LHN Limited Announces Cessation of Stabilising Actions Following Successful Spin-Off and Listing of Coliwoo Holdings

Key Highlights

• Spin-off and Successful Listing: LHN Limited has successfully spun off its subsidiary, Coliwoo Holdings Limited, which is now listed on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST).
• Stabilising Actions Ceased: Maybank Securities Pte. Ltd., as the stabilising manager, has ceased all price stabilising actions for Coliwoo Holdings as of the close of trading on 13 November 2025.
• Over-allotment Fully Covered: A total of 16,000,000 Coliwoo Holdings shares were purchased during the stabilisation period to cover the over-allotment, and the Over-allotment Option will not be exercised.
• Share Lending Agreement: LHN Group Pte. Ltd. (LHNGPL), a wholly-owned subsidiary of LHN Limited and controlling shareholder of Coliwoo Holdings, had lent 16,000,000 shares to the Stabilising Manager. These will be returned within 10 business days, restoring LHN Limited’s indirect shareholding in Coliwoo Holdings to 65.00%.

Details of the Spin-Off and Listing

The board of directors of LHN Limited referenced multiple prior announcements regarding the spin-off and successful listing of Coliwoo Holdings Limited. Coliwoo Holdings’ shares began trading on the SGX-ST, with the process involving the undertaking of price stabilising actions by Maybank Securities Pte. Ltd. as the stabilising manager.

The stabilising manager purchased a total of 16,000,000 shares to support the share price and cover the over-allotment made during the offering. As a result of these purchases, there is no need to exercise the Over-allotment Option that was granted by LHNGPL to the joint bookrunners and underwriters.

Implications for Shareholders

• Return of Shares to LHNGPL: With the conclusion of stabilisation activities, the 16,000,000 shares lent by LHNGPL for the purpose of settlement of the over-allotment will be returned within 10 business days. Upon return, LHN Limited’s indirect interest in Coliwoo Holdings will stand at 65.00%.
• Impact on Share Price: The cessation of stabilising actions means that the share price of Coliwoo Holdings will no longer benefit from artificial market support provided by the stabilising manager. This could lead to increased volatility and price movement in the near term, as the market finds its natural equilibrium.
• Potential Price Sensitivity: Investors should note that the end of stabilising actions and the restoration of LHN Limited’s stake in Coliwoo Holdings could be price sensitive. Any significant movements in Coliwoo Holdings’ share price, now that stabilisation has ceased, may also impact LHN Limited due to its substantial holding.
• Investor Caution Advised: LHN Limited has reminded shareholders and potential investors to exercise caution when dealing in its securities and to seek professional advice if in doubt.

General Notes

This announcement does not constitute an offer to sell or a solicitation of an offer to buy any securities in Singapore, the United States, or elsewhere. It is intended solely for informational purposes and is qualified by the full details set out in the official prospectus of Coliwoo Holdings, registered on 28 October 2025.

Conclusion

The successful completion of the spin-off and listing of Coliwoo Holdings, along with the cessation of stabilising actions and the return of shares to LHNGPL, represent key milestones for LHN Limited. These developments could lead to increased share price volatility for both Coliwoo Holdings and LHN Limited, making this a significant event for current and prospective investors.

Disclaimer

This article is for informational purposes only and does not constitute investment advice or an offer to buy or sell any securities. Investors are advised to consult their professional advisors before making any investment decisions. The information is based on public disclosures and may be subject to change.

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