General Announcement::Update on Proposed Transfer of the Listing of the Company from Main Board to Catalist of the SGX-ST

ADVANCED HOLDINGS LTD.

(Incorporated in the Republic of Singapore)

(Registration No. 200401856N)

UPDATE ON PROPOSED TRANSFER OF THE LISTING OF THE COMPANY FROM THE MAIN

BOARD TO THE CATALIST BOARD OF THE SGX-ST

The Board of Directors of Advanced Holdings Ltd. (the "Company", and together with its subsidiaries, the "Group") refers to the Company's announcement dated 18 June 2021 in relation to the proposed transfer of the listing of the Company from the Main Board of the Singapore Exchange Securities Trading Limited (the "SGX-ST") to the Catalist Board of the SGX-ST (the "Proposed Transfer").

The Board wishes to announce that the Company has on 1 October 2021 been notified by the SGX-ST that the SGX-ST had approved in-principle the Proposed Transfer (the "In-PrincipleApproval") subject to compliance with the SGX-ST's listing requirements and:-

1. an immediate announcement via SGXNET of the Proposed Transfer;
2. the Shareholders' approval being obtained for the Proposed Transfer via a special resolution at an extraordinary general meeting of the Company ("EGM") under Rule 410(4) of the SGX- ST Listing Manual Section B: Rules of Catalist ("Catalist Rules"); and
3. submission of:
4. 1. a written undertaking from the Company in the format set out in Appendix 4E of the Catalist Rules to comply with all of the SGX-ST's requirements and policies applicable to the issuers listed on the Catalist Board;
   2. a written undertaking by the Company that it is not aware of any material information which has not been previously announced via SGXNET which will affect the Company's suitability for the transfer to the Catalist Board;
   3. a written undertaking from each of the Company's directors in the form set out in
      Appendix 7.7 and an undertaking from the Company to procure the same written undertaking from any new director appointed to the Company's board after the Proposed Transfer takes place; and
   4. a written confirmation from the Company that it is in compliance with all applicable SGX-ST listing rules that apply to issuers listed on the Main Board.

The In-Principle Approval is not to be taken as an indication of the merits of the Proposed Transfer, the Company, its subsidiaries or its securities.

A circular to the Shareholders setting out, inter alia, further details of the Proposed Transfer, together with a notice convening the EGM, will be published by the Company on the SGXNET and the Company's website in due course.

The Company will also provide updates to Shareholders as and when there are any material developments in respect of the Proposed Transfer.

Shareholders and potential investors should exercise caution when trading in the Shares as there is no certainty or assurance as at the date of this announcement that approval for the Proposed Transfer will be obtained or if the Proposed Transfer will eventually be undertaken at all.

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Shareholders are advised to read this announcement and any further announcements by the Company carefully. Shareholders should consult their stock brokers, bank managers, solicitors or other professional advisers if they have any doubt about the actions that they should take.

BY ORDER OF THE BOARD

Dr Wong Kar King

Managing Director

1 October 2021

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