Placements::PROPOSED SUBSCRIPTION OF NEW SHARES FOR FURTHER FUND RAISING OF SGD7 MILLION

Issuer & Securities

Announcement Title: Placements
Date &Time of Broadcast: 01-Jun-2025 23:22:11
Status: New
Announcement Sub Title: PROPOSED SUBSCRIPTION OF NEW SHARES FOR FURTHER FUND RAISING OF SGD7 MILLION
Announcement Reference: SG250601OTHRFI3T
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 the proposed subscription of an additional 2,800,000,000 new ordinary shares at the issue price of S$0.0025 per share constituting additional capital funding of S$7,000,000.

Note:

For the purposes of determining the change in share capital of the Company which is recorded in USD, the total subscription price of S$7,000,000 has been converted from SGD to USD based on the exchange rate of S$1.2885 to US$1.00, as published by the Monetary Authority of Singapore as at end of 30 May 2025. The Capital Amount-New as stated below is rounded to the nearest dollar. The Capital Amount-Old includes the increase in share capital resulting from the issue of new shares in connection with the acquisition of a 51% stake in Prosper Excel Engineering Pte. Ltd. by the Company.

Total size =231K