Asset Acquisitions And Disposals :: Extension Of Completion Date

(Incorporated in the Republic of Singapore)

Company Registration No. 200509967G

THE PROPOSED ACQUISITION OF CERTAIN ASSETS AND BUSINESS OF YUMMY YM PTE. LTD. AND SFB GLOBAL PTE. LTD. - EXTENSION OF COMPLETION DATE

Unless otherwise defined, all terms and references used in the announcement shall bear the same meanings ascribed to them in the Company's announcements dated 18 February 2019 and 20 February 2019 (the "Announcements").

The board of directors (the "Board" or the "Directors") of Natural Cool Holdings Limited (the "Company", and together with its subsidiaries, the "Group") refers to the Announcements in relation to the entry by its newly incorporated subsidiary company, SFB Holdings Pte. Ltd., into the conditional business transfer agreement (the "BTA") with Mr Leong Yew Meng, Yummy YM Pte. Ltd. ("Yummy"), SFB Global Pte. Ltd. ("SFB Global") (Yummy and SFB Global shall collectively be referred to as the "Vendors") (collectively, the "Parties" and each a "Party") to acquire, the Sale Business as a going concern, together with the Assets, from the Vendors, upon the terms and subject to the conditions in the BTA (the "Proposed Acquisition").

As set out in paragraph 3.4 of the Company's announcement dated 18 February 2019, the "Completion Date" of the Proposed Acquisition was stated to be 18 May 2019 or such other date as the Parties may mutually agree, on which all conditions precedent of the BTA are satisfied or waived by the Party entitled to waive such conditions precedent.

The Board wishes to announce that each of the Parties have mutually agreed in writing to extend the Completion Date from 18 May 2019 to 1 July 2019, or such other date as the Parties may further mutually agree.

The Company will make further announcements to keep shareholders informed, as and when there are further material updates and developments in respect of the Proposed Acquisition.

By Order of the Board

Wong Leon Keat

Managing Director

17 May 2019

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About Natural Cool Holdings Limited

Established in 1989 and listed on Catalist (formerly known as SESDAQ) in May 2006, Natural Cool provides installation, maintenance, repair and replacement services for air-conditioning systems to the residential segment, both public and private; and commercial sectors, which includes factories, offices, condominiums, schools and hospitals, in Singapore. In addition, the Group sells air-conditioning components and tools used for the installation and servicing of air-conditioning business.

The Group is also engaged in manufacturing and sale of industrial paints and solvents, principally under the 'Cougar' brand.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with Rule 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST. The SGX-ST assume 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 Tan Pei Woon, Associate Director, Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-email:[e-mail])

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