Change - Change in Corporate Information::VOLUNTARY WINDING UP OF A DORMANT SUBSIDIARY - APPOINTMENT OF LIQUIDATOR

REX INTERNATIONAL HOLDING LIMITED

(Company Number: 201301242M)

(Incorporated in the Republic of Singapore)

VOLUNTARY WINDING UP OF A DORMANT SUBSIDIARY - APPOINTMENT OF LIQUIDATOR

The Board of Directors (the "Board") of Rex International Holding Limited (the "Company" or "Rex" and together with its subsidiaries, the "Group") wishes to inform shareholders of the Company that the Group has today appointed a liquidator in connection with the commencement of the voluntary winding up of Rex Caribbean Holding Ltd. Rex Caribbean Holding Ltd is a dormant indirect wholly- owned subsidiary of the Company incorporated in the British Virgin Islands (the "Liquidation").

The Liquidation is not expected to have any material impact on the consolidated earnings per share or net tangible assets per share of the Group for the current financial year ending 31 December 2021.

Save for their interests in the Company, none of the Directors or controlling shareholders of the Company has any interest, direct or indirect, in the Liquidation.

BY ORDER OF THE BOARD OF

Rex International Holding Limited

Dan Broström

Executive Director and Chairman

20 October 2021

This announcement has been prepared by the Company and reviewed by the Company's sponsor, Novus Corporate Finance Pte. Ltd. (the "Sponsor"), in compliance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX- ST") Listing Manual Section B: Rules of Catalist.

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 Sponsor has also not drawn on any specific technical expertise in its review of this announcement.

The contact person for the Sponsor is Mr Pong Chen Yih, Chief Operating Officer, 7 Temasek Boulevard, #18-03B Suntec Tower 1, Singapore 038987, telephone [phone].