ACE-Listed Kronologi’s FY2017 Net Profit Rises 68.

5% to
RM12.1 Million On Full-Year Contributions From India Subsidiary

Change Change
RM ‘000 4Q’17 4Q’16 FY2017 FY2016
(%) (%)
Revenue 42,737 27,267 56.8 144,369 81,281 77.6
Gross Profit 9,769 6,463 51.2 33,728 21,929 53.8
Net Profit 3,435 2,585 32.9 12,063 7,161 68.5
Earnings Per
1.27 1.01 25.7 4.47 2.79 60.2
Share (sen)*
*Based on fully diluted issued share capital base of 269,681,000 shares as at 31 December 2017

Kuala Lumpur, 26 February 2018 – Bursa ACE-listed Kronologi Asia Berhad (“Kronologi”
or “the Group”) announced today that its net profit for the financial year ended 31 December
2017 (“FY2017”) rose 68.5% to RM12.1 million, propelled by full-year contributions from its
wholly-owned India subsidiary, Quantum Storage (India) Pte. Ltd. (“QSI”).

Kronologi, which provides on-site and off-site enterprise data management (“EDM”) and data
storage solutions to Asian businesses, said the higher net profit was achieved on revenue of
RM144.4 million in FY2017, a 77.6% increase from RM81.3 million the previous year.

QSI, which was consolidated in October 2016, accounted for three months of the Group’s
financial performance in FY2016. In December 2017, Kronologi extended its regional footprint
through the RM45 million acquisition of Quantum Storage (Hong Kong) Limited (“QHK”). For
FY2017, QHK contributed to one month of financial performance.

Gross profit rose by 53.8% to RM33.7 million in FY2017 from RM21.9 million a year earlier.
Gross profit margin declined slightly to 23.4% from 27.0% over the comparative periods, due
mainly to the higher proportion of lower-margin products sold during FY2017. Net profit margin
remained above 8.0% for the comparative periods.

Kronologi said 95.9% of its FY2017 revenue came from its EDM Infrastructure Technology
Division. Given its presence in ten locations across eight countries, Southeast Asia (including
Singapore) was the Group’s main revenue driver and recorded RM90.3 million in FY2017, a
51.0% increase compared to RM59.8 million a year earlier.

Earnings per share on a fully diluted issued share capital base of 269,681,000 shares (after
incorporating new shares to be issued for the settlement of QSI and QHK final payment) rose
to 4.47 sen for FY2017 (FY2016: 2.79 sen with share capital base of 256,313,000 shares).

Net asset value per share stood at RM0.43 as at 31 December 2017, 2.3 times higher
compared to RM0.19 as at 31 December 2016.

Short-term borrowing in FY2017 increased to RM14.3 million from RM3.8 million in FY2016
as the Group leveraged on trade facilities for bill payables and conserved cash for
opportunities in merger and acquisition activities, as well as the expansion of the Group’s
transnational data backup infrastructure. Cash and bank balances increased to RM35.1 million
as at 31 December 2017 from RM8.3 million as at 31 December 2016.

“We are pleased to deliver strong results for FY2017, which were mainly due to the continued
growth of our core business in Southeast Asia as well as the full consolidation of our India
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subsidiary,” said Mr. Philip Teo, Acting Chief Executive Officer, Chief Technology Officer and
Executive Director of Kronologi.

“Having recently completed our expansion to Hong Kong and Taiwan, we are confident of our
enhanced value proposition for customers across Asia for both the EDM and managed
services groups,” he added.

“We expect the demand for EDM solutions to continue growing as more enterprises in the
region increase their storage requirements. Government-backed IT adoption initiatives across
the region also augur well for our unique value proposition,” Mr Teo said.

Barring unforeseen circumstances, the Group expects its FY2018 performance to be better
than that of FY2017, in view of the full consolidation of QHK’s revenue and profit.

**End of Press Release**

Issued on behalf of the Company by WeR1 Communications Sdn. Bhd.:

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About Kronologi Asia Berhad

Listed on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) since 2014,
Kronologi Asia Berhad (“Kronologi” and together with its subsidiaries, the “Group”) provides
on-site and off-site enterprise data management (“EDM”) and data storage solutions to Asian
businesses.

Kronologi specialises in data assurance and protection to ensure business continuity for its
clients via its EDM infrastructure technology and EDM managed services division.

The Group has a presence in Malaysia, Singapore, Thailand, Philippines, Indonesia, India,
Hong Kong and Taiwan.