Medi Lifestyle Limited: Major Shareholding Change and Financial Support Undertaking

Key Developments in Shareholding Structure and Financial Support

Medi Lifestyle Limited has announced the completion of significant share sales that have resulted in a major change in its controlling shareholder. These transactions, which were previously disclosed in company announcements dated 19 March 2026 and 22 March 2026, have now been finalized. The company confirmed that between 27 March and 28 March 2026, the transfers of relevant shares were completed, resulting in Lingholm Holdings Pte. Ltd. ceasing to hold any shares in Medi Lifestyle Limited.

Key Points for Investors

• Lingholm Holdings Pte. Ltd. No Longer a Shareholder: The exit of Lingholm Holdings Pte. Ltd. marks a significant change in the company’s ownership structure. Investors should note that this means a shift in major shareholding influence.
• New Controlling Shareholder: With these sales, Mr. Chua Yi Hang emerges as the new controlling shareholder, now holding a 25.06% interest in the company.
• Letter of Undertaking for Financial Support: Mr. Chua Yi Hang has provided a formal letter of undertaking, dated 30 March 2026, committing to provide continuing financial support to the Group for at least 12 months from the completion of the share sale. This is a crucial assurance that the Group will be able to meet its financial obligations and continue as a going concern for at least 12 months from 31 December 2025.
• Debt Moratorium: Mr. Chua Yi Hang has also committed in the letter of undertaking that he will not seek repayment of any amounts owing to him by the Group or the Company until they are financially able to make such payments.

Potential Price Sensitive Information

• Change in controlling shareholder and ownership structure is a material event. The departure of a previous major shareholder and the introduction of a new controlling party could influence market perception, strategic direction, and the company’s future prospects.
• Explicit financial backing from the new controlling shareholder provides assurance regarding the company’s solvency and ability to meet obligations, which may positively impact investor confidence and potentially the share price.
• Moratorium on debt repayment to the new controlling shareholder reduces immediate liquidity risks, which is a noteworthy point for investors monitoring the company’s short-term financial health.

Cautionary Statement

The company advises all shareholders and potential investors to read this and forthcoming announcements carefully. If unsure about any actions to take, shareholders are urged to consult their financial, tax, or other professional advisers immediately.

Contact and Regulatory Notes

For further media queries, please contact:
Medi Lifestyle Limited Corporate Communications Department
Jeysie Wong (Mobile: +60 12 708 6005, Email: [email protected])

This announcement has been reviewed by the Company’s sponsor, SAC Capital Private Limited, but has not been examined or approved by the Singapore Exchange Securities Trading Limited (SGX-ST), which assumes no responsibility for the contents of this announcement.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to consider their own circumstances and seek independent professional advice before making any investment decisions. The information is based on disclosures by Medi Lifestyle Limited as at 30 March 2026 and may be subject to change.

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