Mencast Holdings Ltd. announced that it has entered into a convertible bond subscription agreement with Economic Development Innovations Singapore Pte. Ltd. to issue unsecured Convertible Bonds of the company in the aggregate principal amount of SGD 3,000,000 on April 17, 2026. The Bonds are convertible into Common Shares of the company.

Maturity is 36 months from the Issue Date. Each Bond shall convert at a conversion price of SGD 0.14 per to maximum 21,428,571 Shares. The Bonds shall be issued at a price per Bond equal to 95% of the principal amount of each Bond.

Each Bond shall have a principal amount of SGD 1 each. The Bonds shall accrue interest at a rate of 4.75% per annum