Extension Of Time For Utilisation Of Proceeds Raised From The Initial Public Offering

The Board of Directors of Smart Asia Chemical Bhd (“Board”) wishes to announce that the Board intends and has resolved to extend the timeframe for the utilisation of proceeds raised from its initial public offering on the ACE Market of Bursa Malaysia Securities Berhad being completed on 28 May 2024 (“Date of Listing”) (“IPO”). The Company has raised gross proceeds of RM37.40 million from its IPO (“IPO Proceeds”).

Please refer to the attachment for details of the Extension of Time for the utilisation of IPO Proceeds.

This announcement is dated on 13 May 2025.

Please refer attachment below.

Attachments

1. SAC_-_Extension_of_Time_for_UOP.pdf (Size: 146,620 bytes)