ADDITIONAL INFORMATION FOR

EXTRAORDINARY GENERAL MEETING

SINGAPORE, 12 JULY 2021

  1. Background
    Boustead Projects Limited ("Boustead Projects" or the "Company") refers to the following:
    1. The Company's announcement dated 9 July 2021 on the proposal to make a one-offex-gratia payment to the Directors by way of transferring an aggregate of 2,400,000 treasury shares ("Award Treasury Shares") at the proposed transfer price of $0.806 per Award Treasury Share to the Directors ("Proposed Transfers"), and the Extraordinary General Meeting (the "EGM") to be held on 28 July 2021 to seek
      Shareholders' approval on the Proposed Transfers;
    2. The COVID-19 (Temporary Measures) Act 2020 which enables the Minister for Law by order to prescribe alternative arrangements for companies in Singapore to, among other things, conduct meetings, whether wholly or partly, by electronic communication, video conferencing, tele-conferencing or other electronic means;
    3. The COVID-19 (Temporary Measures) (Alternative Arrangements for Meetings for Companies, Variable Capital Companies, Business Trusts, Unit Trusts and Debenture
      Holders) Order 2020 ("Order") which sets out the alternative arrangements in respect of, among other things, general meetings of companies;
    4. The joint statement released by the Accounting and Corporate Regulatory Authority, the Monetary Authority of Singapore and SGX RegCo on 13 April 2020 (and subsequently updated on 27 April 2020, 22 June 2020 and 1 October 2020) which provides additional guidance on the conduct of general meetings during the period from 27 March 2020 to 30 September 2020; and
    5. The extension of the Order announced by the Ministry of Law ("MinLaw") on 6 April
      2021 which allows entities to conduct general meetings via electronic means, beyond 30 June 2021 and will continue in force until revoked or amended by MinLaw (the
      "Extended Order").
  3. Date, Time and Conduct of EGM
    The Company wishes to inform its shareholders that it has today issued electronic copies of the Notice of Extraordinary General Meeting ("Notice of EGM"), the Circular to Shareholders ("Circular"), Proxy Form and all other documents related to the business of the EGM ("EGM Documents") through Boustead Projects' website at https://www.bousteadprojects.comand on SGXNet at https://www.sgx.com/securities/company-announcements.Printed copies of the EGM Documents will not be sent to shareholders.
    The EGM will be convened and held by way of electronic means on Wednesday, 28 July 2021 at 11.30 a.m. (Singapore time). Boustead Projects' Chairman, Mr John Lim Kok Min, will conduct the proceedings of the EGM. In view of the current COVID-19 control measures in Singapore, shareholders will not be able to attend the EGM in person.

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  1. Alternative Arrangements for Participation in EGMShareholders may participate in the EGM by:
    1. Observing or listening to the EGM proceedings via a "live" audio-visual webcast and audio-only feed via mobile phones, tablets or computers;
    2. Submitting questions in advance of the EGM; and/or
    3. Appointing the Chairman of the EGM ("Chairman") as proxy to attend, speak and vote on their behalf at the EGM.

Details of the steps for pre-registration,pre-submission of questions and voting at the EGM are set out in the Appendix to this announcement.

  1. Investors Who Hold Shares through Relevant Intermediaries (as Defined in Section 181 of Companies Act (Chapter 50) of Singapore) ("Investors")
    1. Investors holding shares through the Central Provident Fund ("CPF") or Supplementary Retirement Scheme ("SRS") ("CPF/SRS investors") who wish to participate in the EGM by:
      1. Observing or listening to the EGM proceedings via a "live" audio-visual webcast and audio-only feed via mobile phones, tablets or computers; and/or
      2. Submitting questions in advance of the EGM,

should follow the steps for pre-registration and pre-submission of questions set out in the Appendix.

CPF/SRS investors who wish to request their CPF Agent Banks or SRS Operators to appoint the Chairman as their proxy to attend, speak and vote at the EGM in respect of the shares held by such CPF Agent Banks or SRS Operators on their behalf should approach their CPF Agent Banks or SRS Operators to submit their voting instructions by 5.00pm on 16 July 2021.

  1. Investors holding shares through relevant intermediaries (other than CPF/SRS investors) who wish to participate in the EGM by:
    1. Observing or listening to the EGM proceedings via a "live" audio-visual webcast and audio-only feed via mobile phones, tablets or
    2. Submitting questions in advance of the EGM; and/or
    3. Requesting their relevant intermediaries to appoint the Chairman as their proxy to attend, speak and vote at the EGM in respect of the shares held by such relevant intermediaries on their behalf,

should contact the relevant intermediary through which they hold such shares as soon as possible in order to make the necessary arrangements for them to participate in the EGM.

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  1. Key Dates/Deadlines
    In summary, the key dates/deadlines which shareholders should take note of are set out in the table below:

Key Dates/Deadlines

Actions

12 July 2021 (Monday)

Shareholders

may

begin

to

pre-register

at

http://smartagm.sg/bousteadprojectsAGMfor "live" audio-

visual webcast and audio-only feed of the EGM

proceedings.

5.00pm on 16 July 2021

Deadline for CPF/SRS investors who wish to appoint the

(Friday)

Chairman as proxy to approach their CPF Agent Banks or

SRS Operators to submit their voting instructions.

10.30am on 25 July 2021

Deadline for shareholders to:

(Sunday)

•

Pre-register for "live" audio-visual webcast and audio-

only feed of the EGM proceedings; and

•

Submit questions in advance.

11.30am on 26 July 2021

Deadline for shareholders to submit proxy forms appointing

(Monday)

the Chairman as proxy in respect of the resolutions to be

tabled for approval at the EGM.

10.30am on 27 July 2021

Authenticated shareholders who pre-registered for the "live"

(Tuesday)

audio-visual webcast and audio-only feed of the EGM

proceedings will receive an email which will contain

instructions on how to access the "live" audio-visual webcast

and audio-only feed of the proceedings of the EGM

("Confirmation Email").

Shareholders who do not receive the Confirmation Email by

12 noon on 27 July 2021, but have registered by the 25 July

2021 deadline, may contact the Company at

agm.teame@boardroomlimited.com.

Date and time of EGM

•

Click on the link in the Confirmation Email and follow

11.30am on 28 July 2021

the instructions to access the "live" audio-visual

webcast of the EGM proceedings; or

(Wednesday)

•

Click on the link in the Confirmation Email and follow

the instructions to access the "live" audio-only feed of

the EGM proceedings.

  1. Important Reminder
    Due to the constantly evolving COVID-19 situation in Singapore, the arrangements for the EGM may be changed at short notice. Shareholders are advised to check Boustead
    Projects' corporate website and SGXNet regularly for any updates concerning the EGM.

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Boustead Projects would like to thank all shareholders for their patience and co-operation in enabling it to hold the EGM with the optimum safe management measures amidst the current COVID-19 pandemic.

-- END OF COMPANY ANNOUNCEMENT --

By Order of the Board

Tay Chee Wah

Company Secretary

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APPENDIX

Steps for pre-registration,pre-submission of questions and voting at the EGM

Shareholders will be able to observe or listen to the EGM proceedings via the "live" audio-visual webcast and audio-only feed of the EGM proceedings, submit questions in advance of the EGM and vote by appointing the Chairman as proxy to attend, speak and vote on their behalf at the EGM.

To do so, they will need to complete the following steps:

No.

Steps

Details

1.

Pre-registration

• Shareholders, including CPF/SRS investors (as defined below),

can pre-register at the pre-registration website at

http://smartagm.sg/bousteadprojectsAGMfrom 12 July 2021 up to

10.30am on 25 July 2021 for Boustead Projects to authenticate

his/her/its status as shareholders.

• Only shareholders whose names appear on Boustead Projects'

Register of Members/CDP Depository Register/CPF Board's, CPF

Agent Bank's & SRS Operator's shareholder lists as at 10.30am on 25

July 2021 can be pre-registered via the pre-registration website for the

"live" audio-visual webcast and audio-only feed of the EGM

proceedings.

• Shareholders who hold shares through a Depository Agent (as defined

in Section 81SF of the Securities and Futures Act, Chapter 289 of

Singapore) will have to make a request to the Depository Agent for the

pre-registration for the "live" audio-visual webcast and audio-only feed

of the EGM proceedings. The Depository Agent must pre-register and

inform the Company's Share Registrar and obtain their approval for the

pre-registration.

• Upon successful authentication of the registrant's status as a

shareholder, authenticated shareholders will receive a confirmation

email of successful registration, which will contain instructions on how

to access the "live" audio-visual webcast and audio-only feed of the

proceedings of the EGM ("Confirmation Email") by 10.30am on 27 July

2021.

• Shareholders who do not receive the Confirmation Email by 12 noon

on 27 July 2021, but have registered by the 25 July 2021 deadline, may

contact the Company atagm.teame@boardroomlimited.com.

• Investors holding shares through relevant intermediaries (as defined in

Section 181 of the Companies Act) ("Investors") (other than Investors

holding shares through the Central Provident Fund ("CPF") or

Supplementary Retirement Scheme ("SRS") ("CPF/SRS investors"))

will not be able to pre-register via the pre-registration website for the

"live" audio-visual webcast and audio-only feed of the EGM, and should

contact their relevant intermediaries through which they hold such

shares as soon as possible in order to make the necessary

arrangements for them to participate in the EGM.

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Boustead Projects Ltd. published this content on 12 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2021 12:52:02 UTC.