General Announcement::Sponsor's Statement

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 11-Feb-2020 20:19:34
Status: New
Announcement Sub Title: Sponsor's Statement
Announcement Reference: SG200211OTHR90U5
Submitted By (Co./ Ind. Name): Ranjit Singh
Designation: Group Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below): We refer to the announcement number SG200211OTHRZIQ8 (the "Announcement") released on 11 February 2020 by the Company in relation to the Request for Lifting of Trading Halt.

The Company wishes to append below the statement by the Sponsor (as defined below) for the Announcement as well as this announcement.

This announcement has been prepared by Axcelasia Inc. (the "Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.