(Cont. news of MALEKSPIN): the implementation of NSL project was shelved, as approved by the shareholders of MSM in its AGM held on 27th December, 2010 due to non-availibility of gas from Titas Gas Tranmission & Distribution Company Ltd. However NSL had to continue to purchase certain contracted strategic lands due to geographical contiguity, location and security positions which would require additional funds for implementation of the project in due course of time. (end)

(Cont. news of MALEKSPIN): MSM shall subscribe to the proposed additional share issues of the above subsidiary from its internal generation of funds. The proposed Capital Restructuring of the subsidiary and liquidation of their loans and payment for additional land and ancilliary investments as the case may be, are expected to result in financial discipline and economic operations of the respective company. It may be mentioned that (cont.3)

(Cont. news of MALEKSPIN): The funds so raised would be utilized for payment for purchase of additional strategic lands, ancilliary investments, other purposes and obligations of NSL. The Board of Directors of NSL has offered the propotionate additional shares of Tk. 238,303,200/- to MSM. The Board of Directors of MSM have approved the proposal of NSL. As a result the shareholding percentage will remain unchanged i.e 99.293%. (cont.2)

The company has informed that the Board of Directors of the Company (MSM) in its meeting held on 24th June, 2026 approved the proposal of the Board of Directors of Newasia Synthetics Limited (NSL) a wholly owned subsidiary of the company to raise the paid up capital from existing Tk. 660,000,000/- to Tk. 900,000,000/- consisting of 9,000,000 ordinary shares of Tk. 100/- each. (cont.1)

The company has informed that the Board of Directors of the Company in its meeting held on May 12, 2026 elected Dr. Shamim Matin Chowdhury a non-executive Director, as new Chairman of the Board of Directors of the Company with effect from May 13, 2026.