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VOLUNTARY ANNOUNCEMENTTHE SECOND ISSUE OF COMMERCIAL PAPERS IN DIGITAL SECURITIES

2024-07-09 00:00:00

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.Tat Hong Equipment Service Co. Ltd.(Incorporated in the Cayman Islands with limited liability) (Stock Code: 2153) VOLUNTARY ANNOUNCEMENT THE SECOND ISSUE OF COMMERCIAL PAPERS IN DIGITAL SECURITIES This announcement is made by Tat Hong Equipment Service Co. Ltd. (the “Company” together with its subsidiaries the “Group”) on a voluntary basis to provide the shareholders and potential investors of the Company with updated information on the latest business development of the Group Reference is made to the announcement of the Company dated 3 April 2024 in relation to among others the launch of the SGD50 million multicurrency multi-series unsecured and unsubordinated commercial paper facility programme (the “Announcement”). Unless otherwise defined capitalised terms used in this announcement shall have the same meanings as defined in the Announcement.As disclosed in the Announcement the Company has launched the SDAX Multicurrency CP Facility Programme on 3 April 2024 pursuant to which the Company may issue and list commercial paper in the form of security tokens in multiple series on the SDAX Platform.In connection with the above the board of directors (the “Board”) of the Company is pleased to announce that on 9 July 2024 the Company has launched the second issue of commercial papers in the form of digital securities denominated in Singapore Dollars under the SDAX Multicurrency CP Facility Programme at an interest rate of 5.6% per annum and matures approximately three (3) months from the date of issuance (the “3-month SGD Series 002 Issuance”).The Company expects to raise between SGD15 million and SGD20 million from accredited investor(s) and institutional investor(s) under the 3-month SGD Series 002 Issuance. Proceeds from the 3-month SGD Series 002 Issuance is intended to be used as working capital of the Group’s principal businesses.- 1 -By order of the Board Tat Hong Equipment Service Co. Ltd.Mr. Ng San Tiong Chairman and Non-executive Director Hong Kong 9 July 2024 As at the date of this announcement the Board comprises Mr. Yau Kok San and Mr. Lin Han-wei as Executive Directors; Mr. Ng San Tiong Mr. Sun Zhaolin Mr. Liu Xin and Mr. Guo Jinjun as Non- executive Directors; and Ms. Pan I-Shan Mr. Wan Kum Tho and Dr. Huang Chao-Jen as Independent non-executive Directors.