The Board of Directors of RE&S Holdings Limited announced that the Company has appointed PrimePartners Corporate Finance Pte. Ltd. ("PrimePartners") to act as its new continuing sponsor with effect from 22 November 2020, in place of the current continuing sponsor, DBS Bank Ltd. ("DBS"). The change of continuing sponsor is due to commercial reasons. Pursuant to Rule 228(5) of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited (the "Catalist Rules"), DBS, as the current continuing sponsor of the Company, has confirmed that as at the date of this announcement and based on information made available to DBS, it is not aware of any non-compliance with the Catalist Rules by the Company that has not been brought to the attention of PrimePartners. DBS has also made itself available for discussion with PrimePartners as required under Rule 228(3) of the Catalist Rules. The Board would like to take this opportunity to express its appreciation to DBS for its past guidance and sponsorship.