Asian Micro Holdings Limited (Catalist:585) entered into a conditional sale and purchase agreement to acquire 40% stake in Asian Micro Realty Development, Inc. from Victor Lim, Leong Lai Heng and Lin Meijuan Sophia for SGD 2.8 million on September 21, 2021. As per the transaction, Asian Micro Holdings Limited will issue 400 million shares to Victor Lim and Leong Lai Heng as a consideration. Victor Lim will sell 2,499 shares representing 19.99%, Leong Lai Heng will sell 1 share representing 0.01% and Lin Meijuan Sophia will sell 2,500 shares representing 20% stake in Asian Micro Realty Development, Inc. to Asian Micro Holdings Limited. Currently Asian Micro Realty Development, Inc. is owned by Victor Lim with 19.99% stake, Leong Lai Heng with 0.01% stake, Lin Meijuan Sophia with 20% stake, Saveone Inc. with 59.97% stake, Agnes S. Garcia with 0.01% sake, Angel Ragadio with 0.01% stake and Roselyn C. Pimentel with 0.01% stake. After the transaction, Asian Micro Realty Development, Inc. will be owned by Asian Micro Holdings Limited with 40% stake, Saveone Inc. with 59.97% stake, Agnes S. Garcia with 0.01% sake, Angel Ragadio with 0.01% stake and Roselyn C. Pimentel with 0.01% stake. As on December 31, 2020, Asian Micro Realty Development, Inc. generated profit after tax of SGD 0.28 million and net asset of SGD 2.6 million. The transaction is subject to regulatory approval, approval of offer by acquirer board, approval of offer acquirer shareholders and listing/approval of new shares on stock market. The Completion of the Proposed Acquisition is subject to the fulfilment of the Conditions on or before 30 June 2022 failing which the SPA shall terminate.

Asian Micro Holdings Limited (Catalist:585) cancelled the acquisition of 40% stake in Asian Micro Realty Development, Inc. from Victor Lim, Leong Lai Heng and Lin Meijuan Sophia on June 30, 2022. The transaction has been terminated as at the Long Stop Date, not all Conditions have been satisfied.