Placements::ANNOUNCEMENT 1 OF 5 IN RELATION TO OMNIBUS ANNOUNCEMENT

Issuer & Securities

Announcement Title: Placements
Date &Time of Broadcast: 06-Jun-2024 05:53:19
Status: New
Announcement Sub Title: ANNOUNCEMENT 1 OF 5 IN RELATION TO OMNIBUS ANNOUNCEMENT
Announcement Reference: SG240606OTHRRTL2
Submitted By (Co./ Ind. Name): Ng Joo Khin
Designation: Company Secretary
Description (Please provide a detailed description of the event in the box below): ANNOUNCEMENT 1/5

PROPOSED SUBSCRIPTION OF 6,226,666,666 NEW ORDINARY SHARES IN THE CAPITAL OF JASPER INVESTMENTS LIMITED (THE PLACEMENT SHARES) AT THE ISSUE PRICE OF S$0.0015 FOR EACH PLACEMENT SHARE, TAGGED WITH 3,113,333,334 NEW WARRANTS (THE WARRANTS) CONVERTIBLE INTO 3,113,333,334 NEW ORDINARY SHARES IN THE CAPITAL OF JASPER INVESTMENTS LIMITED (THE WARRANT SHARES) AT THE EXERCISE PRICE OF S$0.003 FOR EACH WARRANT SHARE TO RAISE GROSS PROCEEDS OF S$9,340,000 FROM THE ISSUE OF THE PLACEMENT SHARES AND THE WARRANT SHARES

Please refer to the attached for details.

Total Offer Price converted from SGD to USD based on the exchange rate of 1.3463, as per the exchange rate by the Monetary Authority of Singapore as at 5 June 2024.

Total size =690K