Reference is made to the Company’s announcement dated 9 November 2020 in relation to the MOU entered into between PUC and Sharp Electronics (Malaysia) Sdn Bhd (“SEM”).

PUC wishes to announce that Enovax Malaysia Sdn Bhd (“Enovax”), a wholly-owned subsidiary of PUC and SEM had on 24 December 2020 (“Effective Date”) entered into a software development agreement ("Software Development Agreement") where SEM will engage Enovax to deliver certain unique and proprietary software (“Software”) .

The Software is customised specifically for Cocoro Life (Malaysia) Sdn Bhd ("CLM"), a wholly- owned subsidiary of SEM which was incorporated on 17 December 2020.

CLM is principally engaged in the business of operating an online platform that provides services through the e-commerce ecosystem.

Please refer to the attachment for further information.

This announcement is dated 31 December 2020.