Link: https://links.sgx.com/1.0.0/corporate-announcements/HDXHUAECJQHW1O9P/52e9fb92933576db6cfa4f371d1f8f32236383d31e0fcce083dff1e8a0b7b18d

Summary:

• ISOTeam Ltd. completed the acquisition of the remaining 49% shares in Zara @ ISOTeam Pte. Ltd. for S$1.00, making it a wholly-owned subsidiary.

• The acquisition enables the Group to fully consolidate control of Zara @ ISOTeam, improving operational efficiency and aligning with strategic interests.

• The decision came after the vendor chose to focus on his role as Projects Director under the Group, rather than as a shareholder.

• Zara @ ISOTeam is active in interior design and retrofitting services and shows steady demand in its sector.

• The transaction will have minimal effect on net tangible assets per share and a slight positive impact on EPS (from 0.92 to 0.93 cents).

• The acquisition is deemed a “discloseable transaction” under SGX Catalist rules, with no impact on ISOTeam’s share capital.

• No directors or substantial shareholders, besides their shareholdings, have any direct or indirect interest in the acquisition.

• Shareholders and investors are advised to exercise caution when dealing in the company’s securities.