Link: https://links.sgx.com/1.0.0/corporate-announcements/ZG8DPAR4KIS7DXTU/de5dc79892619fd50afaff9aec380ef353d69c8fca5920763411878c2ed7500a

Summary:

• On 17 Nov 2025, Heptamax signed an SPA (sale & purchase agreement) with Processor IT Consultancy LLP (India) to sell its entire 50.1% stake (50,100 shares) in Prisma Technologies Pte. Ltd. for S$5.00 in cash.

• Prisma Technologies had no business operations or revenue since July 2022 and carried a net liability value of S$9,173 for Heptamax’s share; it is classified as a non-core, non-principal asset.

• With sale completion, Prisma Technologies is no longer a subsidiary of Heptamax.

• The disposal aims to streamline the group’s structure, reduce costs related to an inactive business, and align focus with new high-growth ventures approved by shareholders in August 2025. The former JV partner had shifted business direction.

• The sale is not material to group earnings, balance sheet, or shareholder control, and doesn’t impact main operations.

• Purchaser Processor IT Consultancy LLP is an independent Indian IT consulting entity; no related parties or commissions involved.

• The sale is a “Nondiscloseable Transaction” under SGX rules (relative size <5%).

• Share Purchase Agreement available for inspection by request at the company office for three months. Further disclosures will be made if new developments arise.