General Announcement::Minutes of Annual General Meeting held on 30 July 2021

ECON HEALTHCARE (ASIA) LIMITED (Company Registration Number: 200400965N) (Incorporated in Singapore on 28 January 2004)

MINUTES OF ANNUAL GENERAL MEETING

PLACE	:	"Live" webcast
DATE	: Friday, 30 July 2021
TIME	:	10.00 a.m.
PRESENT	: As set out in the attendance records maintained by the Company.
IN ATTENDANCE	: As set out in the attendance records maintained by the Company.
CHAIRMAN OF THE	:	Ms. Ong Hui Ming
MEETING

CHAIRMAN

The Executive Chairman and Group Chief Executive Officer, Mr. Ong Chu Poh, has nominated the Executive Director and Deputy Chief Executive Officer, Singapore, Ms. Ong Hui Ming ("Chairman of the Meeting") to take the chairmanship for the Annual General Meeting ("AGM").

QUORUM

The Chairman of the Meeting declared that the AGM open at 10.00 a.m. upon confirmation by the Company Secretary that the quorum necessary for a general meeting was present.

INTRODUCTION

The Chairman of the Meeting introduced the Directors present.

NOTICE OF AGM

With the consent of the shareholders present, the notice of the AGM ("Notice") convening the meeting was taken as read.

VOTING BY POLL

The Chairman of the Meeting briefed that in view of the COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture Holders) Order 2020 issued by the Minister of Law on 13 April 2020, shareholders will not be able to vote online at the live AGM Webcast. Instead, shareholders that wish to exercise their votes must submit a proxy form to appoint the Chairman of the AGM to vote on their behalf. Proxy forms lodged have been checked and found to be in order.

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Minutes of Annual General Meeting held on 30 July 2021

The Chairman of the Meeting informed that all resolutions to be tabled at the AGM would be voted upon by way of poll as required under the Listing Manual - Section B: Rules of Catalist ("Catalist Rules") of Singapore Exchange Securities Trading Limited ("SGX-ST"). All the motions had been duly voted by the shareholders through the submissions of the proxy forms to the share registrar and the scrutineer had verified the counting of all votes casted through the proxy forms.

Agile 8 Advisory Pte Ltd was appointed as scrutineers for the poll. In.Corp Corporate Services Pte. Ltd. was appointed as the polling agent.

SUBMISSION OF QUESTIONS FOR THE AGM

The Chairman of the Meeting informed that based on the information provided in the Notice of the AGM dated 14 July 2021, the shareholders will not be able to ask questions at the live webcast AGM. However, the Company had published its responses to substantial and relevant questions relating to the resolutions to be tabled for approval at the AGM, the Company's businesses and operations via SGXNet on 29 July 2021. A copy of the response to substantial and relevant questions from Shareholders is annexed hereto as Appendix 1.

ORDINARY BUSINESS:

1. DIRECTORS' STATEMENT AND AUDITED FINANCIAL STATEMENTS FOR THE

FINANCIAL YEAR ENDED 31 MARCH 2021 - RESOLUTION 1

The meeting proceeded to receive and consider the Directors' Statement and the Audited Financial Statements for the financial year ended 31 March 2021 and the

Auditors' Report thereon.

The voting results for Resolution 1 were as follows:

	Total Votes	Percentage of Total Votes
For the Resolution	215,020,000	100.00
Against the Resolution	0	0
Abstained	0	0

Based on the above result, the Chairman of the Meeting declared the motion carried and it was RESOLVED:

"That the Directors' Statement and the Audited Financial Statements of the Company for the financial year ended 31 March 2021 together with the Auditors' Report thereon be received and adopted."

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Minutes of Annual General Meeting held on 30 July 2021

2. DECLARATION OF A FIRST AND FINAL TAX EXEMPT (ONE-TIER) DIVIDEND FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021 - RESOLUTION 2

The Board of Directors ("Board") recommended a first and final dividend (one-tier tax exempt) of 0.78 Singapore cent per ordinary shares for the financial year ended 31 March 2021.

The voting results for Resolution 2 were as follows:

	Total Votes	Percentage of Total Votes
For the Resolution	215,020,000	100.00
Against the Resolution	0	0
Abstained	0	0

Based on the above result, the Chairman of the Meeting declared the motion carried and it was RESOLVED:

"That the declaration of a First and Final tax exempt (one-tier) Dividend of 0.78 Singapore cent per ordinary share for the financial year ended 31 March 2021 be and is hereby approved."

3. DIRECTORS' FEE FOR THE FINANCIAL YEAR ENDED 31 MARCH 2021- RESOLUTION 3

The Board has recommended Directors' fees amounting to S$41,945.21 for the financial year ended 31 March 2021.

The voting results for Resolution 3 were as follows:

	Total Votes	Percentage of Total Votes
For the Resolution	8,020,000	100.00
Against the Resolution	0	0
Abstained	207,000,000	N/A

Based on the above result, the Chairman of the Meeting declared the motion carried and it was RESOLVED:

"That the payment of the Directors' fees of S$41,945.21 for the financial year ended 31 March 2021, be approved for payment."

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Minutes of Annual General Meeting held on 30 July 2021

4. DIRECTORS' FEE FOR THE FINANCIAL YEAR ENDING 31 MARCH 2022, TO BE PAID ANNUALLY IN ARREARS - RESOLUTION 4

The Board has recommended Directors' fees amounting to S$71,000 for the financial year ending 31 March 2022, to be paid annually in arrears.

The voting results for Resolution 4 were as follows:

	Total Votes	Percentage of Total Votes
For the Resolution	8,020,000	100.00
Against the Resolution	0	0
Abstained	207,000,000	N/A

Based on the above result, the Chairman of the Meeting declared the motion carried and it was RESOLVED:

"That the payment of the Directors' fees of S$71,000 for the financial year ending 31 March

2022, payable annually in arrears, be approved for payment."

5. RE-ELECTION OF MR. ONG CHU POH AS A DIRECTOR - RESOLUTION 5

Mr. Ong Chu Poh ("Mr. Ong") who was retiring as a Director of the Company in accordance with Regulation 100 of the Company's Constitution, had signified his consent to continue in office.

Mr. Ong, upon re-election as a Director of the Company, remains as Executive Director and Group Chief Executive Officer of the Company.

The voting results for Resolution 5 were as follows:

	Total Votes	Percentage of Total Votes
For the Resolution	215,020,000	100.00
Against the Resolution	0	0
Abstained	0	0

Based on the above result, the Chairman of the Meeting declared the motion carried and it was RESOLVED:

"That Mr. Ong, who retired from office in accordance with Regulation 100 of the Constitution of the Company and being eligible, offered himself for re-election, be and is hereby re-elected as a Director of the Company."

6. RE-ELECTION OF MR. SIAU KAI BING AS A DIRECTOR - RESOLUTION 6

Mr. Siau Kai Bing ("Mr. Siau") who was retiring as a Director of the Company in accordance with Regulation 100 of the Company's Constitution, had signified his consent to continue in office.

Mr. Siau, upon re-election as a Director of the Company, remains as the Lead Independent Director, the Chairman of the Audit Committee, a member of the Nominating Committee and the Remuneration Committee of the Company. The Board

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Minutes of Annual General Meeting held on 30 July 2021
considers Mr. Siau to be independent for the purpose of Rule 704(7) of the Catalist
Rules.
The voting results for Resolution 6 were as follows:
			Total Votes	Percentage of Total Votes
	For the Resolution		215,020,000	100.00
	Against the Resolution		0	0
	Abstained		0	0

Based on the above result, the Chairman of the Meeting declared the motion carried and it was RESOLVED:

"That Mr. Siau, who retired from office in accordance with Regulation 100 of the Constitution of the Company and being eligible, offered himself for re-election, be and is hereby re-elected as a Director of the Company."

7. RE-ELECTION OF MR. LIM YIAN POH AS A DIRECTOR - RESOLUTION 7

Mr. Lim Yian Poh ("Mr. Lim") who was retiring as a Director of the Company in accordance with Regulation 100 of the Company's Constitution, had signified his consent to continue in office.

Mr. Lim, upon re-election as a Director of the Company, remains as an Independent Director, the Chairman of the Nominating Committee, a member of the Audit Committee and Remuneration Committee. The Board considers Mr. Lim to be independent for the purpose of Rule 704(7) of the Catalist Rules.

The voting results for Resolution 7 were as follows:

	Total Votes	Percentage of Total Votes
For the Resolution	215,020,000	100.00
Against the Resolution	0	0
Abstained	0	0

Based on the above result, the Chairman of the Meeting declared the motion carried and it was RESOLVED:

"That Mr. Lim, who retired from office in accordance with Regulation 100 of the Constitution of the Company and being eligible, offered himself for re-election, be and is hereby re-elected as a Director of the Company."

8. RE-ELECTION OF DR. ONG SEH HONG AS A DIRECTOR - RESOLUTION 8

Dr. Ong Seh Hong ("Dr. Ong") who was retiring as a Director of the Company in accordance with Regulation 100 of the Company's Constitution, had signified his consent to continue in office.

Dr. Ong, upon re-election as a Director of the Company, remains as an Independent Director, the Chairman of the Remuneration Committee, a member of the Audit Committee and the Nominating Committee of the Company. The Board considers Dr. Ong to be independent for the purpose of Rule 704(7) of the Catalist Rules.