Ever Glory United Holdings Limited: Receipt of Listing and Quotation Notice for Public Offering & Mainboard Transfer

Key Highlights for Investors

• Public Offer of Up to 2,000,000 New Shares: Ever Glory United Holdings Limited (“EGU” or “the Company”) is proceeding with a public offer of up to 2,000,000 new shares. This move follows recent announcements and a circular to shareholders regarding a potential transfer from the Catalist Board to the Mainboard of the Singapore Exchange (SGX-ST).
• Receipt of Listing and Quotation Notice (LQN): On 10 December 2025, EGU received the listing and quotation notice from SGX-ST for the offer shares, subject to compliance with listing requirements. The LQN is a necessary regulatory step for the shares to be traded on SGX-ST, but does not constitute an endorsement of the offer’s merits.
• Proposed Transfer to SGX-ST Mainboard: The Company is seeking approval to migrate its listing from the Catalist Board to the Mainboard, a move that generally signals growth, improved profile, and potentially greater liquidity for shareholders. The Extraordinary General Meeting (EGM) to approve this transfer is scheduled for 22 December 2025.
• Share Issue Mandate: Alongside the transfer, shareholders are asked to approve a new share issue mandate, potentially allowing the company to raise further capital in future.

Important Information for Shareholders

• Price Sensitivity: The proposed public offer and transfer to the Mainboard are both significant events that may affect the share price. The Mainboard listing can enhance visibility, attract institutional investors, and improve trading liquidity.
• No Certainty Yet: As of the announcement date, there is no guarantee that the Mainboard transfer will be approved at the upcoming EGM, nor that the public offer will be completed. Investors should be aware that both initiatives are still subject to shareholder and regulatory approvals.
• Ongoing Updates: Management has committed to keeping shareholders and the market updated with further developments regarding the public offer and Mainboard transfer.
• Caution Advised: Investors are urged to exercise caution when trading EGU shares until all approvals are secured and the outcome of the public offer and Mainboard transfer is confirmed. Consultation with professional advisers is recommended for those unsure about their investment actions.
• Regulatory Oversight: The announcement has been reviewed by the Company’s sponsor, Novus Corporate Finance Pte. Ltd., but not by the Singapore Exchange itself.
• Contact Information: For further queries, investors can reach the Sponsor’s contact person, Mr. Pong Chen Yih, Chief Operating Officer, Novus Corporate Finance Pte. Ltd., at 7 Temasek Boulevard, #04-02 Suntec Tower 1, Singapore 038987, Tel: (65) 6950 2188.

Summary and Potential Impact

The upcoming public offer and proposed transfer to the SGX-ST Mainboard represent major developments for Ever Glory United Holdings Limited. If successful, these actions could improve the Company’s market profile, liquidity, and access to capital, all of which are positive for existing and prospective shareholders. However, the outcome remains uncertain and subject to shareholder and regulatory approval at the EGM scheduled for 22 December 2025. Investors should monitor further announcements closely, as any material developments could have a direct impact on share price and trading activity.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Shareholders and investors are strongly advised to read the full Offer Information Statement (OIS), consult with licensed financial advisers, and consider their own circumstances before making any investment decisions. The Singapore Exchange has not reviewed nor approved the contents of this article.

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