MetaOptics Ltd — Share Issue/Capital Change 2026

May 25, 2026

METAOPTICS LTD
(Company Registration No.: 419911)
(Incorporated in the Cayman Islands)

METAOPTICS EMPLOYEE SHARE OPTION SCHEME 2026 AND METAOPTICS PERFORMANCE SHARE PLAN 2026

• RECEIPT OF LISTING AND QUOTATION NOTICE FROM THE SGX-ST

• INTRODUCTION

The Board of Directors (the "Board") of MetaOptics Ltd (the "Company", and together with its subsidiaries, the "Group") refers to (a) the Company's circular to shareholders dated 19 March 2026 ("Circular") in relation to, inter alia, (i) the proposed adoption of the MetaOptics Employee Share Option Scheme 2026 ("MetaOptics ESOS"); (ii) the proposed grant of options under the MetaOptics ESOS at a discount; and (iii) the proposed adoption of the MetaOptics Performance Share Plan 2026 ("MetaOptics PSP"); and (b) the Company's announcement dated 10 April 2026 regarding the results of the Company's extraordinary general meeting held on the same day, whereby the Company's Shareholders approved the resolutions in relation to the aforementioned matters.

Unless otherwise defined, all defined terms used in this announcement shall have the same meaning ascribed thereto in the Circular.

1. LISTING AND QUOTATION NOTICE

The Board is pleased to announce that the Company has, on 22 May 2026, received the listing and quotation notice (the "LQN") from the SGX-ST for the listing and quotation of the new ordinary Shares in the capital of the Company (the "New Shares") to be issued in connection with the MetaOptics ESOS and MetaOptics PSP, subject to compliance with the SGX-ST's listing requirements.

The aggregate number of Shares over which options may be granted under the MetaOptics ESOS on any date, when added to the aggregate number of Shares in respect of all options or awards granted under the MetaOptics ESOS and any other share-based incentive schemes of the Company, shall not exceed fifteen per cent (15%) of the total number of issued share capital of the Company (excluding treasury shares and subsidiary holdings) on the day preceding the date of grant of an option.

The aggregate number of Shares which may be issued or transferred pursuant to awards granted under the MetaOptics PSP on any date, when added to the aggregate number of Shares issued and issuable and/or transferred and transferrable in respect of all awards granted under the MetaOptics PSP and any other share-based incentive schemes of the Company and for the time being in force, shall not exceed fifteen per cent (15%) of the total number of issued share capital of the Company (excluding treasury shares and subsidiary holdings) on the day preceding that date.

The LQN granted by the SGX-ST for the listing and quotation of the New Shares is not to be taken as an indication of the merits of the New Shares, the MetaOptics ESOS, the MetaOptics PSP, the Company and/or its subsidiaries and their securities.

1. FURTHER ANNOUNCEMENTS

The Company shall continue to keep its Shareholders updated and release announcements relating to the MetaOptics ESOS and MetaOptics PSP (including upon the allotment and issue of the New Shares) as may be appropriate from time to time.

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By Order of the Board

Thng Chong Kim
Executive Chairman
25 May 2026

For more information, please contact the Company:
Email: ir@metaoptics.sg

This announcement has been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Goh Mei Xian, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone: (65) 6636 4201.

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