Link: https://links.sgx.com/1.0.0/corporate-announcements/856NW4ZHQD8U1MYB/2e11082071a4f444c63845d78f46facde59bfd0a04dcf86817de3e11675b7265

Summary:

• The board announced an option granted for the sale of its leasehold property at 8 Kaki Bukit Avenue 4 to Bright Oasis Pte. Ltd. for S$1.5 million, to be completed within 16 weeks plus 3 days from option exercise.

• The property’s sale price matches its independent valuation by Savills as of March 31, 2025, and will be paid in cash installments (initial deposit, exercise deposit, balance on completion).

• Book value stands at S$1.11 million; completion will yield a net gain of about S$385,000 for the group.

• The transaction is non-disclosable under SGX rules as its financial impact does not exceed 5% of net profit/loss, and is not expected to materially affect earnings per share or net tangible assets for FY2025.

• Sale will provide additional working capital, with proceeds earmarked for group operations.

• No related party interests involved and all documents available for inspection at company office for three months.