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ASIAN HEALTHCARE SPECIALISTS LIMITED

(Incorporated in the Republic of Singapore)

(Company Registration No. 201727543R)

RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 21 JULY 2021

The Board of Directors (the "Board") of Asian Healthcare Specialists Limited (the "Company") is pleased to announce that both resolutions as set out in the Company's Notice of Extraordinary General Meeting ("EGM") dated 6 July 2021 were duly passed at the EGM of the Company held via webcast and audio feed on 21 July 2021.

The information as required under Rule 704(15) of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited ("Catalist Rules") is set out below:

  1. Breakdown of all valid votes cast at the EGM
    The results of the poll on each of the resolutions put to vote at the EGM are set out below:

Resolution number and details

Total

For

Against

number of

Number of

As a

Number

As a

shares

shares

percentage

of shares

percentage

represented

of total

of total

by votes for

number of

number of

and against

votes for

votes for

the relevant

resolution

and against

and against

the

the

resolution

resolution

(%)

(%)

Ordinary Resolution 1

Proposed acquisition of the

261,447,988

261,287,788

99.94

160,200

0.06

remaining 49.0% interest in the

Company's

subsidiary,

Cornerstone Asia Health Pte. Ltd.

("Proposed Acquisition"), under

Chapter 9 of the Catalist Rules

Ordinary Resolution 2

Proposed allotment and issuance

261,447,988

261,287,788

99.94

160,200

0.06

of 72,972,973

Consideration

Shares in the capital of the

Company at an

issue price of

S$0.185 for each Consideration

Share under Rule 805(1) of the

Catalist Rules as part of the

purchase consideration pursuant

to the Proposed Acquisition, of

which 22,059,989

Consideration

Shares are to be issued to Dr.

Cheng Ching Li, Bobby under Rule

804 and Rule 812 of the Catalist

Rules

1

  1. Details of parties who are required to abstain from voting on any resolution(s), including the number of shares held and the individual resolution(s) on which they are required to abstain from voting
    Ordinary Resolutions 1 and 2
    Pursuant to Rule 919 of the Catalist Rules, an interested person and any associate of the interested person must abstain from voting on the resolution approving the interested person transactions involving themselves and their associates.
    Rule 804 of the Catalist Rules provides that a director and his associates must abstain from voting on any shareholders' resolutions approving the specific allotment to such director or his associates.
    In addition, Rule 812(2) of the Catalist Rules provides that persons falling under Rule 812(1) of the Catalist Rules and their associates must abstain from voting on any shareholders' resolutions approving the placement to themselves.
    Accordingly, Dr. Cheng Ching Li, Bobby, who holds an aggregate of 27,360,838 ordinary shares in the Company ("Shares"), representing 5.78% of the total Shares (excluding treasury shares), had abstained from voting on Ordinary Resolutions 1 and 2.
  2. Name of firm appointed as scrutineer
    DrewCorp Services Pte Ltd was appointed as the scrutineer for the conduct of poll at the EGM.

By Order of the Board of

Asian Healthcare Specialists Limited

Dr. Chin Pak Lin

Executive Director and Chief Executive Officer

21 July 2021

This announcement has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, RHT Capital Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

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 Mr Mah How Soon - Registered Professional, 6 Raffles Quay #24-02, Singapore 048580, sponsor@rhtgoc.com.

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Asian Healthcare Specialists Ltd. published this content on 21 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2021 09:58:07 UTC.