Unless otherwise stated, the exchange rate of USD1.00: RM4.0745, being Bank Negara Malaysia's middle rate as at 5.00 p.m. on 2 July 2026, is used throughout this announcement for purpose of translation of USD into RM.

The Company refers to its announcement dated 15 August 2025 in relation to the Proposal ("Announcement"). The definitions used in this announcement, unless stated otherwise, shall have the same meaning(s) as those used in the Announcement.

Pursuant to Paragraph 9.19 (38) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of GENM wishes to announce that Empire had on 2 July 2026 (US Eastern date/time) redeemed in full the nominal value of its USD300.0 million (equivalent to approximately RM1.2 billion) 7.75% Senior Secured Notes due 1 November 2026 ("Empire Notes").

With the redemption of the Empire Notes, parties to the Proposal have agreed that the Proposal will not proceed.

This announcement is dated 3 July 2026.