(Unless otherwise stated, all defined terms used in this announcement shall have the same meaning as those defined in the announcements dated 18 June 2025 and 19 June 2025 in relation to the MOU entered between the Company and Yangtze (Jiangsu) Marine Technology Company Limited.)

We refer to the announcements dated 18 June 2025 and 19 June 2025 in relation to the MOU entered between the Company and Yangtze (Jiangsu) Marine Technology Company Limited.

The Board of Directors of MTG wishes to announce that there has been no material development since the previous announcements made. 

This announcement is dated 19 August 2026.