See the exit offer for Sound Global's possible voluntary delisting

Company chairman may acquire all issued shares.

In a disclosure to the Singapore Exchange, Sound Global Ltd. revealed that controlling shareholder and chairman Wen Yibo is currently exploring and contemplating the presentation to the Board a possible proposal to seek the voluntary delisting of the Company and its ordinary shares from the Official List of the SGX-ST, whilst maintaining the primary listing of the shares on the Main Board of the SEHK.

In connection with the possible delisting, Mr. Wen and/or such entity as he controls may make a possible exit offer to acquire all the issued shares other than those already owned, controlled or agreed to be acquired by him and parties acting in concert with him , at a cash consideration of not less than S$0.70 per offer share.

The Letter of Intent emphasized in particular that there is no certainty or assurance that the possible delisting will eventually be carried out or the possible exit offer will eventually be made. Mr. Wen expressly reserved the discretion to decide whether to proceed with the possible delisting and the possible exit offer after taking into account all relevant considerations and circumstances, and the Letter of Intent does not amount to a firm intention to make an offer
under Rule 3.5 of the HK Takeover Code or Rule 3.5 of the Singapore Takeover Code.

As the possible delisting and the possible exit offer may or may not proceed, the Board would like to remind the Shareholders and other investors in the Company to exercise caution when dealing in the Shares or other securities of the Company. In the event of any doubt, they should consult their stockbrokers, bank managers, solicitors, accountants and other professional advisers.

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