The Board of Directors of the Company wishes to announce that its indirect wholly-owned subsidiary, YS Global Industries Sdn. Bhd. (“YSGI”) had on 18 September 2025 entered into the Cooperation Agreements (as detailed in the attachment) with Runwin International (HK) Holding Group Co., Limited ("Runwin") for the purpose of setting up a colour coating production line for the commercial production of colour coated steel coils.

In conjunction with the Cooperation Agreements, YSGI together with YS Success Industries Sdn. Bhd., also a wholly-owned subsidiary of the Company had on 18 September 2025 entered into a Shareholders’ Agreement ("SHA") and a first supplemental agreement to the SHA with Lionwise Holding Group Pte. Ltd., an 81.48%-owned subsidiary of Runwin and FXD Group Sdn. Bhd. to form a joint venture (“Proposed JV”) to regulate their relationship inter se as shareholders of YSGI and the conduct the business and affairs of YSGI.

Please refer to the attachment for further details of the Proposed JV.

This announcement is dated 18 September 2025.