Waiver :: Applications For Extensions Of Time To Comply With Rules 705(1) And 707(1) Of The Listing Manual

BEST WORLD INTERNATIONAL LIMITED

Company Registration No. 199006030Z

APPLICATION FOR EXTENSION OF TIME TO COMPLY WITH RULE 707(1) OF THE LISTING MANUAL TO HOLD THE ANNUAL GENERAL MEETING FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020

The Board of Directors (the "Board") of Best World International Limited (the "Company") refers to the Company's announcements dated:

1. 6 April 2021, 21 April 2021, 16 August 2021 and 30 August 2021 in relation to the Company's application to SGX RegCo for an extension of time to hold the annual general meeting ("AGM") for the financial year ended 31 December 2020 ("FY2020") with regard to compliance with Rule 707(1) of the Listing Manual (the "FY2020 Waiver"); and
2. 15 May 2021 and 10 September 2021 in relation to the Company's application to ACRA for an extension of time to hold the AGM for FY2020 under Section 175(2) of the Companies Act and to lodge its annual return for FY2020 with ACRA under Section 197(1B) of the Companies Act (the "ACRA Waiver"),

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

Further to the Company's announcement dated 10 September 2021 on the ACRA Waiver, the Company received clarification from ACRA that the ACRA Waiver provides for a further extension of time for the Company to (a) hold the AGM for FY2020 by 30 September 2021 under Section 175 of the Companies Act, and (b) lodge its annual return for FY2020 with ACRA by 30 October 2021 under Section 197 of the Companies Act.

The FY2020 Waiver was granted by SGX RegCo on 30 August 2021, subject to the conditions set out in the Company's announcement dated 30 August 2021. After the Company convened the AGM for FY2020 on 30 September 2021, all of the conditions of the FY2020 Waiver have been satisfied.

BY ORDER OF THE BOARD

Huang Ban Chin

Director and Chief Operating Officer

30 September 2021