The Board of Directors of Time wishes to announce that the Company intends to seek approval from its shareholders for the Proposed Shareholders' Mandate for RRPT at its forthcoming 28th Annual General Meeting ("AGM").

The Company had procured its shareholders' mandate at its 27th AGM held on 12 June 2024, to allow the Group to enter into the RRPT of a revenue or trading nature with the related parties. The shareholders' mandate will lapse upon the conclusion of the forthcoming 28th AGM unless the mandate is renewed.

A circular containing the details of the Proposed Shareholders' Mandate for RRPT will be issued to the shareholders of the Company in due course.

This announcement is dated 26 February 2025.