The Board of Directors of the Quantum Healthcare Limited announced strategic partnership agreement with Hatten Edge Pte Ltd. (Hatten Edge) for a collaborative effort to repurpose Imperio Mall@Hatten City (Imperio), a property that is owned by Hatten group, to a specialist outpatient care centre. The Company wishes to update shareholders of the Company that the signing of the tenancy agreement between the Company or its associates and Hatten Edge or its associates will require an extension of time by 30 days from 22 May 2023 to 21 June 2023 due to extended negotiations regarding the terms of the tenancy agreement. Both parties to the Agreement have been taking the necessary steps to carefully evaluate all options to ensure that this collaboration will be successful in the long run.

The Company is committed to finalizing this agreement as soon as possible and will make such further announcements at the appropriate juncture, as and when there are material developments in relation to the above matters. Shareholders and potential investors should exercise caution when trading in the Company's shares. Persons who are in doubt as to the action they should take should consult their legal, financial, tax or other professional advisers.