Financial Highlights

The Board of Directors of Masteel wishes to announce that the Company proposes to obtain shareholders’ approval for the proposed amendments to the existing Constitution of the Company (“Proposed Amendments”) at the forthcoming Extraordinary General Meeting to be convened on a date to be announced later.

The purpose of the Proposed Amendments is to enhance administrative efficiency and provide clarity to the Company’s Constitution.

A circular to the shareholders containing details in relation to the Proposed Amendments will be circulated to shareholders in due course.

This announcement is dated 18 January 2021.