Fung Chung Yuen Steve, Director and the Chief Executive Officer of Safe2Travel Pte. Ltd. entered into an agreement to acquire 49% stake in Safe2Travel Pte. Ltd. from Global Mastermind Holdings Limited (SEHK:8063) for approximately SGD 0.11 million on March 26, 2021. The consideration includes payment in cash within 10 days and is estimated to be SGD 0.11 million based on unaudited net assets of the company. As of December 31, 2020, Safe2Travel had total and net assets of approximately SGD 7.1 million and SGD 0.22 million respectively. The transaction is subject to the finalization of the 2020 audited accounts of Safe2Travel. As at the date of this report, the Disposal has not been completed. On 25 May 2021, Global Mastermind Holdings Limited and the Purchaser entered into a supplemental agreement to extend the Payment Deadline for two months, i.e. until July 25, 2021.

Fung Chung Yuen Steve, Director and the Chief Executive Officer of Safe2Travel Pte. Ltd. completed the acquisition of 49% stake in Safe2Travel Pte. Ltd. from Global Mastermind Holdings Limited (SEHK:8063) on July 2, 2021.