We wish to announce that NEXG-C62 had expired at 9.00 a.m. on 7 April 2025 ("Expiry Date") and the Cash Settlement Amount shall be calculated as set out below:

Cash Settlement Amount
= Number of NEXG-C62 exercised x (1/Exercise Ratio) x (Closing Price - Exercise Price) 
= Number of NEXG-C62 exercised x (1/1) x (RM0.2469 - RM0.5800) 
= Number of NEXG-C62 exercised x RM0.0000 

The Closing Price of RM0.2469 is the average daily volume weighted average price (VWAP) of the ordinary shares of NEXG on Bursa Malaysia Securities Berhad for the five (5) market days prior to and including the market day immediately before the Expiry Date. The NEXG-C62 is deemed to have been automatically exercised on the Expiry Date.

As the Cash Settlement Amount is less than Zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised NEXG-C62 will cease to be valid and all our obligations in respect to NEXG-C62 shall terminate absolutely.

This announcement is dated 7 April 2025.