General Announcement::Application for an Extension of Time to hold Annual General Meeting for the FYE 31 March 2021

MARY CHIA HOLDINGS LIMITED

Company Registration No. 200907634N

(Incorporated in the Republic of Singapore)

(the "Company")

APPLICATION TO THE SINGAPORE EXCHANGE SECURITIES TRADING FOR AN EXTENSION OF TIME TO HOLD ANNUAL GENERAL MEETING FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021

1. INTRODUCTION
   The Board of Directors (the "Board") of Mary Chia Holdings Limited (the "Company" and together with its subsidiaries, the "Group") refers to the Company's announcement dated 24 May 2021 ("24 May 2021 Announcement") in relation to the application made to the Singapore Exchange Securities Trading Limited ("SGX-ST") seeking a 1-month extension of time to announce the Group's unaudited financial statements for the financial year ended 31 March 2021 ("FY2021") ("FY2021 Unaudited Results") from the deadline of 30 May 2021 to 30 June 2021 (the "Extension Application").
   In addition to the Extension Application, the Company has through its sponsor, submitted an application to the SGX-ST to seek a 2-weeks extension of time to hold its annual general meeting ("AGM") by 14 August 2021 from the deadline of 31 July 2021 pursuant to Rule 707(1) of the Catalist Rule ("AGM Extension Application").
2. UPDATES SINCE THE 24 MAY 2021 ANNOUNCEMENT AND BASIS FOR THE AGM EXTENSION APPLICATION
   The finance team in Malaysia has prepared the management accounts for the subsidiaries in Malaysia for the financial year ended 31 March 2021 ("FY2021") and the management accounts is in the midst of review by the Malaysian auditors, HLB Ler Lum ("HLB").
   The Singapore finance team has prepared the Group's consolidated financial statements based on the management accounts submitted by the Malaysia finance team and the consolidated financial statements is being reviewed by the Group's auditors, Foo Kon Tan LLP.
   As the review by HLB and FKT will occur concurrently, the lockdown in Malaysia announced by the Malaysian Government on 28 May 2021 in relation to a 14-day Full Movement Control Order Phase 1 for the period from 1 June 2021 to 14 June 2021 is not expected to delay the completion of the review by HLB and finalisation of the Malaysian subsidiaries' management accounts.
   Notwithstanding, in view of the limited resources in the finance team who will be managing the FY2021 Unaudited Results and the preparation of the annual report, the Group is writing to request a 2-weeks extension for the AGM.
3. FURTHER ANNOUNCEMENTS
   The Company will make further announcements to update its shareholders on the outcome of the extensions in due course.

4. APPLCATION TO THE ACCOUNTING AND CORPORATE REGULATORY AUTHORITY

The Company will formally write in to the Accounting and Corporate Regulatory Authority in due course for the delay in holding the AGM for FY2021.

BY ORDER OF THE BOARD

Wendy Ho

Chief Executive Officer 4 June 2021

____________________________________________________________________________

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Charmian Lim (Tel: [phone]), at 1 Robinson Road, #21- 00 AIA Tower, Singapore 048542.