This announcement is made by Gold Peak Industries (Holdings) Limited (the "Company") on a voluntary basis. The board of directors (the "Board") of the Company announced that KEF, the wholly-owned branded acoustics business of GP Industries Limited ("GP Industries") which in turn is an 85.5%-owned subsidiary of the Company listed on the Singapore Exchange Securities Trading Limited, is the first audio company in the world to introduce commercial products using the ground-breaking Metamaterial Absorption Technology ("MAT"). KEF, working closely with Hong Kong-based Acoustic Metamaterials Group ("AMG"), has created a synthetic material that has the super capacity to absorb 99% of unwanted sound radiating from the rear of the driver, reducing distortion and enabling the prevention of audio distraction. The first of many KEF products which employs MAT, LS50 Meta and LS50 Wireless II that were launched recently, received 5-star reviews from What Hi-Fi magazine. GP Industries is confident this new technology will enable KEF to deliver an unrivalled purity of sound that is so natural the listener will feel entirely immersed in their chosen soundscape.