Serial Achieva Limited: Update on Subscription of New Shares by UFCT Technology Co., Limited

Key Highlights for Investors

• Serial Achieva Limited (the “Company”) is issuing 21,004,873 new ordinary shares to UFCT Technology Co., Limited (the “Subscriber”) as part of a previously announced subscription agreement.
• The Company and the Subscriber have mutually agreed to amend the long-stop date for fulfilling the Conditions Precedent, extending it from 30 April 2026 to 30 May 2026.
• This extension provides the parties with additional time to satisfy all conditions required for the subscription to complete.
• Shareholders and potential investors are advised to note that there is no certainty or assurance that the Proposed Subscription will be completed or that the terms will remain unchanged.

Details of the Subscription Update

The Board of Serial Achieva Limited has announced an important update regarding the share subscription agreement with UFCT Technology Co., Limited. This move is part of the Company’s previously disclosed plan to strengthen its capital base through the issuance and allotment of over 21 million new ordinary shares.

The key change is an extension of the long-stop date — the deadline by which all conditions precedent to the agreement must be met — from 30 April 2026 to 30 May 2026. This gives both the Company and the Subscriber more flexibility and time to ensure all necessary requirements are satisfied for the completion of the transaction.

The Board emphasizes that the outcome of the Proposed Subscription remains uncertain. There remains a risk that the deal may not be completed, or that the terms may be further revised. As this transaction could have a significant impact on the Company’s capital structure and future direction, it is considered price-sensitive information.

Important Information for Shareholders

• Potential Impact on Share Price: The subscription, if completed, will result in the issuance of a substantial number of new shares, which could affect the share price due to changes in share capital and possible dilution of existing holdings.
• Uncertainty of Completion: There is no guarantee that the Proposed Subscription will be completed or that there will be no changes to the terms. Shareholders should remain cautious and monitor further announcements from the Company.
• Recommendation: Shareholders and potential investors are urged to read all related announcements carefully and consult with their professional advisers (such as stockbrokers, bank managers, solicitors, accountants, or tax advisers) if they are unsure about how to proceed.

Next Steps

The Company has committed to providing timely updates to shareholders as and when there are further material developments regarding the Proposed Subscription.

Contact Information

The Company’s sponsor for this transaction is RHT Capital Pte. Ltd. For further queries, shareholders can contact Mr. Khong Choun Mun at 36 Robinson Road, #10-06 City House, Singapore 068877, or via email at [email protected].

Disclaimer: This article is prepared for informational purposes only and does not constitute investment advice. The contents have not been reviewed or approved by the Singapore Exchange Securities Trading Limited, and the Exchange assumes no responsibility for the accuracy or completeness of the information provided. Investors are advised to exercise caution and seek professional advice if in doubt.

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