Willas-Array Electronics (Holdings) Limited — Share Issue/Capital Change 2025

Jun 24, 2025

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 June 23, 2025.

By Order of the Board

Willas-Array Electronics (Holdings) Limited

Xie Lishu

Chairman and Executive Director

Hong Kong, June 23, 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.

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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)

SUBSCRIPTION OF 15,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY UNDER GENERAL MANDATE AT A SUBSCRIPTION PRICE OF HK$2.66 PER SUBSCRIPTION SHARE – RECEIPT OF THE LISTING AND QUOTATION NOTICE FROM SINGAPORE EXCHANGE SECURITIES TRADING LIMITED ("SGX-ST")

The Board of Directors (the "Board") of the Company refers to the Company's announcement dated 12 June 2025 (SGXNet Announcement No.: BMG9643L1349-BDR) relating to the entry by the Company into the Subscription Agreements with the Subscribers, pursuant to which the Subscribers have conditionally agreed to subscribe for, and the Company has conditionally agreed to allot and issue an aggregate of 15,000,000 Subscription Shares at the Subscription Price of HK$2.66 (equivalent to approximately $0.44 based on the prevailing exchange rate of S$ to HK$ of S$1 to HK$6.09 as at 12 June 2025) per Subscription Share (the "Announcement").

Unless the context otherwise requires, capitalised terms used in this announcement shall have the same meanings as ascribed to them in the Announcement.

Further to the Announcement, the Board wishes to announce that SGX-ST has on 20 June 2025 granted the listing and quotation notice (the "LQN") to the Company for the listing of and quotation for the Subscription Shares on the Mainboard of SGX-ST, subject to the Company's compliance with SGX-ST's listing requirements.

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The Subscription Shares have to be placed out within seven market days from the date of the LQN. The LQN is not an indication of the merits of the Subscription Shares, the Company, its subsidiaries and their securities. An application for extension time to July 11, 2025 will be made to SGX-ST due to certain conditions of subscription have not been fulfilled up to the date of this announcement.

A separate announcement will be released by the Company upon the allotment and issuance of the Subscription Shares.

By Order of the Board
Willas-Array Electronics (Holdings) Limited
Xie Lishu
Chairman and Executive Director

Hong Kong/Singapore, June 23, 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.

In the case of inconsistency, the English text of this announcement shall prevail over the Chinese text.