Equity Listing - Ordinary Shares::ISSUE AND ALLOTMENT OF 1,333,500 NEW SHARES

Metech International Limited

(Incorporated in the Republic of Singapore)

(Company Registration Number 199206445M)

ISSUE AND ALLOTMENT OF 1,333,500 NEW SHARES

PURSUANT TO THE EXERCISE OF 1,333,500 2021 WARRANTS

The Board of Directors (the "Board") of Metech International Limited (the "Company", and together with its subsidiaries, the "Group") refers to the Company's announcements made on 30 September 2021, 8 October 2021 and 19 October 2021 ("Previous Announcements") in relation to the Proposed Placement cum Warrants Issue (as defined in the Previous Announcements). Unless otherwise defined, all capitalized terms used herein shall have the same meanings ascribed to them in the Previous Announcements.

The Board wishes to announce that the number of ordinary shares in the capital of the Company ("Shares") has increased from 146,887,405 Shares to 148,220,905 Shares, following the allotment and issuance of 1,333,500 new ordinary shares in the capital of the Company (the "New Shares") at an exercise price of S$0.21 for each New Share on 3 December 2021 pursuant to the exercise of 1,333,500 unlisted warrants issued on 19 October 2021 (the "2021 Warrants").

The 1,333,500 New Shares will rank pari passu in all respects with the existing Shares, save for any dividends, rights, allotments or other distributions, the record date for which falls before the date of allotment and issuance of the New Shares (i.e. 3 December 2021).

The 1,333,500 New Shares are expected to be listed and quoted on the Catalist Board of the SGX-ST on or about 7 December 2021 and trading of the 1,333,500 New Shares is expected to commence from 9.00 a.m. on the same date.

Following the exercise of 1,333,500 2021 Warrants into 1,333,500 New Shares, there are 11,838,500 2021 Warrants outstanding as at 3 December 2021.

By Order of the Board of Directors of

Metech International Limited

Samantha Hua Lei

Executive Director and Deputy CEO

3 December 2021

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor") for compliance with the relevant rules of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by 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 Mr Khong Choun Mun, Registered Professional, RHT Capital Pte. Ltd. at 6 Raffles Quay, #24-02, Singapore 048580, [e-mail].

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