Reference is made to the Company’s initial public offering (" IPO”) prospectus dated 12 May 2023 (“IPO Prospectus”) issued in conjunction with the listing of and quotation for the Company’s entire issued share capital on the ACE Market of Bursa Malaysia Securities Berhad on 1 June 2023.

The Board of Directors of Synergy wishes to announce that after due deliberation, the Board has resolved to vary the use of its remaining balance of IPO proceeds amounting to RM1.50 million, or approximately 4.36% of the total IPO Proceeds, to fund the purchase of inventories for the Group's e-commerce fulfilment centres in overseas countries ("Variation").

Further details of the Variation is set out in the attachment.

This announcement is dated 1 October 2024.