Annual General Meeting::Voluntary

SINGHAIYI GROUP LTD.

(Company Registration No. 198803164K)

(Incorporated in the Republic of Singapore)

ANNUAL GENERAL MEETING TO BE HELD ON 29 JULY 2021

1. Introduction
   The Board of Directors (the "Board") of SingHaiyi Group Ltd. (the "Company") refers to:
2. 1. the COVID-19 (Temporary Measures) Act 2020 passed by Parliament on 7 April 2020 which enables the Minister for Law by order to prescribe alternative arrangements for, amongst others, listed companies in Singapore to conduct general meetings, either wholly or partly, by electronic means;
   2. the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020, as amended from time to time (the "Alternative Arrangements Order") which sets out the alternative arrangements in respect of, amongst others, general meetings of listed companies in Singapore;
   3. the Joint Statement by Accounting and Corporate Regulatory Authority, Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation ("SGX RegCo") issued on 13 April
      2020 (and subsequently updated on 27 April 2020, 22 June 2020 and 1 October 2020) which included a checklist to guide listed and non-listed entities on the conduct of general meetings during the period from 27 March 2020 to June 2021; and
   4. the announcement by the Ministry of Law ("MinLaw") on 6 April 2021 that MinLaw, in consultant with relevant Ministries and agencies, had further extended the duration of legislation that enables entities to hold meetings via electronic means, beyond 30 June 2021. Such legislation will continue to be in force until revoked or amended by MinLaw.
3. Date of Annual General Meeting
   The Board wishes to inform shareholders that the Annual General Meeting ("AGM") will be held by way of electronic means on 29 July 2021 at 10.00 a.m..
   The Company has today issued the following documents in connection with the AGM:
4. 1. Annual Report for the financial year ended 31 March 2021 (the "FY2021 AR");
   2. the Notice of the AGM dated 12 July 2021 (the "Notice of AGM");
   3. the Appendix dated 12 July 2021 to the Notice of AGM relating to the proposed renewal of the Company's share buy-back mandate to be tabled at the AGM (the "Appendix"); and
   4. the proxy form.

1. No Despatch of Printed Copies of Documents
   In line with the provisions under the Alternative Arrangements Order, no printed copies of the FY2021 AR, the Notice of AGM, the Appendix and the proxy form will be despatched to shareholders.
   An electronic copy of each of the FY2021 AR, Notice of AGM, Appendix and proxy form have been made available on:
2. 1. the home page of the Company's corporate website (www.singhaiyi.com);
   2. SGXNET; and
   3. the website set up for the purposes of the AGM, at the following URL: conveneagm.sg/singhaiyi.
3. Alternative Arrangements for AGM
4. 1. No physical attendance
      Pursuant to the Alternative Arrangements Order, shareholders will not be allowed to attend the AGM in person.
      Alternative arrangements are instead put in place to allow shareholders to participate in the AGM by:
   2. 1. watching or listening to the AGM proceedings via a "live" webcast. Shareholders who wish to participate as such will have to pre-register in the manner outlined in paragraph 4(ii) below;
      2. submitting questions ahead of the AGM. Please refer to paragraph 4(iii) below for further details; and
      3. voting by proxy at the AGM. Please refer to paragraph 4(iv) below for further details.

1. "Live" webcast
   The AGM proceedings will be conducted via electronic means. Shareholders will be able to watch or listen to the proceedings via a "live" webcast on their mobile phones, tablets or computers. In order to do the above, shareholders will have to follow these steps:
2. 1. Shareholders (including those who hold their shares through relevant intermediaries (including Central Provident Fund ("CPF") or Supplementary Retirement Scheme
      ("SRS") investors)) who wish to watch or listen to the "live" webcast must pre-register on the URL: conveneagm.sg/singhaiyi, to create an account, no later than 10.00 a.m. on 26 July 2021.
      Following authentication of a shareholder's status, such shareholder will receive an email on their authentication status and will be able to access the "live" webcast of the
      AGM proceedings using the account created; and
   2. Shareholders who have pre-registered by 26 July 2021 on 10.00 a.m. but do not receive the aforementioned email by 28 July 2021 on 10.00 a.m. should contact the Company at the following email address: [e-mail], with the following details included: (1) the full name of the shareholder; and (2) his/her/its identification/registration number.

Shareholders are reminded that the AGM proceedings are private. Instructions on access to the "live" webcast of the AGM proceedings should therefore not be shared with anyone who is not a shareholder of the Company or otherwise not authorised to attend the AGM. Recording of the "live" webcast in whatever form is also strictly prohibited.

For optimal user experience, it is recommended that shareholders use the following browser versions when accessing the URL: conveneagm.sg/singhaiyias well as the "live" webcast of the AGM proceedings:

1. • Mozilla Firefox 69 and above; or
   • Safari 12.1.2 and above; or
   • Google Chrome 74 and above; or
   • Microsoft Edge 79 and above.
2. Submission of questions
   Shareholders may also submit questions related to the resolutions to be tabled for approval at the AGM or the Company's businesses and operations.
   All questions must be submitted no later than 10.00 a.m. on 26 July 2021 via any one of the following means:

1. 1. by email to [e-mail]; or
   2. by depositing a physical copy at the registered office of the Company at 6 Shenton Way #45-01 OUE Downtown 1 Singapore 068809; or
   3. the URL: conveneagm.sg/singhaiyi.
2. Voting by proxy
   Shareholders will not be able to vote online at the AGM. Instead, if shareholders (whether individuals or corporates) wish to exercise their votes, they must submit a proxy form to appoint the chairman of the AGM (the "Chairman") to vote on their behalf.
   Shareholders (whether individuals or corporates) appointing the Chairman as proxy must give specific instructions as to his/her/its manner of voting, or abstentions from voting, in the proxy form; failing which, the appointment and votes will be treated as invalid.
   The proxy form must be submitted through any one of the following means not less than forty-eight (48) hours before the time appointed for the AGM:
3. 1. by sending a scanned PDF copy by email to [e-mail]; or
   2. by depositing a physical copy at the registered office of the Company at 6 Shenton Way #45-01 OUE Downtown 1 Singapore 068809; or
   3. via the URL: conveneagm.sg/singhaiyiin the electronic format.

A member of the Company who holds his/her shares through a Relevant Intermediary* (including CPF or SRS investors) and who wish to exercise his/her votes by appointing the Chairman of the Meeting as proxy should approach his/her Relevant Intermediary (including his/her CPF Agent Bank or SRS Approved Bank) to submit his/her voting instructions at least seven (7) working days prior to the date of the AGM.

* "Relevant Intermediary" means:

1. a banking corporation licensed under the Banking Act, Chapter 19 or a wholly-owned subsidiary of such a banking corporation, whose business includes the provision of nominee services and who holds shares in that capacity; or
2. a person holding a capital markets services licence to provide custodial services for securities under the Securities and Futures Act, Chapter 289 and who holds shares in that capacity; or

1. the Central Provident Fund Board established by the Central Provident Fund Act, Chapter 36, in respect of shares purchased under the subsidiary legislation made under that Act providing for the making of investments from the contributions and interest standing to the credit of members of the Central Provident Fund, if the Central Provident Fund Board holds those shares in the capacity of an intermediary pursuant to or in accordance with that subsidiary legislation.

BY ORDER OF THE BOARD

Celine Tang

Group Managing Director

12 July 2021