BETAMEK CONCLUDES 2024 AGM WITH APPROVAL OF ALL RESOLUTIONS FROM SHAREHOLDERS

Shareholders Approve Final Single-Tier Dividend and Re-election of Directors

KUALA LUMPUR, 27 AUGUST 2024 – Betamek Berhad ("Betamek" or the "Company"), an Original Design Manufacturer ("ODM") and a leading player in electronics manufacturing services ("EMS”) for the automotive industry, is pleased to announce that all six (6) resolutions tabled at the Company’s third Annual General Meeting ("AGM") today have been successfully passed by the shareholders.

During the AGM, Betamek’s shareholders received the Annual Report for the financial year ended 31 March 2024 ("FY2024"), marking another year of solid performance for the Company. The meeting also saw the approval of a final single-tier dividend of 1.0 sen per share, which underscores the Company’s commitment to delivering value to its shareholders. Other resolutions passed during the AGM included the approval of directors' fees and benefits, re-election of retiring Directors and the reappointment of auditors.

Encik Muhammad Fauzi Bin Abd Ghani, Executive Director of Betamek expressed his gratitude to the shareholders for their unwavering support, stating, "We are delighted with the outcomes of today’s AGM. The unanimous approval of all resolutions is a testament to the trust and confidence our shareholders have in Betamek’s leadership and strategic direction. As we move forward, we remain committed to delivering sustainable growth and creating long-term value for our stakeholders."

The AGM’s successful conclusion marks a positive step for Betamek as it continues to strengthen its position in the automotive electronics industry, guided by a clear strategy and strong governance.

As at 5:00 P.M. 27 August 2024, the share price of Betamek Berhad closed 0.425 sen, representing a market capitalisation of RM191.3 million.