General Announcement::Quarterly update pursuant to Rule 1313(2) of the Listing Manual

XMH HOLDINGS LTD.

(Incorporated in Singapore)

(Company Registration No.: 201010562M)

QUARTERLY UPDATE PURSUANT TO RULE 1313(2) OF THE LISTING MANUAL OF SINGAPORE EXCHANGE SECURITIES TRADING LIMITED

XMH Holdings Ltd. (the "Company" and together with its subsidiaries, the "Group") was placed on the watch-list due to Financial Entry Criterion with effect from 4 December 2019.

Pursuant to Rule 1313(2) of the Listing Manual of the Singapore Exchange Securities Trading Limited ("SGX-ST"), the Board of Directors of the Company wishes to provide a quarterly update on the financial situation, its future direction and other material development that may have a significant impact on the Group's financial position.

Financial Results

Please refer to the announcement on 13 December 2021 of the unaudited first half year ended 31 October 2021 ("1HFY2022") financial statements of the Group for an update on the Group's financial position as at 31 October 2021.

Future Direction and Other Material Development

Given the uncertainty in the global economy due to the COVID-19 pandemic, the Group will continue to closely review its existing business operations and strategies based on the current market conditions. To mitigate the impact from COVID-19, the Group will remain committed in exercising cost discipline across its business segments and will also continue to focus on improving its operational capabilities and strengthening its existing business. The Group will stay vigilant for new business opportunities and will also take the necessary steps and consider the available options to meet the requirements of Rule 1314(2) of Listing Manual of SGX-ST to exit the Watchlist within 36 months from 4 December 2019 and will update shareholders in due course.

BY ORDER OF THE BOARD

Tan Tin Yeow

Chairman and Managing Director

13 December 2021