General Announcement::Vividthree Launches its First NFT Digital Comic Collectibles for Sale

IMMEDIATE RELEASE

Vividthree Launches its First NFT Digital Comic Collectibles

for Sale

• For Its Popular Web Comic Silent Horror

Singapore, 7th December 2021 - Vividthree Holdings Ltd. (SGX: OMK) ("Vividthree", the

"Company", or together with its subsidiaries, the "Group"), a diversified entertainment company across the Digital Entertainment chain, announced today that it will launch its first non- fungible token ("NFT"). The Group is developing digital collectibles of the characters of their popular webcomic IP, 'Silent Horror'.

The first stage of the NFT sale of the iconic characters of Silent Horror will start in December 2021. Characters will be transformed into digital collectibles on the blockchain for the comic fans

Vividthree Holdings Ltd.

(Company Registration Number: 201811828R)

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and NFT collectors to purchase on Opensea.io, the world's first and largest digital marketplace for crypto collectibles and NFTs which sales volumes hit US$3.4 billion in August 20211.

Vividthree development team has created exclusive digital art collectibles for sale. Proceeds from the sale will fund further development of 'Silent Horror' including potential spin-off. Vividthree is the Intellectual Property ("IP") owner of 'Silent Horror', a webcomic series with a supernatural horror theme that has amassed over 100 million views online2 since February 2015.

Managing Director of Vividthree, Mr Charles Yeo commented, "With our unique development strategies and a clear roadmap, this will be our first ever NFT collection for 'Silent Horror'. The comic title has gathered massive followings over the years, and the NFT sale will allow fans to own a piece of their favourite character while also helping to contribute to the further development of 'Silent Horror' as we continue to invest in the IP's growth. The NFT sale also marks a monumental moment for the Group as we tap into the limitless opportunity of blockchain to accelerate the execution of our growth plans."

NFTs have surged in popularity in recent years with 3Q2021 sales up more than 8 folds from a year ago to US$10.7b, according to data from market tracker DappRadar3.

- END-

Appendix

1. https://dune.xyz/yifeihuang/Opensea
2. https://tapas.io/series/Silent-Horro/info
3. https://www.reuters.com/article/fintech-nft-q3-idCAKBN2GU298

Vividthree Holdings Ltd.

(Company Registration Number: 201811828R)

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About Vividthree Holdings Ltd.

Headquartered in Singapore with subsidiaries in Malaysia and China, Vividthree Holdings Ltd. specialises in Visual Effects ("VFX"), animation and Virtual Reality ("VR") for content creation and services across the Digital Entertainment and Out-of-Home Entertainment sectors, as well as collaborations in Meetings, Incentives, Conferences, Exhibitions ("MICE") projects.

Since its establishment in 2006, Vividthree has secured its position as Singapore's leading 3D animation and VFX studio with its multi-award-winning track record. In 2017, the Company expanded into the immersive media space with virtual reality (VR) and augmented reality (AR) capabilities. The Vividthree brand of excellence can be found in many works, including Singapore's box-office breaking trilogy Ah Boys to Men, SG50 Future of Us Exhibition, NS50 Home Team parade and Train to Busan VR Tour show.

Vividthree has secured the exclusive rights to develop a VR tour show for Peninsula, the sequel to the 2016 Korean box office hit, Train to Busan, as well as acquired the intellectual property rights to the popular web comic, Silent Horror.

Vividthree is a subsidiary of SGX Mainboard-listed mm2 Asia Ltd. (SGX Stock Code: 1B0), producer of film, television and online content. In September 2018, Vividthree debuted on the SGX Catalist board (SGX Stock Code: OMK)

For more information on Vividthree Holdings: https://www.vividthreeholdings.com

This Announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. ("Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This Announcement has not been examined or approved by 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 Mr Lay Shi Wei - Registered Professional, 6 Raffles Quay, #24-02, Singapore 048580, [e-mail]

Investor Relations/ Media Contact

Emily Choo

[e-mail]

Vividthree Holdings Ltd.

(Company Registration Number: 201811828R)

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Disclaimer

The Company does not make any representation or warranty, express or implied, as to the accuracy of the information contained herein, and expressly disclaim any and all liability based, in whole or in part, on such information, errors therein or omissions therefrom.

This news release may contain forward-looking statements that involve assumptions, risks and uncertainties, provided with respect to the anticipated financial position, business strategies, future plans and prospects of the Group. These forward-looking statements are only predictions, and there can be no assurance that such forward-looking statements will be realized. Actual future performance, outcomes, results and achievements may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Predictions, projections or forecasts of the economy or economic trends of the markets are not necessarily indicative of the future or likely performance of the Group. Prospective investors are cautioned not to place undue reliance on these forward-looking statements. No representations or warranties are made as to the accuracy or reasonableness of these forward-looking statements.

Vividthree Holdings Ltd.

(Company Registration Number: 201811828R)

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