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PROSPERA GLOBAL LIMITED — Capital/Financing Update 2025
Oct 1, 2025
67728_rns_2025-10-01_6d287889-939b-4652-8732-92784bb6b8ed.pdf
Capital/Financing Update
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PROSPERA GLOBAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. 200402180C)
USE OF PROCEEDS FROM SHARE PLACEMENTS
Unless otherwise defined, all capitalised terms used but not otherwise defined in this announcement shall have the meaning ascribed to them in the Company’s respective announcements as set out below.
1. Use of net proceeds from the 2024 Share Placement (as defined below)
The board of directors (the “ Board ”) of Prospera Global Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) refers to the announcements dated 27 June 2024, 21 August 2024, 28 August 2024, 18 November 2024 and 10 February 2025 (“ 2024 Share Placement Announcements ”), and the circular dated 24 July 2024, in connection with the placement of 207,072,685 new ordinary shares in the capital of the Company which was completed on 28 August 2024 (“ 2024 Share Placement ”).
Further to the 2024 Share Placement Announcements, the Company wishes to provide an update on the utilisation of the Net Proceeds (as defined in 2024 Share Placement Announcements) from the 2024 Share Placement as follows:
| Use of Net Proceeds | Original Allocated (S$) |
Amount Re- allocation (S$) |
Amount Utilised (S$) |
Balance Unutilised (S$) |
|---|---|---|---|---|
| Working capital purposes mainly comprising: (i) Manpower costs; (ii) professional fees such as compliance costs and continuing listing expenses; and (iii) administrative and head office expenses |
1,491,945 | 800,000 | 2,291,945 (1) | - |
| Funding growth, development and expansion of the current business and exploration of new business opportunities as and when they arise |
1,000,000 | (800,000) | 200,000(2) | - |
| Total | 2,491,945 | - | 2,491,945 | - |
-
Note: - 1) The Company has utilized S$2,291,945 for working capital purposes such as manpower cost (S$1.047 million), professional fees (S$0.405 million), director fees (S$0.195 million), repayment of short-term loan (S$0.295 million), loan to subsidiary (S$0.140 million) and other administrative expenses (S$0.210 million).
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2) The Company has utilized S$200,000 for the Mauritius subsidiary such as the Mauritius FSC license application preparation ($29,170), marketing expenses ($20,000), capital injection ($38,913), Platform fee ($29,574) and other professional and administrative expense ($82,343).
Save as disclosed in the 10 February 2025 announcement, the use of Net Proceeds (as defined in 2024 Share Placement Announcements) is in accordance with the intended use as disclosed in the Company’s 2024 Share Placement Announcements. As at the date of this announcement,
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the Net Proceeds (as defined in 2024 Share Placement Announcements) raised from the 2024 Share Placement have been fully utilized.
2. Use of net proceeds from the 2025 Share Placement (as defined below)
The Board refers to the announcements dated 15 May 2025 and 4 July 2025 (“ 2025 Share Placement Announcements ”), and the circular dated 6 June 2025, in connection with the placement of 414,145,370 new ordinary shares in the capital of the Company which was completed on 10 July 2025 (“ 2025 Share Placement ”).
Further to the 2025 Share Placement Announcements, the Company wishes to provide an update on the utilisation of the Net Proceeds (as defined in 2025 Share Placement Announcements) from the 2025 Share Placement as follows:
| Use of Net Proceeds | Amount Allocated (S$) |
Amount Utilised (S$) |
Balance Unutilised (S$) |
|---|---|---|---|
| Working capital purposes mainly comprising: (i) Manpower costs; (ii) professional fees such as compliance costs and continuing listing expenses; (iii) administrative and head office expenses. |
5,520,377 | 1,591,169 (1) | 3,929,208 |
| Funding growth, development and expansion of the current business and exploration of new business opportunities as and when they arise |
1,380,094 | 86,055(2) | 1,294,039 |
| Total | 6,900,471 | 1,677,224 | 5,223,247 |
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Note: - 1) The Company has utilized S$1.591 million for working capital purposes such as manpower cost (S$0.461 million), professional fees (S$0.069 million), director fees and expenses (S$0.074 million), repayment of director’s loan (S$0.850 million), loan to subsidiary (S$0.045 million) and other administrative expenses (S$0.092 million).
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2) The Company has utilized S$86,055 for the Mauritius subsidiary such as Platform fee ($48,027) and other professional and administrative expense ($38,028).
The Board will continue to provide periodic announcements on the utilisation of the balance of the Net Proceeds (as defined in 2025 Share Placement Announcements) as and when such proceeds are materially disbursed. The Company will also provide a status report of such use in its annual report(s) and financial results announcement(s).
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BY ORDER OF THE BOARD
Guo Jiahui Group Chief Executive Officer and Executive Director 1 October 2025
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This document has been reviewed by the Company's Sponsor, Evolve Capital Advisory Private Limited. It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this document, 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. Jerry Chua (Tel: (65) 6241 6626), at 160 Robinson Road, #20-01/02 SBF Center, Singapore 068914.
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