Tritech Group Limited Provides Update on Proposed Placement and Option Grant

Key Highlights

• Delay in Placement Completion: Tritech Group Limited has announced a delay in the completion of the Tranche 1 Placement, which was originally scheduled to close by 5 May 2026. The delay is due to the Placee requesting more time to complete the banking payment process for the S\$1,000,000 Tranche 1 Placement Consideration.
• Lapse of Existing LQN: As a result of the delay, the Listing and Quotation Notice (LQN) issued on 23 April 2026 will lapse, since the placement shares will not be issued within the required seven (7) market days from the LQN date.
• Ongoing Discussions: The Company is actively discussing with the Placee to establish a revised timeline for the remittance of funds and a consequential extension of the Tranche 1 Cut Off Date.
• Fresh LQN Application: Tritech Group will apply for a new LQN through its Sponsor once the placement consideration is received.
• Shareholder Advisory: Shareholders and potential investors are advised to exercise caution when trading Tritech shares, given the current uncertainty regarding the completion of the placement.
• Continuous Updates Promised: The Company has committed to keeping shareholders updated with further announcements as more information becomes available.

Details for Investors

Tritech Group Limited, together with its subsidiaries, had previously announced a proposed placement and the granting of call and put options as part of a wider strategic transaction.
As per the prior agreements and announcements, the Tranche 1 Placement Shares were to be placed out by 5 May 2026, within seven (7) market days after the receipt of the LQN dated 23 April 2026.

However, the Placee has communicated to the Company that additional time is needed to process the S\$1,000,000 placement consideration due to banking procedures.
This delay means that the required shares will not be issued by the deadline, causing the current LQN to lapse.

Importantly, this means that the proposed capital inflow of S\$1,000,000 will not materialize until further notice, which could impact the Company’s immediate liquidity and funding plans.
The Company is currently negotiating a new timeline with the Placee and will only proceed with the issuance of shares and apply for a new LQN after the funds are received.

The Board, led by Managing Director Dr. Wang Xiaoning (Jeffrey Wang), has emphasized that shareholders and potential investors should exercise caution when dealing in Tritech shares, as the outcome of the placement and the timing of the cash inflow remain uncertain.

The Company’s sponsor, UOB Kay Hian Private Limited, has reviewed this announcement but it has not been examined or approved by the Singapore Exchange Securities Trading Limited (SGX-ST).

Price Sensitive Information

• Potential Impact on Share Price: The delay and uncertainty in the completion of the S\$1,000,000 placement may be considered price-sensitive, as it affects both the Company’s funding and future expansion plans. Investors should note the risk of further delays or changes in the placement terms.
• Future Announcements: Shareholders should closely monitor the Company’s subsequent announcements for updates on the placement process and any changes that may materially affect the Company’s capital structure.

What Should Shareholders Do?

• Exercise caution when trading Tritech shares in light of ongoing uncertainties regarding the placement.
• Review all Company updates and consult with professional advisors if in doubt about investment actions.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, recommendation, or an offer or solicitation to buy or sell any securities. Investors should consult their own professional advisors and review the official Company announcements and disclosures before making any investment decisions. The Singapore Exchange Securities Trading Limited assumes no responsibility for the contents of this article.

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