Funding update

SYME, the fintech business which provides an innovative fintech platform (the "Platform") for use by manufacturing and trading companies to access Inventory Monetisation© ("IM") solutions enabling their businesses to generate cashflow, announces the following update in respect of the US$5,150,000 on-demand convertible funding facility signed on 18 March 2025, and amended on 10 June 2025, with Nuburu Inc., a NYSE listed (NYSE American: BURU) high-tech company of which Alessandro Zamboni, a director of the Company, is Executive Chairman ("BURU") (the "Amended On-Demand Facility").

As set out in the announcements dated 11 June 2025 and 2 July 2025, SYME was due to receive the next tranche under the Amended On-Demand Facility of US$1,200,000 on or before 15 July 2025, however as at the date of this announcement this amount has not been received. The amounts received by the Company from BURU under the Amended On-Demand Facility as at the date of this announcement total US$952,000.

The latest communication that the board of directors of SYME has had with BURU, via Alessandro Zamboni, is that while BURU has made positive progress towards obtaining the necessary shareholder and regulatory approvals, it recently experienced certain delays due to restatements that were required to be made to BURU's previously published financial statements. Following the publication of the restatements and the filing of an updated S-1 registration statement with the US Securities and Exchange Commission, BURU expects the updated S-1 registration statement to become effective, which will allow BURU to commence its use of the Stand-by Purchase Agreement (the "SEPA") signed with YA II PN, LTD. (a fund managed by Yorkville Advisors) on 30 May 2025.

BURU, via Alessandro Zamboni, has indicated that it expects the overdue amount of US$1,200,000 will shortly be provided to the Company. Accordingly, the Company will issue a further update once this has been received, or as otherwise required.

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