(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 2 February 2021 in relation to the Proposed Acquisition, where applicable, unless stated otherwise or defined herein.)

Reference is made to the announcements dated 2 February 2021 and 5 February 2021 in relation to the Proposed Acquisition.

The Board of Directors of Macpie wishes to announce that the Company and the Vendor had on even date agreed to extend the period to enter into the Definitive Agreement, for a period of 60 days, commencing from the date of this announcement, subject to the issuance of the valuation report.

This announcement is dated 28 May 2021.