Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 144498391 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 52.59000000 (Deemed Interest)

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 144498391 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 52.59000000 (Direct Interest); 0.00000000 (Deemed Interest)

However, please see paragraphs 9 and 12 below.

Mr. You Zhenhua ("Mr. You"), Advance Venture Investments Limited ("AVIL") and Theme International Holdings Limited ("Theme International") hold interests of approximately 39.69%, 36.97% and 20.50%, respectively, in Green Esteel Pte. Ltd. ("Green Esteel"). For completeness, Mr. You also holds (i) 100% interest in Wide Bridge Limited which holds 63.06% of Theme International, and (ii) 100% interests in AVIL.

Each of Mr. You, AVIL, Theme International and Wide Bridge Limited are deemed interested in the ordinary shares in the capital of the Company ("Shares") held by Green Esteel pursuant to Section 4 of the Securities and Futures Act 2001 of Singapore.

On 16 December 2024, Green Esteel announced its intention to make a mandatory conditional general cash offer (the "Offer") for all the Shares in the capital of the Company, other than treasury shares and those Shares already owned, controlled or agreed to be acquired by Green Esteel and its concert parties at the Offer Price of S$0.266 per Share.

On 27 January 2025, Green Esteel announced that the Offer had turned unconditional as to acceptances in all respects, and that Green Esteel had, as at that date, received valid acceptances of 21,613,601 Shares pursuant to the Offer.

On 3 February 2025, Green Esteel announced that as at 5.30 p.m. (Singapore time) on 3 February 2025, the Offer had closed and that the total number of Shares owned, controlled, acquired or agreed to be acquired by Green Esteel and its concert parties (including valid acceptances of the Offer) amounted to an aggregate of 144,498,391 Shares, representing approximately 52.59% of the total number of issued Shares.

Shareholding percentages are calculated on the basis of 274,740,678 Shares in the capital of the Company (excluding treasury shares).

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 144498391 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 52.59000000 (Deemed Interest)

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 144498391 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 52.59000000 (Deemed Interest)

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 144498391 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 52.59000000 (Deemed Interest)

Remarks
Acquisition of Securities pursuant to rights issue

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$17,010,813.32 (S$0.266 per Rights Share)

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 122090426 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 44.44000000 (Deemed Interest)

Remarks
Acquisition of Securities pursuant to rights issue

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$17,010,813.32 (S$0.266 per Rights Share)

Immediately after the transaction

No. of ordinary voting shares/units held: 122090426 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 44.44000000 (Direct Interest); 0.00000000 (Deemed Interest)

Pursuant to the Company's renounceable non-underwritten rights issue of 74,254,237 new ordinary shares in the capital of the Company ("Rights Shares"), at an issue price of S$0.266 for each Rights Share on the basis of 10 Rights Shares for every 27 existing shares in the Company ("Shares") ("Rights Issue") , Green Esteel Pte. Ltd. ("Green Esteel") was allotted a total of 63,950,426 Rights Shares, comprising:

(a) 21,533,332 Rights Shares accepted and subscribed for (or in respect of which subscription and payment had been procured) by Green Esteel, pursuant to a deed of irrevocable undertaking executed on 11 October 2024 by Green Esteel in favour of the Company ("Irrevocable Undertaking"); and

(b) 42,417,094 Rights Shares allotted to Green Esteel pursuant to its application for excess Rights Shares made pursuant to its Irrevocable Undertaking.

Mr. You Zhenhua ("Mr. You"), Advance Venture Investments Limited ("AVIL") and Theme International Holdings Limited ("Theme International") hold interests of approximately 39.69%, 36.97% and 20.50%, respectively, in Green Esteel. For completeness, Mr. You also holds (i) 100% interest in Wide Bridge Limited which holds 63.06% of Theme International, and (ii) 100% interests in AVIL.

Each of Mr. You, AVIL, Theme International and Wide Bridge Limited are deemed interested in the Shares held by Green Esteel pursuant to Section 4 of the Securities and Futures Act 2001 of Singapore.

Shareholding percentage immediately before the change in interest is calculated on the basis of 200,486,441 Shares in the capital of the Company (excluding treasury shares) immediately prior to the allotment and issuance of 74,254,237 Rights Shares.

Shareholding percentage immediately after the change in interest is calculated on the basis of 274,740,678 Shares (excluding treasury shares).

In this notice, figures are rounded down to the nearest 0.01% and any discrepancies in aggregated figures are due to rounding.

Remarks
Acquisition of Securities pursuant to rights issue

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$17,010,813.32 (S$0.266 per Rights Share)

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 122090426 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 44.44000000 (Deemed Interest)

Remarks
Acquisition of Securities pursuant to rights issue

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$17,010,813.32 (S$0.266 per Rights Share)

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 122090426 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 44.44000000 (Deemed Interest)

Remarks
Acquisition of Securities pursuant to rights issue

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$17,010,813.32 (S$0.266 per Rights Share)

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 122090426 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 44.44000000 (Deemed Interest)

Remarks
The change in percentage shareholding interest arose as Zheng Dazhai did not subscribe for any Rights Shares under the Rights Issue, and accordingly its percentage shareholding interest in the Company was diluted pursuant to the issue of the Rights Shares. Immediately after the transaction

No. of ordinary voting shares/units held: 12529703 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 4.56000000 (Direct Interest); 0.00000000 (Deemed Interest)

Not applicable. Shareholding percentage immediately before the change in interest is calculated on the basis of 200,486,441 Shares in the capital of the Company (excluding treasury shares). Shareholding percentage immediately after the change in interest is calculated on the basis of 274,740,678 Shares (excluding treasury shares). In this notice, figures are rounded down to the nearest 0.01% and any discrepancies in aggregated figures are due to rounding. On 11 October 2024, the Company announced a renounceable non-underwritten rights issue of up to 74,254,237 new ordinary shares in the capital of the Company ("Rights Shares"), at an issue price of S$0.266 for each Rights Share on the basis of 10 Rights Shares for every 27 existing Shares ("Rights Issue"). The Rights Issue closed on 10 December 2024 and the 4,640,630 nil-paid Rights Shares provisionally allotted to Zheng Dazhai lapsed on the same date. The Rights Shares were issued and allotted on 16 December 2024.

Remarks
The change in percentage shareholding interest arose as Bay Hone Asset Management Pte. Ltd. did not subscribe for any Rights Shares under the Rights Issue, and accordingly its percentage shareholding interest in the Company was diluted pursuant to the issue of the Rights Shares. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 12529703 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.56000000 (Deemed Interest)

Bay Hone Asset Management Pte. Ltd. holds 12,529,703 ordinary shares in the capital of the Company ("Shares") held through its custodian account maintained with Citibank Nominees Singapore Pte Ltd. Xue Jun holds 100% of the issued and paid-up capital of Bay Hone Asset Management Pte. Ltd. Accordingly, Xue Jun is deemed interested in the Shares held by Bay Hone Asset Management Pte. Ltd. by virtue of Section 4 of the Securities and Futures Act 2001 of Singapore. Shareholding percentage immediately before the change in interest is calculated on the basis of 200,486,441 Shares in the capital of the Company (excluding treasury shares). Shareholding percentage immediately after the change in interest is calculated on the basis of 274,740,678 Shares (excluding treasury shares). In this notice, figures are rounded down to the nearest 0.01% and any discrepancies in aggregated figures are due to rounding. On 11 October 2024, the Company announced a renounceable non-underwritten rights issue of up to 74,254,237 new ordinary shares in the capital of the Company ("Rights Shares"), at an issue price of S$0.266 for each Rights Share on the basis of 10 Rights Shares for every 27 existing Shares ("Rights Issue"). The Rights Issue closed on 10 December 2024 and the 4,640,630 nil-paid Rights Shares provisionally allotted to Bay Hone Asset Management Pte. Ltd. lapsed on the same date. The Rights Shares were issued and allotted on 16 December 2024.

Remarks
The change in percentage shareholding interest arose as Bay Hone Asset Management Pte. Ltd. did not subscribe for any Rights Shares under the Rights Issue, and accordingly its percentage shareholding interest in the Company was diluted pursuant to the issue of the Rights Shares. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 12529703 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 4.56000000 (Deemed Interest)

Xue, Jun holds 100% of the issued and paid-up capital of Bay Hone Asset Management Pte. Ltd. Accordingly, Xue Jun is deemed interested in the Shares held by Bay Hone Asset Management Pte. Ltd. by virtue of Section 4 of the Securities and Futures Act 2001 of Singapore. Please refer to paragraph 9 of Substantial Shareholder A above. Please refer to paragraph 12 of Substantial Shareholder A above.

Remarks
The change in percentage shareholding interest arose as Dhu Holding Pte. Ltd. did not subscribe for any Rights Shares under the Rights Issue, and accordingly its percentage shareholding interest in the Company was diluted pursuant to the issue of the Rights Shares. Immediately after the transaction

No. of ordinary voting shares/units held: 35642600 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 12.97000000 (Direct Interest); 0.00000000 (Deemed Interest)

Not applicable. Xiao Xia and Yu Zengqiang hold 70% and 30% respectively of the issued and paid-up share capital of Dhu Holding Pte. Ltd. Accordingly, each of Xiao Xia and Yu Zengqiang is deemed interested in the issued ordinary shares in the capital of the Company ("Shares") held by Dhu Holding Pte. Ltd. by virtue of Section 4 of the Securities and Futures Act 2001 of Singapore. Shareholding percentage immediately before the change in interest is calculated on the basis of 200,486,441 Shares in the capital of the Company (excluding treasury shares). Shareholding percentage immediately after the change in interest is calculated on the basis of 274,740,678 Shares (excluding treasury shares). In this notice, figures are rounded down to the nearest 0.01% and any discrepancies in aggregated figures are due to rounding. On 11 October 2024, the Company announced a renounceable non-underwritten rights issue of up to 74,254,237 new ordinary shares in the capital of the Company ("Rights Shares"), at an issue price of S$0.266 for each Rights Share on the basis of 10 Rights Shares for every 27 existing Shares ("Rights Issue"). The Rights Issue closed on 10 December 2024 and the 13,200,960 nil-paid Rights Shares provisionally allotted to Dhu Holding Pte. Ltd. lapsed on the same date. The Rights Shares were issued and allotted on 16 December 2024.

Remarks
The change in percentage shareholding interest arose as Dhu Holding Pte. Ltd. did not subscribe for any Rights Shares under the Rights Issue, and accordingly its percentage shareholding interest in the Company was diluted pursuant to the issue of the Rights Shares. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 35642600 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 12.97000000 (Deemed Interest)

Xiao Xia and Yu Zengqiang hold 70% and 30% repsectively of the issued and paid-up share capital of Dhu Holding Pte. Ltd., which is a shareholder of the Company. Accordingly, each of Xiao Xia and Yu Zengqiang is deemed interested in the Shares held by Dhu Holding Pte. Ltd. by virtue of Section 4 of the Securities and Futures Act 2001 of Singapore. Please refer to paragraph 9 of Substantial Shareholder A above. Please refer to paragraph 12 of Substantial Shareholder A above.

Remarks
The change in percentage shareholding interest arose as Dhu Holding Pte. Ltd. did not subscribe for any Rights Shares under the Rights Issue, and accordingly its percentage shareholding interest in the Company was diluted pursuant to the issue of the Rights Shares. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 35642600 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 12.97000000 (Deemed Interest)

Please refer to paragraph 8 in respect of Substantial Shareholder B above. Please refer to paragraph 9 in respect of Substantial Shareholder A above. Please refer to paragraph 12 in respect of Substantial Shareholder A above.

Remarks
Lapse of provisional allotment of 13,200,960 Rights Shares pursuant to the renounceable non-underwritten rights issue ("Rights Issue") of up to 74,254,237 new ordinary shares in the capital of the Company ("Rights Shares"), on the basis of 10 Rights Shares for every 27 existing ordinary shares in the capital of the Company held as at the record date of 5:00pm on 21 November 2024, fractional entitlements to be disregarded.

Immediately after the transaction

No. of rights/options/warrants held: 0
No. of shares/units underlying the rights/options/warrants: 0

Xiao Xia holds 70% of the issued and paid-up share capital of Dhu Holding Pte. Ltd., which is a shareholder of the Company. Accordingly, Xiao Xia is deemed interested in the 13,200,960 nil-paid Rights Shares provisionally allotted to Dhu Holding Pte. Ltd. on 26 November 2024, by virtue of section 4 of the Securities and Futures Act 2001 of Singapore. The 13,200,960 nil-paid Rights Shares provisionally allotted to Dhu Holding Pte. Ltd. lapsed on 10 December 2024.

Remarks
Provisional allotment of Rights Shares pursuant to the renounceable non-underwritten rights issue ("Rights Issue") of up to 74,254,237 new ordinary shares in the capital of the Company ("Rights Shares"), on the basis of 10 Rights Shares for every 27 existing ordinary shares in the capital of the Company held as at the record date of 5:00pm on 21 November 2024, fractional entitlements to be disregarded.

Immediately after the transaction

No. of rights/options/warrants held: 13,200,960 nil-paid Rights Shares
No. of shares/units underlying the rights/options/warrants: 13,200,960 unissued ordinary shares pursuant to the nil-paid Rights Shares

Xiao Xia holds 70% of the issued and paid-up share capital of Dhu Holding Pte. Ltd., which is a shareholder of the Company. Accordingly, Xiao Xia is deemed interested in the 13,200,960 nil-paid Rights Shares provisionally allotted to Dhu Holding Pte. Ltd. on 26 November 2024, by virtue of section 4 of the Securities and Futures Act 2001 of Singapore.

Remarks
The number of issued voting shares (excluding treasury shares and subsidiary holdings) of HG Metal Manufacturing Limited (the "Company") has increased from 166,486,441 ordinary shares to 200,486,441 ordinary shares following the allotment and issuance of the second tranche of 34,000,000 new ordinary shares in the capital of the Company pursuant to the placement agreement dated 25 March 2024. Immediately after the transaction

No. of ordinary voting shares/units held: 12529703 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 6.25000000 (Direct Interest); 0.00000000 (Deemed Interest)

The percentage of shareholding interest disclosed herein is calculated based on (a) the total number of 166,486,441 issued ordinary shares in the capital of the Company (excluding treasury shares and subsidiary holdings) immediately prior to the allotment and issuance of the second tranche of 34,000,000 new ordinary shares in the capital of the Company pursuant to the placement agreement dated 25 March 2024, and (b) the total number of 200,486,441 issued ordinary shares in the capital of the Company (excluding treasury shares and subsidiary holdings) immediately after such issuance.

Remarks
The number of issued voting shares (excluding treasury shares and subsidiary holdings) of HG Metal Manufacturing Limited (the "Company") has increased from 166,486,441 ordinary shares to 200,486,441 ordinary shares following the allotment and issuance of the second tranche of 34,000,000 new ordinary shares in the capital of the Company pursuant to the placement agreement dated 25 March 2024. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 12529703 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 6.25000000 (Deemed Interest)

Bay Hone Asset Management Pte. Ltd. is deemed interested in 12,529,703 shares held through its custodian account maintained with Citibank Nominees Singapore Pte Ltd. Mr. Xue Jun holds 100 % of the issued and paid-up capital of Bay Hone Asset Management Pte. Ltd. Accordingly, Mr. Xue Jun is deemed interested in the shares in the Company held by Bay Hone Asset Management Pte. Ltd. by virtue of section 4 of the Securities and Futures Act 2001 of Singapore. The percentage of shareholding interest disclosed herein is calculated based on (a) the total number of 166,486,441 issued ordinary shares in the capital of the Company (excluding treasury shares and subsidiary holdings) immediately prior to the allotment and issuance of the second tranche of 34,000,000 new ordinary shares in the capital of the Company pursuant to the placement agreement dated 25 March 2024, and (b) the total number of 200,486,441 issued ordinary shares in the capital of the Company (excluding treasury shares and subsidiary holdings) immediately after such issuance.

Remarks
The number of issued voting shares (excluding treasury shares and subsidiary holdings) of HG Metal Manufacturing Limited (the "Company") has increased from 166,486,441 ordinary shares to 200,486,441 ordinary shares following the allotment and issuance of the second tranche of 34,000,000 new ordinary shares in the capital of the Company pursuant to the placement agreement dated 25 March 2024. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 12529703 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 6.25000000 (Deemed Interest)

Please refer to paragraph 9 in respect of Substantial Shareholder A above. Please refer to paragraph 9 in respect of Substantial Shareholder A above. Please refer to paragraph 12 in respect of Substantial Shareholder A above.

Remarks
The number of issued voting shares (excluding treasury shares and subsidiary holdings) of HG Metal Manufacturing Limited (the "Company") has increased from 166,486,441 ordinary shares to 200,486,441 ordinary shares following the allotment and issuance of the second tranche of 34,000,000 new ordinary shares in the capital of the Company pursuant to the placement agreement dated 25 March 2024. Immediately after the transaction

No. of ordinary voting shares/units held: 35642600 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 17.78000000 (Direct Interest); 0.00000000 (Deemed Interest)

Xiao Xia (Substantial Shareholder B referred to below) and Yu Zengqiang (Substantial Shareholder C referred to below) hold 70% and 30% respectively of the issued and paid-up share capital of Dhu Holding Pte. Ltd.. Accordingly, each of Xiao Xia and Yu Zengqiang is deemed interested in the shares in the Company held by Dhu Holding Pte. Ltd. by virtue of section 4 of the Securities and Futures Act 2001 of Singapore. The percentage of shareholding interest disclosed herein is calculated based on (a) the total number of 166,486,441 issued ordinary shares in the capital of the Company (excluding treasury shares and subsidiary holdings) immediately prior to the allotment and issuance of the second tranche of 34,000,000 new ordinary shares in the capital of the Company pursuant to the placement agreement dated 25 March 2024, and (b) the total number of 200,486,441 issued ordinary shares in the capital of the Company (excluding treasury shares and subsidiary holdings) immediately after such issuance.

Remarks
The number of issued voting shares (excluding treasury shares and subsidiary holdings) of HG Metal Manufacturing Limited (the "Company") has increased from 166,486,441 ordinary shares to 200,486,441 ordinary shares following the allotment and issuance of the second tranche of 34,000,000 new ordinary shares in the capital of the Company pursuant to the placement agreement dated 25 March 2024. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 35642600 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 17.78000000 (Deemed Interest)

Please refer to paragraph 9 in respect of Substantial Shareholder A above. Please refer to paragraph 9 in respect of Substantial Shareholder A above. Please refer to paragraph 12 in respect of Substantial Shareholder A above.

Remarks
The number of issued voting shares (excluding treasury shares and subsidiary holdings) of HG Metal Manufacturing Limited (the "Company") has increased from 166,486,441 ordinary shares to 200,486,441 ordinary shares following the allotment and issuance of the second tranche of 34,000,000 new ordinary shares in the capital of the Company pursuant to the placement agreement dated 25 March 2024. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 35642600 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 17.78000000 (Deemed Interest)

Please refer to paragraph 9 in respect of Substantial Shareholder A above. Please refer to paragraph 9 in respect of Substantial Shareholder A above. Please refer to paragraph 12 in respect of Substantial Shareholder A above.

Remarks
Acquisition of Securities via a placement

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 58140000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 29.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via a placement

Immediately after the transaction

No. of ordinary voting shares/units held: 58140000 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 29.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

On 15 August 2024, HG Metal Manufacturing Limited ("Company") has completed the allotment and issue of 34,000,000 new ordinary shares, being the second tranche of placement shares under the placement agreement signed on 25 March 2024 between the Company and Green Esteel ("Second and final Tranche Placement").

Mr. You Zhenhua ("Mr. You"), Advance Venture Investments Limited ("AVIL") and Theme International Holdings Limited ("Theme International") hold interests of approximately 39.69%, 36.97% and 20.50%, respectively, in Green Esteel. For completeness, Mr. You also holds (i) 100% interest in Wide Bridge Limited which holds 63.06% of Theme International, and (ii) 100% interests in AVIL.

Each of Mr. You, AVIL, Theme International and Wide Bridge Limited is deemed interested in the Shares held by Green Esteel pursuant to Section 4 of the Securities and Futures Act 2001 of Singapore.

The percentage of shareholding interest disclosed herein is calculated based on (a) the total number of 166,486,441 issued ordinary shares in the capital of the Company (excluding treasury shares and subsidiary holdings) immediately prior to the allotment and issuance of the second tranche of 34,000,000 new ordinary shares in the capital of the Company pursuant to the placement agreement dated 25 March 2024, and (b) the total number of 200,486,441 issued ordinary shares in the capital of the Company (excluding treasury shares and subsidiary holdings) immediately after such issuance.

Remarks
Acquisition of Securities via a placement

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 58140000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 29.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via a placement

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 58140000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 29.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via a placement

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 58140000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 29.00000000 (Deemed Interest)

Remarks
On 26 July 2024, Mr. Xue Jun transferred 12,529,703 shares held through his custodian account maintained with Citibank Nominees Singapore Pte Ltd to Bay Hone Asset Management Pte. Ltd.'s custodian account maintained with Citibank Nominees Singapore Pte Ltd.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 12529703 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 7.53000000 (Deemed Interest)

On 26 July 2024, Mr. Xue Jun transferred 12,529,703 shares held through his custodian account maintained with Citibank Nominees Singapore Pte Ltd to Bay Hone Asset Management Pte. Ltd.'s custodian account maintained with Citibank Nominees Singapore Pte Ltd. Bay Hone Asset Management Pte. Ltd. is deemed interested in the 12,529,703 shares held through its custodian account maintained with Citibank Nominees Singapore Pte Ltd.

Mr. Xue Jun holds 100 % of the issued and paid-up capital of Bay Hone Asset Management Pte. Ltd. Accordingly, Mr. Xue Jun is deemed interested in the shares in the Company held by Bay Hone Asset Management Pte. Ltd. by virtue of section 4 of the Securities and Futures Act 2001 of Singapore.

The percentage of shareholding interest disclosed herein is calculated based on the total number of 166,486,441 issued ordinary shares in the capital of the Company (excluding treasury shares and subsidiary holdings).

Remarks
On 26 July 2024, Mr. Xue Jun transferred 12,529,703 shares held through his custodian account maintained with Citibank Nominees Singapore Pte Ltd to Bay Hone Asset Management Pte. Ltd.'s custodian account maintained with Citibank Nominees Singapore Pte Ltd. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 12529703 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 7.53000000 (Deemed Interest)

Please refer to paragraph 9 in respect of Substantial Shareholder A above. Please refer to paragraph 9 in respect of Substantial Shareholder A above. Please refer to paragraph 12 in respect of Substantial Shareholder A above.

Remarks
Deposit/transfer of scrip shares to a custodian account held with Citibank Nominees Singapore Pte Ltd. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 12529703 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 7.53000000 (Deemed Interest)

Mr. Xue Jun is deemed interested in 12,529,703 shares held through his custodian account maintained with Citibank Nominees Singapore Pte Ltd. The percentage of shareholding interest disclosed herein is calculated based on the total number of 166,486,441 issued ordinary shares in the capital of the Company (excluding treasury shares and subsidiary holdings).

Remarks
The number of issued voting shares (excluding treasury shares and subsidiary holdings) of HG Metal Manufacturing Limited (the "Company") has increased from 150,356,441 ordinary shares to 166,486,441 ordinary shares following the allotment and issuance of the first tranche of 16,130,000 new ordinary shares in the capital of the Company pursuant to the placement agreement dated 25 March 2024. Immediately after the transaction

No. of ordinary voting shares/units held: 12529703 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 7.53000000 (Direct Interest); 0.00000000 (Deemed Interest)

Not applicable. The percentage of shareholding interest disclosed herein is calculated based on (a) the total number of 150,356,441 issued ordinary shares in the capital of the Company (excluding treasury shares and subsidiary holdings) immediately prior to the allotment and issuance of the first tranche of 16,130,000 new ordinary shares in the capital of the Company pursuant to the placement agreement dated 25 March 2024, and (b) the total number of 166,486,441 issued ordinary shares in the capital of the Company (excluding treasury shares and subsidiary holdings) immediately after such issuance.

Remarks
The number of issued voting shares (excluding treasury shares and subsidiary holdings) of HG Metal Manufacturing Limited (the "Company") has increased from 150,356,441 ordinary shares to 166,486,441 ordinary shares following the allotment and issuance of the first tranche of 16,130,000 new ordinary shares in the capital of the Company pursuant to the placement agreement dated 25 March 2024. Immediately after the transaction

No. of ordinary voting shares/units held: 12529703 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 7.53000000 (Direct Interest); 0.00000000 (Deemed Interest)

Not applicable. The percentage of shareholding interest disclosed herein is calculated based on (a) the total number of 150,356,441 issued ordinary shares in the capital of the Company (excluding treasury shares and subsidiary holdings) immediately prior to the allotment and issuance of the first tranche of 16,130,000 new ordinary shares in the capital of the Company pursuant to the placement agreement dated 25 March 2024, and (b) the total number of 166,486,441 issued ordinary shares in the capital of the Company (excluding treasury shares and subsidiary holdings) immediately after such issuance.

Remarks
The number of issued voting shares (excluding treasury shares and subsidiary holdings) of the Company has increased from 150,356,441 ordinary shares to 166,486,441 ordinary shares following the allotment and issuance of the first tranche of 16,130,000 new ordinary shares in the capital of the Company pursuant to the placement agreement dated 25 March 2024. Immediately after the transaction

No. of ordinary voting shares/units held: 35642600 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 21.41000000 (Direct Interest); 0.00000000 (Deemed Interest)

Xiao Xia (Substantial Shareholder B referred to below) and Yu Zengqiang (Substantial Shareholder C referred to below) hold 70% and 30% respectively of the issued and paid-up share capital of Dhu Holding Pte. Ltd.. Accordingly, each of Xiao Xia and Yu Zengqiang is deemed interested in the shares in the Company held by Dhu Holding Pte. Ltd. by virtue of section 4 of the Securities and Futures Act 2001 of Singapore. The percentage of shareholding interest disclosed herein is calculated based on (a) the total number of 150,356,441 issued ordinary shares in the capital of the Company (excluding treasury shares and subsidiary holdings) immediately prior to the allotment and issuance of the first tranche of 16,130,000 new ordinary shares in the capital of the Company pursuant to the placement agreement dated 25 March 2024, and (b) the total number of 166,486,441 issued ordinary shares in the capital of the Company (excluding treasury shares and subsidiary holdings) immediately after such issuance.

Remarks
The number of issued voting shares (excluding treasury shares and subsidiary holdings) of the Company has increased from 150,356,441 ordinary shares to 166,486,441 ordinary shares following the allotment and issuance of the first tranche of 16,130,000 new ordinary shares in the capital of the Company pursuant to the placement agreement dated 25 March 2024. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 35642600 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.41000000 (Deemed Interest)

Please refer to paragraph 9 in respect of Substantial Shareholder A above. Please refer to paragraph 9 in respect of Substantial Shareholder A above. Please refer to paragraph 12 in respect of Substantial Shareholder A above.

Remarks
The number of issued voting shares (excluding treasury shares and subsidiary holdings) of the Company has increased from 150,356,441 ordinary shares to 166,486,441 ordinary shares following the allotment and issuance of the first tranche of 16,130,000 new ordinary shares in the capital of the Company pursuant to the placement agreement dated 25 March 2024. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 35642600 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.41000000 (Deemed Interest)

Please refer to paragraph 9 in respect of Substantial Shareholder A above. Please refer to paragraph 9 in respect of Substantial Shareholder A above. Please refer to paragraph 12 in respect of Substantial Shareholder A above.

Remarks
Acquisition of Securities via a placement

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 24140000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 14.50000000 (Deemed Interest)

Remarks
Acquisition of Securities via a placement

Immediately after the transaction

No. of ordinary voting shares/units held: 24140000 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 14.50000000 (Direct Interest); 0.00000000 (Deemed Interest)

On 28 June 2024, HG Metal Manufacturing Limited ("Company") has completed the allotment and issue of 16,130,000 new ordinary shares, being the first tranche of placement shares under the placement agreement signed on 25 March 2024 between the Company and Green Esteel ("First Tranche Placement").

Mr. You Zhenhua ("Mr. You"), Advance Venture Investments Limited ("AVIL") and Theme International Holdings Limited ("Theme International") hold interests of approximately 39.69%, 36.97% and 20.50%, respectively, in Green Esteel. For completeness, Mr. You also holds (i) 100% interest in Wide Bridge Limited which holds 63.06% of Theme International, and (ii) 100% interests in AVIL.

Each of Mr. You, AVIL, Theme International and Wide Bridge Limited is deemed interested in the Shares held by Green Esteel pursuant to Section 4 of the Securities and Futures Act 2001 of Singapore.

The percentage of shareholding interest disclosed herein is calculated based on (a) the total number of 150,356,441 issued ordinary shares in the capital of the Company (excluding treasury shares and subsidiary holdings) immediately prior to the allotment and issuance of the first tranche of 16,130,000 new ordinary shares in the capital of the Company pursuant to the placement agreement dated 25 March 2024, and (b) the total number of 166,486,441 issued ordinary shares in the capital of the Company (excluding treasury shares and subsidiary holdings) immediately after such issuance.

Remarks
Acquisition of Securities via a placement

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 24140000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 14.50000000 (Deemed Interest)