General Announcement::MONTHLY VALUATION OF ASSETS AND UTILISATION OF CASH IN ACCORDANCE WITH RULE 1018(1)(b)

SEROJA INVESTMENTS LIMITED

(Company Registration Number: 198300847M)

(Incorporated in the Republic of Singapore)

(the "Company")

MONTHLY VALUATION OF ASSETS AND UTILISATION OF CASH IN ACCORDANCE WITH RULE 1018(1)(b) OF THE LISTING MANUAL OF THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED ("SGX-ST")

The Board of Directors of the Company ("Board") wishes to announce the following updates pursuant to Rule 1018(1)(b) of the Listing Manual of SGX-ST.

1. The Company's assets and liabilities as at 31 July 2021 are as follows:

	S$'000
Cash and bank balances	41,280
Deposits and prepayments	54
Financial assets, at fair value through profit or loss	64
Investments in subsidiary corporations	43
Total assets	41,441
Less:-
Accrued liabilities and other payables	(100)
Net assets	41,341

2. The Company's utilisation of cash in the month of July 2021 is as follows:

	S$'000
Balance as at 30 June 2021	41,800
Professional fees and listing expenses	(65)
Administrative expenses(1)	(469)
Currency translation gain/(loss)	14
Balance as at 31 July 2021	41,280

(1) Administrative expenses include bonus payment of S$450,000 to a director of the Company.

Cash and bank balances as at 31 July 2021 comprise:-
	S$'000
Cash at bank and on hand	155
Short-term bank deposits	1,830
Cash under escrow account with UOB	39,295
	41,280

Note:

The figures set out in paragraphs 1 and 2 above have not been reviewed or audited by the Company's auditor.

By order of the Board

Lim Poh Chen

Financial Controller

16 August 2021