Waiver :: Application For Extension Of Time To Comply With Rule 705(2) Of The Listing Manual

BEST WORLD INTERNATIONAL LIMITED

Company Registration No. 199006030Z

APPLICATION FOR EXTENSION OF TIME TO COMPLY WITH RULE 705(2) OF THE LISTING MANUAL TO ANNOUNCE THE GROUP'S UNAUDITED FINANCIAL STATEMENTS FOR THE SIX (6) MONTHS ENDED 30 JUNE 2021

The Board of Directors (the "Board") of Best World International Limited (the "Company" and together with its subsidiaries, the "Group") refers to the Company's announcements dated:

1. 6 April 2021, 21 April 2021, 15 May 2021, 16 August 2021 and 30 August 2021 in relation to the Company's applications to SGX RegCo and ACRA for an extension of time to hold the annual general meeting ("AGM") for the financial year ended 31 December 2020 ("FY2020"); and
2. 10 August 2021 and 25 August 2021 in relation to the Company's application to SGX RegCo for an extension of time to 22 September 2021 for the Company to announce the Group's unaudited financial statements for the six (6) months ended 30 June 2021,

(collectively, the "Previous Announcements"). Unless otherwise defined, all capitalised terms used herein shall bear the meanings ascribed to them in the Previous Announcements.

Waiver

The Company is pleased to announce that based on the Company's submissions and representations to SGX RegCo, SGX RegCo has on 6 September 2021 informed the Company that it has no objection to the Company's application for an extension of time to 22 September 2021to release its unaudited financial results for the financial period ended

30 June 2021 (the "Waiver") with regard to compliance with Rule 705(2) of the Listing Manual, subject to the following:

1. the Company announcing the Waiver granted, the reasons for seeking the Waiver, the conditions as required under Rule 107 of the Listing Manual 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.

Shareholders should note that the Waiver will not be effective if any of the above conditions have not been fulfilled.

Following the disclosures in the Company's announcements dated 10 August 2021 and 25 August 2021 and this announcement, the Company has complied with the requirement in condition (a) of the Waiver to announce the Waiver granted, the reasons for seeking the Waiver and the conditions of the Waiver. The Company has also submitted a written confirmation to SGX RegCo as required by condition (b) of the Waiver. Accordingly, all of the Waiver conditions have been satisfied.

BY ORDER OF THE BOARD

Huang Ban Chin

Director and Chief Operating Officer

6 September 2021