Reference is made to the Company's announcement dated 16 June 2026. Unless otherwise defined, the definitions set out in the said announcement shall apply herein.

The Board of GREENTEC wishes to provide additional information in relation to the Proposed Joint Venture. The Board believes that the Proposed Joint Venture provides a strategic platform for GREENTEC, ACHELOUS HK and ACHELOUS MY to combine their respective strengths to undertake the JV Business.

ACHELOUS HK will contribute its technical expertise, proprietary technology, industry know-how, operational experience and technical support in lithium-ion battery recycling and critical metals recovery, including technology deployment, operational guidance, training, process optimisation and knowledge transfer. ACHELOUS MY, as the Malaysian shareholder vehicle of ACHELOUS HK, will cooperate with GREENTEC on matters relating to the governance and management of the JV Company.

GREENTEC will contribute its corporate management capabilities, financial resources, regulatory coordination and operational oversight to support the establishment and commercialisation of the JV Business. While the Group's existing businesses are principally involved in property construction and development, fleet management services and financing services, the Board believes that its experience in project execution, business development, stakeholder management, regulatory compliance and operational management is transferable and relevant to the successful implementation of the JV Business.

Accordingly, the Board is satisfied that the JV Business structure enables the Group to combine its corporate and operational capabilities with ACHELOUS HK's technical expertise and industry knowledge, thereby providing the necessary resources and competencies to effectively undertake the JV Business.

The Board also wishes to inform that the Proposed Joint Venture does not presently constitute a diversification of the Company's operations under Paragraph 10.13 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, as the JV Business has yet to commence operations and its contribution to the Group cannot be determined at this juncture.

Nevertheless, the Company intends to venture into the lithium-ion battery recycling, black mass processing, critical metals recovery and related recycling businesses through the Proposed Joint Venture. Should the contribution of the JV Business reach the prescribed threshold under Paragraph 10.13 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad in the future, the Company will undertake the necessary steps to seek shareholders' approval for the proposed diversification and comply with all applicable regulatory requirements at the relevant time.

This Announcement is dated 18 June 2026.