The Board of Directors of Elsoft Research Berhad ("Company") wishes to announce that the Company proposed to seek shareholders' approval for the Proposed Renewal of Share Buy-Back Authority of the Company at the forthcoming Twenty-second (22nd) Annual General Meeting ("AGM") of the Company. 

At the Twenty-first AGM of Elsoft held on 7 June 2024, shareholders had approved the authority for the purchase by the Company of its own shares of up to ten percent (10%) of the total number of issued shares of the Company.

The said approval, unless renewed, shall expire at the conclusion of the forthcoming 22nd AGM of the Company.

Accordingly, the Company intends to seek shareholders’ approval at the forthcoming 22nd AGM for the Proposed Renewal of Share Buy-Back Authority.

A statement containing the details of Proposed Renewal of Share Buy-Back Authority will be dispatched to the shareholders of the Company together with the 2024 Annual Report in due course.

This announcement is dated 18 April 2025.