Amara : ACRA's approval of AGM extension

Co. Regn. No. 197000732N

EXTENSION OF TIME TO HOLD THE COMPANY'S ANNUAL GENERAL MEETING FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019

The Board of Directors of Amara Holdings Limited (the "Company") refers to its announcement dated 2 April 2020 ("Announcement") in relation to (i) its applications to Singapore Exchange Regulation ("SGX RegCo") and the Accounting and Corporate Regulatory Authority ("ACRA") for an extension of time to hold its Annual General Meeting ("AGM") for the financial year ended 31 December 2019 ("FY 2019"), and an application to ACRA for an extension of time to lodge its annual return for FY 2019; and (ii) SGX RegCo informing it has no objection to granting the Company a time extension of two months till 30 June 2020 to hold the AGM for FY 2019 (the "Waiver") subject to the conditions as stipulated in the Announcement (the "Waiver Conditions").

The Company wishes to announce that ACRA had on 6 April 2020 approved the Company's application for an extension of time to hold its AGM for FY 2019 by 29 June 2020 and to lodge its annual return for FY 2019 by 30 July 2020 ("ACRA Approval").

Based on ACRA Approval, all the Waiver Conditions have been satisfied and the Board of Directors confirms that:

1. The Company has fulfilled the following criteria:
2. 1. its financial year-end is 31 December 2019; and
   2. it has received approval from ACRA to hold its AGM by 29 June 2020;
3. The Waiver will not be in contravention of any laws and regulations governing the Company and its Constitution; and
4. The Company will issue its annual report for FY 2019 to its shareholders and the Singapore Exchange Securities Trading Limited by 15 April 2020.

As informed in the Announcement, the indicative date for convening the AGM will be on or around 9 June 2020. Shareholders should note that the indicative date of the AGM may be subject to further changes based on the evolving COVID-19 situation.

By Order of the Board

Susan Teo Geok Tin / Foo Soon Soo

Company Secretaries

7 April 2020