ST Group Food Industries Holdings Limited – April 2026 Monthly Update

Key Highlights for Investors

• Ongoing Liquidation Proceedings: The Group continues to provide updates on the liquidation processes for four subsidiaries: GCTea Outlets 2B Ltd, GCTea Outlets 2A Ltd, GCTea Ltd, and PPR Ryde (NSW) Pty Ltd (“PPR”).
• No Material Developments: For GCTea Outlets 2B Ltd, GCTea Outlets 2A Ltd, and GCTea Ltd, the Company has reported that there have been no material developments since the last update in March 2026.
• Ongoing Investigations for PPR Ryde (NSW) Pty Ltd: The liquidator is still in the process of finalising investigations into PPR’s affairs, which could be significant should any material findings emerge.
• Commitment to Transparency: The Company has reaffirmed its intention to update shareholders on material developments as and when necessary.

Potentially Price-Sensitive Information for Shareholders

Shareholders should note:

• The absence of material developments in the liquidation processes of three subsidiaries means there is currently no new risk or opportunity impacting the Group’s financial position from these entities.
• The ongoing investigations into PPR Ryde (NSW) Pty Ltd’s affairs by the liquidator may yield findings that could influence the Group’s financials or reputation. While nothing substantive has been disclosed yet, any future material updates could affect share value.

Details of the Update

The Board of Directors of ST Group Food Industries Holdings Limited has issued its latest monthly update regarding the status of several subsidiaries under liquidation. These updates are in compliance with Catalist Rule 704(22) and cover the following entities:

• GCTea Outlets 2B Ltd: No material changes since the March 2026 announcement. Shareholders are advised to refer to previous updates for the current status.
• GCTea Outlets 2A Ltd: Similarly, no new developments have occurred since the last report in March 2026.
• GCTea Ltd: The status remains unchanged, with no material developments since March 2026.
• PPR Ryde (NSW) Pty Ltd (“PPR”): The liquidator is actively finalising investigations into the company’s affairs. No results have been announced yet, but any material findings will be promptly disclosed to shareholders.

Actions for Investors

Vigilance is required: Investors should continue monitoring Company announcements for major updates. While the lack of developments suggests stability, the outcome of PPR’s investigation could be significant, depending on what is uncovered. Any material change will be announced by the Board, which could potentially impact the Group’s financials and share price.

Corporate Governance and Sponsor Review

The announcement has been reviewed by the Company’s Sponsor, Hong Leong Finance Limited. The Exchange has not examined or approved the announcement, and assumes no responsibility for its contents, accuracy, or any statements made therein.

Conclusion

At this point, there are no new developments that are likely to move the share price. However, the status of PPR’s investigation warrants close attention, as any material findings could affect investor sentiment and the Group’s valuation.

Disclaimer

The information provided above is based on the Company’s latest official update. This article does not constitute financial advice and should not be relied upon for investment decisions. Investors are encouraged to conduct their own due diligence and consult with professional advisors before making any investment choices.

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