General Announcement::RECEIPT OF STATUTORY DEMAND BY SUBSIDIARY

SunMoon Food Company Limited is a Singapore-based investment holding company. The Company is a consumer-focused distributor and marketer of branded fruits, vegetables and products. It is engaged in the sales of fruits, vegetables, seafood, meat, aqua-food and agri-food related products and including any other ancillary products globally. Its products are distributed via supermarkets, convenience stores, online and wholesale channels, food services, as well as its franchise outlets in Singapore. Its products include seasonal fruits, pears, apples, frozen, snacks, juices, fruit cups and stone fruits. Its customers comprise importers, wholesalers, supermarket chains, as well as individual consumers from around the world. It also manages a network of retail franchise outlets that provide valuable, direct connections to the end consumer. It also conducts new product development using food science technology and modern packaging design to deliver fruit and fruit derivative products.