This announcement is for information purposes only and does not constitute an offer or an invitation to induce an offer by any person to acquire, purchase or subscribe for any shares or securities in any jurisdiction.
We refer to the Company's announcements dated 2 March 2026, 24 June 2026 and 20 July 2026 ("Announcements").
Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said Announcements.
On behalf of the Board, CGS MY wishes to announce that Mi Material had received a letter dated 25 August 2026 from the SGX-ST ("Letter") confirming that Mi Material is conditionally eligible for the Proposed Listing ("Eligibility-to-List"), subject to compliance with and fulfilment by Mi Material with all the following conditions as set out in the Letter:
compliance with SGX-ST's listing requirements;
compliance with Rules 113(2) and 210(5)(a) of the Mainboard listing rules of SGX-ST ("Listing Manual") which require that:
(a) for two years after listing or such other time frame imposed by SGX-ST, Mi Material must prominently include a statement that the initial listing of Mi Material Shares was sponsored by the Issue Managers ("IM"), Oversea-Chinese Banking Corporation Limited, in all announcements made by it (on Singapore Exchange Network ("SGXNet") or otherwise) and in all information documents issued by it to shareholders; and
(b) as a pre-quotation disclosure requirement, an issuer must release a statement via SGXNet or in the Prospectus, offering memorandum or introductory document identifying for each director, whether the person has prior experience as a director of an issuer listed on SGX-ST or if he has other relevant experience, and if so, provide details of his directorships and other relevant experience. If the director has no prior experience as a director of an issuer listed on SGX-ST and has no other relevant experience, Mi Material must confirm that (i) the person has undertaken training as prescribed by SGX-ST; or (ii) as stated in Practice Note 2.3 of the Listing Manual that such director will attend the Mandatory Training by the end of the first year of Mi Material's listing;
pre-quotation disclosure of information required by SGX-ST (which will be conveyed to Mi Material upon lodgement of the Prospectus);
submission of the following documents:
(a) a written confirmation from Mi Material that Rules 735 and 736 of the Listing Manual have been complied with;
(b) a written undertaking from Mi Material that it will comply with Rules 704(30) and 1207(20) of the Listing Manual in relation to the use of the proceeds from the Proposed Listing and where proceeds are to be used for working capital purposes, Mi Material will disclose a breakdown with specific details on the use of proceeds for working capital in Mi Material's announcements on use of proceeds and in the annual report;
(c) a written undertaking from each of Mi Material's directors and executive officers in the form set out in Appendix 7.7 of the Listing Manual and an undertaking from Mi Material to procure the same written undertaking from any new director appointed to Mi Material's Board or new executive officer appointed after Mi Material's listing;
(d) a written undertaking from Mi Material that in the event of a cessation of service of any chief executive officer, chief financial officer, chief operating officer, general manager or, qualified person or other executive officer of equivalent authority, as disclosed in the Prospectus within 1 year of the listing of Mi Material, it will comply with Rule 704(7)(a) of the Listing Manual to announce such cessation of service notwithstanding that such persons may no longer hold such roles at the time of the cessation of service;
(e) a written undertaking from Mi Material that (i) it will seek Mi Material Board approval on the policy for entering into any hedging transactions; (ii) it will put in place adequate procedures which must be reviewed and approved by the Audit and Risk Committee ("ARC"); and (iii) the ARC will monitor the implementation of the policy, including reviewing the instruments, processes and practices in accordance with the policy approved by Mi Material Board;
(f) a written confirmation from IM that the signed moratorium agreements with the relevant parties pursuant to Rule 227 of the Listing Manual are in accordance with the requirements of Rules 228 and 229 of the Listing Manual;
(g) a written confirmation from IM that Rules 232, 233, 233A, 234 and 240 of the Listing Manual have been complied with, where applicable;
(h) a written confirmation from IM that Rules 246(4) and 246(12) of the Listing Manual has been complied with; and
(i) documents stipulated in Rule 248 (before the date of issue of the Prospectus), Rule 249 (by the date of allotment of the shares) and 250 (by 4:30 pm on the market day before trading commences) of the Listing Manual.
The Board has been informed by Mi Material that the Eligibility-to-List is valid for three (3) calendar months from the date of the Letter and is subject to any changes to SGX-ST's policies and/or listing requirements. Further, SGX-ST reserved the right to impose further terms and conditions or withdraw or amend the Eligibility-to-List at any time, in its sole and absolute discretion, without giving any reasons for its decision.
The Eligibility-to-List is not to be taken as an indication of the merits of the Proposed Listing, Mi Material or its subsidiaries, or Mi Material Shares.
The Proposed Listing is subject to amongst others, the prevailing market conditions as well as Mi Material's compliance with and fulfilment of all the Eligibility-to-List conditions as set out above. Accordingly, shareholders of the Company and investors should note that there is no assurance that the Proposed Listing will occur or that if the Proposed Listing materialises, the form and details of the Proposed Listing will be the same as has been announced by the Company.
The Board may, notwithstanding that all requisite regulatory approvals have been obtained or will be obtained in due course, decide not to proceed with the Proposed Listing if, having regard to investors' interests and responses at any material time and taking into consideration any other relevant factors, the Board deems it not in the interests of the shareholders of the Company to proceed with the same.
Shareholders of the Company and investors should therefore exercise caution when dealing with the securities of the Company. Shareholders of the Company and potential investors are advised to seek appropriate professional advice when dealing in the shares and securities of MiTB, and to refrain from taking any action in respect of their investments which may be prejudicial to their interests.
MiTB will announce, as and when appropriate, any material developments in respect of the Proposed Listing.
This announcement is dated 26 August 2026.