Link: https://links.sgx.com/1.0.0/corporate-announcements/RCXGPTVP7OZOVPBR/202a3165e8ba3dfebdda51bb2a2d842ced9962c074aae863630d4c7404169ed8

Summary:

• Duty Free International Limited (DFIL) finalized the purchase of 100% of United Industries Holdings Sdn. Bhd. on 31 October 2025 after all conditions precedent were met.

• United Industries Holdings and its group are now wholly owned subsidiaries of DFIL; vendor Atlan Holdings Bhd. no longer holds any shareholding interest.

• Completion price paid using net proceeds from earlier share placement exercises, totaling approximately S$20.52 million (RM66.94 million).

• Funds were used for acquisition balance and related professional fees, consistent with prior announcements and intended use of proceeds.

• Board confirms all placement proceeds are now fully utilized with this transaction.