Cessation of Appointment of Executive Director and Chief Executive Officer

Date: February 27, 2026

TO THE BOARD OF DIRECTORS

VIBRANT GROUP LIMITED

Re: CESSATION OF APPOINTMENT OF EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER

We refer to the Company’s announcement on 16 February 2026 in relation to the cessation of appointment of Mr Eric Khua Kian Keong (“Mr Eric Khua”) as Executive Director and Chief Executive Officer due to health reasons (the “Cessation Announcement”).

We note that the High Court of Singapore has around the time of the Cessation Announcement upheld the custodial sentence of Mr Eric Khua meted out by the State Court of a total of 13 months’ (2 additional months in lieu of six strokes of the cane) imprisonment for causing grievous hurt (the “Criminal Conviction and Custodial Sentence”).

We ask the Board the following questions in the interests of your shareholders:

1. Did the Board verify the reason for Mr Eric Khua’s cessation as set out in the Cessation Announcement, and if so, what actions did the Board undertake to ensure that the Cessation Announcement was true and accurate and not in any way misleading to the market?

2. When did Mr Eric Khua first learn that his appeal to the High Court against his criminal conviction and custodial sentence was unsuccessful (the “Unsuccessful Appeal”)? Did the High Court make an oral judgement of the Unsuccessful Appeal in the presence of Mr Eric Khua and his lawyers, before the actual publication of the written judgement, and if so, when did the High Court pronounce the oral judgement?

3. Was the Board aware of the Unsuccessful Appeal, and if so, how and when did the Board learn of the fact that Mr Eric Khua did not succeed in his appeal against the Criminal Conviction and Custodial Sentence? What was/were the reason(s) for not announcing the Unsuccessful Appeal as soon as the Board was aware of the fact?

It is of paramount importance that the Board expeditiously replies to the above questions and publish its responses on SGX-NET as soon as possible, to ensure that the market has the complete and accurate information regarding Mr Eric Khua’s cessation of appointment as the Company’s Executive Director and Chief Executive Officer.

We trust that you will respond in the interest of your stakeholders.

Yours faithfully,
David Gerald
Founder, President and CEO
SIAS

Click here to see the reply from Singapore Vibrant Group Limited