Detailed Summary for Investors

Polaris Ltd., a Singapore-incorporated company, has formally announced that its board of directors has received notification from Nan Kai Textiles (Private) Limited regarding the exercise of the Option to Purchase for the company’s investment property located at 81 Ubi Avenue 4 #03-12 UB. One Singapore 408830.

The Option to Purchase was granted by Polaris Ltd. as part of its strategic divestment initiative. On 26 February 2026, Nan Kai Textiles exercised the option, confirming the purchase of the property. In accordance with the terms of the agreement, Polaris Ltd. has received 5% of the total consideration from the Purchaser as a deposit. The remaining 95% will be paid on the completion date, which is scheduled for 20 April 2026.

The board has indicated that further updates will be provided if there are any material developments related to the Proposed Sale. Investors should note that the successful completion of this transaction will have financial implications for the company, potentially impacting its balance sheet and cash position. The sale of an investment property may result in a one-off gain or loss, depending on the sale price relative to the book value of the asset. Such transactions could influence the share price due to changes in the company’s asset and cash positions, and may also affect future earnings.

Shareholders should be aware that the completion of the sale is contingent upon the Purchaser fulfilling its payment obligations. If there are any changes or delays in the completion, it could affect the company’s financial outlook. The board has committed to providing timely updates should there be any new developments.

The announcement also notes that the document has been reviewed by the company’s sponsor, Evolve Capital Advisory Private Limited, but has not been examined or approved by the Singapore Exchange Securities Trading Limited.

Potential Price Sensitivity

• The sale of a significant investment property is a material event and may influence the valuation of Polaris Ltd. shares.
• Investors should monitor further announcements for updates on completion and any financial impact arising from the sale.
• Completion is scheduled for 20 April 2026, but is subject to the Purchaser fulfilling payment obligations.

Contact Information

For further information, investors may contact the Sponsor, Evolve Capital Advisory Private Limited, at 160 Robinson Road, #20-01/02, SBF Center, Singapore 068914. The contact person is Mr Jerry Chua, Tel: (65) 6241 6626.

Disclaimer

This article is based on publicly available information provided by Polaris Ltd. No part of this article constitutes financial advice, and investors are urged to conduct their own research and seek professional guidance before making any investment decisions. The Singapore Exchange Securities Trading Limited has not examined or approved this announcement and assumes no responsibility for its contents.

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