SINGAPORE, 8 Jan 2026 - Embed Financial Group Holdings Pte. Ltd. (“EFGH”) has entered into a Memorandum of Understanding dated 5 January 2026 with International Cyber Security - ICS Joint Stock Company (“ICS”), a company incorporated in Vietnam.

The MoU records the Parties’ mutual intent to explore collaboration in the delivery of training programmes in digital transformation, financial technology and digital assets in Vietnam.

Collaboration Objective

The contemplated collaboration combines EFGH’s proprietary curriculum, subject matter expertise and training frameworks with ICS’ local market presence, delivery capabilities and regulatory familiarity.

The objective is to develop training offerings tailored to the Vietnam market, subject to further agreement between the Parties.

Scope of Cooperation

The MoU outlines potential cooperation across the following areas:

Provision by EFGH of curriculum, course materials and syllabi
Train-the-trainer sessions conducted by EFGH
Local course delivery and operational management by ICS, including enrolment and administration
Marketing and promotion in accordance with agreed branding guidelines
Compliance with applicable Vietnamese laws and accreditation requirements

Each programme or initiative, if pursued, will be governed by separate definitive agreements. Neither Party is obligated to proceed with any specific programme unless such agreements are executed.

Legal Status

The MoU is a statement of mutual intent only and does not create legally binding commercial obligations, except in relation to confidentiality and intellectual property provisions.

Financial arrangements, including revenue sharing or licensing terms, have not been agreed and would be addressed in separate definitive agreements, if applicable.

Each Party will bear its own costs unless otherwise agreed in writing.

The MoU is governed by the laws of Singapore.

Executive Comment

Dennis Ng, Executive Chairman of EFGH, said:

“This Memorandum of Understanding establishes a structured framework to explore training collaboration in Vietnam. Any implementation will proceed through formal agreements and clearly defined programme documentation.”

No financial impact guidance is provided in connection with this MoU.