APPLICATION OF THE UG HEALTHCARE SCRIP DIVIDEND SCHEME TO THE FINAL DIVIDEND OF S$0.00406 PER ORDINARY SHARE, TAX-EXEMPT, FOR THE FINANCIAL YEAR ENDED 30 JUNE 2021

The board of Directors (the "Board") of UG Healthcare Corporation Limited (the "Company" and together with its subsidiaries, the "Group") refers to the Company's announcement dated 29 June 2016 in relation to the adoption of the UG Healthcare Scrip Dividend Scheme (the "Scheme")("Scheme Announcement"), the announcement dated 2 October 2019 in relation to the amendments of the Scheme Announcement and the announcement dated 27 August 2021 in relation to the unaudited financial statements for the financial year ended 30 June 2021 ("FY2021").

The Board is pleased to announce that the Scheme will be applied to the final tax-exempt dividend of S$0.00406 per ordinary share for FY2021 (the "Final Dividend"), which is subject to shareholders' approval at the forthcoming annual general meeting of the Company.

The Scheme provides the Company's shareholders the option to receive the Final Dividend in cash and/or new ordinary shares in the capital of the Company, in respect of their shareholdings as at the record date to be determined at a later date.

Please refer to the Scheme Announcement for further details in relation to the Scheme.

The Company will make a further announcement to update the shareholders on the record date in due course.

By Order of the Board

UG Healthcare Corporation Limited

Lee Keck Keong

Executive Director and CEO

13 September 2021

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This announcement has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Charmian Lim (Telephone no.: (65) 6232 3210) at 1, Robinson Road, #21-00 AIA Tower, Singapore 048542.

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UG Healthcare Corporation Ltd. published this content on 13 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 September 2021 09:51:01 UTC.