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    42F   SG1BF8000005

YINDA INFOCOMM LIMITED

(42F)
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Asset Acquisitions and Disposals::Proposed Equity Investment in TECH5 SA - Extension of Time to Satisfy Conditions Precedent

09/14/2021 | 10:32pm EDT

YINDA INFOCOMM LIMITED

(Incorporated in the Republic of Singapore)

(Company Registration No. 201506891C)

PROPOSED EQUITY INVESTMENT IN TECH5 SA

    • EXTENSION OF TIME TO SATISFY CONDITIONS PRECEDENT
  1. INTRODUCTION
    The board of directors (the "Board" or the "Directors") of Yinda Infocomm Limited (the "Company", together with the subsidiaries, the "Group") refers to the announcement dated 14 May 2021 in relation to the Proposed Equity Investment and the Proposed Conversion (the "Previous Announcement"). Capitalised terms used but not defined herein shall have the meanings as ascribed to them in the Previous Announcement.
  2. EXTENSION OF TIME TO SATISFY CONDITIONS PRECEDENT
  1. The Board wishes to announce that the parties to the Second Investment Agreement have, on 14 September 2021, mutually agreed to extend the period for satisfaction of the conditions precedent from four (4) months from the date of the Second Investment Agreement (being 14 September 2021) to 22 October 2021 (or such other date as the parties mutually agree).
  2. As at the date of this announcement, the parties are actively involved in fulfilling the remaining conditions precedent to facilitate closing of the Proposed Transactions.
  1. FURTHER ANNOUNCEMENTS
    The Board will make further announcement(s) in relation to the Proposed Transactions as and when required.
  2. CAUTIONARY STATEMENT
    Shareholders should note that the Proposed Transactions remain subject to, amongst others, the relevant conditions precedent being fulfilled. There is no certainty or assurance that the conditions precedent for the Proposed Transactions will be fulfilled or that the Proposed Transactions will be completed. Shareholders, securityholders and investors are advised to read this announcement and any past and future announcements by the Company carefully when dealing with the Shares and securities of the Company. Shareholders, securityholders, and investors should consult their stockbrokers, bank managers, solicitors or other professional advisors if they have any doubt about the actions they should take or when dealing with their Shares or securities of the Company.

BY ORDER OF THE BOARD

Mr. Pierre Prunier

Chief Executive Officer and Executive Director

15 September 2021

1

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 (the "Exchange") and the Exchange 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 Mr. Ong Hwee Li (telephone no.: (65) 6232 3210) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

2

Disclaimer

Yinda Infocomm Ltd. published this content on 15 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2021 02:31:08 UTC.


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Sales 2021 7,27 M 5,37 M 5,37 M
Net income 2021 -7,79 M -5,75 M -5,75 M
Net cash 2021 6,33 M 4,67 M 4,67 M
P/E ratio 2021 -11,4x
Yield 2021 -
Capitalization 206 M 152 M 152 M
EV / Sales 2020 0,63x
EV / Sales 2021 23,6x
Nbr of Employees -
Free-Float 64,4%
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Managers and Directors
Pierre Prunier Chief Executive Officer & Executive Director
Xing Yi Song Non-Independent Non-Executive Chairman
Heng Haw Cheam Lead Independent Director
Eng Hai Aw Independent Director
Hoe Sing Chua Independent Non-Executive Director
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