Reference is made to the Company’s announcements dated 31 October 2022, 1 December 2022, 3 January 2023, 1 February 2023, 1 March 2023, 3 April 2023, 2 May 2023, 1 June 2023, 3 July 2023, 1 August 2023, 1 September 2023, 2 October 2023, 30 October 2023, 1 November 2023, 1 December 2023, 2 January 2024, 5 January 2024, 2 February 2024, 1 March 2024, 1 April 2024, 26 April 2024, 2 May 2024, 4 June 2024, 1 July 2024, 1 August 2024, 2 September 2024, 1 October2024, 22 October 2024, 29 October 2024, 1 November 2024, 29 November 2024, 2 December 2024, 17 December 2024, 2 January 2025, 3 February 2025, 3 March 2025, 2 April 2025, 2 May 2025, 3 June 2025, 1 July 2025, 1 August 2025 and 2 September 2025 in relation to the Company being classified as an affected listed issuer under Practice Note 17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities").

On 2 May 2025, the Company announced that Bursa Securities had granted an extension of time of 6 months up to 31 October 2025 to submit its regularisation plan to the regulatory authorities.

Reference is also made to the announcement made on 17 December 2024, in which the Company had announced that Borsig Group, had entered into a new replacement Facility Agreement with Landesbank Baden-Württemberg and other participating financial institutions. This facility will ensure Borsig Group is able to continue with its operations as normal.

On 27 February 2025, the Company announced that on 26 February 2025, KNM Process Systems Sdn Bhd, a wholly-owned subsidiary of the Company, entered into a conditional sale, purchase and transfer agreement with NGK Insulators, Ltd for the proposed disposal of 1 share in Deutsche KNM GmbH ("DKNM") (the immediate holding company of the Borsig Group), representing 100% equity interest in DKNM for a disposal consideration of EUR270.0million (the “Borsig Disposal”). The proceeds raised from this disposal are intended to be utilised to settle the Company’s indebtedness. For further details of the disposal, please refer to the announcement made on 27 February 2025.

On 19 August 2025, the Company announced that the Company is proposing to undertake a regularisation plan (“Regularisation Plan”) which shall comprise the following:

(i) the Borsig Proposal;

(ii) proposed reduction of KNM’s issued share capital pursuant to Section 116 of the Companies Act 2016; and

(iii) proposed consolidation of every four (4) existing ordinary shares in KNM (“KNM Share(s)”) into one (1) KNM Share,

For further details of the Regularisation Plan, please refer to the announcement made on 19 August 2025.

The application in relation to the Proposed Regularisation Plan was submitted to Bursa Securities on 26 August 2025; announcement of which was made on 27 August 2025.

The Company will make the necessary announcement in due course with regard to any material development accordingly.

This announcement is dated 1 October 2025.