Interested Person Transaction::Entry into Shareholder Loan Agreement by the Company as an Interested Person Transaction

Issuer & Securities

Announcement Title: Interested Person Transaction
Date &Time of Broadcast: 03-Apr-2023 17:26:17
Status: New
Announcement Sub Title: Entry into Shareholder Loan Agreement by the Company as an Interested Person Transaction
Announcement Reference: SG230403OTHRQGIW
Submitted By (Co./ Ind. Name): Leow Soon Hoe
Designation: Acting Group Chief Executive Officer cum Group Financial Controller
Description (Please provide a detailed description of the event in the box below): Please refer to the attachment.

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Ms Foo Jien Jieng, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

Interested Person Details: The Lender, Phileo Capital Limited ("Phileo Capital") is a company incorporated in the Cayman Islands. Phileo Capital is a controlling shareholder of the Company, holding 1,187,672,240 number of ordinary shares representing 38.72% of the issued share capital of the Company as at the date of this announcement. The entire issued share capital of Phileo Captial is held by TMF Trustees Singapore Limited ("TMF Trustees"). Mr Tong Kooi Ong ("Mr Tong") is deemed interested in the shares held by Phileo Capital as Mr Tong is the sole ultimate beneficial owner of Phileo Capital through TMF Trustees, the trustee of a family trust of which Mr Tong is the sole beneficiary.

Accordingly, the Lender, being a controlling shareholder of the Company, is deemed an interested person under the Catalist Rules, and the grant of the Loan to the Company by the Lender is deemed an interested person transaction.

Total size =75K