China Rubber Investment Group Co., Ltd. made an offer to acquire remaining 64% stake in Halcyon Agri Corporation Limited from Sinochem International (Overseas) Pte. Ltd. and others for an offer per share of SGD 0.413 on February 3, 2023. The Offer will be conditional upon the Offeror having received 50% of the total number of issued Shares (excluding Shares held by the Company in treasury). Xandar Capital Pte. Ltd. acted as financial advisor and fairness opinion provider for Halcyon. The offer commenced on February 24, 2023. The offer is expected expire on March 24, 2023. As of March 22, 2023, total number of Shares held by non-public shareholders (including the Shares owned, controlled, acquired or agreed to be acquired by the Offeror) amount to an aggregate of 1,460,326,368 Shares, representing approximately 91.556% of the total number of issued Shares. The offer has been extended till April 24, 2023.

China International Capital Corporation (Singapore) Pte. Limited acted as financial advisor for China Rubber Investment Group Co., Ltd. Boardroom Corporate & Advisory Services Pte. Ltd. acted as transfer agent for Halcyon.

China Rubber Investment Group Co., Ltd. completed the acquisition of remaining 32.103% stake in Halcyon Agri Corporation Limited from Sinochem International (Overseas) Pte. Ltd. and others for an offer per share of SGD 0.413 on April 24, 2023.