Summary:

• Resources Global Development Limited has completed its acquisition of all issued and paid-up shares of Draco Investment Holdings Pte. Ltd. from Southeast Earnest Investment Pte. Ltd. on 26 December 2025, following the satisfaction and/or waiver of all conditions precedent under the sale and purchase agreement

• Upon completion, Draco Investment Holdings has become a wholly owned subsidiary of Resources Global Development, consolidating the Target Company fully into the Group’s corporate structure

• The acquisition consideration is structured as a non-interest-bearing, unsecured amount owed by Resources Global Development to the seller, and is repayable solely at the option and discretion of the company, giving the buyer significant flexibility over the timing of cash outflows

• In conjunction with completion, Draco Investment Holdings has issued a promissory note to the seller restating the terms of an existing US$11,020,674 loan (approximately S$14.2 million), now formalised as a non-interest-bearing, unsecured loan repayable solely at the option and discretion of Draco

• The restructuring of both the consideration and the SEI Loan into optional, non-interest-bearing obligations effectively removes immediate financing pressure from the Group while preserving future repayment optionality at both the parent and subsidiary levels

• The announcement is issued by Executive Director and Chief Executive Officer Francis Lee and has been reviewed by the company’s sponsor, ZICO Capital Pte. Ltd., with the Singapore Exchange Securities Trading Limited assuming no responsibility for its contents