Synagistics Limited — Capital/Financing Update 2024

Jul 1, 2024

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

HK ACQUISITION CORPORATION 香港匯德收購公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 7841) (Warrant Code: 4841)

Target company of the de-SPAC transaction

SYNAGISTICS PTE. LTD.

(Incorporated in Singapore with limited liability)

WARNING

This announcement is published by HK Acquisition Corporation (the “ Company ” or the “ Successor Company ”) solely for the purpose of providing information to the public in Hong Kong. By viewing this announcement, you acknowledge, accept and agree with the Company, Synagistics Pte. Ltd. (the “ Target Company ”), the joint sponsors, overall coordinators, advisors or any parties involved in the de-SPAC transaction that:

• (a) the publication of this announcement on the website of The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) does not give rise to any obligation of the Company, the Target Company, the joint sponsors, overall coordinators, advisors or any parties involved in the de-SPAC transaction to proceed with the de-SPAC transaction. There is no assurance that the Company and the Target Company will proceed with the de-SPAC transaction;

• (b) the application to which this announcement relates has not been approved, and the Stock Exchange and the Securities and Futures Commission may accept, return or reject the application for the listing of the Successor Company by way of the de-SPAC transaction;

• (c) this announcement must not be regarded as an inducement to subscribe for or purchase any securities, and no such inducement is intended;

• (d) none of the Company, the Target Company, their affiliates, the joint sponsors, overall coordinators, advisors and any parties involved in the de-SPAC transaction is offering, or is soliciting offers to buy, any securities in any jurisdiction through the publication of this announcement;

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• (e) this announcement (and the information contained herein) is for information purposes only and shall not constitute or form part of any offer to issue or sell, or the solicitation of any offer to purchase, subscribe for or otherwise acquire, any securities of the Successor Company in the United States (including its territories and possessions, any state of the United States and the District of Columbia) or any other jurisdiction where such offer or sale would be unlawful. The Company believes it is a “foreign private issuer” (“ FPI ”), as such term is defined in Rule 405 under the US Securities Act of 1933, as amended (the “ US Securities Act ”), and intends to conduct its business so far as possible to maintain its status as a FPI. The securities of the Company (the “ Securities ”) have not been and will not be registered under the US Securities Act or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered, sold, resold, pledged, transferred or delivered, directly or indirectly, into or within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and in compliance with any applicable securities laws of any relevant state or other jurisdiction of the United States. There has been and will be no public offering of the Securities in the United States;

• (f) this announcement does not constitute a prospectus, offering circular, notice, circular, brochure or advertisement offering to sell any securities to the public in any jurisdiction, nor is it an invitation to the public to make offers to subscribe for or purchase any securities, nor is it calculated to invite offers by the public to subscribe for or purchase any securities; and

• (g) as there may be legal restrictions on the distribution of this announcement or dissemination of any information contained in this announcement, you agree to inform yourself about and observe any such restrictions applicable to you.

THIS ANNOUNCEMENT IS NOT FOR PUBLICATION OR DISTRIBUTION TO PERSONS IN THE UNITED STATES. ANY SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES WITHOUT REGISTRATION THEREUNDER OR PURSUANT TO AN AVAILABLE EXEMPTION THEREFROM. NO PUBLIC OFFERING OF THE SECURITIES WILL BE MADE IN THE UNITED STATES.

NEITHER THIS ANNOUNCEMENT NOR ANY INFORMATION CONTAINED HEREIN CONSTITUTES AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN THE UNITED STATES OR IN ANY OTHER JURISDICTIONS WHERE SUCH OFFER OR SALE IS NOT PERMITTED. THIS ANNOUNCEMENT IS NOT BEING MADE AVAILABLE IN, AND MAY NOT BE DISTRIBUTED OR SENT TO ANY JURISDICTION WHERE SUCH DISTRIBUTION OR DELIVERY IS NOT PERMITTED.

No offer or invitation will be made to the public in Hong Kong.

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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement does not constitute a prospectus, offering circular, notice, circular, brochure or advertisement offering to sell any securities to the public in any jurisdiction, nor is it an invitation to the public to make offers to subscribe for or purchase any securities, nor is it calculated to invite offers by the public to subscribe for or purchase any securities. The publication of this announcement is only for the purpose of providing information about the Company and the de-SPAC transaction and not for any other purposes. No investment decision should be based on the information contained in this announcement. There is no indication that the application to which this announcement relates has been approved.

This announcement is made by the order of HK Acquisition Corporation (the “ Company ”). The board of directors of the Company collectively and individually accept responsibility for the accuracy of this announcement.

HK ACQUISITION CORPORATION 香港匯德收購公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 7841) (Warrant Code: 4841)

Target company of the de-SPAC transaction

SYNAGISTICS PTE. LTD.

(Incorporated in Singapore with limited liability)

This announcement is made by the Company.

As of the date of this announcement, the Company has appointed Haitong International Securities Company Limited and CMB International Capital Limited as its overall coordinators.

Further announcement(s) shall be made in the event that further overall coordinators are appointed by the Company.

By order of the board of directors HK ACQUISITION CORPORATION CHAN Tak Lam Norman Chairman of the Board and Executive Director

Hong Kong, June 28, 2024

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As at the date of this announcement, directors of the Company are: (i) Dr. Chan Tak Lam Norman, Ms. Tsang King Suen Katherine, Dr. Wong Shue Ngar Sheila and Mr. Tsang Hing Shun Thomas as executive directors; and (ii) Mr. Hui Chiu Chung, Mr. Wong See Ho, Prof. Tang Wai King Grace and Mr. Zhang Xiaowei as independent non-executive directors.

Proposed directors of the Company after completion of the de-SPAC transaction as named in the application to which this announcement relates are: (i) Mr. Lee Shieh-Peen Clement and Ms. Tai Ho Yan Olive as executive directors, (ii) Dr. Wong Shue Ngar Sheila, Mr. Chong Tian Taum and Mr. Jin Qin as non-executive directors and (iii) Mr. Selva Bryan Ratnam, Mr. Andrew Chow Heng Cheong and Mr. Siek Wei Ting as independent non-executive directors.

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