Remarks
On 29 May 2026, Lippo Limited ("LL") distributed all of its shares held in Skyscraper Realty Limited ("SRL") by way of a distribution in specie to its shareholders on a pro rata basis (the "DIS") and ceased to be the holding company of SRL. Accordingly, LL is no longer deemed (through SRL) to have an interest in the 96,473,203 ordinary shares in the capital of TIH Limited ("Shares") in which KUL (as defined below) has an interest.

Immediately after the transaction

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

Prior to the DIS, LL was the holding company of SRL. SRL holds more than 20% of the issued share capital of Lippo China Resources Limited ("LCR"). LCR is the holding company of Rickon Holdings Limited ("RHL"). RHL is the holding company of Tamsett Holdings Limited ("THL"). THL is the holding company of Kaiser Union Limited ("KUL"). KUL holds a direct interest in 96,473,203 Shares. Accordingly, immediately before the DIS, LL was deemed to have an interest in the 96,473,203 Shares in which KUL has an interest.

After the DIS, LL is no longer deemed (through SRL) to have an interest in the 96,473,203 Shares in which KUL has an interest.

The percentage of shareholding interest is calculated on the basis of 241,685,638 Shares in issue, and rounded to the nearest 0.01%.

Remarks
The deemed interest of Songren Road Limited ("SRL") arises from a share charge arrangement, under which SRL holds a fixed charge over 16,000,000 ordinary shares of TIH Limited ("TIH Shares") (approximately 6.62% of the total number of voting shares of TIH Limited). The charge was recorded in the Central Depository (Pte) Limited ("CDP") on 8 May 2026, pursuant to which SRL has a security interest over the shares, including rights to acquire, dispose of, or have the shares transferred to it or its order upon the occurrence of a trigger event under the relevant transaction documents.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 72460089 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 29.98 (Deemed Interest)

Ms Angie Li Yick Yee is deemed interested in 72,460,089 TIH Shares, comprising:
a) 56,460,089 TIH Shares in which Alexandra Road Limited ("ARL") has a direct interest; and
b) 16,000,000 TIH Shares in which SRL is deemed to have an interest.

Ms Angie Li is deemed interested in all the TIH Shares in which ARL and SRL have an interest, both directly and indirectly, as Argyle Street Management Limited ("ASML") is accustomed to act in accordance with her directions, instructions or wishes.

Argyle Street Management Holdings Limited ("ASMHL") is the holding company of ASML.

ASMHL is deemed interested in 56,460,089 TIH Shares owned by ARL by virtue of its interest in ASML, which in turn has the ability to exercise or control the exercise of rights attached to all the TIH Shares owned by ARL.

ASMHL is deemed interested in 16,000,000 TIH Shares by virtue of its interest in SRL, which is deemed interested in such shares pursuant to the share charge arrangement.

Remarks
The deemed interest of Songren Road Limited ("SRL") arises from a share charge arrangement, under which SRL holds a fixed charge over 16,000,000 ordinary shares of TIH Limited ("TIH Shares") (approximately 6.62% of the total number of voting shares of TIH Limited). The charge was recorded in the Central Depository (Pte) Limited ("CDP") on 8 May 2026, pursuant to which SRL has a security interest over the shares, including rights to acquire, dispose of, or have the shares transferred to it or its order upon the occurrence of a trigger event under the relevant transaction documents.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 72460089 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 29.98 (Deemed Interest)

Mr Kin Chan is deemed interested in 72,460,089 TIH Shares, comprising:
a) 56,460,089 TIH Shares in which Alexandra Road Limited ("ARL") has a direct interest; and
b) 16,000,000 TIH Shares in which SRL is deemed to have an interest.

Mr Kin Chan is deemed interested in all the TIH Shares in which ARL and SRL have an interest, both directly and indirectly, as he has a controlling interest in Argyle Street Management Holdings Limited ("ASMHL"), and Argyle Street Management Limited ("ASML") and ASMHL are accustomed to act in accordance with his directions, instructions or wishes.

ASMHL is the holding company of ASML.

ASMHL is deemed interested in 56,460,089 TIH Shares owned by ARL by virtue of its interest in ASML, which in turn has the ability to exercise or control the exercise of rights attached to all the TIH Shares owned by ARL.

ASMHL is deemed interested in 16,000,000 TIH Shares by virtue of its interest in SRL, which is deemed interested in such shares pursuant to the share charge arrangement.

Remarks
The deemed interest of SRL arises from a share charge arrangement, under which SRL holds a fixed charge over 16,000,000 TIH shares (approximately 6.62% of the total number of voting shares of TIH Limited). The charge was recorded in the CDP on 8 May 2026, pursuant to which SRL has a security interest over the shares, including rights to acquire, dispose of, or have the shares transferred to it or its order upon the occurrence of a trigger event under the relevant transaction documents.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 72460089 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 29.98 (Deemed Interest)

ASMHL is deemed interested in 72,460,089 TIH Shares, comprising:
(a) 56,460,089 TIH Shares in which ARL has a direct interest; and
(b) 16,000,000 TIH Shares in which SRL is deemed to have an interest.

ASMHL is deemed interested in 56,460,089 TIH Shares owned by ARL by virtue of its interest in ASML, which in turn has the ability to exercise or control the exercise of rights attached to all the TIH Shares owned by ARL.

ASMHL is deemed interested in 16,000,000 TIH Shares by virtue of its interest in SRL, which is deemed interested in such shares pursuant to the share charge arrangement.

ASMHL is deemed interested in all the TIH Shares owned by ARL as ASMHL is the holding company of ASML, which in turn has the ability to exercise or control the exercise of rights attached to all the TIH Shares owned by ARL.

ASMHL is also deemed interested in all the TIH Shares in which SRL is deemed to have an interest, as ASMHL is the holding company of SRL.

As Mr V-Nee Yeh has a controlling interest in ASMHL, and ASML and ASMHL are accustomed to act in accordance with his directions, instructions or wishes, he is deemed interested in all the TIH Shares in which ARL and SRL have an interest, both directly and indirectly.

Remarks
The deemed interest of SRL arises from a share charge arrangement, under which SRL holds a fixed charge over 16,000,000 TIH shares (approximately 6.62% of the total number of voting shares of TIH Limited). The charge was recorded in the CDP on 8 May 2026, pursuant to which SRL has a security interest over the shares, including rights to acquire, dispose of, or have the shares transferred to it or its order upon the occurrence of a trigger event under the relevant transaction documents.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 16000000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 6.62 (Deemed Interest)

Songren Road Limited ("SRL") is deemed interested in 16,000,000 ordinary shares of TIH Limited ("TIH Shares") pursuant to a share charge arrangement. The charge was recorded in the Central Depository (Pte) Limited ("CDP") on 8 May 2026, under which SRL has a security interest over such shares, including rights to acquire, dispose of, or have the shares transferred to it or its order upon the occurrence of a trigger event under the relevant transaction documents.

Argyle Street Management Holdings Limited ("ASMHL") is deemed interested in all the ordinary shares of TIH Limited ("TIH Shares") owned by Alexandra Road Limited ("ARL") as ASMHL is the holding company of Argyle Street Management Limited ("ASML"), which in turn has the ability to exercise or control the exercise of rights attached to all the TIH Shares owned by ARL.

ASMHL is also deemed interested in all the TIH Shares in which SRL is deemed to have an interest, as ASMHL is the holding company of SRL.

As Mr V-Nee Yeh has a controlling interest in ASMHL, and ASML and ASMHL are accustomed to act in accordance with his directions, instructions or wishes, he is deemed interested in all the TIH Shares in which ARL and SRL have an interest, both directly and indirectly.

Remarks
The deemed interest of SRL arises from a share charge arrangement, under which SRL holds a fixed charge over 16,000,000 TIH shares (approximately 6.62% of the total number of voting shares of TIH Limited). The charge was recorded in the CDP on 8 May 2026, pursuant to which SRL has a security interest over the shares, including rights to acquire, dispose of, or have the shares transferred to it or its order upon the occurrence of a trigger event under the relevant transaction documents.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 72460089 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 29.98 (Deemed Interest)

Mr V-Nee Yeh is deemed interested in 72,460,089 TIH Shares, comprising:
a) 56,460,089 TIH Shares in which ARL has a direct interest; and
b) 16,000,000 TIH Shares in which SRL is deemed to have an interest.

Mr V-Nee Yeh is deemed interested in all the TIH Shares in which ARL and SRL have an interest, both directly and indirectly, as he has a controlling interest in ASMHL, and ASML and ASMHL are accustomed to act in accordance with his directions, instructions or wishes.

ASMHL is deemed interested in 56,460,089 TIH Shares owned by ARL by virtue of its interest in ASML, which in turn has the ability to exercise or control the exercise of rights attached to all the TIH Shares owned by ARL.

ASMHL is deemed interested in 16,000,000 TIH Shares by virtue of its interest in SRL, which is deemed interested in such shares pursuant to the share charge arrangement.

ASMHL is deemed interested in all the TIH Shares owned by ARL as ASMHL is the holding company of ASML, which in turn has the ability to exercise or control the exercise of rights attached to all the TIH Shares owned by ARL.

ASMHL is also deemed interested in all the TIH Shares in which SRL is deemed to have an interest, as ASMHL is the holding company of SRL.

As Mr V-Nee Yeh has a controlling interest in ASMHL, and ASML and ASMHL are accustomed to act in accordance with his directions, instructions or wishes, he is deemed interested in all the TIH Shares in which ARL and SRL have an interest, both directly and indirectly.

Remarks
Pursuant to the privatisation of Lippo Limited ("LL") by LL Capital Holdings Limited by way of a scheme of arrangement which became effective on 23 September 2025, LL Capital Holdings Limited acquired more than 20% of the issued share capital of LL.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 96473203 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 39.92000000 (Deemed Interest)

Kaiser Union Limited ("KUL") holds 96,473,203 ordinary shares in the capital of TIH Limited ("Shares"). LL Capital Holdings Limited holds more than 20% of the issued share capital of LL. LL is the holding company of Skyscraper Realty Limited ("SRL"). SRL holds more than 20% of the issued share capital of Lippo China Resources Limited ("LCR"). LCR is the holding company of Rickon Holdings Limited ("RHL"). RHL is the holding company of Tamsett Holdings Limited ("THL"). THL is the holding company of KUL. Accordingly, LL Capital Holdings Limited is deemed to have an interest in the 96,473,203 Shares in which KUL has an interest.

Pursuant to the privatisation of LL by LL Capital Holdings Limited by way of a scheme of arrangement which became effective on 23 September 2025, LL Capital Holdings Limited acquired more than 20% of the issued share capital of LL.

The percentage of shareholding interest immediately after the transaction is calculated on the basis of 241,685,638 Shares in issue, and rounded to the nearest 0.01%.

Remarks
Inheritance from LEONG HO GONG CLIFF who passed away

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 24576126 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 10.17000000 (Deemed Interest)

The 24,576,126 TIH shares is being held by Transpac Investments Limited; Leong Ma Li owned 100% of Clege & Co Limited and Clege & Co Limited held 100% of Transpac Investments Limited

Remarks
LEONG HO GONG CLIFF passed away on 9 June 2024

Immediately after the transaction

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

The 24,576,126 TIH shares is being held by Transpac Investments Limited; Leong Ho Gong Cliff owned 100% of Clege & Co Limited and Clege & Co Limited held 100% of Transpac Investments Limited

Remarks
Immediately after the transaction

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

Prior to the transaction which is the subject matter of this disclosure, (1) FTC held all the outstanding shares in the capital of Skyscraper Realty Limited ("SRL") and (2) Lippo Limited ("LL") held all the outstanding shares in FTC. In turn, SRL had a deemed interest in 96,473,203 TIH shares, representing 39.92% of all the outstanding TIH shares. As such, FTC and LL had a deemed interest in all such shares.

On 29 December 2022, FTC transferred all its SRL shares to LL. As a result, FTC ceased to have a deemed interest in any TIH shares held by SRL.

Remarks
Alexandra Road Limited ("ARL") acquired 3,044,823 ordinary shares ("TIH Shares") in the issued share capital of TIH Limited ("TIH"), being approximately 1.26% of the total number of TIH Shares in the issued share capital of TIH, from a third party (the "Purchase"). Accordingly, immediately following the Purchase, the total number of TIH Shares held by ARL is 56,460,089 TIH Shares, being approximately 23.36% of the total number of TIH Shares in the issued share capital of TIH.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 56460089 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 23.36000000 (Deemed Interest)

Argyle Street Management Limited ("ASML") is deemed interested in all the TIH Shares held by ARL as ASML has the ability to exercise or control the exercise of rights attached to all the TIH Shares held by ARL. Argyle Street Management Holdings ("ASMHL") Limited is deemed interested in all the TIH Shares held by ARL as ASMHL is the holding company of ASML. As Angie Li Yick Yee is a partner of ASML and a holder of shares in ASMHL, she is deemed interested in all the TIH Shares held by ARL.

Remarks
Alexandra Road Limited ("ARL") acquired 3,044,823 ordinary shares ("TIH Shares") in the issued share capital of TIH Limited ("TIH"), being approximately 1.26% of the total number of TIH Shares in the issued share capital of TIH, from a third party (the "Purchase"). Accordingly, immediately following the Purchase, the total number of TIH Shares held by ARL is 56,460,089 TIH Shares, being approximately 23.36% of the total number of TIH Shares in the issued share capital of TIH.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 56460089 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 23.36000000 (Deemed Interest)

Argyle Street Management Limited ("ASML") is deemed interested in all the TIH Shares held by ARL as ASML has the ability to exercise or control the exercise of rights attached to all the TIH Shares held by ARL. Argyle Street Management Holdings ("ASMHL") Limited is deemed interested in all the TIH Shares held by ARL as ASMHL is the holding company of ASML. As Kin Chan has a controlling interest in ASMHL, and ASML and ASHML are accustomed to act in accordance with his directions, he is deemed interested in all the TIH Shares held by ARL.

Remarks
Alexandra Road Limited ("ARL") acquired 3,044,823 ordinary shares ("TIH Shares") in the issued share capital of TIH Limited ("TIH"), being approximately 1.26% of the total number of TIH Shares in the issued share capital of TIH, from a third party (the "Purchase"). Accordingly, immediately following the Purchase, the total number of TIH Shares held by ARL is 56,460,089 TIH Shares, being approximately 23.36% of the total number of TIH Shares in the issued share capital of TIH.

Immediately after the transaction

No. of ordinary voting shares/units held: 56460089 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 23.36000000 (Direct Interest); 0.00000000 (Deemed Interest)

Argyle Street Management Limited ("ASML") is deemed interested in all the ordinary shares in the issued share capital of TIH Limited ("TIH Shares") held by Alexandra Road Limited ("ARL") as ASML has the ability to exercise or control the exercise of rights attached to all the TIH Shares held by ARL. Argyle Street Management Holdings Limited ("ASMHL") is deemed interested in all the TIH Shares held by ARL as ASMHL is the holding company of ASML. As V-Nee Yeh has a controlling interest in ASMHL, and ASML and ASHML are accustomed to act in accordance with his directions, he is deemed interested in all the TIH Shares held by ARL.

Remarks
Alexandra Road Limited ("ARL") acquired 3,044,823 ordinary shares ("TIH Shares") in the issued share capital of TIH Limited ("TIH"), being approximately 1.26% of the total number of TIH Shares in the issued share capital of TIH, from a third party (the "Purchase"). Accordingly, immediately following the Purchase, the total number of TIH Shares held by ARL is 56,460,089 TIH Shares, being approximately 23.36% of the total number of TIH Shares in the issued share capital of TIH.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 56460089 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 23.36000000 (Deemed Interest)

ASML is deemed interested in all the TIH Shares held by ARL as ASML has the ability to exercise or control the exercise of rights attached to all the TIH Shares held by ARL. ASMHL is deemed interested in all the TIH Shares held by ARL as ASMHL is the holding company of ASML.

ASML is deemed interested in all the TIH Shares acquired by ARL as ASML has the ability to exercise or control the exercise of rights attached to all the TIH Shares held by ARL. ASMHL is deemed interested in all the TIH Shares held by ARL as ASMHL is the holding company of ASML. As V-Nee Yeh has a controlling interest in ASMHL, and ASML and ASHML are accustomed to act in accordance with his directions, he is deemed interested in all the TIH Shares held by ARL.

Remarks
Alexandra Road Limited ("ARL") acquired 3,044,823 ordinary shares ("TIH Shares") in the issued share capital of TIH Limited ("TIH"), being approximately 1.26% of the total number of TIH Shares in the issued share capital of TIH, from a third party (the "Purchase"). Accordingly, immediately following the Purchase, the total number of TIH Shares held by ARL is 56,460,089 TIH Shares, being approximately 23.36% of the total number of TIH Shares in the issued share capital of TIH.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 56460089 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 23.36000000 (Deemed Interest)

ASML is deemed interested in all the TIH Shares held by ARL as ASML has the ability to exercise or control the exercise of rights attached to all the TIH Shares held by ARL.

ASML is deemed interested in all the TIH Shares acquired by ARL as ASML has the ability to exercise or control the exercise of rights attached to all the TIH Shares held by ARL. ASMHL is deemed interested in all the TIH Shares held by ARL as ASMHL is the holding company of ASML. As V-Nee Yeh has a controlling interest in ASMHL, and ASML and ASHML are accustomed to act in accordance with his directions, he is deemed interested in all the TIH Shares held by ARL.

Remarks
Alexandra Road Limited ("ARL") acquired 3,044,823 ordinary shares ("TIH Shares") in the issued share capital of TIH Limited ("TIH"), being approximately 1.26% of the total number of TIH Shares in the issued share capital of TIH, from a third party (the "Purchase"). Accordingly, immediately following the Purchase, the total number of TIH Shares held by ARL is 56,460,089 TIH Shares, being approximately 23.36% of the total number of TIH Shares in the issued share capital of TIH.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 56460089 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 23.36000000 (Deemed Interest)

ASML is deemed interested in all the TIH Shares held by ARL as ASML has the ability to exercise or control the exercise of rights attached to all the TIH Shares held by ARL. ASMHL is deemed interested in all the TIH Shares held by ARL as ASMHL is the holding company of ASML.

ASML is deemed interested in all the TIH Shares acquired by ARL as ASML has the ability to exercise or control the exercise of rights attached to all the TIH Shares held by ARL. ASMHL is deemed interested in all the TIH Shares held by ARL as ASMHL is the holding company of ASML. As V-Nee Yeh has a controlling interest in ASMHL, and ASML and ASHML are accustomed to act in accordance with his directions, he is deemed interested in all the TIH Shares held by ARL.

Remarks
Prior to the transaction which is the subject matter of this disclosure, (1) PAL held all the outstanding shares in the capital of Kaiser Union Limited ("KUL") and (2) Tamsett Holdings Limited ("THL") held all the outstanding shares in PAL. As such, each of PAL and THL had a deemed interest in all the 96,473,203 shares in TIH held by KUL, representing 39.92% of all the outstanding TIH shares. On 10 Aug 2022, PAL transferred all its KUL shares to THL. As a result, PAL ceased to have a deemed interest in any TIH shares held by KUL.

Immediately after the transaction

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

Remarks
Following a reorganisation, Alexandra Road Limited ("ARL") acquired 1,941,766 ordinary shares ("TIH Shares") in the issued share capital of TIH Limited ("TIH"), being 0.8% of the total number of TIH Shares in the issued share capital of TIH, from a third party. Accordingly, immediately following the reorganisation, the total number of TIH Shares held by ARL is 53,415,266 TIH Shares, being 22.1% of the total number of TIH Shares in the issued share capital of TIH.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 53415266 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 22.10000000 (Deemed Interest)

Argyle Street Management Limited ("ASML") is deemed interested in all the TIH Shares held by ARL as ASML has the ability to exercise or control the exercise of rights attached to all the TIH Shares held by ARL. Argyle Street Management Holdings ("ASMHL") Limited is deemed interested in all the TIH Shares held by ARL as ASMHL is the holding company of ASML. As Angie Li Yick Yee is a partner of ASML and a holder of shares in ASMHL, she is deemed interested in all the TIH Shares held by ARL.

Remarks
Following a reorganisation of ARL, each of ASMARMF and ASM Hudson River Fund ceases to hold any shares in ARL. Accordingly, each of ASMARMF, ASM Hudson River Fund and ASM Asia Recovery Fund ceases to be deemed interested in the TIH Shares held by ARL.

Immediately after the transaction

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

ASM Asia Recovery (Master) Fund ("ASMARMF") was deemed interested in all the ordinary shares in the issued share capital of TIH Limited ("TIH Shares") held by Alexandra Road Limited ("ARL") as ASMARMF was a 20% or more holder of the shares in ARL. Following a reorganisation of ARL, ASMARMF ceases to hold any shares in ARL and ceases to be deemed interested in any of the TIH Shares held by ARL.

As ASMARMF and ASM Hudson River Fund each held not less than 20% of the shares in ARL, they were each deemed interested in all of the TIH Shares held by ARL. ASM Asia Recovery Fund was deemed interested in all the TIH shares held by ARL through its shareholding in ASMARMF.

Remarks
Following a reorganisation of ARL, each of ASMARMF and ASM Hudson River Fund ceases to hold any shares in ARL. Accordingly, each of ASMARMF, ASM Hudson River Fund and ASM Asia Recovery Fund ceases to be deemed interested in the TIH Shares held by ARL.

Immediately after the transaction

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

ASMARMF was deemed interested in all the TIH Shares held by ARL as ASMARMF was a 20% or more holder of the shares in ARL. ASM Asia Recovery Fund was deemed interested in all the TIH shares held by ARL through its shareholding in ASMARMF. Following a reorganisation of ARL, ASMARMF ceases to hold any shares in ARL and accordingly, ASMARMF and ASM Asia Recovery Fund ceases to be deemed interested in any of the TIH Shares held by ARL.

As ASMARMF and ASM Hudson River Fund each held not less than 20% of the shares in ARL, they were each deemed interested in all of the TIH Shares held by ARL. ASM Asia Recovery Fund was deemed interested in all the TIH shares held by ARL through its shareholding in ASMARMF.

Remarks
Following a reorganisation of ARL, each of ASMARMF and ASM Hudson River Fund ceases to hold any shares in ARL. Accordingly, each of ASMARMF, ASM Hudson River Fund and ASM Asia Recovery Fund ceases to be deemed interested in the TIH Shares held by ARL.

Immediately after the transaction

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

ASM Hudson River Fund was deemed interested in all the TIH Shares held by ARL as it was a 20% or more holder of the shares in ARL. Following a reorganisation of ARL, ASM Hudson River Fund ceases to hold any shares in ARL and ceases to be deemed interested in any of the TIH Shares held by ARL.

As ASMARMF and ASM Hudson River Fund each held not less than 20% of the shares in ARL, they were each deemed interested in all of the TIH Shares held by ARL. ASM Asia Recovery Fund was deemed interested in all the TIH shares held by ARL through its shareholding in ASMARMF.

Remarks
Following a reorganisation, Alexandra Road Limited ("ARL") acquired 1,941,766 ordinary shares ("TIH Shares") in the issued share capital of TIH Limited ("TIH"), being 0.8% of the total number of TIH Shares in the issued share capital of TIH, from a third party. Accordingly, immediately following the reorganisation, the total number of TIH Shares held by ARL is 53,415,266 TIH Shares, being 22.1% of the total number of TIH Shares in the issued share capital of TIH.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 53415266 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 22.10000000 (Deemed Interest)

Argyle Street Management Limited ("ASML") is deemed interested in all the TIH Shares held by ARL as ASML has the ability to exercise or control the exercise of rights attached to all the TIH Shares held by ARL. Argyle Street Management Holdings ("ASMHL") Limited is deemed interested in all the TIH Shares held by ARL as ASMHL is the holding company of ASML. As Kin Chan has a controlling interest in ASMHL, and ASML and ASHML are accustomed to act in accordance with his directions, he is deemed interested in all the TIH Shares held by ARL.

Remarks
Following a reorganisation, ARL acquired 1,941,766 TIH Shares, being 0.8% of the total number of TIH Shares in the issued share capital of TIH, from a third party. The third party was allotted non-voting shares in ARL in consideration for the transfer of 1,941,766 TIH Shares to ARL.

Immediately after the transaction

No. of ordinary voting shares/units held: 53415266 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 22.1 (Direct Interest); 0 (Deemed Interest)

Argyle Street Management Limited ("ASML") is deemed interested in all the ordinary shares in the issued share capital of TIH Limited ("TIH Shares") held by Alexandra Road Limited ("ARL") as ASML has the ability to exercise or control the exercise of rights attached to all the TIH Shares held by ARL. Argyle Street Management Holdings Limited ("ASMHL") is deemed interested in all the TIH Shares held by ARL as ASMHL is the holding company of ASML. As V-Nee Yeh has a controlling interest in ASMHL, and ASML and ASHML are accustomed to act in accordance with his directions, he is deemed interested in all the TIH Shares held by ARL.

Remarks
Following a reorganisation, ARL acquired 1,941,766 TIH Shares, being 0.8% of the total number of TIH Shares in the issued share capital of TIH, from a third party. The third party was allotted non-voting shares in ARL in consideration for the transfer of 1,941,766 TIH Shares to ARL.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 53415266.00000000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0 (Direct Interest); 22.10000000 (Deemed Interest)

ASML is deemed interested in all the TIH Shares held by ARL as ASML has the ability to exercise or control the exercise of rights attached to all the TIH Shares held by ARL. ASMHL is deemed interested in all the TIH Shares held by ARL as ASMHL is the holding company of ASML.

ASML is deemed interested in all the TIH Shares acquired by ARL as ASML has the ability to exercise or control the exercise of rights attached to all the TIH Shares held by ARL. ASMHL is deemed interested in all the TIH Shares held by ARL as ASMHL is the holding company of ASML. As V-Nee Yeh has a controlling interest in ASMHL, and ASML and ASHML are accustomed to act in accordance with his directions, he is deemed interested in all the TIH Shares held by ARL.

Remarks
Following a reorganisation, ARL acquired 1,941,766 TIH Shares, being 0.8% of the total number of TIH Shares in the issued share capital of TIH, from a third party. The third party was allotted non-voting shares in ARL in consideration for the transfer of 1,941,766 TIH Shares to ARL.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 53415266.00000000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0 (Direct Interest); 22.10000000 (Deemed Interest)

ASML is deemed interested in all the TIH Shares held by ARL as ASML has the ability to exercise or control the exercise of rights attached to all the TIH Shares held by ARL.

ASML is deemed interested in all the TIH Shares acquired by ARL as ASML has the ability to exercise or control the exercise of rights attached to all the TIH Shares held by ARL. ASMHL is deemed interested in all the TIH Shares held by ARL as ASMHL is the holding company of ASML. As V-Nee Yeh has a controlling interest in ASMHL, and ASML and ASHML are accustomed to act in accordance with his directions, he is deemed interested in all the TIH Shares held by ARL.

Remarks
Following a reorganisation, ARL acquired 1,941,766 TIH Shares, being 0.8% of the total number of TIH Shares in the issued share capital of TIH, from a third party. The third party was allotted non-voting shares in ARL in consideration for the transfer of 1,941,766 TIH Shares to ARL.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 53415266 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0 (Direct Interest); 22.1 (Deemed Interest)

ASML is deemed interested in all the TIH Shares held by ARL as ASML has the ability to exercise or control the exercise of rights attached to all the TIH Shares held by ARL. ASMHL is deemed interested in all the TIH Shares held by ARL as ASMHL is the holding company of ASML.

ASML is deemed interested in all the TIH Shares acquired by ARL as ASML has the ability to exercise or control the exercise of rights attached to all the TIH Shares held by ARL. ASMHL is deemed interested in all the TIH Shares held by ARL as ASMHL is the holding company of ASML. As V-Nee Yeh has a controlling interest in ASMHL, and ASML and ASHML are accustomed to act in accordance with his directions, he is deemed interested in all the TIH Shares held by ARL.

Remarks
change of ownership structure, No change on ultimate owning percentage Immediately after the transaction

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

Remarks
change of ownership structure, No change on ultimate owning percentage Immediately after the transaction

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

Remarks
change of ownership structure, No change on ultimate owning percentage Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 24576126 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 10.17000000 (Deemed Interest)

Deemed interested in the 24,576,126 TIH shares held by Transpac Investments Limited (TIL) and TIL is 100% held by Clege & Co Limited.

Remarks
The circumstances giving rise to the cessation of ASM Ventures Limited's ("ASMVL") deemed interest in TIH Limited is an internal reorganisation, pursuant to which ASMVL has distributed all of its shares in Alexandra Road Limited ("ARL") to ASMVL's shareholders. Immediately after the transaction

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

ARL holds 51,473,500 shares in TIH Limited registered in the name of its custodian (CGS-CIMB Securities (Singapore) Pte. Ltd.). ASMVL was deemed interested in all of the shares in TIH Limited held by ARL as ASMVL was a holder of more than 20% of the shares in ARL. Pursuant to an internal reorganisation, ASMVL has distributed all of its shares in ARL to its shareholders on 18 June 2019 ("Distribution"). Following the Distribution, ASMVL no longer holds any shares in ARL and is no longer deemed to be interested in the shares held by ARL in TIH Limited.

Remarks
Acquisition of Securities via off-market transaction (e.g. married deals) Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): $300,000 Immediately after the transaction

No. of ordinary voting shares/units held: 1329900 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.55000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Immediately after the transaction

No. of ordinary voting shares/units held: 129900 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.05000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): $1,560 Immediately after the transaction

No. of ordinary voting shares/units held: 129800 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.05000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): $28,520 Immediately after the transaction

No. of ordinary voting shares/units held: 125800 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.05000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): $1,833 Immediately after the transaction

No. of ordinary voting shares/units held: 54500 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.02000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): $10,997.50 Immediately after the transaction

No. of ordinary voting shares/units held: 49800 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.02000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Acquisition of Securities via market transaction Amount of consideration paid or received by Director/CEO (excluding brokerage and stamp duties): $9669.50 Immediately after the transaction

No. of ordinary voting shares/units held: 23300 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.01000000 (Direct Interest); 0.00000000 (Deemed Interest)

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 51473500 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.30000000 (Deemed Interest)

On 8 January 2018, Kaiser Union Limited ("BidCo") announced that it intends to make a voluntary unconditional offer ("Offer") for all the issued and paid-up ordinary shares ("Shares") in the capital of TIH Limited at a price of SGD0.57 for each Share ("Offer Price"), as to which SGD0.125 will be paid in cash and SGD0.445 will be paid by the issue of a three-year senior unsecured 2.25% note issued at par by BidCo ("Offer Announcement"). The Offer was made by BidCo, the bid vehicle for Premier Asia Limited ("PAL"), an entity wholly-owned by Lippo China Resources Limited ("LCR"), and Alexandra Road Limited ("ARL", and together with PAL, the "Joint Offerors"), an entity jointly-owned by funds managed by and including Argyle Street Management Limited ("ASM"). As disclosed in the announcement dated 20 February 2018, as at the close of the Offer, BidCo held 110,732,656 Shares (representing 45.8% of all the issued Shares). As disclosed in the Offer Announcement, immediately following the close of the Offer, the Joint Offerors will review their respective shareholding percentages in TIH following the close of the Offer and, pursuant to such review, BidCo and the Joint Offerors may transfer Shares amongst themselves (or their respective nominees) so as to reach a desired level of shareholding percentage in TIH for BidCo and each Joint Offeror. Such transfers, if made, will be completed within 12 months of the close of the Offer, made at the Offer Price and on the same terms as the Offer, and no premium will be paid by BidCo or any Joint Offeror pursuant to such transfers. BidCo intends to transfer 14,259,453 Shares (representing 5.9% of all the issued Shares) to ARL ("Transfer") in consideration for the discharge of a loan of SGD1,782,431.63 advanced by ARL to BidCo and in consideration for the issue by ARL to BidCo of a promissory note for the principal amount of SGD6,345,456.585 ("Purchase Consideration"). Before completion of the Transfer, ARL holds 37,214,047 Shares (representing 15.4% of all the issued Shares). On completion of the Transfer, ARL will hold 51,473,500 Shares (representing 21.3% of all the issued Shares), registered in the name of its custodian, CIMB Securities (Singapore) Pte Limited. ARL is held 0.38% by ASM, 37.83% by ASM Ventures Limited ("ASMV"), 48.64% by ASM Asia Recovery (Master) Fund ("ARF") and 13.15% by ASM Hudson River Fund ("HRF"). Each of ARF and HRF are holders of not less than 20% of the shares in ASMV. There are no other shareholders in ASMV which hold 20% or more of the shares in ASMV. Further, ASM Asia Recovery Fund ("RF") is a holder of not less than 20% of the shares in ARF. There are no other shareholders in ARF which hold 20% or more of the shares in ARF. Argyle Street Management Holdings Limited ("ASMHL") is the holding company of ASM, and Kin Chan and V-Nee Yeh are each a holder of not less than 20% of the shares in ASMHL. Angie Li Yick Yee is a partner of ASM and a holder of shares in ASMHL.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 51473500 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.30000000 (Deemed Interest)

Angie Li Yick Yee is deemed interested in all the 51,473,500 Shares in which ASM is interested as ASM is a accustomed to act in accordance with the directions, instructions or wishes of Angie with respect to TIH in her capacity as a partner of ASM and a director of TIH. ARL is held 0.38% by ASM, 37.83% by ASMV, 48.64% by ARF and 13.15% by HRF. Each of ARF and HRF are holders of not less than 20% of the shares in ASMV. There are no other shareholders in ASMV which hold 20% or more of the shares in ASMV. Further, RF is a holder of not less than 20% of the shares in ARF. There are no other shareholders in ARF which hold 20% or more of the shares in ARF. ASMHL is the holding company of ASM, and Kin Chan and V-Nee Yeh are each a holder of not less than 20% of the shares in ASMHL. Angie Li Yick Yee is a partner of ASM and a holder of shares in ASMHL.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 51473500 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 21.30000000 (Deemed Interest)

ASMHL is the holding company of ASM. Accordingly, ASMHL is deemed interested in all the 51,473,500 Shares in which ASM is deemed interested. ARL is held 0.38% by ASM, 37.83% by ASMV, 48.64% by ARF and 13.15% by HRF. Each of ARF and HRF are holders of not less than 20% of the shares in ASMV. There are no other shareholders in ASMV which hold 20% or more of the shares in ASMV. Further, RF is a holder of not less than 20% of the shares in ARF. There are no other shareholders in ARF which hold 20% or more of the shares in ARF. ASMHL is the holding company of ASM, and Kin Chan and V-Nee Yeh are each a holder of not less than 20% of the shares in ASMHL. Angie Li Yick Yee is a partner of ASM and a holder of shares in ASMHL.