Placements::Proposed Subscription of Additional New Shares including Additional Investments by Investors

Issuer & Securities

Announcement Title: Placements
Date &Time of Broadcast: 25-Jun-2024 07:59:49
Status: New
Announcement Sub Title: Proposed Subscription of Additional New Shares including Additional Investments by Investors
Announcement Reference: SG240625OTHR5P9D
Submitted By (Co./ Ind. Name): Ng Joo Khin
Designation: Company Secretary
Description (Please provide a detailed description of the event in the box below): Please find attached the Company's announcement in relation to:

(1) Proposed subscription of an additional 7,400,000,002 new ordinary shares at the issue price of $0.0015 per share constituting additional capital funding; and

(2) Proposed upsizing of investments by certain investors in the previous placements announced on 6 June 2024, namely Mezzanine Pte. Ltd, Light Beijing Technology Pte Ltd, Azure All-Star Fund Pte. Ltd., Mr Wong Yew Chian Terence and Mr Koh Chuan Koon.

Please refer to the attached for details. Note: The number of New Shares to be issued and as stated below refers only to the New Shares that are listed at page 3 of the announcement.

Total subscription price converted from SGD to USD based on the exchange rate of 1.3549, as per the exchange rate by the Monetary Authority of Singapore as at 24 June 2024.

Total size =5857K