Kiri Industries limited announced that the Board of Directors of the Company in their meeting held on February 12, 2024, have approved the proposal of incorporation of a Wholly Owned Subsidiary of the Company in Singapore. Name of the target entity, details in brief such as size, turnover etc. Name: Claronex Holdings Pte.

Ltd. The proposed WOS to be incorporated shall attend and explore the future business opportunities and carry out business relating to wholesale trading of a variety of goods and investment & Financing activities. Tentative Within 2 months (The application for the incorporation will be filed and will be completed subject to approvals from the relevant authorities). Cost of acquisition or the price at which the shares are acquired SGD 10000 being 10000 shares of SGD 1.00 per share.