Abate As Industries Ltd — Updates, 30-05-2025: Company Update

Abate AS Industries has confirmed no deviation or variation in the use of proceeds from its preferential issue conducted via share swap, as no funds were raised. The Audit Committee reviewed and found no comments on the utilization of funds. This clarity on fund usage supports transparency and assures shareholders that the objectives set during the preferential allotment remain intact with no impact on corporate strategy or resource allocation.