General Announcement::Entry into a Non-Binding Memorandum of Understanding

MARY CHIA HOLDINGS LIMITED

Company Registration No. 200907634N

(Incorporated in the Republic of Singapore)

(the "Company")

ENTRY INTO A NON-BINDING MEMORANDUM OF UNDERSTANDING

The Board of Directors (the "Board") of Mary Chia Holdings Limited (the "Company") and together with its subsidiaries (the "Group") wishes to announce that the Company has on 2 September 2021 entered into a non-binding memorandum of understanding (the "MOU") with Mobile-Health Network Solutions ("MHNS""), to acquire an equity interest of approximately 5% in

MHNS ("Proposed Acquisition").

MHNS is a holding company registered in the Cayman Islands, and holds the "MaNaDr" brand through a subsidiary. Its main business is telemedicine conducted via its subsidiaries which are primarily engaged in the business of online teleconsulting and sale of medicine and healthcare products within its online healthcare ecosystem currently with a pool of around 600 clinics and around 1,000 general practitioners and specialists in Singapore.

It is envisaged that the Company and MHNS will explore synergistic business opportunities available to improve the prospects and provide new revenue streams for both companies.

The MOU being non-binding (save for provisions relating to cost and expense, confidentiality and governing law), will serve as the understanding for the preparation of the definitive agreement. There is no assurance or certainty that such an agreement will be entered into or reached or that such matters will be proceeded with.

None of the Directors or controlling shareholders of the Company has any interest, direct or indirect, in the MOU, save through their respective shareholdings in the Company (if any).

Further details of the Proposed Acquisition are being discussed by the parties and once finalised, the Company will make announcement if there is any material developments in respect of the MOU through SGXNET.

Shareholders are advised to exercise caution in trading their shares. There is no certainty or assurance as at the date of this announcement that the Proposed Acquisition will be completed. Shareholders are advised to read this announcement and any further announcements by the Company carefully. Shareholders should consult their stock brokers, bank managers, solicitors or other professional advisors if they have any doubt about the actions they should take.

BY ORDER OF THE BOARD

Wendy Ho

Chief Executive Officer 2 September 2021

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This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Charmian Lim (Tel: [phone]), at 1 Robinson Road, #21- 00 AIA Tower, Singapore 048542.