General Announcement::UPDATE ON USE OF RIGHTS ISSUE PROCEEDS RAISED IN YEAR 2014

TUNG LOK RESTAURANTS (2000) LTD

(Incorporated in Singapore)

(Registration No. 200005703N)

UPDATE ON USE OF RIGHTS ISSUE PROCEEDS RAISED IN YEAR 2014

Unless otherwise defined, capitalised terms used herein shall bear the same meaning ascribed to them in the offer information statement dated 29 July 2014 in relation to the Rights Issue (the "Offer Information Statement").

The Board of Directors (the "Board") of Tung Lok Restaurants (2000) Ltd (the "Company") wishes to announce that approximately S$1.45 million of the net proceeds (after deducting related expenses incurred in connection with the Rights Issue) raised from the Rights Issue has been utilised by way of grant of loan to its wholly-owned subsidiary, Tung Lok Millennium Pte Ltd, for its general working capital purposes.

The above utilisation of the net proceeds arising from the Rights Issue is consistent with the intended use as disclosed in the Offer Information Statement.

Further to the Company's announcement dated 1 October 2014, 25 August 2015 and 16 September 2019, the Company has to-date fully disbursed and utilized the net proceeds of S$9.3 million raised from the Rights Issue.

BY ORDER OF THE BOARD

Tjioe Ka Men

President/Chief Executive Officer

29 September 2021

This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited. This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("Exchange") and the Exchange 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:-

Name: Mr Ong Hwee Li (Registered Professional, SAC Capital Private Limited)

Address: 1 Robinson Road, #21-00 AIA Tower, Singapore 048542

Tel: [phone]

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