Reference is made to the Company’s announcement dated 15 July 2025 (Previous Announcement) pertaining to the Malaysian Anti-Corruption Commission ("MACC") together with the Inland Revenue Board of Malaysia ("IRBM") investigation in relation to scrap metal activities. Unless otherwise stated, the term used herein shall have the same meaning stated in the Previous Announcement.

The Board wishes to announce that the Company has on 20 January 2026 evening received a notification dated 19 January 2026 from the IRBM that the investigation has been completed and the Company’s records are proper. The Company’s bank account that has been previously earmarked by the MACC has also been regularised.

The Company will ensure that the Group will continue to be managed with the highest level of integrity, transparency and strict regulatory discipline, ensuring that all procedures are conducted in full compliance of applicable laws and requirements.

This announcement is dated 22 January 2026.