Camsing Healthcare Limited announced that it has entered into an agreement Duanmu Xiaoyi, Chen Hao, Liu Jing, Liu Xiaohua, Ong Yaw Teh, Steven Lim to issue 50,000,000 convertible bonds for the gross proceeds of SGD 2,500,000 and 60,000,007 new ordinary shares at an issue price of SGD 0.05 for the gross proceeds of SGD 3,000,000; aggregate gross proceeds of SGD 5,500,000 on February 6, 2024. Pursuant to the Convertible Bond Subscription Agreement, the Company proposes to issue zero-coupon mandatory convertible bonds denominated in Singapore dollars in the aggregate principal amount of up to SGD 2,500,000, which may be converted into new ordinary shares at a conversion price of SGD 0.05 per Conversion Share in accordance with the terms and conditions of the Convertible Bond Subscription Agreement. The lead investor subscribe for 26,000,007 Shares at an issue price of SGD 0.05 per Share, Chen agrees to subscribe for 22,000,000 Shares at an issue price of SGD 0.05 per Share, Liu Xiaohua agrees to subscribe for 4,000,000 Shares at an issue price of SGD 0.05 per Share, Ong agrees to subscribe for 4,000,000 Shares at an issue price of SGD 0.05 per Share and Lim agrees to subscribe for 4,000,000 Shares at an issue price of SGD 0.05 per Share.

The Lead Investor agrees to subscribe for the Bonds in the principal amount of SGD 700,000 on the Completion Date and the Company shall issue and deliver to or to the order of the Lead Investor the Bonds, Chen agrees to subscribe for the Bonds in the principal amount of SGD 900,000 on the Completion Date and the Company shall issue and deliver to or to the order of Chen the Bonds, Liu Jing agrees to subscribe for the Bonds in the principal amount of SGD 900,000 on the Completion Date and the Company shall issue and deliver to or to the order of Liu Jing the Bonds. The transaction has been been approved by the shareholders and is still subject to the meeting of the Shareholders to be convened to approve the Transaction Resolutions.