Reference is made to the Company's earlier announcement dated 18 September 2025. Unless otherwise defined, all definitions used throughout this announcement shall have the same meaning as defined in our said earlier announcement.

The Board of Directors of the Company wishes to announce that the shareholders' agreement and first supplemental agreement dated 18 September 2025 (collectively, the "SHAs") entered into between BWYS Metech Sdn. Bhd. (formerly known as YS Success Industries Sdn. Bhd.), a wholly-owned subsidiary of the Company, YS Global Industries Sdn. Bhd., an indirect wholly-owned subsidiary of the Company, Lionwise Holding Group Pte. Ltd. ("LHG"), an 81.48%-owned subsidiary of Runwin International (HK) Holding Group Co. Limited and FXD Group Sdn. Bhd. and have been mutually terminated by all parties on 18 May 2026.

Subsequent to the termination of the SHAs, the Company had on 18 May 2026 entered into a new shareholders' agreement with LHG, FXD and BWYS Colour Sdn. Bhd. ("BWYS Colour"), a wholly-owned subsidiary of the Company to form a joint venture ("Proposed JV") to regulate their relationship inter se as among the shareholders of BWYS Colour in relation to the undertaking of the Proposed JV.

This announcement is dated 18 May 2026.