Yoma Strategic : Response To SGX Queries

RESPONSE TO SGX QUERY ON 18M-SEPT2020 ANNUAL REPORT

The Board of Directors (the "Board") of Yoma Strategic Holdings Ltd. (the "Company") wishes to announce the following in response to a query received from Singapore Exchange Securities Trading Limited (the "SGX-ST") on 1 February 2021 relating to the Company's Annual Report for the 18-month financial period ended 30 September 2020 ("18M-Sept2020Annual Report").

Query:

With reference to the audited consolidated statement of cash flows on pages 101, 102 and 103 of the Company's Annual Report, please provide an explanation for the material difference in the amount of the following item, as compared to the unaudited financial results announcement of the Company for the financial year ended 30 September 2020:-

Net cash provided by operating activities of approximately US$22,637,000, as compared to the amount of US$25,873,000.

Response:

	Unaudited	Audited	Variance
	US$'000	US$'000	US$'000
Net cash provided by operating activities	25,873	22,637	(3,236)
Net cash used in investing activities	(151,686)	(148,450)	3,236

The variance was due to the reclassification of cash flows previously classified as operating activities to investing activities.

Given that the audited cash and bank balances of the Group as at 30 September 2020 remained the same after the above reclassification and that there was no variance between the unaudited and audited consolidated income statement of the Group for 18M-Sept2020, the Company did not make an immediate announcement on this cashflow variance upon the issuance of the audited consolidated financial statements.

BY ORDER OF THE BOARD

Melvyn Pun

Chief Executive Officer

5 February 2021

YOMA STRATEGIC HOLDINGS LTD.

Company Registration No. 196200185E 63 Mohamed Sultan Road #02-14Sultan-Link Singapore 239002 Tel: [phone] Fax: [phone]

www.yomastrategic.com