Reference is made to the announcements dated 16 June 2025, 6 October 2025, 18 November 2025 and 2 December 2025 in relation to the Construction Industry Payment and Adjudication Act 2012 (“CIPAA”) proceedings initiated by its wholly-owned subsidiary, ASTEEL (Sarawak) Sdn Bhd (“ASWK”) against Dynaciate Engineering Sdn Bhd (“Dynaciate”).

The Board of Directors of ASTEEL Group Berhad wishes to announce that ASWK has on 8 December 2025 issued a Notice of Arbitration pursuant to Rule 5 of the Asian International Arbitration Centre (Malaysia) Arbitration Rules 2021 to Dynaciate seeking remedy(ies) on unpaid balance together with interests amounting to RM723,106.36 as at 31 October 2025 arising from Roofing and Installation Works.

ASTEEL Group Berhad will make further announcement on any further development in this matter.

This announcement is dated 9 December 2025.