ST Group Food Industries Holdings Limited Provides Monthly Update on Subsidiary Liquidations

Key Points for Investors

• The Board of Directors of ST Group Food Industries Holdings Limited (“ST Group” or “the Company”) has issued a detailed monthly update regarding ongoing creditors’ voluntary liquidations of several indirect subsidiaries in the United Kingdom and Australia.
• This update references several prior announcements concerning the liquidations of GCTea Outlets 2B Ltd, GCTea Ltd, GCTea Outlets 2A Ltd (all in the UK), and PPR Ryde (NSW) Pty Ltd in Australia.
• As of 22 December 2025, there are no material developments for the UK subsidiaries since the last update. However, investigations into the affairs of the Australian subsidiary, PPR Ryde (NSW) Pty Ltd, are ongoing.

Details of the Liquidations and Current Status

Background and Timeline

• The Company previously announced the commencement of creditors’ voluntary winding up for the following indirect subsidiaries:
  • GCTea Outlets 2B Ltd (UK)
  • GCTea Ltd (UK)
  • GCTea Outlets 2A Ltd (UK)
  • PPR Ryde (NSW) Pty Ltd (Australia)
• Monthly updates have been provided as per Catalist Rule 704(22) to keep shareholders informed of material developments.

Current Update (as of 22 December 2025)

• GCTea Outlets 2B Ltd (UK), GCTea Ltd (UK), GCTea Outlets 2A Ltd (UK):
  • There have been no material developments in the liquidations of these subsidiaries since the previous update in November 2025.
• PPR Ryde (NSW) Pty Ltd (Australia):
  • The liquidator is carrying out standard investigations into the affairs of PPR Ryde (NSW) Pty Ltd as part of the liquidation process.
  • These investigations are ongoing, and no further material information has been disclosed at this time.

Implications and Potential Share Price Impact

• Potential Impact on Shareholders:
  • The absence of new developments in the UK subsidiaries’ liquidations suggests there are currently no additional risks or recoveries related to these entities.
  • The ongoing investigation into PPR Ryde (NSW) Pty Ltd may lead to future disclosures that could be material or price sensitive, depending on the findings or any unexpected outcomes.
  • The market may react to any future announcements that detail recoveries, losses, or unexpected liabilities arising from the ongoing investigations.
  • Shareholders are advised to monitor future updates closely, as any significant findings in the liquidation processes could influence the Company’s financial position and, consequently, its share value.
• No Immediate Price-Sensitive Information:
  • Based on the current announcement, there are no new material developments that would be expected to significantly move the share price at this time.

Next Steps

• The Company has committed to making further announcements to update shareholders on any material developments as and when they arise.
• Shareholders should remain alert for future updates relating to the outcomes of the ongoing investigations into PPR Ryde (NSW) Pty Ltd.

Disclaimer

This article is for informational purposes only and should not be construed as investment advice. The contents are based on the latest public disclosures by ST Group Food Industries Holdings Limited as of 22 December 2025. Investors are advised to conduct their own due diligence or consult a licensed financial adviser before making any investment decisions. The Company’s Sponsor, Hong Leong Finance Limited, has reviewed the announcement but the Exchange assumes no responsibility for the contents.

View ST Group Food Historical chart here