The Company is a member of KNM Group Berhad (“KNMG”), holding not less than ten per cent (10%) of the paid up capital of the Company carrying the right of voting at general meetings of members of KNMG.

KNMG is currently a company under PN17 and has submitted a Proposed Regularisation Plan (“Proposed Regularisation Plan”) to Bursa Malaysia Securities Berhad (“Bursa Securities”) which comprises the following:

(i) proposed disposal by KNM Process Systems Sdn Bhd, a wholly-owned direct subsidiary of KNMG, of 1 share in Deutsche KNM GmbH (“DKNM”), representing 100% equity interest in DKNM for a total disposal consideration of EUR270.00 million (“Proposed Disposal of DKNM”);

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

(iii) proposed consolidation of every four (4) existing ordinary shares in KNMG into one (1) KNMG share.

On 3 October 2025 the Company was made aware that Bursa Securities had rejected the Proposed Regularisation Plan.

The Company is of the view that the Proposed Disposal of DKNM is in the best interest of stakeholders.

In this regard, on 7 October 2025 the Company issued a written requisition to the Board of KNMG (“Requisition Notice”) to convene an Extraordinary General Meeting (“EGM”) pursuant to Sections 310, 311 and 312 of the Act for the purpose of considering and, if thought fit, passing the special resolution for the Proposed Disposal of DKNM.

On 8 October 2025 the Company received a letter from KNMG, stating that its Board had deliberated on the Requisition Notice and regretted to advise the Company that KNMG will not be able to convene the EGM.

After due deliberation, the Company has decided to proceed with the convening of the EGM pursuant to Section 313 of the Act. In this regard, on 8 October 2025, the Company issued a notice of meeting to the shareholders of KNMG to convene the EGM for the purpose of considering and, if thought fit, passing the special resolution for the Proposed Disposal of DKNM.

This announcement is dated 9 October 2025.