Link: https://links.sgx.com/1.0.0/corporate-announcements/3N1WO5OK8BWQ75QJ/79d192fb9a9274446dd822e45cd71cf96a92fb640abda03cd16fb48f3ed8fdf3

Summary:

• The Board of Heptamax International Limited decided to terminate the agreement to acquire 40% of Shinmax Products Sdn Bhd after vendors failed to meet key conditions precedent, even after an extension to 18 August 2025.

• The company determined that waiving these conditions would not be in shareholders’ best interests; accordingly, the Sale & Purchase Agreement and Shareholders’ Agreement have both been terminated.

• No consideration was paid to vendors, nor were any consideration shares issued; only S$209,000 in professional fees were incurred.

• Termination is not expected to materially impact net tangible assets or earnings per share for FY2025.

• Heptamax will continue to pursue its business diversification plans, particularly in automation solutions, import/export trading, and sourcing/procurement of systems and hardware.

• Further announcements will be made if there are any material developments in ongoing diversification efforts.

• Shareholders and investors are cautioned to trade carefully and seek advice if uncertain about their actions.