SSA between Super Apps and M1 Malaysia dated 19 October 2022 (as amended by the supplemental agreement dated 29 February 2024).
As at the date of this announcement, the amount remains outstanding in full and Super Apps has not responded to the letter of demand. With reference to Bradbury Capital’s Form 6-K dated 26 October 2026, the Company wishes to clarify that M1 Malaysia is engaged in discussions with Bradbury Capital and Super Apps regarding the SSA payment terms, however no extension of the payment deadline or variation of the relevant payment obligation has been agreed. M1 Malaysia continues to pursue payment and reserves all its rights and remedies under the SSA and applicable law.
The Company will provide further updates as appropriate.
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