VCPLUS LIMITED — Capital/Financing Update 2025

May 22, 2025

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VCPLUS LIMITED
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(Company Registration Number 201531549N)

(Incorporated in the Republic of Singapore)

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PROPOSED SUBSCRIPTIONS OF 2,200,000,000 NEW ORDINARY SHARES – RECEIPT OF LISTING AND QUOTATION NOTICE

Unless otherwise stated, capitalised terms used herein shall have the same meaning given to them in the Company’s announcement dated 16 April 2025 (the “ Previous Announcement ”).

The board of directors (the “ Board ” or “ Directors ”) of VCPlus Limited (the “ Company ” and together with its subsidiaries, the “ Group ”) refers to the Previous Announcement in relation to the proposed subscriptions of 2,200,000,000 new ordinary shares in the capital of the Company at an issue price of S$0.0034 per Subscription Share.

Further to the Previous Announcement, the Board is pleased to announce that the Company has, on 22 May 2025, received the listing and quotation notice (the “ Notice ”) from the Singapore Exchange Securities Trading Limited (the “ SGX-ST ”) for the listing and quotation of 2,200,000,000 Subscription Shares, subject to compliance with the SGX-ST’s listing requirements.

The Notice is not to be taken as an indication of the merits of the Proposed Subscriptions, the Subscription Shares, the Company, its subsidiaries and their securities.

The Company will continue to keep Shareholders updated and make further announcement(s) upon the allotment and issuance of the Subscription Shares.

By Order of the Board

Tang ZhengMing Executive Chairperson and Chief Executive Officer 22 May 2025

This announcement has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the “ Sponsor ”).

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (“ SGX-ST ”) and the SGX-ST 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

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announcement.

The contact person for the Sponsor is Mr. Lance Tan, Senior Vice President, at 8 Anthony Road, #0101, Singapore 229957, telephone (65) 6590 6881.

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