Insider Trades

Remarks
Please refer to Note A below under Remarks. Immediately after the transaction

No. of ordinary voting shares/units held: 554200 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.14000000 (Direct Interest); 0.00000000 (Deemed Interest)

Note A Please refer to the Company's previous announcements dated 8 January 2022, 23 February 2022, 3 March 2022, 6 May 2022, the notice of EGM and the circular to shareholders dated 9 May 2022 and the EGM results announcement dated 31 May 2022 in relation to the subscription agreements entered into with certain subscribers for the issue and allotment by the Company to such subscribers in aggregate of 70,000,000 new ordinary shares ("Shares") in the capital of the Company. On 7 June 2022, an aggregate of 35,000,000 Shares (the "Tranche B Placement Shares") were issued and alloted to iFactors SP, Mr. Zhai Kebin, the executive chairman and chief executive officer of the Company and Sino-Africa Mining International Limited at an issue price of S$0.043 per Tranche B Placement Share.

Remarks
Acquisition of Securities via a placement

Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): S$376,250

Immediately after the transaction

No. of ordinary voting shares/units held: 8750000 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 2.14000000 (Direct Interest); 0.00000000 (Deemed Interest)

Please refer to the Company's previous announcements dated 8 January 2022, 23 February 2022, 3 March 2022, 6 May 2022, the notice of EGM and the circular to shareholders dated 9 May 2022 and the EGM results announcement dated 31 May 2022 in relation to the subscription agreements entered into with certain subscribers for the issue and allotment by the Company to such subscribers in aggregate of 70,000,000 new ordinary shares ("Shares") in the capital of the Company.

On 7 June 2022, an aggregate of 35,000,000 Shares (the "Tranche B Placement Shares") were issued and alloted to iFactors SP, Mr. Zhai Kebin, the executive chairman and chief executive officer of the Company and Sino-Africa Mining International Limited at an issue price of S$0.043 per Tranche B Placement Share.

Remarks
Please refer to Note A below under Remarks. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 25677000 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 6.29000000 (Deemed Interest)

The 179,680,000 Shares of China Focus International Limited ("China Focus") are registered in the name of Maybank Kim Eng Securities Pte Ltd, out of which, 25,677,000 Shares are held for China Focus as nominee of Profit Run Developments Limited. Note A Please refer to the Company's previous announcements dated 8 January 2022, 23 February 2022, 3 March 2022, 6 May 2022, the notice of EGM and the circular to shareholders dated 9 May 2022 and the EGM results announcement dated 31 May 2022 in relation to the subscription agreements entered into with certain subscribers for the issue and allotment by the Company to such subscribers in aggregate of 70,000,000 new ordinary shares ("Shares") in the capital of the Company. On 7 June 2022, an aggregate of 35,000,000 Shares (the "Tranche B Placement Shares") were issued and alloted to iFactors SP, Mr. Zhai Kebin, the executive chairman and chief executive officer of the Company and Sino-Africa Mining International Limited at an issue price of S$0.043 per Tranche B Placement Share.

Remarks
Please refer to Note A below under Remarks. Immediately after the transaction

No. of ordinary voting shares/units held: 179680000 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 44.04000000 (Direct Interest); 0.00000000 (Deemed Interest)

Note A Please refer to the Company's previous announcements dated 8 January 2022, 23 February 2022, 3 March 2022, 6 May 2022, the notice of EGM and the circular to shareholders dated 9 May 2022 and the EGM results announcement dated 31 May 2022 in relation to the subscription agreements entered into with certain subscribers for the issue and allotment by the Company to such subscribers in aggregate of 70,000,000 new ordinary shares ("Shares") in the capital of the Company. On 7 June 2022, an aggregate of 35,000,000 Shares (the "Tranche B Placement Shares") were issued and alloted to iFactors SP, Mr. Zhai Kebin, the executive chairman and chief executive officer of the Company and Sino-Africa Mining International Limited at an issue price of S$0.043 per Tranche B Placement Share.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 14560000 (Direct Interest); 215165000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 3.57000000 (Direct Interest); 52.74000000 (Deemed Interest)

Mdm. Feng Li is the spouse of Mr. Guo Yinghui and is deemed to be interested in: (a) the 17,985,000 Shares held by Mr. Guo Yinghui; (b) the 179,680,000 Shares registered in the name of Maybank Kim Eng Securities Pte Ltd held for China Focus International Limited ("China Focus") (for itself and as nominee of Profit Run Developments Limited ("Profit Run")); and (c) the 17,500,000 Tranche B Placement Shares held by iFactors SPC - Asymmetric Opportunities SP ("iFactors SP"), each representing 4.41%, 44.04% and 4.29% respectively of the enlarged issued and paid-up share capital of the Company of 407,988,500 Shares (excluding treasury shares and subsidiary holdings) after the completion of issue and allotment of the Tranche B Placement Shares (as defined under Note A below under remarks).

iFactors SP is a segregated portfolio within iFactors SPC ("iFactors"), a segregated portfolio company incorporated in the Cayman Islands. iFactors is wholly-owned by CLC Group Limited, which is in turn wholly-owned by Mr. Guo Yinghui. The directors of iFactors are Mr. Guo Liang, who is the son of Mr. Guo Yinghui, and Ms. Li Ye, who is a personal friend of Mr. Guo Yinghui. iFactors is managed by CLC Asset Management Limited, a company incorporated in Hong Kong which is also wholly owned by CLC Group Limited.

The 179,680,000 Shares of China Focus are registered in the name of Maybank Kim Eng Securities Pte Ltd, out of which, 25,677,000 Shares are held for China Focus as nominee of Profit Run. China Focus is an investment company incorporated in the British Virgin Islands on 25 November 2004, with Mr. Guo Yinghui and Mr. Guo Liang as its directors. As Mr. Guo Yinghui wholly owns China Focus and Profit Run is wholly-owned by a British national in trust for the benefit of Mr. Guo Yinghui, he and Mdm. Feng Li are therefore deemed to be interested in the 179,680,000 Shares registered in the name of Maybank Kim Eng Securities Pte Ltd held for China Focus (for itself and as nominee of Profit Run), representing 44.04% of the enlarged issued and paid-up share capital of the Company of 407,988,500 Shares (excluding treasury shares and subsidiary holdings) after the completion of the issue and allotment of the Tranche B Placement Shares.

Please refer to the Company's previous announcements dated 8 January 2022, 23 February 2022, 3 March 2022, 6 May 2022, the notice of EGM and the circular to shareholders dated 9 May 2022 and the EGM results announcement dated 31 May 2022 in relation to the subscription agreements entered into with certain subscribers for the issue and allotment by the Company to such subscribers in aggregate of 70,000,000 new ordinary shares ("Shares") in the capital of the Company.

On 7 June 2022, an aggregate of 35,000,000 Shares (the "Tranche B Placement Shares") were issued and alloted to iFactors SP, Mr. Zhai Kebin, the executive chairman and chief executive officer of the Company and Sino-Africa Mining International Limited at an issue price of S$0.043 per Tranche B Placement Share.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 17985000 (Direct Interest); 211740000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 4.41000000 (Direct Interest); 51.90000000 (Deemed Interest)

Mr. Guo Yinghui is the spouse of Mdm. Feng Li and is deemed to be interested in: (a) the 14,560,000 Shares registered in the name of KGI Fraser Securities Pte Ltd held for Mdm. Feng Li; (b) the 179,680,000 Shares registered in the name of Maybank Kim Eng Securities Pte Ltd held for China Focus International Limited ("China Focus") (held for itself and as nominee of Profit Run Developments Limited ("Profit Run")); and (c) the 17,500,000 Tranche B Placement Shares held by iFactors SPC - Asymmetric Opportunities SP ("iFactors SP"), each representing 3.57%, 44.04% and 4.29% respectively of the enlarged issued and paid-up share capital of the Company of 407,988,500 Shares (excluding treasury shares and subsidiary holdings) after the completion of the issue and allotment of the Tranche B Placement Shares (as defined under Note A below under remarks).

iFactors SP is a segregated portfolio within iFactors SPC ("iFactors"), a segregated portfolio company incorporated in the Cayman Islands. iFactors is wholly-owned by CLC Group Limited, which is in turn wholly-owned by Mr. Guo Yinghui. The directors of iFactors are Mr. Guo Liang, who is the son of Mr. Guo Yinghui, and Ms. Li Ye, who is a personal friend of Mr. Guo Yinghui. iFactors is managed by CLC Asset Management Limited, a company incorporated in Hong Kong which is also wholly owned by CLC Group Limited.

The 179,680,000 Shares of China Focus are registered in the name of Maybank Kim Eng Securities Pte Ltd, out of which, 25,677,000 Shares are held for China Focus as nominee of Profit Run. China Focus is an investment company incorporated in the British Virgin Islands on 25 November 2004, with Mr. Guo Yinghui and Mr. Guo Liang as its directors. As Mr. Guo Yinghui wholly owns China Focus and Profit Run is wholly-owned by a British national in trust for the benefit of Mr. Guo Yinghui, he and Mdm. Feng Li are therefore deemed to be interested in the 179,680,000 Shares registered in the name of Maybank Kim Eng Securities Pte Ltd held for China Focus (for itself and as nominee of Profit Run), representing 44.04% of the enlarged issued and paid-up share capital of the Company of 407,988,500 Shares (excluding treasury shares and subsidiary holdings) after the completion of the issue and allotment of the Tranche B Placement Shares.

Please refer to the Company's previous announcements dated 8 January 2022, 23 February 2022, 3 March 2022, 6 May 2022, the notice of EGM and the circular to shareholders dated 9 May 2022 and the EGM results announcement dated 31 May 2022 in relation to the subscription agreements entered into with certain subscribers for the issue and allotment by the Company to such subscribers in aggregate of 70,000,000 new ordinary shares ("Shares") in the capital of the Company.

On 7 June 2022, an aggregate of 35,000,000 Shares (the "Tranche B Placement Shares") were issued and alloted to iFactors SP, Mr. Zhai Kebin, the executive chairman and chief executive officer of the Company and Sino-Africa Mining International Limited at an issue price of S$0.043 per Tranche B Placement Share.

Remarks
Please refer to Note A below under Remarks. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 25677000 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 6.88000000 (Deemed Interest)

25,677,000 shares are registered in the name of Maybank Kim Eng Securities Pte Ltd held by China Focus International Limited as nominee of Profit Run Developments Limited. Note A Please refer to the Issuer's previous announcements dated 8 January 2022 and 23 February 2022 in relation to the subscription agreements entered into with certain subscribers for the issue and allotment by the Company to such subscribers in aggregate of 70,000,000 new ordinary shares ("Shares") in the capital of the Company. On 3 March 2022, an aggregate of 35,000,000 placement shares (the "Tranche A Placement Shares") to Whitewood Property Corp, Ms. Hu Xiaoning (???) and Mr. Zhou Tao (??) ) (collectively, the "Tranche A Subscribers") at an issue price of S$0.042 per Tranche A Placement Share had been issued and allotted to the Tranche A Subscribers.

Remarks
Please refer to Note A below under Remarks. Immediately after the transaction

No. of ordinary voting shares/units held: 18250000 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 4.89000000 (Direct Interest); 0.00000000 (Deemed Interest)

Note A Please refer to the Issuer's previous announcements dated 8 January 2022 and 23 February 2022 in relation to the subscription agreements entered into with certain subscribers for the issue and allotment by the Company to such subscribers in aggregate of 70,000,000 new ordinary shares ("Shares") in the capital of the Company. On 3 March 2022, an aggregate of 35,000,000 placement shares (the "Tranche A Placement Shares") to Whitewood Property Corp, Ms. Hu Xiaoning (???) and Mr. Zhou Tao (??) ) (collectively, the "Tranche A Subscribers") at an issue price of S$0.042 per Tranche A Placement Share had been issued and allotted to the Tranche A Subscribers.

Remarks
Please refer to Note A below under Remarks. Immediately after the transaction

No. of ordinary voting shares/units held: 554200 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.15000000 (Direct Interest); 0.00000000 (Deemed Interest)

Note A Please refer to the Issuer's previous announcements dated 8 January 2022 and 23 February 2022 in relation to the subscription agreements entered into with certain subscribers for the issue and allotment by the Company to such subscribers in aggregate of 70,000,000 new ordinary shares ("Shares") in the capital of the Company. On 3 March 2022, an aggregate of 35,000,000 placement shares (the "Tranche A Placement Shares") to Whitewood Property Corp, Ms. Hu Xiaoning (???) and Mr. Zhou Tao (??) ) (collectively, the "Tranche A Subscribers") at an issue price of S$0.042 per Tranche A Placement Share had been issued and allotted to the Tranche A Subscribers.

Remarks
Please refer to Note A below under Remarks. Immediately after the transaction

No. of ordinary voting shares/units held: 179680000 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 48.17000000 (Direct Interest); 0.00000000 (Deemed Interest)

Note A Please refer to the Issuer's previous announcements dated 8 January 2022 and 23 February 2022 in relation to the subscription agreements entered into with certain subscribers for the issue and allotment by the Company to such subscribers in aggregate of 70,000,000 new ordinary shares ("Shares") in the capital of the Company. On 3 March 2022, an aggregate of 35,000,000 placement shares (the "Tranche A Placement Shares") to Whitewood Property Corp, Ms. Hu Xiaoning (???) and Mr. Zhou Tao (??) ) (collectively, the "Tranche A Subscribers") at an issue price of S$0.042 per Tranche A Placement Share had been issued and allotted to the Tranche A Subscribers.

Remarks
Please refer to Note A below under Remarks. Immediately after the transaction

No. of ordinary voting shares/units held: 14560000 (Direct Interest); 197665000 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 3.90000000 (Direct Interest); 53.00000000 (Deemed Interest)

Mdm Feng Li is the spouse of Mr Guo Yinghui and is deemed to be interested in: (a) the 17,985,000 shares held by Mr. Guo Yinghui; (b) the 17,680,000 shares registered in the name of Maybank Kim Eng Securities Pte Ltd held for China Focus International Limited ("China Focus"); and (c) the 162,000,000 shares held by China Focus (for itself and as nominee of Profit Run Developments Limited ("Profit Run")), each representing 4.82%, 4.74% and 43.43% respectively of the enlarged issued and paid-up share capital of the Company of 372,988,500 Shares (excluding treasury shares and subsidiary holdings) after the completion of Tranche A Placement Shares (as defined under Note A below under remarks). The 17,680,000 shares of China Focus are registered in the name of Maybank Kim Eng Securities Pte Ltd, whereas 162,000,000 shares are held by China Focus (for itself and as nominee of Profit Run). China Focus is an investment company incorporated in the British Virgin Islands, with Mr. Guo Yinghui and Mr. Guo Liang as its directors. As Mr. Guo Yinghui wholly owns China Focus and Profit Run is wholly owned by a British national in trust for the benefit of Mr. Guo Yinghui, he and Mdm. Feng Li are therefore deemed to be interested in the 17,680,000 shares registered in the name of Maybank Kim Eng Securities Pte Ltd held for China Focus and the 162,000,000 shares held by China Focus (for itself and as nominee of Profit Run), representing in aggregate 48.17% of the enlarged issued and paid-up share capital of the Company of 372,988,500 Shares (excluding treasury shares and subsidiary holdings) after the completion of Tranche A Placement Shares. Note A Please refer to the Issuer's previous announcements dated 8 January 2022 and 23 February 2022 in relation to the subscription agreements entered into with certain subscribers for the issue and allotment by the Company to such subscribers in aggregate of 70,000,000 new ordinary shares ("Shares") in the capital of the Company. On 3 March 2022, an aggregate of 35,000,000 placement shares (the "Tranche A Placement Shares") to Whitewood Property Corp, Ms. Hu Xiaoning (???) and Mr. Zhou Tao (??) ) (collectively, the "Tranche A Subscribers") at an issue price of S$0.042 per Tranche A Placement Share had been issued and allotted to the Tranche A Subscribers.

Remarks
Please refer to Note A below under Remarks. Immediately after the transaction

No. of ordinary voting shares/units held: 17985000 (Direct Interest); 194240000 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 4.82000000 (Direct Interest); 52.08000000 (Deemed Interest)

Mr Guo Yinghui is the spouse of Mdm Feng Li and is deemed to be interested in: (a) the 14,560,000 shares registered in the name of KGI Fraser Securities Pte Ltd held for Mdm Feng Li; (b) the 17,680,000 shares registered in the name of Maybank Kim Eng Securities Pte Ltd held for China Focus International Limited ("China Focus"); and (c) the 162,000,000 shares held by China Focus (for itself and as nominee of Profit Run Developments Limited ("Profit Run"), each representing 3.90%, 4.74%, 43.43% respectively of the enlarged issued and paid-up share capital of the Company of 372,988,500 shares (excluding treasury shares and subsidiary holdings) after the completion of Tranche A Placement Shares (as defined under Note A below under remarks). The 17,680,000 shares of China Focus are registered in the name of Maybank Kim Eng Securities Pte Ltd, whereas 162,000,000 shares are held by China Focus (for itself and as nominee of Profit Run). China Focus is an investment company incorporated in the British Virgin Islands, with Mr. Guo Yinghui and Mr. Guo Liang as its directors. As Mr. Guo Yinghui wholly owns China Focus and Profit Run is wholly owned by a British national in trust for the benefit of Mr. Guo Yinghui, he and Mdm. Feng Li are therefore deemed to be interested in the 17,680,000 Shares registered in the name of Maybank Kim Eng Securities Pte Ltd held for China Focus and the 162,000,000 shares held by China Focus (for itself and as nominee of Profit Run), representing in aggregate 48.17% of the enlarged issued and paid-up share capital of the Company of 372,988,500 Shares (excluding treasury shares and subsidiary holdings) after the Completion Tranche A Placement Shares. Note A Please refer to the Issuer's previous announcements dated 8 January 2022 and 23 February 2022 in relation to the subscription agreements entered into with certain subscribers for the issue and allotment by the Company to such subscribers in aggregate of 70,000,000 new ordinary shares ("Shares") in the capital of the Company. On 3 March 2022, an aggregate of 35,000,000 placement shares (the "Tranche A Placement Shares") to Whitewood Property Corp, Ms. Hu Xiaoning (???) and Mr. Zhou Tao (??) ) (collectively, the "Tranche A Subscribers") at an issue price of S$0.042 per Tranche A Placement Share had been issued and allotted to the Tranche A Subscribers.

Remarks
Please refer to Note A below under Remarks.

Immediately after the transaction

No. of ordinary voting shares/units held: (Direct Interest); 25677000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 7.60000000 (Deemed Interest)

After the completion of the Proposed Acquisition, 25,677,000 shares are issued and allotted to China Focus International Limited as nominee of Profit Run Developments Limited.

As announced by the Company on 17 December 2021, the Company completed the acquisition of 100% of the issued and paid-up share capital of Fully Rich International Investment Limited from the vendors, China Focus International Limited and Profit Run Developments Limited, for an aggregate consideration of S$6.966 million (the "Proposed Acquisition"). The consideration was satisfied in the form of the issue and allotment of 162,000,000 shares of which 136,323,000 shares will be issued and allotted to China Focus International Limited and 25,677,000 shares will be issued and allotted to China Focus International Limited as nominee of Profit Run Developments Limited. Please refer to the Company's previous announcements dated 31 March 2021, 21 October 2021, 23 November, 30 November 2021, 2 December 2021 and 17 December 2021 for more information.

The shareholding percentages stated are calculated on the basis of the Company having a total 175,988,500 shares (excluding treasury shares and subsidiary holdings) in issue prior to completion of the Proposed Acquisition and 337,988,500 Shares (excluding treasury shares and subsidiary holdings) in issue after completion of the Proposed Acquisition.

Remarks
Please refer to Note A below under Remarks. Immediately after the transaction

No. of ordinary voting shares/units held: 10530463 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 3.12000000 (Direct Interest); 0.00000000 (Deemed Interest)

Note A: As announced by the Company on 17 December 2021, the Company completed the acquisition of 100% of the issued and paid-up share capital of Fully Rich International Investment Limited from the vendors, China Focus International Limited and Profit Run Developments Limited, for an aggregate consideration of S$6.966 million (the "Proposed Acquisition"). The consideration was satisfied in the form of the issue and allotment of 162,000,000 shares of which 136,323,000 shares will be issued and allotted to China Focus International Limited and 25,677,000 shares will be issued and allotted to China Focus International Limited as nominee of Profit Run Developments Limited. Please refer to the Company's previous announcements dated 31 March 2021, 21 October 2021, 23 November, 30 November 2021, 2 December 2021 and 17 December 2021 for more information. The shareholding percentages stated in Paragraph 9 above are calculated on the basis of the Company having a total 175,988,500 shares (excluding treasury shares and subsidiary holdings) in issue prior to completion of the Proposed Acquisition and 337,988,500 Shares (excluding treasury shares and subsidiary holdings) in issue after completion of the Proposed Acquisition.

Remarks
Please refer to Note A below under Remarks. Immediately after the transaction

No. of ordinary voting shares/units held: 18250000 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 5.40000000 (Direct Interest); 0.00000000 (Deemed Interest)

Note A: As announced by the Company on 17 December 2021, the Company completed the acquisition of 100% of the issued and paid-up share capital of Fully Rich International Investment Limited from the vendors, China Focus International Limited and Profit Run Developments Limited, for an aggregate consideration of S$6.966 million (the "Proposed Acquisition"). The consideration was satisfied in the form of the issue and allotment of 162,000,000 shares of which 136,323,000 shares will be issued and allotted to China Focus International Limited and 25,677,000 shares will be issued and allotted to China Focus International Limited as nominee of Profit Run Developments Limited. Please refer to the Company's previous announcements dated 31 March 2021, 21 October 2021, 23 November, 30 November 2021, 2 December 2021 and 17 December 2021 for more information. The shareholding percentages stated in Paragraph 9 above are calculated on the basis of the Company having a total 175,988,500 shares (excluding treasury shares and subsidiary holdings) in issue prior to completion of the Proposed Acquisition and 337,988,500 Shares (excluding treasury shares and subsidiary holdings) in issue after completion of the Proposed Acquisition.

Remarks
Please refer to Note A below under Remarks. Immediately after the transaction

No. of ordinary voting shares/units held: 554200 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.16000000 (Direct Interest); 0.00000000 (Deemed Interest)

Note A: As announced by the Company on 17 December 2021, the Company completed the acquisition of 100% of the issued and paid-up share capital of Fully Rich International Investment Limited from the vendors, China Focus International Limited and Profit Run Developments Limited, for an aggregate consideration of S$6.966 million (the "Proposed Acquisition"). The consideration was satisfied in the form of the issue and allotment of 162,000,000 shares of which 136,323,000 shares will be issued and allotted to China Focus International Limited and 25,677,000 shares will be issued and allotted to China Focus International Limited as nominee of Profit Run Developments Limited. Please refer to the Company's previous announcements dated 31 March 2021, 21 October 2021, 23 November, 30 November 2021, 2 December 2021 and 17 December 2021 for more information. The shareholding percentages stated in Paragraph 9 above are calculated on the basis of the Company having a total 175,988,500 shares (excluding treasury shares and subsidiary holdings) in issue prior to completion of the Proposed Acquisition and 337,988,500 Shares (excluding treasury shares and subsidiary holdings) in issue after completion of the Proposed Acquisition.

Remarks
Please refer to Note A below under Remarks.

Immediately after the transaction

No. of ordinary voting shares/units held: 179680000 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 53.16000000 (Direct Interest); 0.00000000 (Deemed Interest)

As announced by the Company on 17 December 2021, the Company completed the acquisition of 100% of the issued and paid-up share capital of Fully Rich International Investment Limited from the vendors, China Focus International Limited and Profit Run Developments Limited, for an aggregate consideration of S$6.966 million (the "Proposed Acquisition"). The consideration was satisfied in the form of the issue and allotment of 162,000,000 shares of which 136,323,000 shares will be issued and allotted to China Focus International Limited and 25,677,000 shares will be issued and allotted to China Focus International Limited as nominee of Profit Run Developments Limited. Please refer to the Company's previous announcements dated 31 March 2021, 21 October 2021, 23 November, 30 November 2021, 2 December 2021 and 17 December 2021 for more information.

The shareholding percentages stated are calculated on the basis of the Company having a total 175,988,500 shares (excluding treasury shares and subsidiary holdings) in issue prior to completion of the Proposed Acquisition and 337,988,500 Shares (excluding treasury shares and subsidiary holdings) in issue after completion of the Proposed Acquisition.

Remarks
Please refer to Note A below under Remarks.

Immediately after the transaction

No. of ordinary voting shares/units held: 14560000 (Direct Interest); 197665000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 4.31000000 (Direct Interest); 58.48000000 (Deemed Interest)

A) Prior to the Proposed Acquisition:

Mdm Feng Li is the spouse of Mr Guo Yinghui, Chairman and Executive Director of the Company and is deemed to be interested in: (a) the 17,985,000 Shares held by Mr Guo Yinghui; and (b) the 17,680,000 Shares registered in the name of Maybank Kim Eng Securities Pte Ltd held for China Focus International Limited ("China Focus"), each representing 10.22% and 10.05% of the existing issued and paid-up share capital of the Company of 175,988,500 shares (excluding treasury shares and subsidiary holdings) respectively.

The 17,680,000 shares of China Focus are registered in the name of Maybank Kim Eng Securities Pte Ltd. China Focus incorporated in the British Virgin Islands, with Mr Guo Yinghui and Mr. Guo Liang as its directors. As Mr Guo Yinghui wholly owns China Focus, he and Mdm. Feng Li are therefore deemed to be interested in the 17,680,000 shares registered in the name of Maybank Kim Eng Securities Pte Ltd held for China Focus,representing 10.05% of the existing issued and paid-up share capital of the Company of 175,988,500 shares (excluding treasury shares and subsidiary holdings).

B) After the completion of the Proposed Acquisition:

Mdm Feng Li is the spouse of Mr Guo Yinghui and is deemed to be interested in: (a) the 17,985,000 Shares held by Mr. Guo Yinghui; (b) the 17,680,000 Shares registered in the name of Maybank Kim Eng Securities Pte Ltd held for China Focus; and (c) the 162,000,000 Consideration Shares held by China Focus (for itself and as nominee of Profit Run Developments Limited ("Profit Run")), each representing 5.32%, 5.23% and 47.93% respectively of the enlarged issued and paid-up share capital of the Company of 337,988,500 Shares (excluding treasury shares and subsidiary holdings) after the completion of the Proposed Acquisition .

The 17,680,000 Shares of China Focus are registered in the name of Maybank Kim Eng Securities Pte Ltd, whereas 162,000,000 Consideration Shares are held by China Focus (for itself and as nominee of Profit Run). China Focus is an investment company incorporated in the British Virgin Islands, with Mr. Guo Yinghui and Mr. Guo Liang as its directors. As Mr. Guo Yinghui wholly owns China Focus and Profit Run is wholly owned by a British national in trust for the benefit of Mr. Guo Yinghui, he and Mdm. Feng Li are therefore deemed to be interested in the 17,680,000 Shares registered in the name of Maybank Kim Eng Securities Pte Ltd held for China Focus and the 162,000,000 Consideration Shares held by China Focus (for itself and as nominee of Profit Run), representing in aggregate 53.16% of the enlarged issued and paid-up share capital of the Company of 337,988,500 Shares (excluding treasury shares and subsidiary holdings) after the completion of the Proposed Acquisition.

As announced by the Company on 17 December 2021, the Company completed the acquisition of 100% of the issued and paid-up share capital of Fully Rich International Investment Limited from the vendors, China Focus International Limited and Profit Run Developments Limited, for an aggregate consideration of S$6.966 million (the "Proposed Acquisition"). The consideration was satisfied in the form of the issue and allotment of 162,000,000 shares of which 136,323,000 shares will be issued and allotted to China Focus International Limited and 25,677,000 shares will be issued and allotted to China Focus International Limited as nominee of Profit Run Developments Limited. Please refer to the Company's previous announcements dated 31 March 2021, 21 October 2021, 23 November, 30 November 2021, 2 December 2021 and 17 December 2021 for more information.

Remarks
Please refer to Note A below under Remarks.

Immediately after the transaction

No. of ordinary voting shares/units held: 17985000 (Direct Interest); 194240000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 5.32000000 (Direct Interest); 57.47000000 (Deemed Interest)

A) Prior to the Proposed Acquisition:

Mr Guo Yinghui is the spouse of Mdm Feng Li and is deemed to be interested in: (a) the 14,560,000 shares registered in the name of KGI Fraser Securities Pte Ltd held for Mdm Feng Li; and (b) the 17,680,000 shares registered in the name of Maybank Kim Eng Securities Pte Ltd held for China Focus International Limited ("China Focus"), each representing 8.27% and 10.05% respectively of the existing issued and paid-up share capital of the Company of 175,988,500 shares (excluding treasury shares and subsidiary holdings).

The 17,680,000 shares of China Focus are registered in the name of Maybank Kim Eng Securities Pte Ltd. China Focus incorporated in the British Virgin Islands, with Mr Guo Yinghui and Mr. Guo Liang as its directors. As Mr Guo Yinghui wholly owns China Focus, he and Mdm. Feng Li are therefore deemed to be interested in the 17,680,000 shares registered in the name of Maybank Kim Eng Securities Pte Ltd held for China Focus,representing 10.05% of the existing issued and paid-up share capital of the Company of 175,988,500 shares (excluding treasury shares and subsidiary holdings).

B) After the completion of the Proposed Acquisition:

Mr Guo Yinghui is the spouse of Mdm Feng Li and is deemed to be interested in: (a) the 14,560,000 shares registered in the name of KGI Fraser Securities Pte Ltd held for Mdm Feng Li; (b) the 17,680,000 shares registered in the name of Maybank Kim Eng Securities Pte Ltd held for China Focus; and (c) the 162,000,000 Consideration Shares held by China Focus (for itself and as nominee of Profit Run Developments Limited ("Profit Run")), each representing 4.31%, 5.23%, 47.93% respectively of the enlarged issued and paid-up share capital of the Company of 337,988,500 Shares (excluding treasury shares and subsidiary holdings) after the completion of the Proposed Acquisition.

The 17,680,000 Shares of China Focus are registered in the name of Maybank Kim Eng Securities Pte Ltd, whereas 162,000,000 Consideration Shares are held by China Focus (for itself and as nominee of Profit Run). China Focus is an investment company incorporated in the British Virgin Islands, with Mr. Guo Yinghui and Mr. Guo Liang as its directors. As Mr. Guo Yinghui wholly owns China Focus and Profit Run is wholly owned by a British national in trust for the benefit of Mr. Guo Yinghui, he and Mdm. Feng Li are therefore deemed to be interested in the 17,680,000 Shares registered in the name of Maybank Kim Eng Securities Pte Ltd held for China Focus and the 162,000,000 Consideration Shares held by China Focus (for itself and as nominee of Profit Run), representing in aggregate 53.16% of the enlarged issued and paid-up share capital of the Company of 337,988,500 Shares (excluding treasury shares and subsidiary holdings) after the Completion of the Proposed Acquisition.

Note A:
As announced by the Company on 17 December 2021, the Company completed the acquisition of 100% of the issued and paid-up share capital of Fully Rich International Investment Limited from the vendors, China Focus International Limited and Profit Run Developments Limited, for an aggregate consideration of S$6.966 million (the "Proposed Acquisition"). The consideration was satisfied in the form of the issue and allotment of 162,000,000 shares of which 136,323,000 shares will be issued and allotted to China Focus International Limited and 25,677,000 shares will be issued and allotted to China Focus International Limited as nominee of Profit Run Developments Limited. Please refer to the Company's previous announcements dated 31 March 2021, 21 October 2021, 23 November, 30 November 2021, 2 December 2021 and 17 December 2021 for more information.

Remarks
Sale of shares by Phillips Securities Pte Ltd due to insufficient funds for the maintenance fee.

Immediately after the transaction

No. of ordinary voting shares/units held: 554200 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.31000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via off-market transaction (e.g. married deals) Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$6,739,496 Immediately after the transaction

No. of ordinary voting shares/units held: 10530463 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 7.18000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Disposal of Securities via off-market transaction (e.g. married deals) Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$6,739,496 Immediately after the transaction

No. of ordinary voting shares/units held: 7669537 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 5.23000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): S$15,671 Immediately after the transaction

No. of ordinary voting shares/units held: 730100 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.49800000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): S$540 Immediately after the transaction

No. of ordinary voting shares/units held: 703800 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.48000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): S$152,105 Immediately after the transaction

No. of ordinary voting shares/units held: 702900 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.47900000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): S$66,735 Immediately after the transaction

No. of ordinary voting shares/units held: 554900 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.37800000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): S$68,321.50 Immediately after the transaction

No. of ordinary voting shares/units held: 448900 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.30600000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): S$89,859.35 Immediately after the transaction

No. of ordinary voting shares/units held: 340100 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.23200000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): $36,600 Immediately after the transaction

No. of ordinary voting shares/units held: 193700 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.13200000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): $24,400 Immediately after the transaction

No. of ordinary voting shares/units held: 133700 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.09100000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): $13,999.50 Immediately after the transaction

No. of ordinary voting shares/units held: 93700 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.06400000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): S$31,532 Immediately after the transaction

No. of ordinary voting shares/units held: 71200 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.04900000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): 6,100 Immediately after the transaction

No. of ordinary voting shares/units held: 447000 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.30500000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): 25,742 Immediately after the transaction

No. of ordinary voting shares/units held: 437000 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.29800000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): 24,400 Immediately after the transaction

No. of ordinary voting shares/units held: 394800 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.26900000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): 24,400 Immediately after the transaction

No. of ordinary voting shares/units held: 354800 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.24200000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): 25,775 Immediately after the transaction

No. of ordinary voting shares/units held: 314800 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.21500000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): 13,400 Immediately after the transaction

No. of ordinary voting shares/units held: 272300 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.18600000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): 12,200 Immediately after the transaction

No. of ordinary voting shares/units held: 250300 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.17100000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): 46,491.50 Immediately after the transaction

No. of ordinary voting shares/units held: 230300 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.15700000 (Direct Interest); 0.00000000 (Deemed Interest)