DNEX SUBSIDIARY APPRAISED AT CMMI MATURITY LEVEL 3

CYBERJAYA, July 1 (Bernama) -- Dagang NeXchange Berhad (“DNeX”) has announced that its wholly-owned subsidiary, Dagang Net Technologies Sdn Bhd (“Dagang Net”) has been appraised at Maturity Level 3 of the CMMI Institute’s Capability Maturity Model Integration (CMMI)® Version 2.0 namely for the company’s Technology and Human Resource functions. CMMI is a capability improvement framework that provides organisations with the essential elements of effective processes that ultimately improve their performance. The appraisal indicates Dagang Net is performing at a defined level where processes are well characterised and understood, and are described in standards, procedures, tools, and methods. Dagang Net’s set of standard processes, which is the basis for Maturity Level 3, is established and improved over time. “We are pleased to be appraised at Maturity Level 3 of CMMI Institute’s Capability Maturity Model Integration (CMMI)® Version 2.0. We understand that Dagang Net is among the first few organisations this year to be ranked at this level of this new version,” said Tan Sri Syed Zainal Abidin Syed Mohamed Tahir, Group Managing Director of DNeX. “It is a testament to our commitment to work quality, and we hope this can help build higher customer trust and confidence in our products and services moving forward. We are truly blessed with this achievement, made possible with dedication of all staff involved who have worked tirelessly towards this end,” he said. The appraisal was performed by MFQ Asia Sdn Bhd, a consultancy company specialising in improving organisational performance through the development of the organisation’s people and process capabilities. Dagang Net has earlier this year received approval on the contract extension for the National Single Window (“NSW”) for Trade Facilitation from the Government of Malaysia. The contract extension is for a period of three years commencing from 1 September 2021 until 31 August 2024. About Dagang NeXchange Berhad Dagang NeXchange Berhad (“DNeX”) is a leading provider of award-winning eServices for Trade Facilitation and has a wealth of knowledge, expertise and operational know-how in the provisioning of eServices for Trade Facilitation, and System Integration and Consultancy. DNeX is also making its mark as a reputable player in the oil and gas, and energy sector. The company is listed on the Main Market of Bursa Malaysia. For more information on the company, log on to www.dnex.com.my. About CMMI Institute CMMI Institute is the global leader in the advancement of best practices in people process, and technology. CMMI Institute’s promise is to inspire cultures of continuous improvement that elevate performance and create sustainable competitive advantage. To learn more about how CMMI can help your organisation elevate performance, visit www.cmmiinstitute.com. Source: Dagang NeXchange Berhad FOR MORE INFORMATION, PLEASE CONTACT: Name: Sharifah Kasim Al Edrus Head, Media & Investor Relations Dagang NeXchange Berhad Tel +603 8230 6900 / +6013 342 1505 Fax +603 8230 6969 Email: sharifah.kasim@dnex.com.my Name: Keow Mei-Lynn Capital Front Investor Relations Tel: +6 (012) 250 5575 Email: meilynn@capitalfront.biz --BERNAMA