Press Release

Lodgement of Preliminary Offer Document of

Mooreast Holdings Ltd.

3 November 2021, Singapore – Mooreast Asia Pte. Ltd. (“Mooreast”) announced

that W Capital Markets Pte. Ltd. has, on behalf of Mooreast Holdings Ltd. (the
“Company”), lodged a preliminary offer document with the Singapore Exchange
Securities Trading Limited ("SGX-ST"), acting as an agent of the Monetary Authority
of Singapore, in connection with the Company's proposed public offer and listing on
the Catalist board of the SGX-ST (the "Placement").

The final offer document in respect of the Placement (the "Final Offer Document") will
be made available when the offer is made. Anyone wishing to acquire the Company's
shares will need to make an application in the manner set out in the Final Offer
Document.

***End of Press Release***

About Mooreast Asia Pte. Ltd.

Mooreast Asia Pte. Ltd. was founded by Mr Sim Koon Lam. Its solutions and services include
design, engineering, fabrication, supply, installation and commissioning of mooring systems.
It has over 30 years of experience in the offshore oil & gas and marine sectors and has
participated in developmental and prototype projects for floating offshore wind turbines in
Japan and Europe.

Media & Investor Contact Information

WeR1 Consultants Pte Ltd
1 Raffles Place #02-01
One Raffles Place Mall Suite 332
Singapore 048616
Isaac Tang, mooreast@wer1.net (M: +65 9748 0688)