Link: https://links.sgx.com/1.0.0/corporate-announcements/HW9ZRK3MAGIEBIOS/fed81e5733ddc53288a51dce4f6c0e2998a60ff492a009d7836b5b9cd4c05b4a

Summary:

• Completed acquisition of 20% stake in Affinity Surgery Centre Pte. Ltd. effective December 1, 2025, with target becoming an associated company of Livingstone Health Holdings

• Revised Employment Agreement, Management Agreement and Shareholders' Agreement executed on November 28, 2025 among all relevant parties to formalize transaction structure

• Investment protection mechanism built into Shareholders' Agreement mandates mandatory share buyback by vendor at capital-protected price if vendor terminates employment agreement for any reason

• Protection formula designed to safeguard purchaser's investment through automatic exit mechanism in event of vendor departure, ensuring capital recovery under specified termination scenarios

• No option granted to either party regarding share sale arrangement, with buyback obligation triggered solely by employment termination event subject to Catalist Rules compliance