The Board of Directors of AMTEL wishes to inform that the Company intends to seek for shareholders' approval for the proposed renewal of existing shareholders' mandate for recurrent related party transactions of a revenue or trading nature at the forthcoming Twenty-Eighth Annual General Meeting of the Company.

The existing authority for shareholders' mandate obtained on 23 May 2024 for the Company and its subsidiaries to enter into recurrent related party transactions of a revenue or trading nature based on the terms set out in the Circular/Statement to Shareholders dated 29 March 2024, shall in accordance with Bursa Malaysia Securities Berhad Main Market Listing Requirements, lapse at the conclusion of the forthcoming Twenty-Eighth Annual General Meeting of the Company, unless renewal is obtained from the shareholders of the Company at the forthcoming Twenty-Eighth Annual General Meeting of the Company. 

A Circular to Shareholders containing the details of the aforesaid proposal will be issued to the shareholders of the Company in due course.

This announcement is dated 5 March 2025.