New Wave answers shareholder questions ahead of July 30 AGM

• New Wave addressed shareholder questions ahead of its July 30, 2026 AGM, citing four straight years of losses.
• Long-term strategy centers on operational improvements in a low-margin aluminium distribution market, leveraging a lower cost base in Malaysia.
• Turnaround steps include closing the Singapore warehouse, shifting Singapore customers to Johor Bahru, cutting administrative costs, lifting sales, raising efficiency.
• Board remains open to diversification, acquisitions, or investments, focused on Southeast Asia growth markets or businesses complementary to existing operations.
• Dividend returns deferred until sustainable profitability and a stronger balance sheet; capital priorities favor core business support, prudent cash, selective debt reduction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Wave Holdings Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 0X8C9MVDGD6TX073) on July 24, 2026, and is solely responsible for the information contained therein.