Reference is made to the announcement of the Semk Holdings International Limited dated 30 March 2022 ("Announcement") in relation to the entering into of the MOU with the JV Partner in relation to the possible establishment of the JV Company. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the Announcement. As disclose in the Announcement, pursuant to the MOU, the Company and the JV Partner shall within two (2) months from the date of the MOU, enter into the JV Agreement to establish the JV Company.

The Board wishes to announce that on 30 May 2022, the Company and the JV Partner has entered into a supplemental memorandum of understanding (the "Supplemental MOU") to extend the time period for the finalization of the JV Agreement to 30 August 2022. Accordingly, the Company and the JV Partner will continue to negotiate of the entering into of the JV Agreement. The Board wishes to emphasize that the Supplemental MOU does not create any legally binding obligations on the parties to the MOU to proceed with the establishment of the JV Company.