Reference is made to the announcement of the Company on 8 October 2025 on the Notice of Extraordinary General Meeting (“EGM”).

The Board of Directors of KNM Group Berhad (“KNMG” or “the Company”) clarifies that the Company received a letter dated 7 October 2025 from MAA Group Berhad (“MAAG”), a shareholder holding no less than ten percent (10%) of the Company’s paid-up share capital carrying voting rights at general meetings. In this letter, MAAG submitted a written requisition for the convening of an Extraordinary General Meeting (“EGM”) pursuant to Sections 310, 311, and 312 of the Companies Act 2016 ("CA2016").

The purpose of the requested EGM is to pass a special resolution regarding the proposed disposal by KNM Process Systems Sdn Bhd (“KNMPS”), a wholly-owned subsidiary of KNMG, of one (1) share in Deutsche KNM GmbH (“DKNM”), representing 100% of the equity interest in DKNM, for a total consideration of EUR 270.00 million.

After careful consideration, the Board of KNMG regretted to advise MAAG that, due to the regulatory requirements under the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), it will not be able to meet the timeline to convene the requested EGM.

As the Company is currently in PN17 status, the Board of KNMG must strictly adhere to the MMLR to mitigate any risks to the Company’s listing status. Given these constraints, the Board has decided that it will not be possible to convene the requested EGM.

On 8 October 2025, the Company received a Letter from MAAG informing that it has decided to proceed with the convening of the EGM pursuant to Section 313 of the CA2016, along with the Notice of calling of the said EGM by MAAG, which was duly announced yesterday.

The Board remains committed to acting in the best interests of the Company and will continue to update shareholders as necessary.

This announcement is dated 9 October 2025.