Reference is made to the Company’s announcement dated 15 May 2025 (“VGO Announcement”), 5 June 2025, 23 June 2025, 30 June 2025, 7 July 2025, 23 July 2025, 25 July 2025, 28-30 July 2025, 1 August 2025, 4 August 2025 and 8 September 2025. Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the VGO Announcement.                                                                        

The Board of Directors of AYS wishes to inform that Evolve Capital Advisory Private Limited has, for and on behalf of the Offeror, announced that the Offeror has exercised its right of Compulsory Acquisition on 16 September 2025 to acquire the Shares of the Dissenting Shareholders at a consideration of S$0.25 in cash for each Share.

A copy of the announcement dated 16 September 2025 is enclosed for information.