Reference is made to the Company’s announcements dated 31 October 2022, 1 December 2022, 3 January 2023, 1 February 2023, 1 March 2023, 3 April 2023, 2 May 2023, 1 June 2023, 3 July 2023, 1 August 2023, 1 September 2023, 2 October 2023, 30 October 2023, 1 November 2023, 1 December 2023, 2 January 2024, 5 January 2024, 2 February 2024, 1 March 2024, 1 April 2024, 26 April 2024, 2 May 2024, 4 June 2024, 1 July 2024, 1 August 2024, 2 September 2024, 1 October 2024, 22 October 2024, 29 October 2024, 1 November 2024, 29 November 2024, 2 December 2024, 17 December 2024, 2 January 2025, 3 February 2025, 3 March 2025, 2 April 2025, 2 May 2025, 3 June 2025, 1 July 2025, 1 August 2025, 2 September 2025 and 1 October 2025 in relation to the Company being classified as an affected listed issuer under Practice Note 17 (“PN17”) of the Main Market Listing Requirements (“Main LR”) of Bursa Malaysia Securities Berhad ("Bursa Securities").

On 2 May 2025, the Company announced that Bursa Securities had granted an extension of time of 6 months up to 31 October 2025 to submit its regularisation plan to the regulatory authorities.

Reference is also made to the announcement made on 17 December 2024, in which the Company had announced that Borsig Group, had entered into a new replacement Facility Agreement with Landesbank Baden-Württemberg and other participating financial institutions. This facility will ensure Borsig Group is able to continue with its operations as normal.

On 27 February 2025, the Company announced that on 26 February 2025, KNM Process Systems Sdn Bhd, a wholly-owned subsidiary of the Company, entered into a conditional sale, purchase and transfer agreement with NGK Insulators, Ltd for the proposed disposal of 1 share in Deutsche KNM GmbH ("DKNM") (the immediate holding company of the Borsig Group), representing 100% equity interest in DKNM for a disposal consideration of EUR270.0million (the “Borsig Disposal”). The proceeds raised from this disposal are intended to be utilised to settle the Company’s indebtedness. For further details of the disposal, please refer to the announcement made on 27 February 2025.

On 19 August 2025, the Company announced that the Company was proposing to undertake a regularisation plan (“Proposed Regularisation Plan”) which shall comprise the following:

(i) the Borsig Proposal;

(ii) proposed reduction of KNM’s issued share capital pursuant to Section 116 of the Companies Act 2016; and

(iii) proposed consolidation of every four (4) existing ordinary shares in KNM (“KNM Share(s)”) into one (1) KNM Share,

For further details of the Proposed Regularisation Plan, please refer to the announcement made on 19 August 2025.

The application in relation to the Proposed Regularisation Plan was submitted to Bursa Securities on 26 August 2025; announcement of which was made on 27 August 2025.

On 3 October 2025, the Company announced that Bursa Securities, vide its letter dated 3 October 2025 (“Letter”) decided to reject the Proposed Regularisation Plan. In the circumstances, the trading in the securities of KNM was suspended from 13 October 2025 onwards and would be de-listed on 5 November 2025 unless an appeal against the rejection of the proposed regularisation plan and de-listing was submitted to Bursa Securities on or before 2 November 2025.

The reason Bursa Securities gave for its rejection of the Proposed Regularisation Plan was that the “Company and its Principal Adviser had not demonstrated to the satisfaction of Bursa Securities on the ability of the Proposed Regularisation Plan to comply with Paragraphs 5.4 and 5.5 of PN17 of the Main LR as there were concerns on the comprehensiveness of the Proposed Regularisation Plan in addressing the issues that caused KNM to trigger the Prescribed Criteria of PN17 and Paragraph 8.03A and to sustain and grow the business operations of KNM.”

On 8 October 2025, the Company announced that an appeal against the de-listing decision had been submitted to Bursa Securities on 7 October 2025 (“Appeal”) and the de-listing of the securities of the Company on 5 November 2025 would be deferred pending the decision on the Appeal by Bursa Securities.

On 27 October 2025, the Company announced that, after careful deliberation, it resolved to withdraw the Appeal. A formal withdrawal letter was submitted by the Company to Bursa Securities on even date.

Following the withdrawal of the Appeal, the Company accepts and will abide by the Bursa Securities’ rejection of the Proposed Regularisation Plan. Accordingly, the securities of KNM will be de-listed from the Official List of Bursa Securities with effect from 5 November 2025.

This announcement is dated 3 November 2025.