Link: https://links.sgx.com/1.0.0/corporate-announcements/D7SI3678ONDANJOV/733db80fb77b4e3ef602d83f5c488caa33da0602af4d6c98e4344a8a98b6be1e

Summary:

• Transaction Completed: On 2 September 2025, Lion Asiapac completed the sale of all issued shares in Compact Energy Sdn. Bhd. (CESB) to the purchaser, following all prior shareholder circulars and announcements.

• Consideration Paid: Aggregate consideration (Initial plus Adjustment minus Retention Sum) of approximately USD 10.4 million was paid to Lion Asiapac, subject to further post-completion cash, debt, and working capital adjustments.

  • Final portion will be revised after confirming actual completion-date accounts.

  • Payment differences, if any, to be settled within five business days once the Final Completion Accounts are confirmed.

• Retention Sum: Purchaser retains a portion pending completion of certain post-transaction obligations and deliverables:

  • Retention Sum to be released within seven business days from fulfillment of all such obligations, or otherwise retained as liquidated damages if not met by the Long Stop Date.

  • After the Long Stop Date, Lion Asiapac has no further liability for unfulfilled obligations regarding the Retention Sum.

• Result: CESB is no longer a subsidiary of Lion Asiapac Limited as of completion.

Announcement released 2 September 2025.