AustAsia Group Ltd. — M&A Activity 2026

Apr 14, 2026

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AustAsia Group Ltd.

澳亞集團有限公司

(Incorporated in the Republic of Singapore with limited liability)

(Stock Code: 2425)

VOLUNTARY ANNOUNCEMENT

COMPLETION OF ACQUISITION OF THE EQUITY INTERESTS
IN THE TARGET COMPANY

Reference is made to the announcement (the "Announcement") of AustAsia Group Ltd. (the "Company") dated 30 March 2026 in relation to the acquisition of the equity interests in Inner Mongolia Chifeng Boyuan Cattle Breeding Co., Ltd.* (內蒙古赤峰博源種牛繁育有限公司) (the "Target Company"). Unless otherwise specified, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Board is pleased to announce that the completion of the Acquisition (the "Completion") took place on 13 April 2026. Subsequent to the Completion, AustAsia World Wide (Shanghai) Sires Co., Ltd. (澳亞環球(上海)種畜有限公司) and Inner Mongolia Zhong'ao Agricultural Investment Co., Ltd. (內蒙古中敖農投農業有限公司) hold 60% and 40% of the equity interests in the Target Company, respectively. The Target Company has become a non-wholly-owned subsidiary of the Company, and its financial results, assets and liabilities will be consolidated into the financial statements of the Group.

By order of the Board

AustAsia Group Ltd.

Edgar Dowse COLLINS

Executive Director and Chief Executive Officer

Hong Kong, 14 April 2026

As at the date of this announcement, the Board comprises Mr. TAN Yong Nang as Executive Chairman, Mr. Edgar Dowse COLLINS as Executive Director and Chief Executive Officer, Mr. YANG Ku as Executive Director and Chief Operating Officer, Mses. GAO Lina and Gabriella SANTOSA as Non-executive Directors, and Messrs. SUN Patrick, CHANG Pan, Peter and LI Shengli as Independent Non-executive Directors.

For identification purpose only