LASSETERS INTERNATIONAL HOLDINGS LIMITED

Company No: 200402223M

NON-ISSUANCE OF SUSTAINABILITY REPORT FOR THE FINANCIAL YEAR ENDED 30 JUNE 2021

Reference is made to the announcements released on the SGXNET on 19 April 2021, 1 October 2021, 18 October 2021, 20 October 2021 and 22 October 2021 (the "Previous Announcements"), and the circular (the "Circular") issued to the shareholders of Lasseters International Holdings Limited (the "Company" and together with its subsidiaries, the "Group") dated 1 October 2021 in relation to the Proposed Disposal (as defined in the Circular). Unless otherwise defined, all capitalised terms used herein shall bear the same meanings as ascribed to them in the Previous Announcements and the Circular.

The Board of Directors (the "Board") of the Company wishes to announce that the Company will not be issuing a sustainability report for the financial year ended 30 June 2021 ("FY2021") as the Company's assets consist wholly or substantially of cash or short-dated securities following completion of the Proposed Disposal on 20 October 2021.

The key rationale for sustainability reporting, as required under Rule 711A of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist (the "Catalist Rules"), is to provide stakeholders with a comprehensive picture of the sustainability of the Group's business and operations, in the aspects of environment, social and governance factors. As announced on 20 October 2021, the Company has notified the SGX-ST (via its sponsor) of its cash company status pursuant to Rule 1017 of the Catalist Rules.

In view of the Company's cash company status and pending the acquisition of a new business which is able to satisfy the SGX-ST's requirements for a new listing, a sustainability report for FY2021 would not be relevant or meaningful.

BY ORDER OF THE BOARD

DATO' JAYA J B TAN

Non-Executive Chairman

30 November 2021

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

The contact person for the Sponsor is Mr Bernard Lui, Telephone number: 6389 3000 Email: Bernard.lui@morganlewis.com

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Lasseters International Holdings Ltd. published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 09:10:06 UTC.