MetaOptics Approves Share Repurchase Authorization to Enhance Capital Management Flexibility and Advance Commercial Delivery and Next-Generation Metal Lens Milestones

Singapore, October 28th / PRNewswire / -- MetaOptics Ltd ( Catalist : 9MT) (hereinafter referred to as “MetaOptics” or “the Company”), together with its subsidiaries, is known as the “Group”). The Company announced today that at the special general meeting of shareholders held on October 28, 2026, shareholders provided strong support for matters including the adoption of a share repurchase authorization.

This share repurchase authorization enables the board of directors to purchase or acquire company shares more flexibly when it deems appropriate and in the best interests of the company and its shareholders. The board believes that this authorization is an important tool for capital management, which can provide the company with additional flexibility to:

• Enhance shareholder value over time;
• Optimize the company's capital structure;
• Improve return on equity and other key financial indicators where appropriate; as well as
• Seize the opportunity to repurchase company shares when market conditions are favorable.

As the group continues to make progress in business execution and technological development, the timing for adopting this authorization is also quite appropriate:

(1) The group will still fulfill its existing Direct Laser Writer (“DLW”) platform purchase orders as planned, with deliveries expected to be completed by the end of 2026, which is anticipated to have a positive impact on revenue for the fiscal year ending December 31, 2026;

(2) Commercial cooperation continues to advance, and the group has received an order from a major American wafer factory customer for the design/evaluation of co-packaged optical (“CPO”) modules that utilize their metal lens solutions and technology. This order is expected to support ULED and laser-based configurations, further expanding the group's product capabilities in next-generation optical interconnect applications; as well as

(3) The group has also successfully completed the design and manufacturing process verification for 12-megapixel color imaging titanium dioxide (“TiO2”) metal lenses. Currently, the group’s 12-inch wafer production and manufacturing are in progress, with plans to begin testing the world’s first 12-megapixel color imaging TiO2 metal lenses in January 2027.

MetaOptics Executive Chairman Thng Chong Kim stated: "We are encouraged by the progress the company has made in commercialization, technology development, and in engaging with institutional investors, including signing non-disclosure agreements with American clients, completing purchase orders, securing new design/evaluation orders, and making breakthroughs in high-resolution metal lens imaging. These achievements further strengthen our confidence in the long-term potential of MetaOptics and its ability to create sustainable value for shareholders. We will also continue to maintain sufficient capital to execute our growth plans and strategies."

The share repurchase authorization does not require the company to repurchase any shares. Any future repurchases will only be carried out after considering market conditions, the company's financial situation, working capital needs, growth plans, and other relevant factors.

About MetaOptics Ltd

MetaOptics Ltd ( Catalist : 9MT) is an advanced semiconductor optics company that focuses on artificial intelligence-driven image processing enhanced glass-metal lens solutions. The company utilizes advanced optical design and scalable 12-inch DUV lithography processes to support next-generation applications in co-packaged optics, mobile devices, AR / VR, automotive, and other emerging markets. Headquartered in Singapore, the company is committed to providing high-performance optical products that meet the needs of today's most innovative technology brands, with both reliability and scalability meeting the corresponding requirements. For more information, please visit www.metaoptics.sg.

Forward-looking Statements

This press release may contain forward-looking statements that involve known and unknown risks, uncertainties, and other factors, many of which are beyond the company's control. Various factors could lead to significant differences between actual results and those contained in any forward-looking statements, including but not limited to the company's growth strategy, future business development, operating results and financial condition, research and development efforts, the ability to attract and retain customers, and the ability to establish and maintain relationships with suppliers and business partners; as well as assumptions related to or based on any of the aforementioned matters. All information provided in this press release is as of the date of issuance, and the company has no obligation to update any forward-looking statements except as required by applicable laws.

Singapore (Headquarters)

MetaOptics Technologies Pte Ltd, 81 Ayer Rajah Crescent, #01-45, Singapore 139967

United States

MetaOptics Inc. ( USA ), 1 Ferry Building, Suite 201, San Francisco, CA 94111