Reference is made to the announcements dated 17 October 2022 and 9 July 2025 in relation to the Sukuk Wakalah Programme.

Zetrix AI wishes to announce that, following the forced selling of shares by banks, the shareholding of Mr. Wong Thean Soon ("Mr. TS Wong") has been substantially reduced. As at 15 October 2026, being the date on which the Company received the notice, Mr. TS Wong's combined direct and indirect shareholding in the Company stood at 1.895%, resulting in him ceasing to be the single largest shareholder of the Company.

Consequently, the Company is therefore considered to be in potential breach of covenant under the Sukuk Wakalah Programme which requires Mr. TS Wong to remain, directly or indirectly, the single largest shareholder of the Company.

Pursuant to the terms of the Sukuk Wakalah Programme, the Company is required to remedy the aforesaid breach within seven (7) days after becoming aware of the failure. Accordingly, the Company is required to remedy the aforesaid breach by 22 October 2026. Should the Company fail to remedy the breach of above by 22 October 2026, the consent and instructions or direction of the Sukukholders will be sought via an Extraordinary Resolution of Sukukholders.

The Company is currently in discussions with the Sukuk Trustee in relation to the aforesaid matter and will make further announcements on any material developments, as and when appropriate.

This announcement is dated 16 October 2026.