Change - Change in Corporate Information::Change in details of a Subsidiary

BEVERLY JCG LTD.

(Incorporated in the Republic of Singapore)

(Company Registration No. 200505118M)

CHANGE IN DETAILS OF A SUBSIDIARY

1. INTRODUCTION
   The board of directors (the "Board" or "Directors") of Beverly JCG Ltd. (the "Company", and together with its subsidiaries, the "Group") refers to the Company's previous announcements made on 25 November 2019, 5 May 2021 and 25 May 2021 (the "Previous Announcements") in relation to, inter alia, (i) the incorporation of a new wholly owned subsidiary in Malaysia, Beverly Medical Centre Sdn. Bhd. ("BMC"); (ii) the entry into the definitive agreement by JCG-Beverly Pte Ltd, a subsidiary of the Company, with Arlena Philip Lee and Klinik Pergigian Dentistree to, inter alia, establish a joint venture company in Malaysia to be known as "Beverly Dentistree" for the purposes of providing aesthetic dental services (the "Proposed Transaction"); and (iii) the change in name of BMC to Beverly Dentistree Sdn. Bhd. ("BDSB").
   Unless otherwise defined in this announcement, all capitalised terms used in this announcement shall have the same meanings and construction as ascribed to them in the Previous Announcement.
2. CHANGE IN BUSINESS ACTIVITIES OF SUBSIDIARY
   The Board wishes to announce that BDSB had, on 21 June 2021, changed its business activities to the provision of aesthetic dental care for the purposes of the Proposed Transaction.
3. RESPONSIBILITY STATEMENT
   The Directors collectively and individually accept full responsibility for the accuracy of the information given in this announcement and confirm after making all reasonable enquiries that to the best of their knowledge and belief, this announcement constitutes full and true disclosure of all material facts about the Proposed Transaction and the Company and its subsidiaries, and the Directors are not aware of any facts the omission of which would make any statement in this announcement misleading. Where information in this announcement has been extracted from published or otherwise publicly available sources or obtained from a named source, the sole responsibility of the Directors has been to ensure that such information has been accurately and correctly extracted from those sources and/or reproduced in this announcement in its proper form and context.
4. CAUTION IN TRADING
   Shareholders and potential investors are advised to exercise caution in trading their shares as there is no certainty or assurance as at the date of this announcement that the Proposed Transaction will be completed or that no changes will be made to the terms thereof. The Company will make the necessary announcements when there are further developments on

the Proposed Transaction. Shareholders are advised to read this announcement and any further announcements by the Company carefully, and should consult their stock brokers, bank managers, solicitors or other professional advisors if they have any doubt about the actions they should take.

BY ORDER OF THE BOARD

Dato' Ng Tian Sang @ Ng Kek Chuan

Executive Chairman and Chief Executive Officer

23 June 2021

This announcement has been reviewed by the Company's sponsor, Stamford Corporate Services Pte. Ltd. (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("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 Ms Vanessa Ng (Telephone: [phone] and Email: [e-mail]).