OTHERS INDUSTRONICS BERHAD (“INDUSTRONICS” OR “THE COMPANY”)

In view of the recent fluctuation of ITRONICS share price, it has come to the attention of the Board of ITRONICS that there are unverified rumours circulating in the market in relation to the manufacturing of 5G chips.  The Board of ITRONICS wishes to deny such rumours circulating in the market as the Company has not, at this juncture, entered into any agreements nor in any discussions or negotiations with any parties to manufacture 5G chips.

This announcement is dated 25 February 2021.