On 28 November 2022, DXN Limited announced that it had entered into an Exclusive Global Distribution License Agreement (EGDLA) and Exclusive Global Consulting Services Agreement (EGCSA) with Flow2Edge Holdings I Pte Ltd. (Flow). DXN announced that it has received AUD 2,000,000 in cash as part of the exclusivity and licensing fees associated to the EGDLA. Further, DXN has also received the first quarterly payment of AUD 125,000 related to the EGCSA.

Joint work has commenced for both contracts including design work for projects related to the delivery of a minimum purchase commitment of ten (10) modular data centers annually to Flow per the EGDLA. Due to the uncertainty in recent months of the Company's EDGE module manufacturing business and subsequent termination of the business sale agreement with Flow as announced on 31 October 2022, many prospective customers delayed discussions. The company to report that, now this uncertainty has been resolved, customers have resumed their engagement with DXN.

As announced at the Annual General Meeting (AGM), DXN is in the process of delivering the design orders for modular data centers for: DCE Electrical Modular Data Centre Design order for Telstra. Anglo American Modular Data Centre Design order. DXN has been considering all strategic options to sell its data center assets, thereby providing the opportunity to repay existing debt facilities, provide additional working capital to the modular manufacturing business and focus on reaching positive EBITDA.

DXN has received non-binding indicative offers to acquire its data center assets and negotiations are in advanced stages. DXN will keep shareholders updated on the progress of these negotiations.