BHCC subsidiary's land lease bid triggers discloseable, connected transaction

On September 9, 2025, BHCC Project 2, an indirect wholly-owned subsidiary of BHCC Holding Limited, along with Evermega, jointly submitted a tender for the lease of an industrial land parcel in Singapore. As part of this submission, a tender deposit of approximately S$3,000,000 was paid to Jurong Town Corporation. This amount represents no less than 5% of the total Tender Price, and BHCC Project 2's portion was funded by the group's internal resources.

This payment constitutes a discloseable transaction for the company under Chapter 14 of the Listing Rules, as its applicable percentage ratios exceed 5% but are under 25%. Furthermore, as Evermega is a direct holder of 30% of the issued share capital of Tai Seng Food Point Pte. Ltd. (an indirect non-wholly owned subsidiary of the company), it is considered a connected person at the subsidiary level. Consequently, the tender deposit payment is also a connected transaction under Chapter 14A of the Listing Rules, although it is exempt from shareholders' approval.

Prior to this, BHCC Project 2 and Evermega entered into a Pre-bid Agreement for the joint tender submission and the intended incorporation of a JV company, which BHCC Project 2 is to own 60%, for the lease and development of the land if the tender is accepted. The formation of this JV company, if materialized, will also constitute a connected transaction at the subsidiary level.