Reference is made to the utilisation of proceeds raised from the Initial Public Offering ("IPO") as disclosed in the Company's Prospectus dated 22 June 2021.

As of the date of this announcement, the Company has yet to fully utilise the IPO proceeds. The Board of Directors of the Company ("the Board") wishes to announce that the Board has resolved to extend the timeframe for the utilisation of proceeds for construction of a new Good Manufacturing Practice-compliant manufacturing plant and purchase of new machinery and equipment.

Please refer to the attachment for the details of the announcement.

This announcement is dated 27 November 2023.