Fabchem China : Update On Timeline For Completion Of Proposed Acquisition And Proposed Transactions

FABCHEM CHINA LIMITED

(Company Registration No.: 200413128G)

(Incorporated in the Republic of Singapore)

1. UPDATE ON TIMELINE FOR COMPLETION OF THE PROPOSED ACQUISITION OF LINCOTRADE & ASSOCIATES PTE LTD AND THE PROPOSED TRANSACTIONS
2. PROPOSED TRADING HALT

Unless otherwise defined herein or the context otherwise lends itself, all capitalised terms and references shall bear the same meanings as defined in the circular to Shareholders dated 30 June 2022 ("Circular") in relation to, inter alia, the Proposed Acquisition, and the Company's announcements on SGXNET dated 30 June 2022 and 27 July 2022 (collectively, the "Announcements").

1. TIMELINE OF KEY EVENTS

The board of directors ("Board" or "Directors") of Fabchem China Limited ("Company") refers to the Circular and the Announcements and wishes to update Shareholders on the revised timeline for completion of the Proposed Acquisition and Proposed Transactions.

Completion of, inter alia, the Proposed Acquisition, Proposed Issuance of the Consideration Shares, Arranger Shares, FA Shares, Proposed Placement and Proposed Listing Transfer is now expected to take place on 3 August 2022 instead of 4 August 2022as stated at page 26 of the Circular.

Please refer to the indicative timetable below for further information:

	Date			Day			Key Events
3 August 2022		Wed		•	Request for trading halt prior to market open (Please refer to
								paragraph 2 below for more details)
							•	Completion of the Proposed Acquisition, Proposed Allotment
								and Issuance of Shares to Vendors, FA and Arranger,
								Proposed Placement, Proposed Listing Transfer, Proposed
								Appointment of New Directors, Proposed Change of Name and
								Proposed Adoption of New Constitution.
5 August 2022		Fri		•	Crediting of Shares by CDP into the securities accounts of
								Vendors, FA, Arranger and successful placees for the
								Proposed Placement.
							•	Request for lifting of trading half after market close
8 August 2022		Mon		Commencement of trading under Lincotrade & Associates Holdings
							Limited on the Catalist Board and the listing of the Consideration
							Shares, FA Shares, Arranger Shares and Placement Shares.

Shareholders should note that while completion of the Proposed Change of Name and Proposed Listing Transfer will take place on 3 August 2022, the Proposed Change of Name and Proposed Listing Transfer will only take effect and be reflected on SGX's website at www.sgx.comon 8 August 2022.

1. TRADING HALT FOR PROPOSED TRANSACTIONS
   The Board wishes to inform Shareholders that the Company will also be requesting for a trading halt to take effect prior to market open on 3 August 2022 to market close on 5 August 2022 to facilitate the completion of the Proposed Acquisition and Proposed Transactions.
2. FURTHER ANNOUNCEMENTS
   The Company will make further announcements in relation to, inter alia, the Proposed Acquisition, Proposed Placement and Proposed Listing Transfer at the relevant time, as and when there are material developments.
3. CAUTIONARY STATEMENT
   Shareholders and investors are advised that the Proposed Acquisition and the Proposed Transactions as disclosed in the Circular are subject to the satisfaction of the Conditions Precedent in the Agreement between the Company and the Vendor, and there is no certainty or assurance, as at the date of this announcement, as to whether they will be completed. Shareholders and investors should their stockbrokers, solicitors or other professional advisers if they have any doubts about the action they should take.

By Order of the Board

Fabchem China Limited

Wee Phui Gam

Acting Chairman and Lead Independent Director

1 August 2022