Serial Achieva Limited Updates Shareholders on Subscription Agreement with UFCT Technology Co., Limited

Key Developments in Share Subscription

Serial Achieva Limited (the “Company”), together with its subsidiaries (the “Group”), has announced a significant update regarding its ongoing share subscription agreement with UFCT Technology Co., Limited (the “Subscriber”).

• On 11 March 2026, Serial Achieva Limited entered into a subscription agreement with UFCT Technology Co., Limited for the issuance and allotment of 21,004,873 new ordinary shares in the Company.
• As of 17 April 2026, both parties have agreed to extend the long-stop date to fulfil the Conditions Precedent from 30 April 2026 to 30 May 2026. This amendment suggests ongoing negotiations or requirements that need more time to be completed.

Potential Impact and Price-Sensitive Information

Shareholders and potential investors should note that:

• There is no certainty or assurance that the proposed subscription will be completed as planned, nor that the terms will remain unchanged. The extension of the long-stop date could indicate unresolved issues or negotiations that may affect the outcome of the deal.
• This proposed issuance represents a significant number of new shares, which could have a material impact on the Company’s share capital base and potentially affect the share price, depending on the final terms and completion of the transaction.
• Any changes to the subscription agreement, or if the agreement is not completed, may result in market volatility or impact investor sentiment regarding the Company’s future prospects.

Next Steps for Investors

The Company has advised shareholders and potential investors to exercise caution when dealing in the Company’s shares, as the completion of the Proposed Subscription is not guaranteed. Investors are encouraged to monitor further announcements from Serial Achieva Limited regarding any material updates or changes to the terms of the subscription.

Where there is doubt about what action to take, investors are strongly advised to consult with their professional advisers, including stockbrokers, bank managers, solicitors, accountants, or tax advisers.

Other Notable Information

• This announcement has been reviewed by the Company’s sponsor, RHT Capital Pte. Ltd., but has not been examined or approved by the Singapore Exchange Securities Trading Limited (SGX-ST). The Exchange assumes no responsibility for the contents of this document.
• The contact person for the sponsor is Mr. Khong Choun Mun at RHT Capital Pte. Ltd., 36 Robinson Road, #10-06 City House, Singapore 068877, Email: [email protected].

Conclusion

The extension of the long-stop date for fulfilling the Conditions Precedent related to the substantial issuance of new shares to UFCT Technology Co., Limited is a key development for Serial Achieva Limited. This update is potentially price-sensitive and could influence the Company’s share value, depending on the eventual outcome. Investors should stay alert for further updates and assess any new disclosures carefully.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult their own professional advisers before making any investment decisions. Serial Achieva Limited and its sponsors do not guarantee the completion of the proposed subscription or the accuracy of forward-looking statements contained herein.

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