Link: https://links.sgx.com/1.0.0/corporate-announcements/VK5JTOU6ZD1KCND0/6d149a43f947b273b37ad48426067d4bc2582aa0c36f47d0a065dc609fc8e3cd

Summary:

• Completion of acquisition: Skylink Holdings Limited (formerly Sincap Group) has completed the 100% acquisition of Skylink APAC Pte. Ltd., fully allotting 122,222,222 consideration shares at S$0.225/share to the vendor.

• Settlement shares and professional fees: Additional shares (Mr Chu's, other settlement, SAC Capital) allotted at S$0.225/share as part of settlement of loans and fees.

• Compliance placement and convertible bonds: 15,000,000 new shares placed at S$0.20/share; S$5 million convertible bonds issued (up to 22,222,222 shares at S$0.225 each); minimum public float achieved.

• Board and committee changes: Independent director resigned; four new directors and new executive officers appointed; full reconstitution of board and committees.

• New Auditor: Forvis Mazars LLP appointed as independent auditor.

• Shares to resume trading as “Skylink” from 9:00 a.m. on 17 September 2025 on the Catalist Board.

• Adoption of mandate for interested person transactions; issuance proceeds ~S$6.19 million net of expenses.

• Company will provide updates on use of proceeds and announces full compliance with Catalist Rules.