MULTIPLE PROPOSALS INDUSTRONICS BERHAD (“ITRONIC” OR THE “COMPANY”) (I) PROPOSED ISSUANCE RCPS; AND (II) PROPOSED AMENDMENTS (COLLECTIVELY, THE “PROPOSALS”)

We refer to the announcements in relation to the Proposals dated 13 February 2020 (“Initial Announcement”), 13 March 2020 and 6 April 2020 (“Revision Announcement”). For consistency purposes, the abbreviations used in this announcement are the same as those previously defined in the Initial Announcement unless otherwise defined herein.

Reference is made to the Initial Announcement and Revision Announcement in relation to the Proposals. Subsequent to the signing of the Supplemental Agreement, inlight of market development and conditions, the Subscriber has further requested and the Company has agreed to reduce the fund raising size and consequently the number of RCPS to be issued under the Proposals.

M&A Securities, on behalf of the Board, wishes to announce that the Itronic had on 27 April 2020 entered into a 2nd supplemental agreement with the Subscriber (“Supplemental Agreement 2”) to vary, modify, substitute, alter and amend certain terms and relevant provisions of the Subscription Agreement as amended by the Supplemental Agreement as set out in the attachment below.

This Announcement is dated 27 April 2020