The Board of Directors of AA Group Holdings Ltd. announced that the company has on 14 January 2019 entered into a Memorandum of Understanding (MOU) with OneAsia Network (Pte.) Ltd. (OneAsia) whereby the parties have agreed to negotiate exclusively for a period of twelve months from the date of the MOU (or such other longer period as the parties may agree from time to time) with regards to any potential joint venture, investment and/or collaboration in relation to the development of data centers and/or the development of the plot of land at 60 Benoi Road, Singapore 629906.