The Board of Directors of LGMS ("Board") wishes to announce that the Board has deliberated and resolved to extend the timeframe for an additional 12 months of up to 36 months from the date of listing for the utilisation of the remaining unutilised IPO Proceeds ("Extension of Time") allocated for the business expansion of LGMS and its subsidiaries, which includes the following:-

(i) purchase of office amounting to RM4.54 million;

(ii) expansion of workforce amounting to RM4.47 million; and

(iii) capital expenditure on equipment and tools amounting to RM3.22 million.

Further details of the Extension of Time are set out in the attachment enclosed.

This announcement is dated 30 May 2024.

Please refer attachment below.