HealthBank Holdings Limited (Catalist:40B) acquired a 10% stake in Libre Hospitality Limited from Wang Meijia for CNY 5.2 million on December 31, 2021. The Consideration for the Sale Shares is CNY 5.2 million will be satisfied by HealthBank to the Wang through the direct payment from Hainan Fuda to Wang pursuant to a supplemental loan agreement dated 31 December 2021 signed by Health Bank and Hainan Fuda as well as a payment arrangement agreement dated 31 December 2021 signed by Health Bank and Wang. Transaction is subject to the approvals of the Board of the acquirer and the approval from the shareholders of the acquirer in a general meeting, if required, for the transactions contemplated by the SPA having been obtained; all necessary approvals and consents (whether governmental, corporate or otherwise and including from the SGX-ST) which are necessary or required to be obtained under any applicable laws and regulations (whether of Singapore, Hong Kong or the PRC) in respect of the transactions contemplated in the SPA, having been obtained on terms satisfactory to the acquirer.

HealthBank Holdings Limited (Catalist:40B) completed the acquisition of a 10% stake in Libre Hospitality Limited from Wang Meijia on December 31, 2021.