1. INTRODUCTION

Pursuant to Paragraph 9.13 (37) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Listing Requirements"),  the Board of Directors of Greentronics ("the Board") wishes to announce that the Company's External Auditors, Messrs UHY Malaysia PLT had opined, except for the possible effect of the matters described in the "Basis for Qualified Opinion" as stated below, the accompanying financial statements give a true and fair view of the financial position of the Group and of the Company as at 31 December 2025.

2. BASIS FOR QUALIFIED OPINION

Please refer to the Appendix 1 for the details of the qualified opinion as disclosed in the Independent Auditors' Report of the financial year ended 31 December 2025.

3. STEP TAKEN OR PROPOSED TO BE TAKEN TO ADDRESS THE MATTERS THAT RELATES TO THE QUALIFIED OPINION

The Borad refers to the qualified opinion expressed by the external auditors in respect of the absence of an impairment loss recognised, which resulted in the Group's trade receivables being overstated by RM5,864,085 for the financial year ended 31 December 2025.

The Board wishes to clarify that the Management has assessed the recoverability of the said receivable based on ongoing engagements with the debtor and is of the view that the amount remains recoverable, supported by the following:

(i) The Group has strengthened its monitoring of the debtor's financial position and repayment capacity, including regular follow-ups, review of available financial information and close engagement with the debtor's management;

(ii) The Group is reviewing the debtor's operational outlook, and relevant forward-looking information to assess the likelihood of recovery;

(iii) The debtor has provided written assurance and reaffirmed its commitment to meeting its obligations while seeking time to regularise its cash flow position and indicating that it is exploring appropriate settlement options; and

(iv) The Group is in active negotiations with the debtor, which have progressed to ongoing discussions to recover the outstanding amount through various options, including structured instalment repayment plan or other debt settlement arrangements such as fixed instalments, a hybrid cash-and-asset settlement, equity conversion or an-offsetting arrangement where commercially viable.

4. TIMELINE FOR THE STEPS

Engagement with debtor is on-going, and the Board expects to resolve the above-mentioned issues within the next six (6) months.

Notwithstanding the above, the Board acknowledges that there remains inherent uncertainty in the recovery of the said receivable. In such circumstances, the Group will continue to review its expected credit loss assessment and make appropriate adjustments where necessary in accordance with applicable accounting standards, should recovery efforts not be successfully concluded within the expected timeframe or if indicators of impairment arise.

The Board will continue to monitor the matter closely and will make the necessary announcements on any material developments in compliance with the Listing Requirements.

This announcement is dated 24 April 2026.