Waiver :: Automatic Extension Of Time To Issue Sustainability Report

OLD CHANG KEE LTD.

(Incorporated in the Republic of Singapore)

(Company Registration Number 200416190W)

AUTOMATIC EXTENSION OF TIME TO ISSUE SUSTAINABILITY REPORT FOR THE FINANCIAL YEAR ENDED 31 MARCH 2020

The Board of Directors (the "Board") of Old Chang Kee Ltd. (the "Company", and together with its subsidiaries, the "Group") refers to the following:

1. the Company's announcement dated 28 April 2020, informing shareholders of, inter alia, the extension of time to issue its annual report and hold its annual general meeting ("AGM") in respect of the financial year ended 31 March 2020 ("FY2020") by 14 September 2020 and 29 September 2020 respectively, pursuant to the automatic extension of time granted by the Singapore Exchange Regulation ("SGX RegCo") and the Accounting and Corporate Regulatory Authority; and
2. item 9 of the frequently asked questions (FAQs) released by the SGX RegCo on 14 May 2020 in relation to the automatic time extensions to hold AGMs, clarifying that, inter alia, for companies with a financial year-end 31 March 2020:
3. 1. sustainability reports that are contained within annual reports would observe the extended annual report deadline; and
   2. standalone sustainability reports must be issued within 1 month after the extended deadline granted to the issuer to hold the AGM,

(collectively, the "Automatic SR Waiver").

The Board wishes to update shareholders that the Company intends to utilise the Automatic SR Waiver granted by the SGX RegCo for the release of its sustainability report for FY2020.

As the Company intends to issue its sustainability report as a standalone report, the extended deadline for the issue of the sustainability report for FY2020 would be 29 October 2020.

By Order of the Board

Name: Lim Tao-E William

Designation: Chief Executive Officer

12 August 2020

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. ("Sponsor"), in accordance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST. 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 Jennifer Tan, Associate Director, Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail:[e-mail]).