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

Singapore Exchange Securities Trading Limited assumes no responsibility for the correctness of any of the statements made, reports contained or opinions expressed in this announcement.

WILLAS-ARRAY

WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED

威雅利電子(集團)有限公司

(Incorporated in Bermuda with limited liability)

(Hong Kong stock code: 854)

(Singapore stock code: BDR)

OVERSEAS REGULATORY ANNOUNCEMENT

This overseas regulatory announcement is issued pursuant to Rule 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Please refer to the following pages of the document which has been published by Willas-Array Electronics (Holdings) Limited (the "Company") on the website of Singapore Exchange Securities Trading Limited on July 18, 2025.

By Order of the Board

Willas-Array Electronics (Holdings) Limited

Xie Lishu

Chairman and Executive Director

Hong Kong, July 18, 2025

As at the date of this announcement, the Board comprises two Executive Directors, namely Xie Lishu (Chairman) and Fan Qinsheng; one Non-executive Director, Huang Shaoli; and four Independent Non-executive Directors, namely Chong Eng Wee (Lead Independent Director), Lau Chin Huat, Tso Sze Wai and Jiang Maolin.

DISCLOSURE OF INTEREST/ CHANGES IN INTEREST OF SUBSTANTIAL SHAREHOLDER(S)/ UNITHOLDER(S)::DISCLOSURE OF INTEREST OF SUBSTANTIAL SHAREHOLDERS

Issuer & Securities

Issuer/ Manager
WILLAS-ARRAY ELEC (HLDGS) LTD

Securities
WILLAS-ARRAY ELEC (HLDGS) LTD - BMG9643L1349 - BDR

Stapled Security
No

Announcement Details

Announcement Title
Disclosure of Interest/ Changes in Interest of Substantial Shareholder(s)/ Unitholder(s)

Date & Time of Broadcast
18-Jul-2025 17:22:18

Status
New

Announcement Sub Title
Disclosure of Interest of Substantial Shareholders

Announcement Reference
SG250718OTHRS2U2

Submitted By (Co./ Ind. Name)
Chan Lai Yee

Designation
Company Secretary

Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)
Please see attached.

Additional Details

Person(s) giving notice
Substantial Shareholder(s)/Unitholder(s) (Form 3)

Date of receipt of notice by Listed Issuer
17/07/2025

Attachments
eFORM3V2-20250718-Texin.pdf

if you are unable to view the above file, please click the link below.
eFORM3V2-20250718-Texin.pdf

Total size = 186K MB

SECURITIES AND FUTURES ACT (CAP. 289)
SECURITIES AND FUTURES (DISCLOSURE OF INTERESTS)
REGULATIONS 2012

FORM 3 (Electronic Format)

NOTIFICATION FORM FOR SUBSTANTIAL SHAREHOLDER(S)/UNITHOLDER(S) IN RESPECT OF INTERESTS IN

Explanatory Notes

Please read the explanatory notes carefully before completing the notification form.
This form is for a Substantial Shareholder(s)/Unitholder(s) to give notice under section 135, 136, 137, 137J (as applicable to sections 135, 136 and 137) or 137U (as applicable to sections 135, 136 and 137) of the Securities and Futures Act (the "SFA").
This electronic Form 3 and a separate Form C, containing the particulars and contact details of the Substantial Shareholder(s)/Unitholder(s), must be completed by the Substantial Shareholder(s)/Unitholder(s) or a person duly authorised by the Substantial Shareholder(s)/Unitholder(s) to do so. The person so authorised should maintain records of information furnished to him by the Substantial Shareholder(s)/Unitholder(s).
This form and Form C, are to be completed electronically and sent to the Listed Issuer via an electronic medium such as an e-mail attachment. The Listed Issuer will attach both forms to the prescribed SGXNet announcement template for dissemination as required under section 137G(1), 137R(1) or 137ZC(1) of the SFA, as the case may be. While Form C will be attached to the announcement template, it will not be disseminated to the public and is made available only to the Monetary Authority of Singapore (the "Authority").
Where a transaction results in similar notifiable obligations on the part of more than one Substantial Shareholder/Unitholder, all of these Substantial Shareholders/Unitholders may give notice using the same notification form.
A single form may be used by a Substantial Shareholder/Unitholder for more than one transaction resulting in notifiable obligations which occur within the same notifiable period (i.e. within two business days of becoming aware of the earliest transaction). There must be no netting-off of two or more notifiable transactions even if they occur within the same day.
All applicable parts of the notification form must be completed. If there is insufficient space for your answers, please include attachment(s) by clicking the paper clip icon on the bottom left-hand corner or in item 11 of Part II or item 10 of Part III. The total file size for all attachment(s) should not exceed 1MB.
Except for item 5 of Part II and item 1 of Part IV, please select only one option from the relevant check boxes.
Please note that submission of any false or misleading information is an offence under Part VII of the SFA.
In this form, the term "Listed Issuer" refers to -

(a) a company incorporated in Singapore any or all of the shares in which are listed for quotation on the official list of a securities exchange;

(b) a corporation (not being a company incorporated in Singapore, or a collective investment scheme constituted as a corporation) any or all of the shares in which are listed for quotation on the official list of a securities exchange, such listing being a primary listing;

Export XML

(c) a registered business trust (as defined in the Business Trusts Act (Cap. 31A)) any or all of the units in which are listed for quotation on the official list of a securities exchange;

(d) a recognised business trust any or all of the units in which are listed for quotation on the official list of a securities exchange, such listing being a primary listing; or

(e) a collective investment scheme that is a trust, that invests primarily in real estate and real estate-related assets specified by the Authority in the Code on Collective Investment Schemes, and any or all the units in which are listed for quotation on the official list of a securities exchange, such listing being a primary listing ("Real Estate Investment Trust").

For further instructions and guidance on how to complete this notification form, please refer to section 7 of the User Guide on Electronic Notification Forms which can be accessed at the Authority's Internet website at http://www.mas.gov.sg (under "Regulations and Financial Stability", "Regulations, Guidance and Licensing", "Securities, Futures and Fund Management", "Forms", "Disclosure of Interests").

Export XML

Part I - General

Name of Listed Issuer:
WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
Type of Listed Issuer:
☑ Company/Corporation
☐ Registered/Recognised Business Trust
☐ Real Estate Investment Trust
Is more than one Substantial Shareholder/Unitholder giving notice in this form?
☐ No (Please proceed to complete Part II)
☑ Yes (Please proceed to complete Parts III & IV)
Date of notification to Listed Issuer:
17-Jul-2025

FORM 3/[ Version 2.0 ]/Effective Date [ 21 March 2014 ]

Part III - Substantial Shareholder(s)/Unitholder(s) Details

[To be used for multiple Substantial Shareholders/Unitholders to give notice]

Substantial Shareholder/Unitholder A

Name of Substantial Shareholder/Unitholder:
[Tex in (HONGKONG) Electronics Co. Limited]
Is Substantial Shareholder/Unitholder a fund manager or a person whose interest in the securities of the Listed Issuer are held solely through fund manager(s)?
☐ Yes
☑ No
Notification in respect of:
☐ Becoming a Substantial Shareholder/Unitholder
☑ Change in the percentage level of interest while still remaining a Substantial Shareholder/Unitholder
☐ Ceasing to be a Substantial Shareholder/Unitholder
Date of acquisition of or change in interest:
[15-Jul-2025]
Date on which Substantial Shareholder/Unitholder became aware of the acquisition of, or the change in, interest (if different from item 4 above, please specify the date):
[15-Jul-2025]
Explanation (if the date of becoming aware is different from the date of acquisition of, or the change in, interest):
N.A.
Quantum of total voting shares/units (including voting shares/units underlying rights/options/warrants/convertible debentures {conversion price known}) held by Substantial Shareholder/Unitholder before and after the transaction:

Immediately before the transaction	Direct Interest	Deemed Interest	Total
No. of voting shares/units held and/or underlying the rights/options/warrants/convertible debentures:	76,955,745	0	76,955,745
As a percentage of total no. of voting shares/(¶):	87.757	0	87.757
Immediately after the transaction	Direct Interest	Deemed Interest	Total
No. of voting shares/units held and/or underlying the rights/options/warrants/convertible debentures :	76,955,745	0	76,955,745
As a percentage of total no. of voting shares/(¶):	74.938	0	74.938

Page 4 of 11

Circumstances giving rise to deemed interests (if the interest is such): [You may attach a chart in item 10 to illustrate how the Substantial Shareholder/Unitholder's deemed interest arises]

N.A.

Relationship between the Substantial Shareholders/Unitholders giving notice in this form: [You may attach a chart in item 10 to show the relationship between the Substantial Shareholders/Unitholders]

N.A.

Attachments (if any): ☐
(The total file size for all attachment(s) should not exceed 1MB.)
If this is a replacement of an earlier notification, please provide:

(a) SGXNet announcement reference of the first notification which was announced on SGXNet (the "Initial Announcement"):

(b) Date of the Initial Announcement:

(c) 15-digit transaction reference number of the relevant transaction in the Form 3 which was attached in the Initial Announcement:

Remarks (if any):

The shareholding percentages in this form are computed based on a total of 87,692,049 and 102,692,049 issued ordinary shares (excluding treasury shares) of Willas-Array Electronics (Holdings) Limited before and after the issuance of shares respectively.

Substantial Shareholder/Unitholder B ☐

Name of Substantial Shareholder/Unitholder:

KUNSHAN ARCHER ELECTRONICS CO., LTD

Is Substantial Shareholder/Unitholder a fund manager or a person whose interest in the securities of the Listed Issuer are held solely through fund manager(s)?

☐ Yes
☑ No

Notification in respect of:

☐ Becoming a Substantial Shareholder/Unitholder

FORM 3/[ Version 2.0 ]/Effective Date [ 21 March 2014 ]

☑ Change in the percentage level of interest while still remaining a Substantial Shareholder/Unitholder
☐ Ceasing to be a Substantial Shareholder/Unitholder

Date of acquisition of or change in interest:
15-Jul-2025
Date on which Substantial Shareholder/Unitholder became aware of the acquisition of, or the change in, interest (if different from item 4 above, please specify the date):
15-Jul-2025
Explanation (if the date of becoming aware is different from the date of acquisition of, or the change in, interest):
N.A.
Quantum of total voting shares/units (including voting shares/units underlying rights/options/warrants/convertible debentures {conversion price known}) held by Substantial Shareholder/Unitholder before and after the transaction:

Immediately before the transaction	Direct Interest	Deemed Interest	Total
No. of voting shares/units held and/or underlying the rights/options/warrants/convertible debentures:	0	76,955,745	76,955,745
As a percentage of total no. of voting shares/(€):	0	87.757	87.757
Immediately after the transaction	Direct Interest	Deemed Interest	Total
No. of voting shares/units held and/or underlying the rights/options/warrants/ convertible debentures :	0	76,955,745	76,955,745
As a percentage of total no. of voting shares/(€):	0	74.938	74.938

Circumstances giving rise to deemed interests (if the interest is such):
[You may attach a chart in item 10 to illustrate how the Substantial Shareholder/Unitholder's deemed interest arises]

The 76,955,745 Shares are held by TEXIN (HONGKONG) ELECTRONICS CO. LIMITED ("Texin") of which KUNSHAN ARCHER ELECTRONICS CO., LTD ("Kunshan Archer") is the sole shareholder. Kunshan Archer is deemed to be interested in the Shares held by Texin.

Relationship between the Substantial Shareholders/Unitholders giving notice in this form:
[You may attach a chart in item 10 to show the relationship between the Substantial Shareholders/Unitholders]

FORM 3/[ Version 2.0 ]/Effective Date [ 21 March 2014 ]

Attachments (if any): 1
(The total file size for all attachment(s) should not exceed 1MB.)
If this is a replacement of an earlier notification, please provide:
(a) SGXNet announcement reference of the first notification which was announced on SGXNet (the "Initial Announcement"):
(b) Date of the Initial Announcement:
(c) 15-digit transaction reference number of the relevant transaction in the Form 3 which was attached in the Initial Announcement:
Remarks (if any):
The shareholding percentages in this form are computed based on a total of 87,692,049 and 102,692,049 issued ordinary shares (excluding treasury shares) of Willas-Array Electronics (Holdings) Limited before and after the issuance of shares respectively.

Substantial Shareholder/Unitholder C 1

Name of Substantial Shareholder/Unitholder:
SHANGHAI YCT ELECTRONICS GROUP CO., LTD
Is Substantial Shareholder/Unitholder a fund manager or a person whose interest in the securities of the Listed Issuer are held solely through fund manager(s)?
☐ Yes
☑ No
Notification in respect of:
☐ Becoming a Substantial Shareholder/Unitholder
☑ Change in the percentage level of interest while still remaining a Substantial Shareholder/Unitholder
☐ Ceasing to be a Substantial Shareholder/Unitholder
Date of acquisition of or change in interest:
15-Jul-2025
Date on which Substantial Shareholder/Unitholder became aware of the acquisition of, or the change in, interest 1 (if different from item 4 above, please specify the date):
15-Jul-2025

FORM 3/[ Version 2.0 ]/Effective Date [ 21 March 2014 ]

Explanation (if the date of becoming aware is different from the date of acquisition of, or the change in, interest):

N.A.

Quantum of total voting shares/units (including voting shares/units underlying rights/options/warrants/convertible debentures {conversion price known}) held by Substantial Shareholder/Unitholder before and after the transaction:

Immediately before the transaction	Direct Interest	Deemed Interest	Total
No. of voting shares/units held and/or underlying the rights/options/warrants/convertible debentures:	0	76,955,745	76,955,745
As a percentage of total no. of voting shares/(¶):	0	87.757	87.757
Immediately after the transaction	Direct Interest	Deemed Interest	Total
No. of voting shares/units held and/or underlying the rights/options/warrants/ convertible debentures :	0	76,955,745	76,955,745
As a percentage of total no. of voting shares/(¶):	0	74.938	74.938

Circumstances giving rise to deemed interests (if the interest is such):

[You may attach a chart in item 10 to illustrate how the Substantial Shareholder/Unitholder's deemed interest arises]

The 76,955,745 Shares are held by TEXIN (HONGKONG) ELECTRONICS CO. LIMITED ("Texin") of which KUNSHAN ARCHER ELECTRONICS CO., LTD ("Kunshan Archer") is the sole shareholder. SHANGHAI YCT ELECTRONICS GROUP CO., LTD ("Shanghai YCT") is the sole shareholder of Kunshan Archer. Shanghai YCT is deemed to be interested in the Shares held by Texin.

Relationship between the Substantial Shareholders/Unitholders giving notice in this form: [You may attach a chart in item 10 to show the relationship between the Substantial Shareholders/Unitholders]

Attachments (if any): ①

(The total file size for all attachment(s) should not exceed 1MB.)

If this is a replacement of an earlier notification, please provide:

(a) SGXNet announcement reference of the first notification which was announced on SGXNet (the "Initial Announcement"):

FORM 3/[ Version 2.0 ]/Effective Date [ 21 March 2014 ]

(b) Date of the Initial Announcement:

(c) 15-digit transaction reference number of the relevant transaction in the Form 3 which was attached in the Initial Announcement:

Remarks (if any):
The shareholding percentages in this form are computed based on a total of 87,692,049 and 102,692,049 issued ordinary shares (excluding treasury shares) of Willas-Array Electronics (Holdings) Limited before and after the issuance of shares respectively.

FORM 3/[ Version 2.0 ]/Effective Date [ 21 March 2014 ]

Part IV - Transaction details

Type of securities which are the subject of the transaction (more than one option may be chosen):
☑ Voting shares/units
☐ Rights/Options/Warrants over voting shares/units
☐ Convertible debentures over voting shares/units (conversion price known)
☐ Others (please specify):
Number of shares, units, rights, options, warrants and/or principal amount of convertible debentures acquired or disposed of by Substantial Shareholders/Unitholders:
N.A.
Amount of consideration paid or received by Substantial Shareholders/Unitholders (excluding brokerage and stamp duties):
N.A.
Circumstance giving rise to the interest or change in interest:

Acquisition of:
☐ Securities via market transaction
☐ Securities via off-market transaction (e.g. married deals)
☐ Securities via physical settlement of derivatives or other securities
☐ Securities pursuant to rights issue
☐ Securities via a placement
☐ Securities following conversion/exercise of rights, options, warrants or other convertibles

Disposal of:
☐ Securities via market transaction
☐ Securities via off-market transaction (e.g. married deals)

Other circumstances:
☐ Acceptance of take-over offer for the Listed Issuer
☐ Corporate action by the Listed Issuer which Substantial Shareholders/Unitholders did not participate in (please specify):

☑ Others (please specify):

This decrease in percentage figure of TEXIN (HONGKONG) ELECTRONICS CO. LIMITED's shareholding in the Listed Issuer is a result of an issue and allotment of 15,000,000 ordinary shares by the Listed Issuer under general mandate pursuant to the Subscription Agreements dated June 12, 2025. Announcement on the subscription of shares and the completion of the subscription of shares of the Listed Issuer was released via SGXNet on June 12, 2025 and July 15, 2025.

FORM 3/[ Version 2.0 ]/Effective Date [ 21 March 2014 ]

Item 5 is to be completed by an individual submitting this notification form on behalf of the Substantial Shareholders/Unitholders.

Particulars of Individual submitting this notification form to the Listed Issuer:

(a) Name of Individual:
Xie Lishu

(b) Designation (if applicable):
Director

Transaction Reference Number (auto-generated):
| 4 | 3 | 7 | 8 | 3 | 5 | 5 | 4 | 8 | 1 | 3 | 0 | 1 | 8 | 3 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

FORM 3/ [ Version 2.0 ]/Effective Date [ 21 March 2014 ]

AI assistant

Willas-Array Electronics (Holdings) Limited Major Shareholding Notification 2025

49513_rns_2025-07-18_7d41985d-e487-48b1-96a4-9e455c95b2bd.pdf

WILLAS-ARRAY

OVERSEAS REGULATORY ANNOUNCEMENT

NOTIFICATION FORM FOR SUBSTANTIAL SHAREHOLDER(S)/UNITHOLDER(S) IN RESPECT OF INTERESTS IN

Explanatory Notes

Part I - General

Part III - Substantial Shareholder(s)/Unitholder(s) Details

Substantial Shareholder/Unitholder B ☐

Part IV - Transaction details

AI assistant

Willas-Array Electronics (Holdings) Limited — Major Shareholding Notification 2025

49513_rns_2025-07-18_7d41985d-e487-48b1-96a4-9e455c95b2bd.pdf

WILLAS-ARRAY

OVERSEAS REGULATORY ANNOUNCEMENT

NOTIFICATION FORM FOR SUBSTANTIAL SHAREHOLDER(S)/UNITHOLDER(S) IN RESPECT OF INTERESTS IN

Explanatory Notes

Part I - General

Part III - Substantial Shareholder(s)/Unitholder(s) Details

Substantial Shareholder/Unitholder B ☐

Part IV - Transaction details

More from Willas-Array Electronics (Holdings) Limited

Willas-Array Electronics (Holdings) Limited Major Shareholding Notification 2025