Response to Query Regarding Trading Activity::

ASPEN (GROUP) HOLDINGS LIMITED

Company Registration No.: 201634750K

(Incorporated in the Republic of Singapore)

RESPONSE TO SGX'S QUERIES REGARDING TRADING ACTIVITY

The Board of Directors (the "Board") of Aspen (Group) Holdings Limited (the "Company" and together with its subsidiaries, the "Group") refers to the queries from the Singapore Exchange Securities Trading Limited ("SGX-ST") on 1 July 2021 regarding unusual price movements in the shares of the Company. The Company sets out below its responses to the said queries:

No.	Question		Company's Response
1.	Are you (the issuer) aware of any information not	The	Company is not aware of
	previously announced concerning you, your	any	information	not previously
	subsidiaries or associated companies which, if known,	announced	concerning	the
	might explain the trading? Such information may	Company,	its	subsidiaries	or
	include events that are potentially material and price-	associated companies which, if
	sensitive, such as discussions and negotiations that	known, might explain the trading.
	may lead to joint ventures, mergers, acquisitions or
	purchase or sale of a significant asset. You may refer
	to paragraph 8 in Appendix 7.1 of the Mainboard
	Rules for further examples. - If yes, the information
	shall be announced immediately.
2.	Are you aware of any other possible explanation for	The Company is not aware of
	the trading? Such information may include public	any	other	possible explanation
	circulation of information by rumours or reports.	for the unusual price movements
		in the shares of the Company on
		the SGX-ST today.
3.	Can you confirm your compliance with the listing rules	The Company is in compliance
	and, in particular, Mainboard Rule 703?	with the listing rules and, in
		particular, Mainboard Rule 703.

BY ORDER OF THE BOARD

Aspen (Group) Holdings Limited

Dato' Murly Manokharan

President and Group Chief Executive Officer

1 July 2021