Link: https://links.sgx.com/1.0.0/corporate-announcements/4XA5NOMA9Y51PZVG/3faa1f2e32ad48adec23a59ea2a84b4e36e72c44a626aae1fa1bab2826b3e519

Summary:

• Food Innovators Japan Co., Ltd., a subsidiary, acquired all shares of One Grip Co., Ltd. for ¥29,997,000 (about S$260,000) on 24 October 2025.

• One Grip specializes in recruitment and staffing for the food & beverage industry in Japan, serves restaurants and tenant customers of the Group.

• Acquisition rationale: Strengthens Group’s talent acquisition for directly owned restaurants and subleased tenants, supporting food retail expansion and operational efficiency.

• The deal was fully funded by internal resources; valuation supported by independent report with price in base case scenario.

• Seller, Mr. Yasuhiro Tamaki, will resign, and a current FIJ director will step in as new representative.

• One Grip’s 2024–2025 revenue was JPY 38.4 million (~S$330,000), net profit before tax was JPY 6 million (~S$52,000), and NTA as of August 2025 was JPY 28.4 million (~S$245,000).

• Two employees will remain for business continuity; transaction constitutes a disclosable transaction per SGX Catalist rules.