Key Facts:

• Rights Issue: Aspial Lifestyle Limited has proposed a renounceable non-underwritten rights issue of up to 311,843,500 new ordinary shares.
• Issue Price: Each rights share is priced at S$0.12.
• Allotment Ratio: Shareholders are entitled to one rights share for every five existing shares held, with fractional entitlements disregarded.
• Record Date: The record date for determining shareholders’ eligibility will be announced later.
• Discount: The issue price represents a discount of approximately 4.76% to the closing price of S$0.126 on August 21, 2024.
• Purpose of Funds: Net proceeds of approximately S$37.22 million will be used for repaying bank borrowings (29.55%) and general working capital (70.45%).
• Approval: The Singapore Exchange (SGX-ST) approved the listing and quotation of the new shares on August 29, 2024.

Investor Actions:

• Eligible shareholders should monitor the upcoming announcement of the record date to determine their participation in the rights issue.
• Consider the opportunity to participate in the rights issue at a discount to the market price.

Notable Points:

• The rights issue aims to strengthen the company’s financial position and reduce its gearing ratio.
• Controlling shareholder Aspial Corporation Limited intends to subscribe to its pro-rata entitlement.

Dates and Price Information:

• Last Trading Day: August 21, 2024.
• Issue Price: S$0.12 per share.
• Listing and Quotation Notice Received: August 29, 2024.