Notice of Valuation of Real Assets::VALUATION OF THE GROUP'S PROPERTIES AS AT 31 DECEMBER 2022

Issuer & Securities

Announcement Title: Notice of Valuation of Real Assets
Date &Time of Broadcast: 27-Feb-2023 18:11:36
Status: New
Announcement Sub Title: VALUATION OF THE GROUP'S PROPERTIES AS AT 31 DECEMBER 2022
Announcement Reference: SG230227OTHRVN04
Submitted By (Co./ Ind. Name): Mr. Yet Kum Meng
Designation: Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below): Please refer to the attached file.

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms. Foo Jien Jieng, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, sponsorship@ppcf.com.sg.

Valuation of Reports available for inspection at address during office hours: 6 Shenton Way, #10-10, OUE Downtown 2, Singapore 068809
Reports available till date: 26/05/2023
Additional Information: This value of the property "Wuxi New Districts Phoenix Hospital" consists of the aggregate value of 1) Land allocated to lease prepayment: RMB
20,000,000; and 2) Investment properties under development: RMB 69,000,000.

Total size =517K

Date of Valuation	Name of the Valuer	Description of Property	Valuation Currency	Valuation Amount
31/12/2022	Savills Real Estate Valuation (Guangzhou) Ltd	Wuxi New Districts Phoenix Hospital	Yuan Renminbi	89,000,000
31/12/2022	Raine & Horne International Zaki + Partners Sdn Bhd	Mixed Commercial Development Land at Kuala Lumpur, Malaysia	Malaysian Ringgit	128,000,000