On November 16, 2020, Teckwah Industrial Corporation Ltd announced that the announcement dated November 16, 2020 by Oversea-Chinese Banking Corporation Limited, for and on behalf of Clementine Investments Pte. Ltd. (the Offeror), in relation to the exercise by the Offeror of its right of compulsory acquisition under Section 215(1) of the Companies Act (Chapter 50 of Singapore) (the Compulsory Acquisition); and the announcement dated November 19, 2020 by the Company in relation to the receipt of the approval-in-principle from the Singapore Exchange Securities Trading Limited (SGX-ST) for the delisting of the Company from the SGX-ST. In addition, the Company stated that the Board wishes to announce that with the completion of the Compulsory Acquisition, the Company will be delisted from the official list of the SGX-ST with on November 24, 2020.