Mr. Seah Wee Han entered into an agreement to acquire Netsis Technology (S) Pte Ltd from Nexion Technologies Limited (SEHK:8420) for $0.25 million on December 21, 2023. The transaction is subject to due diligence on Netsis Technology, compliance with all other applicable laws, rules and regulations including but not limited to the GEM Listing Rules for the transactions contemplated under the Agreement and the Consideration has been fully settled by the buyer in cash. Net Loss of Netsis Technology (S) Pte Ltd for the period January 2023 to November 30, 2023 is $-0.136 million and net asset is $0.214 million. All the conditions have been fulfilled for the acquisition on February 29, 2024.

Mr. Seah Wee Han completed the acquisition of Netsis Technology (S) Pte Ltd from Nexion Technologies Limited (SEHK:8420) for $0.25 million on February 29, 2024.