The Mandatory Provident Fund Schemes Authority (MPFA) of Hong Kong announced on 29 January 2021 that it has awarded PCCW Solutions Limited (PCCW Solutions) with the contract for the design, build and operation of the eMPF Platform. The eMPF Platform aims to standardise, streamline and automate the MPF scheme administration processes to create room for fee reduction and a predominantly paperless experience in the MPF System. iFAST Corporation Ltd. (the Group) announced that the Group had participated in the tender for the eMPF Platform project with PCCW Solutions as their Prime Subcontractor for a category that includes MPF scheme operation services, transformation services and user delivery services (Category C). The Group's participation in the eMPF Platform project is subjected to finalisation of contractual details. iFAST Corp. will share more details on the project with its shareholders in due course.