General Announcement::Minutes of the Annual General Meeting held on 31 August 2021

MINUTES OF THE ANNUAL GENERAL MEETING HELD ON 31 AUGUST 2021

DATE	: Tuesday, 31 August 2021
PLACE	: Held via live audio-visual webcast and live audio-only stream
TIME	:	2.00 p.m.
PRESENT	:	Mr. Liang Chengwang	- Executive Chairman and Chief Executive
				Officer
		Ms. Duanmu Xiaoyi	-	Executive Director
		Mr. Ng Poh Khoon	-	Non-Executive and Lead Independent
				Director
		Mr. Xue Congyan	- Non-Executive and Independent Director
		Mr. Lawrence Chen Tse	- Non-Executive and Independent Director
		Chau (Chen Shichao)
IN ATTENDANCE	:	Mr. Yi Ming	-	Chief Financial Officer
		Mr. Jee Meng Kwang	-	Group Financial Controller
		Mr. Lim Kok Meng	-	Company Secretary
		Mr. New Boon Poh	- Representative	from	the	Company's
				auditors, RT LLP
		Ms. Jane Yow	- Representative from RT LLP
		Mr. Justin Tan	- Representative	from	the	Company's
				sponsor, Novus Corporate Finance Pte.
				Ltd.
		Ms. Goy Pei Pei	- Representative	from	the	Company's
				share registrar, Boardroom Corporate &
				Advisory Services Pte. Ltd. (the "Share
				Registrar")
		Ms. Jolene Ting	-	Representative	from	the	Share
				Registrar's office
		Ms. Angeletta Tan	-	Representative	from	the	Share
				Registrar's office
		Ms. Lih Feng	-	Representative	from	the	independent
				scrutineer, DrewCorp Services Pte. Ltd.
				("DrewCorp")
		Ms. Farah Hosnirwan	-	Representative from DrewCorp
		Shareholders	- As per the attendance list maintained by
				the Company
CHAIRMAN OF THE	:	Mr. Ng Poh Khoon
MEETING

1. Welcome address

1. Mr Ng Poh Khoon, the Chairman of the Meeting (the "Chairman"), thanked shareholders for their participation in the annual general meeting (the "AGM") held by way of live audio- visual webcast and live audio-only stream (the "Meeting") and apologised for any inconvenience caused in holding the AGM virtually.
2. The Chairman proceeded to introduce the Directors of the Company present at the AGM. In addition, the Chairman informed the Meeting that the Chief Financial Officer, the Group Financial Controller, the Company Secretary, as well as representatives from the
   Company's auditors, sponsor, and share registrar were in attendance at the AGM.

1. QUORUM
   The Chairman called the Meeting to order as he had confirmation from the Share Registrar and the Company Secretary that the requisite quorum had been met.
2. NOTICE OF MEETING

1. The Chairman noted that the Notice of the Meeting, Annual Report, and the Proxy Form had been published on SGXNET on 16 August 2021 and that shareholders had been informed of the form of the Meeting.
2. With the consent of the Meeting, the Notice of the Meeting was taken as read.

1. QUESTIONS FROM SHAREHOLDERS
   The Chairman informed the Meeting that the Company had received questions relating to the agenda of the Meeting from shareholders. The Company had published its responses to the substantial and relevant questions on SGXNET on 30 August 2021. Accordingly, the Company would not be addressing those questions in the Meeting and shareholders were advised to refer to the Company's announcement on the same.
2. POLLING PROCESS

1. The Chairman next informed the Meeting that voting at the Meeting would be conducted by way of poll in accordance with the rules of the Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST") (the "Catalist Rules") and that in accordance with the various regulatory guidelines, there would be no physical voting conducted for the Meeting. All votes were to be counted on the basis of the proxy forms submitted to the Company via the Share Registrar as at 2.00 p.m. on 29 August 2021. In this regard, the Share Registrar had counted the proxy votes received as at the cut-off date on 29 August 2021 at 2.00 p.m. DrewCorp Services Pte. Ltd., the independent Scrutineer for the AGM (the "Scrutineer"), had also verified the counting of the votes cast through the proxy forms and confirmed that the results were in compliance with the Catalist Rules.
2. Before proceeding with the agenda of the Meeting, the Chairman informed the Meeting that he would announce the results of the poll for each resolution during the course of the Meeting.

AS ORDINARY BUSINESS

6. ORDINARY RESOLUTION 1 - TO RECEIVE AND ADOPT THE DIRECTORS'

STATEMENT AND AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021 TOGETHER WITH THE AUDITORS' REPORT THEREON

6.1 The Chairman informed the Meeting that Ordinary Resolution 1 was to receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 31

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March 2021 ("FY2021") together with the Auditors' Report thereon. In this regard, as the Audited Financial Statements for FY2021 together with the Directors' Statement and the Auditors' Report of the Company had been in the hands of the shareholders for the prescribed period of not less than 14 days, the Chairman proposed, with the Shareholders' permission, that the documents be taken as read.

1. The Chairman proposed and tabled Ordinary Resolution 1 which was seconded by Mr Jee Meng Kwang:
   "To receive and adopt the Directors' Statement and the Audited Financial Statements of the Company for the financial year ended 31 March 2021 together with the Auditors' Report thereon."
2. The Chairman informed shareholders that the results of the valid proxy votes, which had been counted by the polling agent and verified by the Scrutineer, were as follows:

Total number		FOR		AGAINST
of shares	No. of		As a	No. of		As a
represented	Shares		percentage of	Shares		percentage of
by votes for			total number			total number
and against			of votes for			of votes for
the relevant
		and against			and against
resolution
		the resolution			the resolution
			(%)			(%)
160,566,000	160,566,000		100.00	0		0.00

Based on the results of the valid proxy votes, the Chairman declared that Ordinary Resolution 1 had been unanimously carried.

7. ORDINARY RESOLUTION 2 - TO RE-ELECT MR. LIANG CHENGWANG PURSUANT

TO REGULATION 99 OF THE COMPANY'S CONSTITUTION

1. The Chairman informed the Meeting that Ordinary Resolution 2 was to re-elect Mr. Liang Chengwang pursuant to Regulation 99 of the Company's Constitution.
2. The Chairman proposed and tabled Ordinary Resolution 2 which was seconded by Mr. Jee Meng Kwang:
   "To re-elect Mr. Liang Chengwang pursuant to Regulation 99 of the Company's
   Constitution."
3. The Chairman informed shareholders that the results of the valid proxy votes, which had been counted by the polling agent and verified by the Scrutineer, were as follows:

Total number		FOR		AGAINST
of shares	No. of		As a	No. of		As a
represented	Shares		percentage of	Shares		percentage of
by votes for			total number			total number
and against			of votes for			of votes for
the relevant
		and against			and against
resolution
		the resolution			the resolution
			(%)			(%)
160,566,000	160,566,000		100.00	0		0.00

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Based on the results of the valid proxy votes, the Chairman declared that Ordinary Resolution 2 had been unanimously carried.

8. ORDINARY RESOLUTION 3 - TO RE-ELECT MR. XUE CONGYAN PURSUANT TO

REGULATION 99 OF THE COMPANY'S CONSTITUTION

1. The Chairman informed the Meeting that Ordinary Resolution 3 was to re-elect Mr. Xue Congyan pursuant to Regulation 99 of the Company's Constitution.
2. The Chairman proposed and tabled Ordinary Resolution 3 which was seconded by Mr. Jee Meng Kwang:
   "To re-elect Mr. Xue Congyan pursuant to Regulation 99 of the Company's Constitution."
3. The Chairman informed shareholders that the results of the valid proxy votes, which had been counted by the polling agent and verified by the Scrutineer, were as follows:

Total number		FOR		AGAINST
of shares	No. of		As a	No. of		As a
represented	Shares		percentage of	Shares		percentage of
by votes for			total number			total number
and against			of votes for			of votes for
the relevant
		and against			and against
resolution
		the resolution			the resolution
			(%)			(%)
160,566,000	160,566,000		100.00	0		0.00

Based on the results of the valid proxy votes, the Chairman declared that Ordinary Resolution 3 had been unanimously carried.

9. ORDINARY RESOLUTION 4 - TO RE-ELECT OF MR. LAWRENCE CHEN TSE CHAU (CHEN SHICHAO) PURSUANT TO REGULATION 100 OF THE COMPANY'S

CONSTITUTION

1. The Chairman informed the Meeting that Ordinary Resolution 4 was to re-elect Mr. Lawrence Chen Tse Chau (Chen Shichao) pursuant to Regulation 100 of the Company's
   Constitution.
2. The Chairman proposed and tabled Ordinary Resolution 4 which was seconded by Mr. Jee Meng Kwang:
   "To re-elect Lawrence Chen Tse Chau (Chen Shichao) pursuant to Regulation 100 of the
   Company's Constitution."
3. The Chairman informed shareholders that the results of the valid proxy votes, which had been counted by the polling agent and verified by the Scrutineer, were as follows:

Total number		FOR		AGAINST
of shares	No. of		As a	No. of		As a
represented	Shares		percentage of	Shares		percentage of
by votes for			total number			total number
and against			of votes for			of votes for
the relevant
		and against			and against
resolution
		the resolution			the resolution
			(%)			(%)

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160,566,000	160,566,000	100.00	0	0.00

Based on the results of the valid proxy votes, the Chairman declared that Ordinary Resolution 4 had been unanimously carried.

10. ORDINARY RESOLUTION 5: TO APPROVE THE PAYMENT OF DIRECTORS' FEES OF

S$110,000 FOR THE FINANCIAL YEAR ENDING 31 MARCH 2022, PAYABLE HALF YEARLY IN ARREARS. (FY2021: S$110,000)

1. The Chairman informed the Meeting that Ordinary Resolution 5 was to approve the payment of Directors' fees of S$110,000 for the financial year ending 31 March 2022, payable half yearly in arrears.
2. The Chairman proposed and tabled Ordinary Resolution 5 which was seconded by Mr. Jee Meng Kwang:
   "To approve the payment of Directors' fees of S$ 110,000 for the financial year ending 31
   March 2022, payable half yearly in arrears. (FY2021: S$ 110,000)."
3. The Chairman informed shareholders that the results of the valid proxy votes, which had been counted by the polling agent and verified by the Scrutineer, were as follows:

Total number		FOR		AGAINST
of shares	No. of		As a	No. of		As a
represented	Shares		percentage of	Shares		percentage of
by votes for			total number			total number
and against			of votes for			of votes for
the relevant
		and against			and against
resolution
		the resolution			the resolution
			(%)			(%)
160,566,000	160,566,000		100.00	0		0.00

Based on the results of the valid proxy votes, the Chairman declared that Ordinary Resolution 5 had been unanimously carried.

11. ORDINARY RESOLUTION 6: TO RE-APPOINT RT LLP AS THE AUDITORS OF THE COMPANY AND TO AUTHORISE THE DIRECTORS OF THE COMPANY TO FIX THEIR REMUNERATION

1. The Chairman informed the Meeting that Ordinary Resolution 6 was to re-appoint RT LLP as the auditors of the Company for the financial year ending 31 March 2022 and to authorise the Directors of the Company to fix their remuneration.
2. The Chairman proposed and tabled Ordinary Resolution 6 which was seconded by Mr. Jee Meng Kwang:
   "To re-appoint RT LLP as the auditors of the Company and to authorise the Directors of the Company to fix their remuneration."
3. The Chairman informed shareholders that the results of the valid proxy votes, which had been counted by the polling agent and verified by the Scrutineer, were as follows:

Total number

FOR

AGAINST

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