Systech Bhd. (“Systech” or the “Company”), a Malaysian digital technology company with core offerings in AI-powered enterprise platforms and digital transformation solutions, today announced that its wholly owned subsidiary, Systech Digital Solutions Sdn. Bhd. (“Systech Digital”) has entered into a Malaysia Master Distributor Agreement (“Agreement”) with China Electronics Technology Kingbase (Beijing) Technologies Inc. (“CETKBT”).
Under the Agreement, Systech Digital has been appointed as a non-exclusive distributor of CETKBT’s database software products known as “Kingbase” in Malaysia.
Systech Digital is authorised to market and sell Kingbase database software products within Malaysia, subject to the agreed customer and territorial arrangements. CETKBT will support Systech Digital by providing promotional materials, relevant product documentation, channel support and periodic training covering product knowledge, solutions, sales capabilities and the exchange of market experience and information.
The appointment broadens Systech’s digital solutions portfolio and provides an additional route for the Group to market and distribute database software products by leveraging its existing distribution capabilities, customer network and market presence. It also complements Systech’s existing offerings across AI, Internet of Things (“IoT”), Enterprise Resource Planning (“ERP”), Human Capital Management (“HCM”) and digital transformation solutions.
Systech Digital will designate dedicated resources to manage the Kingbase business and actively promote the products in Malaysia. The parties will also intend to broaden local market coverage through customer engagement, channel development and technical enablement, with CETKBT providing ongoing product and market support to enhance Systech Digital’s sales and technical service capabilities.
Dr Low Min Yew, Managing Director of Systech Bhd., said: “The appointment adds another important building block to Systech’s enterprise technology portfolio. Database software is a fundamental component of digital systems, and the Kingbase distributorship provides us with another solution that we can bring to customers through our existing network while complementing our broader digital transformation capabilities.”
He added, “Our focus is to build a broader and more integrated technology offering around the needs of Malaysian enterprises. By combining Kingbase’s database software products with Systech Digital’s local market reach and delivery capabilities, we believe the Agreement can create additional business opportunities while strengthening our position as a digital solutions provider.”
The Agreement will remain in force until 31 December 2027. Subject to Systech Digital achieving the required performance targets, maintaining compliance with the Agreement and both parties agreeing to continue the relationship, a renewal may be pursued through a new agreement.
The Agreement is not expected to have any material effect on Systech’s earnings per share for the financial year ending 31 March 2027. Nevertheless, the Board expects the appointment to provide additional business opportunities and contribute positively to the Group’s future revenue and earnings.
The Agreement will not affect Systech’s issued share capital or the shareholdings of its substantial shareholders and is not expected to have any material effect on the Group’s net assets per share or gearing for the financial year ending 31 March 2027.
Systech said the appointment is aligned with its strategy to expand its product portfolio and distribution business in Malaysia, while leveraging its existing customer network and market presence to pursue new digital technology opportunities.
