TOTM Technologies Limited (Catalist:42F) entered into a sale and purchase agreement to acquire 49% of International Biometrics Pte. Ltd. from SIES Investec Inc., Brandneu Investment Ltd, Prundjaya Capital Pte. Ltd., Professional Calibre Limited and No Ka Oi Private Ltd for SGD 66 million on October 17, 2022. The purchase consideration will be satisfied by cash or through the allotment and issue of of 365,365,000 new Shares and by an earn-out consideration amount of up to SGD 15 million to be paid through the allotment and issue of up to 105,105,000 new Shares. The Proposed Acquisition is subject to the approval of the shareholders of the TOTM Technologies Limited (Catalist:42F). On 22 December 2022, received the listing and quotation notice (the “LQN”) from the SGX-ST for the listing of and quotation for up to 470,470,000 Total Consideration Shares and up to 28,228,200 Introducer Shares on the Catalist, subject to compliance with the SGX-ST's listing requirements.

TOTM Technologies Limited (Catalist:42F) completed the acquisition of remaining 49% of International Biometrics Pte. Ltd. from SIES Investec Inc., Brandneu Investment Ltd, Prundjaya Capital Pte. Ltd., Professional Calibre Limited and No Ka Oi Private Ltd on January 10, 2023.