VCPLUS LIMITED

(Formerly known as Anchor Resources Limited) (Company Registration Number 201531549N)

(Incorporated in the Republic of Singapore)

CHANGE OF COMPANY NAME TO "VCPLUS LIMITED"

The board of directors (the "Board" or "Directors") of Anchor Resources Limited (the "Company", and together with its subsidiaries, the "Group") refers to its circular to shareholders dated 7 April 2021 in relation to, inter alia, the proposed change of name of the Company from "Anchor Resources Limited" to "VCPlus Limited" (the "Proposed Change of Name").

Further to the extraordinary general meeting of the Company held on 29 April 2021 where the special resolution relating to the Proposed Change of Name was duly passed, the Board wishes to announce that the Notice of Special Resolution for Change of Name has been lodged with the Accounting and Corporate Regulatory Authority ("ACRA") on 29 April 2021 and ACRA has issued the Notice of Change of Name to confirm that the Company had resolved to change its name to "VCPlus Limited" with effect from 29 April 2021.

The Company will be arranging with the Singapore Exchange Securities Trading Limited ("SGX-ST") to change both its English and Chinese trading counter names on the SGX-ST. The Company will make such further announcements to update the shareholders of the Company of any material developments in respect of the above as and when appropriate.

By Order of the Board

Mr. Chua Ser Miang

Non-Executive Chairman and Lead Independent Director

29 April 2021

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the 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 Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

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Anchor Resources Ltd. published this content on 29 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2021 14:05:03 UTC.