Link: https://links.sgx.com/1.0.0/corporate-announcements/AHG03KF8RIJGOAB0/da8631b252f5476acfcaab7eb9c2a6cf54d98f064cad648075e1cc71368e1a1f

Summary:

• Bromat Holdings Ltd announced on January 9, 2026 an update regarding the proposed disposal of its subsidiary Dining Haus Pte Ltd, disclosing a significant dispute with the Purchaser over unpaid consideration

• The Company served a statutory demand (SD) on the Purchaser on January 7, 2026 via substituted service after two unsuccessful attempts at physical service, following a prolonged delay in the completion of the proposed disposal transaction

• The outstanding balance due totals S$1,019,534.06, comprising S$1,000,000 in remaining unpaid consideration, S$16,034.06 in accrued interest, and S$3,500 in other charges related to the extended delay

• The Purchaser is required to pay, secure, or compound the outstanding balance to the Company's satisfaction within 21 days of service or alternatively file an application within 14 days to set aside the statutory demand

• The Company has expressly reserved its rights to file a bankruptcy petition against the Purchaser should the statutory demand requirements not be met, indicating an escalation of collection efforts

• The proposed disposal transaction was announced in a series of Company announcements dated April 21, 2025 through October 30, 2025, with a shareholder circular issued on September 15, 2025

• The Company will continue to make material announcements to shareholders regarding further developments and updates concerning the proposed disposal and the statutory demand proceedings

• Shareholders and potential investors are advised to exercise caution when dealing in the Company's securities and to consult professional advisers regarding the ongoing transaction dispute and its potential implications

• The announcement was submitted by Executive Director Tan Keng Tiong and reviewed by the Company's sponsor, SAC Capital Private Limited, on January 9, 2026

• Capitalised terms used in the announcement reference prior Company announcements and the circular relating to the proposed disposal transaction