LHN LIMITED — Capital/Financing Update 2025

Oct 28, 2025

Coliwoo Holdings Limited 10 Raeburn Park #02-08 Singapore 088702 www.coliwooholdings.com

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(Company Registration No: 202027332D) (Incorporated in the Republic of Singapore on 7 September 2020)

For Immediate Release

Singapore’s Leading Co-Living Operator Coliwoo Launches IPO at 60 Cents per Share on SGX Mainboard

• Offering of approximately 80.3 million Offering Shares comprises approximately 75.0 million Placement Shares and 5.3 million Public Offer Shares (subject to the Over-allotment Option)

• Including separate cornerstone subscription agreements by 9 Cornerstone Investors for new Shares valued at an aggregate of approximately S$52.8 million

• Cornerstone Investors include Albizia Capital Pte. Ltd., Avanda Investment Management Pte. Ltd. (on behalf of certain investment funds and/or managed accounts), B&I Capital Pte. Ltd., ICHAM Master Fund VCC, Maybank Asset Management Singapore Pte. Ltd., Maybank Securities Pte. Ltd. (on behalf of certain high-net-worth clients), UOB Asset Management Ltd, Value Partners Hong Kong Limited and Whitefield Capital Management Pte. Ltd.

• Trading debut on SGX Mainboard is expected at 9.00 am on 6 November 2025

SINGAPORE, 28 October, 2025 – Coliwoo Holdings Limited (“ Coliwoo ” or the “ Company ”, and together with its subsidiaries, the “ Group ”), a leading co-living operator in Singapore, registered its prospectus with the Monetary Authority of Singapore (“ MAS ”) today, in connection with the proposed initial public offering (“the “ Offering ”) and listing of the ordinary shares (the “ Shares ”) in the capital of the Company on the Mainboard of the Singapore Exchange Securities Trading Limited (the “ SGX-ST ”).

The Offering of 80,304,000 Shares (the “ Offering Shares ”), subject to over-allotment option, at S$0.60 each (the “ Offering Price ”) comprises 75,004,000 Offering Shares (the “ Placement Shares” ) that will be offered by way of placement (the “ Placement ”) and 5,300,000 Offering Shares (the “ Public Offer Shares ”) that will be offered by way of a public offer in Singapore (the “ Public Offer ”). The Offering opens at 9.00 a.m. on 29 October 2025 and will close at 12.00 noon on 4 November 2025. The trading of shares is expected to commence on a “ready” basis at 9.00 a.m. on 6 November 2025.

Maybank Securities Pte. Ltd. (“ Maybank ”) is the Issue Manager and Global Coordinator for the Offering. Maybank, DBS Bank Ltd. and RHB Bank Berhad are the Joint Bookrunners and Underwriters for the Offering.

Separate from the Offering, Albizia Capital Pte. Ltd., Avanda Investment Management Pte. Ltd. (on behalf of certain investment funds and/or managed accounts), B&I Capital Pte. Ltd., ICHAM Master Fund VCC, Maybank Asset Management Singapore Pte. Ltd., Maybank Securities Pte. Ltd. (on behalf of certain high-net-worth clients), UOB Asset Management Ltd, Value Partners Hong Kong Limited and Whitefield Capital Management Pte. Ltd. (collectively, the “ Cornerstone Investors ”) have entered into cornerstone subscription agreements with the Company (collectively, the “ Cornerstone Subscription Agreements ”) to subscribe for new Shares of an aggregate of approximately S$52.8 million (the “ Cornerstone Shares ”) at the Offering Price.

The Offering, together with the issuance of Cornerstone Shares, are expected to raise total gross proceeds of approximately S$101.0 million. Coliwoo plans to use the gross proceeds primarily for:

• (i) expansion, growth and asset enhancement of co-living business undertaken through leased properties in existing and new markets;

• (ii) expansion, growth, and asset enhancement of co-living business undertaken through owned and joint venture properties in existing and new markets;

• (iii) repayment of loans; and

• (iv) general working capital purposes, including operational expenses such as manpower costs, marketing expenses and professional fees.

Coliwoo Holdings Limited 10 Raeburn Park #02-08 Singapore 088702 www.coliwooholdings.com

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(Company Registration No: 202027332D) (Incorporated in the Republic of Singapore on 7 September 2020)

Post-Offering, the Company’s share capital will stand at 480.8 million Shares and its market capitalisation at listing will be approximately S$288.5 million.

Established in 2018, Coliwoo has a portfolio of close to 3,000 rooms strategically located across prime central areas and high-demand residential clusters across the island.

Under its Coliwoo brand, the Company acquires or leases old, unused and underutilised properties and transforms them into modern and trendy co-living spaces. By providing thoughtfully designed communal spaces and a diverse range of events for members living in Coliwoo-operated properties, the Company fosters a strong sense of community in the co-living experience.

In addition to managing and operating properties under the Coliwoo brand, the Company also leases to third-party operators, and provides professional property enhancement and/or property management services for landlords. From time to time, Coliwoo may also invest strategically in property holdings or property leasing entities.

The Company intends to recommend and distribute dividends of not less than 40% of the Group’s profit attributable to equity holders of the Company after adding back listing expenses and excluding fair value gains/losses on owned and joint venture investment properties, impairment/write-off of assets, non-recurring and one-off items, whether as an annual dividend or an interim dividend, for FY2025 and FY2026.

A final prospectus in relation to the Offering (the “ Prospectus ”) has been made available at the time it is duly registered by the MAS. Anyone who wishes to subscribe for Shares in the Offering will need to make an application in the manner set out in the Prospectus.

A copy of the Prospectus may be downloaded from MAS’ OPERA website at https://eservices.mas.gov.sg/opera/ or on the SGX-ST’s website at http://www.sgx.com.

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Investor Relations and Media Contact:

Ms Emily Choo Mobile +65 9734 6565 Email emily@gem-comm.com

Important Notice

This press release is for information only and does not constitute or form a part of an invitation, solicitation or offer to acquire, purchase or subscribe for securities in the Company nor shall it or any part of it form the basis of, or be relied on in any connection, with any contract, commitment or investment decision whatsoever.

None of the Company nor any of its subsidiaries, controlling persons, Maybank Securities Pte. Ltd., DBS Bank Ltd., RHB Bank Berhad nor any of their respective directors, officers, partners, employees, agents, representatives or advisers makes any representation or warranty (express or implied) regarding, or assumes any responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information or opinions contained herein.

The information in this media release is qualified in its entirety, by, and subject to, the more detailed information found in the Prospectus. Any decision to purchase or subscribe for securities of the Company to be offered in the Offering should be made solely on the basis of information contained in the Prospectus after seeking appropriate professional advice, and no reliance should be placed on any information other than that contained in the Prospectus.

This media release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or any other jurisdiction.

This press release has not been reviewed by the MAS or the SGX-ST.