ICP LTD. — Delisting Announcement 2025

Apr 25, 2025

ICP LTD. (Incorporated in the Republic of Singapore) (Company Registration No.: 196200234E)

THE PROPOSED VOLUNTARY DELISTING OF ICP LTD. FROM THE OFFICIAL LIST OF THE CATALIST BOARD OF THE SGX-ST PURSUANT TO RULES 1307 AND 1308 OF THE SGX-ST LISTING MANUAL SECTION B: RULES OF CATALIST

SATISFACTION OF CONDITIONS OF DELISTING APPROVAL GRANTED BY THE SGX-ST

1. INTRODUCTION

• 1.1 The board of directors (the " Board " or " Directors ") of ICP Ltd. (the " Company ") refers to the announcement released by the Company dated 20 June 2025 (the " No-objection Announcement ") in relation to, inter alia , the receipt of a no-objection letter from the SGX-ST stating that, subject to the satisfaction of certain conditions, it has no objections to the Delisting.

• 1.2 Unless otherwise defined, capitalised terms used in this announcement (the " Announcement ") shall bear the same meanings as set out in the No-objection Announcement.

2. CONDITIONS TO THE DELISTING APPROVAL

• 2.1 As stated in the No-objection Announcement, the Company through the Sponsor had on 20 June 2025, received a letter from the SGX-ST indicating that it has no objection to the Delisting (the " Delisting Approval "), subject to the following:

• (a) the Company making an immediate announcement of the proposed Delisting; and

• (b) submission of a written confirmation from the Company that it is not aware of any information that will have a material bearing on investors' decision which has yet to be announced by the Company.

• 2.2 With the release of the No-objection Announcement, the condition set out in paragraph 2.1(a) above had been satisfied.

3. SATISFACTION OF CONDITIONS TO THE DELISTING APPROVAL

• 3.1 The Board wishes to update Shareholders that further to the No-objection Announcement, the Company has submitted the written confirmation to the SGX-ST confirming that it is not aware of any information that will have a material bearing on investors’ decision which has yet to be announced by the Company.

• 3.2 Accordingly, the Board wishes to inform Shareholders that the Company has satisfied all the conditions imposed by the SGX-ST in granting the Delisting Approval.

• 3.3 The SGX-ST's decision is not an indication of the merits of the proposed Delisting.

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4. DIRECTORS’ RESPONSIBILITY STATEMENT

The directors of the Company (including any who may have delegated supervision of this Announcement) have taken all reasonable care to ensure the facts stated and all opinions expressed herein (other than those relating to the Delisting Proposal and the Exit Offer, the Offeror and persons acting in concert with him, including the Relevant Persons, each as defined in the Circular) are fair and accurate, and where appropriate, no material facts have been omitted, the omission of which would make any statement in this Announcement misleading and they hereby collectively and individually accept full responsibility.

Where information in this Announcement has been extracted from published or otherwise publicly available sources or obtained from a named source, the sole responsibility of the directors of the Company has been to ensure that such information has been accurately and correctly extracted from those sources and/or reproduced in this Announcement in its proper form and context.

By Order of the Board

Ong Min'er Financial Controller

23 June 2025

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This announcement has been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the " Sponsor "). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the " Exchange ") and the Exchange assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Khong Choun Mun at 36 Robinson Road, #10-06 City House, Singapore 068877, Email: sponsor@rhtgoc.com.

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