Asset Acquisitions and Disposals::THE PROPOSED ACQUISITION OF ERC INSTITUTE PTE. LTD. - POSTPONEMENT OF ACQUISITION

ALPHA DX GROUP LIMITED

(Incorporated in the Republic of Singapore)

(Company Registration No. 200310813H)

THE PROPOSED ACQUISITION OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF ERC INSTITUTE PTE. LTD. - POSTPONEMENT OF ACQUISITION

Unless otherwise defined, all capitalized terms shall bear the same meanings as the Company's circular dated 30 April 2021 ("Circular") and the Company's announcements dated 28 April 2021 and dated 4 June 2021 ("Announcements") in relation to, inter alia, the proposed acquisition of ERC Institute Pte. Ltd.

The board of directors (the "Directors" or the "Board") of Alpha DX Group Limited (the "Company", and together with its subsidiaries, the "Group") refers to the Circular and the Announcements.

Further to the Announcements and the Circular, the Group wishes to update its Shareholders that it has on 22 June 2021 been put on notice that completion of the Proposed Acquisition may be delayed due to a potential issue between DiDi Investments and the previous owner of the Target. In order to avoid undue disturbances to its business and expansion plans, the Board has decided that it is in the best interests of the Group to postpone the Proposed Acquisition by terminating and revisiting the SPA at a future date, when the issue(s) have been satisfactorily resolved. At the same time, the Group will shift its strategic priority to pursue other potential investments, acquisitions and strategic partnerships in the learning and education sectors of Japan, Singapore and other Asian countries.

As the Proposed Acquisition constitutes (i) an "interested person transaction" pursuant to Chapter 9 of the Catalist Rules and (ii) a "major transaction" of the Company pursuant to

Chapter 10 of the Catalist Rules, the Group will seek the approval of shareholders of the Company under Rules 906 and 1014 of the Catalist Rules for the Proposed Acquisition when the revised dates and terms of the Proposed Acquisition have been agreed upon.

In the meantime, the Group will continue to forge ahead in its vision of integrating technology and education through the continued development and expansion of its ubiquitous learning platform. The Group will also continue to take part in collaborative projects with the Target to implement new academic programmes and integrate technology into the delivery of education.

BY ORDER OF THE BOARD

ALPHA DX GROUP LIMITED

Tan Wee Sin

Company Secretary

22 June 2021

This Announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms Ng Shi Qing, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, [e-mail].

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