Reference is made to the Company's circular to shareholders dated 27 May 2021 ("circular") in relation to the Private Placement. The Company had on 19 September 2023, 26 September 2024 and 26 September 2025 extended the timeframe for the utilization of the proceeds raised from the Private Placement.

The Board of Directors of Metronic wishes to announce that as at 24 September 2026, the Company has yet to fully utilize the proceeds raised from the Private Placement and requires additional time to fully utilise the balance of proceeds amounting to RM15,428,000, which was earmarked for funding for business acquisition.

Please refer to the attachment for further details.

This announcement is dated 24 September 2026.