Employee Stock Option/ Share Scheme::GRANT OF OPTIONS PURSUANT TO THE BLUMONT EMPLOYEE SHARE OPTION SCHEME 2013

Date of grant

:

17 June 2021

Number of shares under

:

1,160,000,000 in total, of which 580,000,000 were granted as

Options granted

Market Price Options and 580,000,000 were granted as

Discount Options.

Exercise price of shares under

:

For Market Price Options - S$0.004 per ordinary share

Options granted

For Market Price Options, the exercise price per ordinary share

is equal to the average of the last dealt prices for a Share on

the SGX-ST over the three (3) consecutive Market Days

immediately preceding the Date of Grant of an Option, as

determined by reference to the daily official list or any other

publication published by the SGX-ST, rounded to the nearest

third decimal place in the event of fractional prices, provided

that in the case of a Market Day on which the Shares were not

traded on the SGX-ST, the last dealt price for Shares on such

Market Day shall be deemed to be the last dealt price of the

Shares on the immediately preceding Market Day on which the

Shares were traded.

For Discount Options - S$0.0032 per ordinary share

For Discount Options, the exercise price per ordinary share is

the price equal to a 20% discount to the Market Price, being the

maximum discount permitted under the Rules of the Blumont

ESOS 2013 and permitted by the SGX-ST.

Market price of shares on the

:

S$0.004 per ordinary share

Date of Grant

Number of Options granted to

:

Options granted to directors:

each director and controlling

1.

Alan Chin Yu - 147,000,000

shareholder (and each of their

2.

John Lee Yow Meng - 147,000,000

associates)

3.

Siaw Lu Howe - 100,000,000

4.

Tan Gim Kang - 65,000,000

5.

Aris Muhammad Rizal - 40,000,000

6.

Ng Keok Chai - 60,000,000

Validity period of the Options

:

For Market Price Options - From the first anniversary of the

date of grant to the fifth anniversary from the date of grant for

non-executive directors and the tenth anniversary for group

employees (i.e. executive directors and staffs).

For Discount Price Options - From the second anniversary of

the date of grant to the fifth anniversary from the date of grant

for non-executive directors and the tenth anniversary for group

employees (i.e. executive directors and staffs).

By Order of the Board of

Blumont Group Ltd.

Siaw Lu Howe

Non-Executive Chairman

17 June 2021