Berjaya Leisure Capital (Cayman) Limited entered into an exit offer to acquire remaining 32.58% stake in Informatics Education Ltd. (SGX:BOU) from Meriton Capital Limited & others for SGD 0.64 million on October 17, 2022. Under the terms of transaction, Consideration Payment for the Undertaking Shares shall be fully satisfied by the Offeror in cash. Berjaya Leisure Capital (Cayman) Limited will acquire 57,776,134 shares at a price of SGD 0.011 per shares and 1,708,038 of warrants at a price of SGD 0.0001 Berjaya Leisure Capital (Cayman) Limited acquires not less than 90% of the Shares, Berjaya Leisure would be entitled to exercise the right to compulsorily acquire all the Shares of Shareholders who have not accepted the Exit Offer (“Dissenting Shareholders”) at a price equal to the Exit Offer Price. Berjaya Leisure will delist the company on SGX. The Exit Offer is unconditional in all respects & Shareholders should note that no extraordinary general meeting of the Shareholders will be for the purpose of the Directed Delisting and Shareholders' approval is not required for the Directed Delisting. Capital Pte. Ltd appointed as IFA to recommend Directors of Informatics Education in relation to the terms of the Exit Offer. Capital Pte. Ltd is in the opinion that the financial terms of the Exit Offer and the Warrants Offer are fair and reasonable & Recommending Directors to recommend that Shareholders ACCEPT the Exit Offer. Acceptances of the Exit Offer must be received by December 2, 2022, or such later date(s) as may be announced from time to time by or on behalf of the Offeror. As of December 2, 2022, the offer closing is extended to December 16, 2022. On December 16, 2022, The Offeror wishes to announce that the Exit Offer and the Warrants Offer will be further extended to December 30, 2022.

ZICO Capital Pte. Ltd. acted as a financial advisor to Berjaya Leisure Capital (Cayman) Limited and RHT Capital Pte. Ltd. acted as a financial advisor to Informatics Education. Ernst & Young LLP acted as accountant and M & C Services Private acted as the Receiving Agent, Share Registrar cum Warrant Agent in transaction toInformatics Education.

Berjaya Leisure Capital (Cayman) Limited completed the acquisition of remaining 32.58% stake in Informatics Education Ltd. (SGX:BOU) from Meriton Capital Limited and others on December 30, 2022. Berjaya Leisure Capital (Cayman) Limited intends to exercise its right to compulsorily acquire all the Shares not tendered in acceptance of the Exit Offer. Informatics Education will be mandatorily delisted from the Official List of the SGX-ST following the completion of the Exit Offer and the Warrants Offer.