Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the Circular dated 23 February 2023 in relation to the Proposed Listing.

We refer to the earlier announcement dated 26 August 2021, 24 December 2021, 26 January 2022, 27 January 2023, 17 March 2023 and 3 July 2023 in relation to the Proposed Listing.

The Board wishes to announce that LYCSG and ZICO Capital, the Sponsor and Issue Manager for the Proposed Listing have agreed to discontinue ZICO Capital's services as the Sponsor and Issue Manager for the Proposed Listing.

Further, the Board wishes to inform that LYCSG has appointed Evolve Capital Advisory Private Limited as the new Sponsor for the Proposed Listing with effect from 30 October 2023.

This announcement is dated 30 October 2023.