Investor Relations

Reference is made to the Company’s announcements dated 24 August 2023 and 3 October 2023, in relation to the Proposed Strategic Collaboration. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the aforesaid announcements.

The Board of BPlant wishes to announce that the controlling shareholders of the Company, BHB and LTAT, have informed the Company that the Condition Precedent under the SCA will not be satisfied by the Cut-Off Date of 6 October 2023 and accordingly, the parties to the SCA have agreed not to proceed with the Proposed Strategic Collaboration.

In the circumstances, the transacting parties mutually agree that the SCA shall be terminated with immediate effect on 4 October 2023.

The termination of the SCA is not expected to have any material effect on the earnings, earnings per share, NA and NA per share of the Company for the financial year ending 31 December 2023.

This announcement is dated 4 October 2023.