Rexit recently won the MSC APICTA (Asia-Pacific ICT Awards) Merit Award for the Best Financial Industry Application for its
e-Cover Online Insurance Portal, which was announced on 6 October 2006.

Following this, Rexit qualified to participate at the APICTA 2006 in Macau SAR which was held on 2-5 November 2006, where
we competed against applications and services from the 16 member countries. At this international level, our e-Cover Online Insurance Portal also won the Merit Award for Best Financial Industry Application.

The judging criteria included uniqueness of the application/ services, the potential of the product and its acceptance in the market,
its functionalities and features, product quality and the application of the technology.

This recognition both locally and internationally, is testimony that e-Cover is an application that has helped to enhance and revolutionize the way insurance business is conducted within Malaysia, as well as in other countries in the near future.