The Board of Directors (“Board”) of Artroniq wishes to announce that Artronic iTech Sdn Bhd (“Artroniq iTech”), its wholly-owned subsidiary had on 7 March 2024 lodged a police report over a viral video involved in alleged fraud linked to a product launch event posted by an individual on the social media platform to protect the interests and reputation of Artroniq Group.

The Board wishes to emphasize that the Company views the viral video as containing baseless allegations, constituting an attempt to tarnish the reputation of the Company. The Board take these matters seriously and are committed to addressing them with the utmost diligence.

 At present, the Board is seeking legal advice on the available courses of action to defend the matter and the Group will offer full cooperation to assist the relevant authorities, as and when needed, to enable them to conduct their investigations.

Further announcement(s) to Bursa Malaysia Securities Berhad on any material development on the above will be made in due course.

This announcement is dated 7 March 2024.