(Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the Prospectus of Minox dated 20 September 2023 in relation to the IPO (“Prospectus”))

1. INTRODUCTION

Reference is made to the proposed utilisation of IPO proceeds as disclosed in the Company’s Prospectus. The Company has raised gross proceeds of RM22.5 million from its IPO ("IPO Proceeds"). The Board of Directors of Minox (“Board”) wishes to announce that it has deliberated and resolved to extend the timeframe for the remaining utilisation of IPO Proceeds allocated to the construction of Warehouse 4 approximately of RM3.8 million.

2. DETAILS OF THE EXTENSION OF TIMEFRAME OF THE UTILISATION OF PROCEEDS

Minox and its subsidiaries (“Group”) have utilised approximately RM15.0 million as at 26 August 2025 from the total IPO Proceeds of RM22.5 million. The details of the extension of timeframe of the IPO Proceeds are set out below:

The utilisation of IPO Proceeds as disclosed above should be read in conjunction with the Company’s Prospectus. Save for the above variation, the proposed utilisation of IPO Proceeds as disclosed in the Prospectus remains unchanged.

3. RATIONALE

The Board has decided to extend the timeframe of the utilisation of IPO Proceeds for the construction of Warehouse 4  for an additional 12 months, up to 36 months from the date of listing of the Company. The Company received the planning permission in June 2025 and requires additional time to obtain the building plan approval from the Subang Jaya City Council.

4. APPROVALS REQUIRED

The extension of timeframe for the utilisation of IPO Proceeds is not subject to approval from any regulatory authorities or the Company’s shareholders. Nevertheless, the Board shall continue to be vigilant and prudent in managing the remaining IPO Proceeds and will continue to disclose the status of the utilisation of IPO Proceeds in its quarterly reports and annual report until their full utilisation.

The Board is of the opinion that the extension of timeframe will not have any material effect on the Company’s financial performance and would be in the best interest of the Company.

This is announcement is dated 26 August 2025.