Sarine Technologies Ltd.

Major Shareholding Notification • May 19, 2025

SECURITIES AND FUTURES ACT (CAP. 289) SECURITIES AND FUTURES (DISCLOSURE OF INTERESTS) REGULATIONS 2012

NOTIFICATION FORM FOR SUBSTANTIAL SHAREHOLDER(S)/ UNITHOLDER(S) IN RESPECT OF INTERESTS IN SECURITIES

FORM (Electronic Format)

Explanatory Notes

• 1. Please read the explanatory notes carefully before completing the notification form.
• 1. This form is for a Substantial Shareholder(s)/Unitholder(s)/Unitholder(s)/to give notice under section 135, 137, 137J (as applicable to sections 135, 136 and 137) or 137U (as applicable to sections 135, 136 and 137) of the Securities and Futures Act (the "SFA").
• 1. This electronic Form 3 and a separate Form C, containing the particulars and contact details of the Substantial Shareholder(s), must be completed by the Substantial Shareholder(s)/ Unitholder(s) or a person duly authorised by the Substantial Shareholder(s)/Unitholder(s) to do so. The person so authorised should maintain records of information furnished to him by the Substantial Shareholder(s)/Unitholder(s).
• 1. This form and Form C, are to be completed electronically and sent to the Listed Issuer via an electronic medium such as an e-mail attachment. The Listed Issuer will attach both forms to the prescribed SGXNet announcement template for dissemination as required under section 137G(1), 137R(1) of the SFA, as the case may be. While Form C will be attached to the announcement template, it will not be disseminated to the public and is made available only to the Monetary Authority of Singapore (the "Authority").
• 1. Where a transaction results in similar notifiable obligations on the part of more than one Substantial Shareholder/Unitholder, all of these Substantial Shareholders may give notice using the same notification form.
• 1. A single form may be used by a Substantial Shareholder/Unitholder for more than one transaction resulting in notifiable obligations which the same notifiable period (i.e. within two business days of becoming aware of the earliest transaction). There must be no netting-off of two or more notifiable transactions even if they occur within the same day.
• 1. All applicable parts of the notification form must be completed. If there is insufficient space for your answers, please include attachment(s) by clicking the paper clip icon on the bottom left-hand corner or in item 11 of Part II or item 10 of Part III. The total file size for all attachment(s) should not exceed 1MB.
• 1. Except for item 5 of Part II and item 1 of Part IV, please select only one option from the relevant check boxes.
• 1. Please note that submission of any false or misleading information is an offence under Part VII of the SFA.
• 1. In this form, the term "Listed Issuer" refers to -
  2. (a) a company incorporated in Singapore any or all of the shares in which are listed for quotation on the official list of a securities exchange;
  3. (b) a corporation (not being a company incorporated in Singapore, or a collective investment scheme constituted as a corporation) any or all of the shares in which are listed for quotation on the official list of a securities exchange, such listing being a primary listing;
• (c) a registered business trust (as defined in the Business Trusts Act (Cap. 31A)) any or all of the units in which are listed for quotation on the official list of a securities exchange;
• (d) a recognised business trust any or all of the units in which are listed for quotation on the official list of a securities exchange, such listing being a primary listing; or
• (e) a collective investment scheme that is a trust, that invests primarily in real estaterelated assets specified by the Authority in the Code on Collective Investment Schemes, and any or all the units in which are listed for quotation on the official list of a securities exchange, such listing being a primary listing ("Real Estate Investment Trust").
• 1. For further instructions and guidance on how to complete this notification form, please refer to section 7 of the User Guide on Electronic Notification Forms which can be accessed at the Authority's Internet website at http://www.mas.gov.sg (under "Regulations and Financial Stability", "Regulations, Guidance and Licensing", "Securities, Futures and Fund Management", "Forms", "Disclosure of Interests").

Part I - General

Name of Listed Issuer: 1.

Sarine Technologies Ltd.

1. Type of Listed Issuer:

7 Company/Corporation

[] Registered/Recognised Business Trust

Real Estate Investment Trust

1. Is more than one Substantial Shareholder/Unitholder giving notice in this form?

[ ] No (Please proceed to complete Part II)

7 Yes (Please proceed to complete Parts III & IV)

1. Date of notification to Listed Issuer:

14-May-2025

	Part III - Substantial Shareholder(s)/Unitholder(s) Details
	[To be used for multiple Substantial Shareholders/Unitholders to give notice]
	Substantial Shareholder/Unitholder A
1.	Name of Substantial Shareholder/Unitholder:
	A-6684 Ltd
	2. Is Substantial Shareholder/Unitholder a fund manager or a person whose interest in the securities of the Listed Issuer are held solely through fund manager(s)? Yes No V
3.	Notification in respect of:
	√ Becoming a Substantial Shareholder/Unitholder
	Change in the percentage level of interest while still remaining a Substantial Shareholder/Unitholder
	Ceasing to be a Substantial Shareholder/Unitholder
	4. Date of acquisition of or change in interest:
	13-May-2025
	5. Date on which Substantial Shareholder/Unitholder became aware of the acquisition of, or the change in, interest = (if different from item 4 above, please specify the date):
	13-May-2025
	6. Explanation (if the date of becoming aware is different from the date of acquisition of, or the change in, interest):
	7. Quantum of total voting shares/units (including voting shares/units underlying rights/options/ warrants/convertible debentures {conversion price known}} held by Substantial Shareholder/ Unitholder before and after the transaction:
	lotal Deemed Interest Immediately before the transaction Direct Interest
	0 10,500,000 10,500,000 No. of voting shares/units held and/or underlying the rights/options/warrants/ convertible debentures:
	3.07 0 3.07 As a percentage of total no. of voting shares/ units: 60

Direct Interest

0

0

Deemed Interest

10,500,000

3.07

1

1

units:

convertible debentures :

Immediately after the transaction

As a percentage of total no. of voting shares/

No. of voting shares/units held and/or underlying the rights/options/warrants/ Total

10,500,000

3.07

	interest arises] A-6684 Ltd owns 100% of HNA (Noise and Vibration Control) Ltd. and Holland Moran Ltd. By virtue of its 100% ownership of these entities, A-6684 Ltd is deemed to have an interest in the 700,000 shares of Sarine Technologies Ltd. held by HNA (Noise and Vibration Control)
	Ltd. and the 6,800,000 shares of Sarine Technologies Ltd. held by Holland Moran Ltd.
	9. Relationship between the Substantial Shareholders/Unitholders giving notice in this form: [You may attach a chart in item 10 to show the relationship between the Substantial Shareholders/ Unitholders]
	A-6684 Ltd and Rapaport Communications (Israel) LTD are separate entities, however the Chairman and CEO of A-6684 Ltd sits on the board of Rapaport Communications (Israel) LTD. This creates a potential relationship of influence between the two entities, which is why they are filing jointly.
10.	Attachments (if any): CD
	(The total file size for all attachment(s) should not exceed 1MB.)
	11. If this is a replacement of an earlier notification, please provide:
	(a) SGXNet announcement reference of the first notification which was announced on SGXNet (the "Initial Announcement"):
	Date of the Initial Announcement: (b)
	(c) 15-digit transaction reference number of the relevant transaction in the Form 3 which was aftached in the Initial Announcement:
12.	Remarks (if any):
	Substantial Shareholder/Unitholder B
1.	Name of Substantial Shareholder/Unitholder:
	Rapaport Communications (Israel) LTD.
	2. Is Substantial Shareholder/Unitholder a fund manager or a person whose interest in the securities of the Listed Issuer are held solely through fund manager(s)? Yes No

• 1. Notification in respect of:
  2. 7 Becoming a Substantial Shareholder/Unitholder
  3. ] Change in the percentage level of interest while still remaining a Substantial Shareholder/Unitholder
  4. ] Ceasing to be a Substantial Shareholder/Unitholder
• 1. Date of acquisition of or change in interest:
  2. 13-May-2025
• 1. Date on which Substantial Shareholder/Unitholder became aware of the acquisition of, or the change in, interest 1 (if different from item 4 above, please specify the date):

13-May-2025

• 1. Explanation (if the date of becoming aware is different from the date of acquisition of, or the change in, interest):
• 1. Quantum of total voting shares/units (including voting shares/units underlying rights/options/ warrants/convertible debentures {conversion price known}} held by Substantial Shareholder/ Unitholder before and after the transaction:

Immediately before the transaction	Direct Interest	Deemed Interest	Total
No. of voting shares/units held and/or underlying the rights/options/warrants/ convertible debentures:	0	6,281,024	6,281,024
As a percentage of total no. of voting shares/ units:	0	1.84	1.84
Immediately after the transaction	Direct Interest	Deemed Interest	Total
No. of voting shares/units held and/or underlying the rights/options/warrants/ convertible debentures :	0	6,661,204	6,661,204

• 1. Circumstances giving rise to deemed interests (if the interest is such): [You may attach a chart in item 10 to illustrate how the Substantial Shareholder/Unitholder's deemed interest arises]
• 1. Relationship between the Substantial Shareholders/Unitholders giving notice in this form: [You may attach a chart in item 10 to show the relationship between the Substantial Shareholders/ Unitholders]

			10. Attachments (if any): 10
				(The total file size for all attachment(s) should not exceed 1MB.)
				11. If this is a replacement of an earlier notification, please provide:
				(a) SGXNet announcement reference of the first notification which was announced on SGXNet (the "Initial Announcement"):
	(b)			Date of the Initial Announcement:
				(c) 15-digit transaction reference number of the relevant transaction in the Form 3
				which was attached in the Initial Announcement:
12.		Remarks (if any):

is a parti

	Part IV - Transaction details
	Type of securities which are the subject of the transaction (more than one option may be chosen): Voting shares/units V Rights/Options/Warrants over voting shares/units Convertible debentures over voting shares/units (conversion price known) Others (please specify):
2.	Number of shares, units, rights, options, warrants and/or principal amount of convertible debentures acquired or disposed of by Substantial Shareholders/Unitholders:
	380,000
3.	Amount of consideration paid or received by Substantial Shareholders/Unitholders (excluding brokerage and stamp duties):
	81,353 SGD
4.	Circumstance giving rise to the interest or change in interest:
	Acquisition of: / Securities via market transaction Securities via off-market transaction (e.g. married deals) Securities via physical settlement of derivatives or other securities Securities pursuant to rights issue Securities via a placement
	Securities following conversion/exercise of rights, options, warrants or other convertibles
	Disposal of: Securities via market transaction
	Securities via off-market transaction (e.g. married deals)
	Other circumstances: Acceptance of take-over offer for the Listed Issuer
	Corporate action by the Listed Issuer which Substantial Shareholders/Unitholders did not participate in (please specify):
	Others (please specify):

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Item 5 is to be completed by an individual submitting this notification form on behalf of the Substantial Shareholders/Unitholders.

• 1. Particulars of Individual submitting this notification form to the Listed Issuer:
  2. (a) Name of Individual: Mordechai Rapaport
  3. (b) Designation (if applicable): Chairman and CEO
  4. (c) Name of entity (if applicable):

A-6684 Ltd

Transaction Reference Number (auto-generated):

2 9 5 0 3 9 5 4 7 5 5 4 0 1 3 3
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