We refer to MI's and Maybank Investment Bank Berhad's announcement dated 28 September 2026 and 1 October 2026 respectively pursuant to the distribution of up to 9,000,000 ordinary shares in Mi Material Holding Pte. Ltd. (to be renamed Mi Material Holding Limited) ("Mi Material") ("Distribution Shares") to the entitled shareholders of MI by way of dividend-in-specie, on the basis of 1 Distribution Share for every 100 existing ordinary shares held in MI (excluding treasury shares) as at 5:00 p.m. on 12 October 2026 ("Dividend-in-Specie")

As the adjustment for the Dividend-in-Specie does not amount to more than 2% of the Exercise Price and Entitlement being changed, therefore we will not make any adjustments to the terms and conditions of MI-C51.The Exercise Price and Entitlement of MI-C51 shall remain the same.