Key Facts & Summary for Investors:

• Offer: Patec Pte. Ltd., through United Overseas Bank (UOB), is making a mandatory conditional cash offer to acquire all issued and paid-up ordinary shares of Broadway Industrial Group Limited (BIGL), except those already owned or agreed to be acquired by Patec.

• Offer Price: Each share is priced at S$0.197 in cash, marking a 27.1% premium over the 12-month volume-weighted average price (VWAP) and lower premia for 6, 3, and 1-month VWAPs.

• Acquisition Requirement: The offer becomes unconditional if Patec, along with concerted parties, holds more than 50% of total voting shares at the close of the offer.

• Important Dates: The offer document will be dispatched to shareholders within 14-21 days from the announcement date, October 28, 2024.

• Listing Status and Compulsory Acquisition: If Patec garners over 90% ownership, it intends to delist BIGL and possibly undertake compulsory acquisition under Singapore law. Patec’s objective is to make BIGL a wholly-owned subsidiary.

Investor Guidance: Investors are advised to evaluate the premium offer price and the opportunity for liquidation at a higher-than-average price. The pending Independent Financial Advisor (IFA) recommendation and further operational strategies from Patec may provide additional insights.