Black Box Networks Services Australia Pty Ltd ("Acquirer 1"), Indirect Wholly-Owned Subsidiary of AGC Networks Limited ("the Company"), has entered into a Share Sale Agreement with Agile Group Limited ("Seller") today i.e. on June 10, 2020, to acquire 100% stake in Pyrios Pty Limited ("Target Company 1"), for a purchase consideration of US$ 800,000/- (US Dollars Eight Hundred Thousand Only). The said acquisition is anticipated to be completed within 6 months.