Asset Acquisitions and Disposals::Announcement Pursuant to Rule 706A of the Listing Manual

(Incorporated in Bermuda on 30 August 2002) (Company Registration Number 32514)

ANNOUNCEMENT PURSUANT TO RULE 706A OF THE LISTING MANUAL

The Board of Directors of Karin Technology Holdings Limited (the "Company" or together with its subsidiaries, the "Group") wishes to announce the following transactions occurred during the second half year ended 30 June 2021 pursuant to Rule 706A of the Listing Manual of Singapore Exchange Securities Trading Limited ("SGX-ST"):

INCORPORATION OF SUBSIDIARY COMPANIES

The Company has incorporated the following subsidiaries:

1.	Name of company	:	Kagile Solutions Limited
	Country of incorporation	:	Hong Kong
	Issued and paid-up capital	:	HK$10,000 comprising 10,000 ordinary shares of
			HK$1 each
	Shareholding	:	70%
	Principal activities	:	Providing software application products for corporate
			clients and provision of activities ancillary to the
			aforementioned activities
2.	Name of company	:	Karin (Macau) Company Limited
	Country of incorporation	:	Macau
	Issued and paid-up capital	:	MOP$25,000.00
	Shareholding	:	100%
	Principal activities	:	Sales of electronic components, provide information
			technology, network and security systems, solutions
			and technical support
3.	Name of company	:	Kepro (Macau) Company Limited
	Country of incorporation	:	Macau
	Issued and paid-up capital	:	MOP$25,000.00
	Shareholding	:	100%
	Principal activities	:	Providing information technology, network and
			security systems, solutions and technical support

Please refer to the announcements released by the Company on 12 January 2021 and 15 April 2021.

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None of the directors or substantial shareholders has any interest in the aforementioned transactions, save for their interests arising by way of their directorships and/or direct and/or indirect shareholdings in the Company, as the case may be.

The aforementioned transactions are not expected to have any material impact on the Group's earnings per share and net tangible asset for the financial year ended 30 June 2021.

By Order of the Board

Wong Chi Cheung, Clarence

Financial Controller /Joint Company Secretary

26 August 2021

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