AlDigi Holdings Pte. Ltd entered into a conditional sale and purchase agreement to acquire Asia Vets Holdings Ltd. (Catalist:5RE) for approximately SGD 190 million in a reverse merger transaction on December 31, 2021. Under the terms, Asia Vets Holdings will issue 335.4 million shares.

As of April 28, 2022, parties has signed supplemental agreement for the incorporation of new entities under the already signed agreement. Chay Corporate Advisory Pte. Ltd acted as valuer to Asia Vets Holdings in the deal.

As at the date of this announcement, the Target group companies following completion of the VCC Incorporations will be RHT DigiCapital Pte. Ltd., RHT I-Assets Advisory Pte. Ltd., RHT Capital Pte.

Ltd., Verdant Digital Pte. Ltd., Verdant LG Pte. Ltd., Aldigi Technologies Pte.

Ltd., PRF and RHTI with their principal businesses as described in Schedule 1 hereto. On November 30, 2022, The board of directors of Asia Vets Holdings Ltd and parties entered into a second supplemental agreement to the SPA (the “Second Supplemental Agreement”) to reflect the changes to the SPA in relation to the Extension of the CP Fulfilment Date and the Costs haring Arrangement. Both parties have agreed to extend the date of the SPA (the “Conditions Precedent”) must be satisfied or waived.

Transaction will be extended from 30 November 2022 to 30 November 2023. The Parties have further agreed that the additional costs attributable to the Extension of the CP Fulfilment Date (the “Additional Costs”) will be shared by the Vendor and the Company in the following manner, As 85% of the Additional Costs shall be borne by the Vendor; and 15% of the Additional Costs shall be borne by the Company. The Proposed Acquisition is subject to numerous conditions and further due diligence by the Vendor and the Company.