Link: https://links.sgx.com/1.0.0/corporate-announcements/WNCZ289QOSJQ6KHV/7a3f14dab4727a4067a8618278dd7d8762b350d9301f77899e6bfee79472679b

Summary:

• Casa Holdings Limited (CHL), through its wholly-owned subsidiary Casa (S) Pte. Ltd., has successfully acquired the entire interest of Kith Lifestyle Sdn. Bhd.
• This transaction is classified as an Interested Person Transaction (IPT) under SGX Listing Rules, as the sellers include CHL's executive director and CEO, Mr. Lim Soo Kong, and an employee of the Group.
• Completed on May 13, 2025, the acquisition was for a nominal total consideration of MYR100, and due to its low value, it is exempt from independent shareholders' approval.
• The strategic rationale for the acquisition is to establish Kith Lifestyle as the key vehicle for CHL's expansion and development within the Malaysian home appliance market, allowing the Group to swiftly capitalize on new business opportunities.
• The Audit Committee has affirmed that the transaction was conducted on normal commercial terms and is not prejudicial to the interests of the Company and its minority shareholders, with no significant financial impact on the Group.