The Board of Directors of Q & M Dental Group (Singapore) Limited refers to the announcement made by the company on March 11, 2020 regarding entry into a non-binding memorandum of understanding with Hubei Aishubao Living Supplies Co. Ltd. and Guangzhou Pharmasen Co. Ltd. in respect of the proposed establishment of a surgical mask manufacturing company as a joint venture company. Pursuant to the terms of the MOU, the MOU will terminate if definitive agreements in respect of the Proposed Investment was not entered into within one year of the date of the MOU. As at the date of this announcement, parties have failed to successfully negotiate and finalise the terms of the definitive agreements. Consequently, the MOU is now terminated, and no party has any further obligation or liability against each other in respect of the MOU.