Waiver :: Results Of Application For Extension Of Time To Comply With Rule 705(1) Of The Catalist Rules

AGV GROUP LIMITED

(Company Registration No. 201536566H)

(Incorporated in the Republic of Singapore on 2 October 2015)

RESULTS OF APPLICATION FOR EXTENSION OF TIME TO COMPLY WITH RULE 705(1) OF THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED (THE "SGX-ST") LISTING MANUAL SECTION B: RULES OF CATALIST ("CATALIST RULES")

Capitalised terms in this announcement shall have the same meanings as ascribed to them in the EOT Application Announcement (as defined below), unless otherwise defined.

1. INTRODUCTION
   The Board of Directors (the "Board") of AGV Group Limited (the "Company" and together with its subsidiaries, the "Group") refers to the Company's earlier announcement dated 29 November 2021 in relation to the Company's application to the SGX-ST, through its Sponsor, for an extension of time to announce the Company's unaudited financial statements for the financial year ended 30 September 2021 (the "EOT Application Announcement").
2. GRANT OF WAIVER

2.1. The Company has, through its Sponsor, received a letter from the SGX-ST stating that it has granted the Company's application for the Extension of Time (the "Waiver"), subject to the following:

1. the Company announcing the Waiver being granted, the reasons for seeking the Waiver, the conditions as required under Rule 106 of the Catalist Rules and if the Waiver conditions have been satisfied. If the Waiver conditions have not been met on the date of the announcement, the Company must make an update announcement when the conditions have all been met; and
2. submission of a written confirmation from the Company that it is not aware of any information that will have a material bearing on investors' decision which has yet to be announced by the Company,

(each, a "Waiver Condition" and collectively, the "Waiver Conditions").

2.2. The reasons for the Company's application for the Waiver are set out in the EOT Application Announcement. The Company has provided the written confirmation as set out in paragraph 2.1(b). In light thereof, the Company confirms that the Waiver Conditions under paragraph 2.1 have been met as at the date of this announcement.

BY ORDER OF THE BOARD

Chong Kwang Shih

Lead Independent Director

30 December 2021

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This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, Hong Leong Finance Limited. It has not been examined or approved by the SGX- ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Mr Kaeson Chui, Vice President, at 16 Raffles Quay, #01-05 Hong Leong Building, Singapore 048581, Telephone [phone].

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