The Board of Directors of Eonmetall ("Board") wishes to announce that the Company has today received a letter from its major shareholders, Eonmetall Corporation Sdn Bhd and Dato' Goh Cheng Huat ("Dato' Goh") (collectively referred to as the "Non-Entitled Shareholders"), requesting for Eonmetall to undertake a selective capital reduction and repayment exercise pursuant to Section 116 of the Companies Act 2016 ("Act") ("Letter").

The Proposed SCR entails a selective capital reduction and a corresponding capital repayment of a proposed cash amount of RM0.40 per ordinary share in Eonmetall held by all the shareholders of Eonmetall (other than the Non-Entitled Shareholders), whose names appear in the Record of Depositors of Eonmetall as at the close of business on an entitlement date to be determined and announced later by the Board.

The Board, save for Dato' Goh, Datin Tan Pak Say, Goh Hong Kent and Goh Kee Seng who are deemed interested in the Proposed SCR, will deliberate on the Proposed SCR and decide on the next course of action. Accordingly, a further announcement will be made in due course after the Board's deliberation.

Please refer to the Letter attached for further details on the Proposed SCR.

This announcement is dated 22 May 2026.