Asset Acquisitions and Disposals::Completion of Purchase of 11 Tai Seng Drive Singapore

NANOFILM TECHNOLOGIES INTERNATIONAL LIMITED

(Company Registration Number 199902564C) (Incorporated in Singapore on 13 May 1999)

PURCHASE OF PROPERTY AT 11 TAI SENG DRIVE SINGAPORE

The Board of Directors (the "Board") of Nanofilm Technologies International Limited (the "Company", and together with its subsidiaries, the "Group") refers to the Company's announcement dated 9 April 2021 in relation to the Company's purchase of the property at 11 Tai Seng Drive Singapore 535226 (the "Property").

The Board is pleased to announce that the Company's purchase of the Property has been completed today.

The Property will serve as the Company's headquarters for its operations in Singapore. With an expanded gross floor area of approximately 110,063 square feet, the Property is intended to meet the Group's present business and future expansion needs.

The Property will also house the Group's Centre of Competence (CoC) where research and development and the engineering of the Group's innovative, high impact, high growth, deep material science technologies, including hydrogen fuel cell technologies, will be concentrated.

BY ORDER OF THE BOARD

NANOFILM TECHNOLOGIES INTERNATIONAL LIMITED

Lim Kian Onn

Chief Financial Officer

17 August 2021

Credit Suisse (Singapore) Limited and Oversea-Chinese Banking Corporation Limited are the Joint Issue Managers for the initial public offering of shares in, and listing of, the Company on the Mainboard of the SGX-ST on 30 October 2020 ("Offering"). Citigroup Global Markets Singapore Pte. Ltd., Credit Suisse (Singapore) Limited and Oversea-Chinese Banking Corporation Limited are the Joint Global Coordinators for the Offering. Citigroup Global Markets Singapore Pte. Ltd., CLSA Singapore Pte Ltd, Credit Suisse (Singapore) Limited and Oversea-Chinese Banking Corporation Limited are the Joint Bookrunners and Underwriters for the Offering.