Change - Change in Corporate Information::INCORPORATION OF AN INDIRECT WHOLLY-OWNED SUBSIDIARY

ISEC HEALTHCARE LTD.

(Company Registration No. 201400185H)

(Incorporated in Singapore on 2 January 2014)

INCORPORATION OF AN INDIRECT WHOLLY-OWNED SUBSIDIARY

The Board of Directors of ISEC Healthcare Ltd. (the "Company" and together with its subsidiaries, the "Group") wishes to announce that Southern Specialist Eye Centre Sdn. Bhd., an indirect wholly-owned subsidiary of the Company, has on 13 December 2021 incorporated a wholly-owned subsidiary in Malaysia (the "New Entity").

Details of the New Entity are as follows:
Name of New Entity	: ISEC (Melaka) Sdn. Bhd.
Issued and paid-up share capital	: RM100,000.00 comprising one hundred thousand
	(100,000) ordinary shares
Principal activities	: Providing medical care, consultancy and treatment
	in the fields of ophthalmology and optometry
Percentage of shareholding	: Southern Specialist Eye Centre Sdn. Bhd. owns
	100% of the shareholding interest in the New
	Entity.

The incorporation of the New Entity was funded by internal resources of the Group and is not expected to have any material impact on the consolidated net tangible assets per share or earnings per share of the Group for the financial year ending 31 December 2021.

None of the Directors or controlling shareholders of the Company has any interest, direct or indirect, in the incorporation of the New Entity (other than through their interests in the shares of the Company).

By Order of the Board

Dr. Lee Hung Ming

Executive Vice Chairman

13 December 2021

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms Gillian Goh, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, [e-mail].