The Board of Directors (the "Board" or "Directors") of Advancer Global Limited (Catalist:43Q) (the "Company" and together with its subsidiaries and associated companies, collectively the "Group") announced that the Company is exploring a spin-off of its subsidiaries, Advancer IFM Pte. Ltd. ("AIFM") and Advancer Smart Technology Pte. Ltd. ("AST" collectively with AIFM, the "Spin-off Entities") on Nasdaq (the "Proposed Spin-off" and "Proposed Listing").

AIFM is currently 100% held by the Company through Advancer Global Security Pte. Ltd. ("AGS") while AST is currently 85% held by Advancer Global Facility Pte. Ltd. ("AGF").

In connection with the Proposed Spin-off and the Proposed Listing, the Board is proposing to undertake a restructuring exercise of the Group ("Proposed Restructuring"). The Proposed Restructuring is envisioned to encompass the following steps: (a) the incorporation of a holding company for the Spin-off Entities, which will be 100% owned by the Company ("Spin-off Holdco" and collectively with the Spin-off Entities, the "Spin-off Group"); (b) the transfer of the businesses and contracts under the following cleaning and stewarding entities to AIFM: (i) Master Clean Facility Services Pte. Ltd. ("Master Clean"); (ii) First Stewards Private Limited ("First Stewards"); (iii) World Clean Facility Services Pte.

Ltd. ("World Clean"); (iv) Country Cousins Pte. Ltd. ("Country Cousins"); (v) Premier Eco-Care Pte. Ltd. ("Premier") and its wholly-owned subsidiary, Prestige International Management Pte.

Ltd. ("Prestige"); and (c) the transfer of 100% of AIFM from AGS to the Spin-off Holdco and 85% of AST from AGF to the Spin-off Holdco.