Asset Acquisitions And Disposals :: Ext Of Long-Stop Date For Completion Of Proposed Acquisition Of Lincotrade & Associates Pte Ltd

FABCHEM CHINA LIMITED

(Company Registration No.: 200413128G)

(Incorporated in the Republic of Singapore)

EXTENSION OF LONG-STOP DATE FOR COMPLETION OF PROPOSED ACQUISITION OF LINCOTRADE & ASSOCIATES PTE LTD

The board of directors ("Board" or "Directors") of Fabchem China Limited ("Company") refers to its announcement of 22 April 2021 in relation to the sale and purchase agreement entered into with the Vendors for the Proposed Acquisition ("Announcement"). Unless otherwise defined herein, all capitalised terms and references shall bear the same meanings as defined in the Announcement.

The Board wishes to announce that the Parties have mutually agreed in writing to extend the Long-Stop Date for Completion of the Proposed Acquisition from 22 April 2022 to 30 September 2022.

The Company will make further announcements in relation to the Proposed Acquisition, RTO and Proposed Transfer to Catalist as and when there are material developments.

Shareholders and investors are advised to exercise caution when dealing in their Shares and to read this announcement and any further announcement by the Company carefully, as the Proposed Acquisition, RTO and Proposed Transfer to Catalist are subject to the satisfaction of the Conditions Precedent in the Agreement and there is no certainty or assurance, as at the date of this announcement, as whether they may proceed to completion. Shareholders and investors should consult their stockbrokers, solicitors or other professional advisers if they have any doubts about the action they should take.

By Order of the Board

Fabchem China Limited

Wee Phui Gam

Acting Chairman and Lead Independent Director 22 April 2022