The Board of Directors of Flexidynamic (“Board”) wishes to announce that the Board has deliberated and resolved to extend the timeframe for the utilisation of proceeds raised from its initial public offering ("IPO") exercise in conjunction with the listing of the Company on the ACE Market of Bursa Malaysia Securities Berhad on 30 March 2021. The Company has raised gross proceeds of RM15.05 million from its IPO ("IPO Proceeds").

Please refer to the attached file for the details of the announcement.