The Board of Directors of ASM wishes to announce that it has resolved to extend the timeframe for the utilisation of part of the proceeds raised from its initial public offering ("IPO"), namely the proceeds allocated for the design and development activities. ASM was listed on the ACE Market of Bursa Malaysia Securities Berhad on 2 July 2025. Pursuant to its IPO, the Company raised gross proceeds of RM21.82 million.

Please refer to the attachment for details of the announcement.

This announcement is dated 30 June 2026.