The Board of Directors of ASTEEL Group Berhad ("the Company") wishes to announce that the Company intends to seek the approval of the shareholders for the renewal of and new shareholder mandate for recurrent related party transactions ("Proposed Shareholder Mandate") at the 49th Annual General Meeting to be convened at a later date.

The Circular to Shareholders in relation to the Proposed Shareholder Mandate will be despatched to shareholders in due course.

This announcement is dated 10 April 2026.