Link: https://links.sgx.com/1.0.0/corporate-announcements/MUGDR39KLQU9TSD0/b04732ce8da37337612e184d1aabebfba31381360be06c31242a39cb85f7d480

Summary:

• Completed first tranche of acquisition to purchase additional 35% stake in subsidiary Sydrogen Energy Pte. Ltd. as of December 1, 2025, per original two-tranche transaction structure announced in July

• Company now controls 77% of Sydrogen Energy's issued share capital following this first completion, up from previous majority ownership position

• Second tranche remains pending to complete the full 35% acquisition of minority stake in the hydrogen energy subsidiary

• Transaction represents strategic consolidation move to increase control over Sydrogen Energy operations and strengthen position in clean energy sector