Insider Trades

Remarks
There has been a change of shareholdings of a substantial shareholder, Green Esteel Pte. Ltd. Wide Bridge Limited ("WB") holds 63.06% in Theme International Holdings Limited ("Theme") which in turn holds a 20.50% direct interest in Green Esteel Pte. Ltd ("Esteel"). Theme and WB have become substantial holders of BRC Asia Limited.

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 167795536 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 61.16000000 (Deemed Interest)

Theme International Holdings Limited ("Theme") holds 20.50% interest in Green Esteel Pte. Ltd ("Esteel") which in turn holds 167,795,536 shares, 61.16% of the total issued shares (excluding treasury shares ) in BRC Asia Limited. Accordingly, Theme is deemed under section 4 of the SFA to have an interest in the shares held by Esteel.

The percentages are based on the total issued shares (excluding treasury shares) of 274,350,089.

Remarks
There has been a change of shareholdings of a substantial shareholder, Green Esteel Pte. Ltd. Wide Bridge Limited ("WB") holds 63.06% in Theme International Holdings Limited ("Theme") which in turn holds a 20.50% direct interest in Green Esteel Pte. Ltd ("Esteel"). Theme and WB have become substantial holders of BRC Asia Limited.

Immediately after the transaction

No. of ordinary voting shares/units held: (Direct Interest); 167795536 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 61.16000000 (Deemed Interest)

Wide Bridge Limited ("WB") holds 63.06% in Theme International Holdings Limited ("Theme") which in turn holds a 20.50% direct interest in Green Esteel Pte. Ltd ("Esteel"). Esteel has a direct interest of 167,795,536 shares , constituting 61.16% of the total issued shares (excluding treasury shares) in BRC Asia Limited. Accordingly, WB is deemed under section 4 of the SFA to have an interest in the shares held by Theme and Esteel.

The percentages are based on the total issued shares (excluding treasury shares) of 274,350,089.

Remarks
The change in interests in the shares in the capital of the Company in respect of Esteel, AVIL and Mr. You arises from an increase in the share capital of the Company pursuant to the completion of the placement of 31,015,000 new Shares to Hong Leong Asia Investments Pte. Ltd. (the "Placement"). The completion of the Placement was announced by the Company on 14 October 2021. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 167795536 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 61.16 (Deemed Interest)

AVIL has a 100% interest in Esteel. Accordingly, AVIL is deemed to have an interest in the Shares held by Esteel, pursuant to Section 4 of the SFA. AVIL has a 100% interest in Esteel. Accordingly, AVIL is deemed to have an interest in the Shares held by Esteel, pursuant to Section 4 of the SFA. Mr. You has a 100% interest in AVIL. Accordingly, Mr. You is deemed under Section 4 of the SFA to have an interest in the Shares in which AVIL has an interest. The percentage shareholdings held before and after the transaction is computed based on 243,335,089 Shares and 274,350,089 Shares in issue respectively (excluding treasury shares). Any discrepancies in the percentages listed and totals thereof are due to rounding. All total figures are automatically inserted electronically.

Remarks
The change in interests in the shares in the capital of the Company in respect of Esteel, AVIL and Mr. You arises from an increase in the share capital of the Company pursuant to the completion of the placement of 31,015,000 new Shares to Hong Leong Asia Investments Pte. Ltd. (the "Placement"). The completion of the Placement was announced by the Company on 14 October 2021. Immediately after the transaction

No. of ordinary voting shares/units held: 167795536 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 61.16 (Direct Interest); 0.00000000 (Deemed Interest)

Not applicable. Advance Venture Investments Limited ("AVIL") has a 100% interest in Esteel Enterprise Pte. Ltd. ("Esteel"). Accordingly, AVIL is deemed to have an interest in the issued ordinary shares ("Shares") in the capital of BRC Asia Limited ("Company") held by Esteel, pursuant to Section 4 of the Securities and Futures Act (Chapter 289) of Singapore ("SFA"). Mr. You Zhenhua ("Mr. You") has a 100% interest in AVIL. Accordingly, Mr. You is deemed under Section 4 of the SFA to have an interest in the Shares in which AVIL has an interest. The percentage shareholdings held before and after the transaction is computed based on 243,335,089 Shares and 274,350,089 Shares in issue respectively (excluding treasury shares). Any discrepancies in the percentages listed and totals thereof are due to rounding. All total figures are automatically inserted electronically.

Remarks
The change in interests in the shares in the capital of the Company in respect of Esteel, AVIL and Mr. You arises from an increase in the share capital of the Company pursuant to the completion of the placement of 31,015,000 new Shares to Hong Leong Asia Investments Pte. Ltd. (the "Placement"). The completion of the Placement was announced by the Company on 14 October 2021. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 167795536 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 61.16 (Deemed Interest)

Mr. You has a 100% interest in AVIL. Accordingly, Mr. You is deemed under Section 4 of the SFA to have an interest in the Shares in which AVIL has an interest. AVIL has an 100% interest in Esteel. Accordingly, AVIL is deemed to have an interest in the Shares held by Esteel, pursuant to Section 4 of the SFA. Mr. You has a 100% interest in AVIL. Accordingly, Mr. You is deemed under Section 4 of the SFA to have an interest in the Shares in which AVIL has an interest. The percentage shareholdings held before and after the transaction is computed based on 243,335,089 Shares and 274,350,089 Shares in issue respectively (excluding treasury shares). Any discrepancies in the percentages listed and totals thereof are due to rounding. All total figures are automatically inserted electronically.

Remarks
Completion of the proposed subscription of 31,015,000 new BRC Shares by HLAI pursuant to a subscription agreement dated 28 August 2021 entered into between HLAI and BRC; and the proposed acquisition of 15,000,000 BRC Shares from Xinsteel Singapore Pte. Ltd., Nuocheng International Trading & Investment Pte. Ltd., Toe Teow Heng, Wu Ai Ping and Shi Yong (collectively, the "Vendors") pursuant to a sale and purchase agreement ("SPA") dated 28 August 2021 entered into between HLAI and the Vendors, on 14 October 2021.

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): An aggregate consideration of S$68,102,200

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 57055400 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 20.80000000 (Deemed Interest)

Davos is deemed under Section 4 of the Securities and Futures Act, Chapter 289 to have an interest in an aggregate of 57,055,400 BRC Shares held by Hong Leong Investment Holdings Pte. Ltd.'s subsidiaries, Hong Leong Asia Investments Pte. Ltd. ("HLAI"), Starich Investments Pte. Ltd. and Shanwood Development Pte. Ltd. Davos is entitled to exercise or control the exercise of not less than 20% of the voting shares in Hong Leong Investment Holdings Pte. Ltd.

The percentages of shareholding held immediately before the transaction are computed based on 243,335,089 BRC Shares (excluding treasury shares) before the allotment and issuance of 31,015,000 new BRC Shares pursuant to the subscription agreement dated 28 August 2021 entered into between HLAI and BRC to HLAI on 14 October 2021 (the "Allotment").

The percentages of shareholding held immediately after the transaction are computed based on 274,350,089 BRC Shares following the Allotment.

Remarks
Completion of the proposed subscription of 31,015,000 new BRC Shares by HLAI pursuant to a subscription agreement dated 28 August 2021 entered into between HLAI and BRC; and the proposed acquisition of 15,000,000 BRC Shares from Xinsteel Singapore Pte. Ltd., Nuocheng International Trading & Investment Pte. Ltd., Toe Teow Heng, Wu Ai Ping and Shi Yong (collectively, the "Vendors") pursuant to a sale and purchase agreement ("SPA") dated 28 August 2021 entered into between HLAI and the Vendors, on 14 October 2021.

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): An aggregate consideration of S$68,102,200

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 55166400 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 20.11000000 (Deemed Interest)

HLE is deemed under Section 4 of the Securities and Futures Act, Chapter 289 to have an interest in an aggregate of 55,166,400 BRC Shares held directly by, Hong Leong Asia Investments Pte. Ltd. ("HLAI") and Starich Investments Pte. Ltd. ("Starich"), in which it is entitled to exercise or control the exercise of not less than 20% of the voting shares in HLAI and Starich.

The percentages of shareholding held immediately before the transaction are computed based on 243,335,089 BRC Shares (excluding treasury shares) before the allotment and issuance of 31,015,000 new BRC Shares pursuant to the subscription agreement dated 28 August 2021 entered into between HLAI and BRC to HLAI on 14 October 2021 (the "Allotment").

The percentages of shareholding held immediately after the transaction are computed based on 274,350,089 BRC Shares following the Allotment.

Remarks
Completion of the proposed subscription of 31,015,000 new BRC Shares by HLAI pursuant to a subscription agreement dated 28 August 2021 entered into between HLAI and BRC; and the proposed acquisition of 15,000,000 BRC Shares from Xinsteel Singapore Pte. Ltd., Nuocheng International Trading & Investment Pte. Ltd., Toe Teow Heng, Wu Ai Ping and Shi Yong (collectively, the "Vendors") pursuant to a sale and purchase agreement ("SPA") dated 28 August 2021 entered into between HLAI and the Vendors, on 14 October 2021.

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): An aggregate consideration of S$68,102,200

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 57055400 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 20.80000000 (Deemed Interest)

HLIH is deemed under Section 4 of the Securities and Futures Act, Chapter 289 ("SFA") to have an interest in an aggregate of 57,055,400 BRC Shares held by its subsidiaries, Hong Leong Asia Investments Pte. Ltd. ("HLAI"), Starich Investments Pte. Ltd. ("Starich") and Shanwood Development Pte. Ltd. ("Shanwood").

Kwek Holdings Pte. Ltd. ("KH") is deemed under Section 4 of the SFA to have an interest in the BRC Shares held indirectly by HLIH in BRC, in which KH is entitled to exercise or control the exercise of not less than 20% of the voting shares in HLIH.

The percentages of shareholding held immediately before the transaction are computed based on 243,335,089 BRC Shares (excluding treasury shares) before the allotment and issuance of 31,015,000 new BRC Shares pursuant to the subscription agreement dated 28 August 2021 entered into between HLAI and BRC to HLAI on 14 October 2021 (the "Allotment").

The percentages of shareholding held immediately after the transaction are computed based on 274,350,089 BRC Shares following the Allotment.

Remarks
Completion of the proposed subscription of 31,015,000 new BRC Shares by HLAI pursuant to a subscription agreement dated 28 August 2021 entered into between HLAI and BRC; and the proposed acquisition of 15,000,000 BRC Shares from Xinsteel Singapore Pte. Ltd., Nuocheng International Trading & Investment Pte. Ltd., Toe Teow Heng, Wu Ai Ping and Shi Yong (collectively, the "Vendors") pursuant to a sale and purchase agreement ("SPA") dated 28 August 2021 entered into between HLAI and the Vendors, on 14 October 2021.

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): An aggregate consideration of S$68,102,200

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 57055400 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 20.80000000 (Deemed Interest)

KH is deemed under Section 4 of the SFA to have an interest in an aggregate of 57,055,400 BRC Shares held by HLIH's subsidiaries, HLAI, Starich and Shanwood. KH is entitled to exercise or control the exercise of not less than 20% of the voting shares in HLIH.

The percentages of shareholding held immediately before the transaction are computed based on 243,335,089 BRC Shares (excluding treasury shares) before the allotment and issuance of 31,015,000 new BRC Shares pursuant to the subscription agreement dated 28 August 2021 entered into between HLAI and BRC to HLAI on 14 October 2021 (the "Allotment").

The percentages of shareholding held immediately after the transaction are computed based on 274,350,089 BRC Shares following the Allotment.

Remarks
Completion of the proposed subscription of 31,015,000 new BRC Shares by HLAI pursuant to a subscription agreement dated 28 August 2021 entered into between HLAI and BRC; and the proposed acquisition of 15,000,000 BRC Shares from Xinsteel Singapore Pte. Ltd., Nuocheng International Trading & Investment Pte. Ltd., Toe Teow Heng, Wu Ai Ping and Shi Yong (collectively, the "Vendors") pursuant to a sale and purchase agreement dated 28 August 2021 entered into between HLAI and the Vendors, on 14 October 2021.

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): An aggregate consideration of S$68,102,200

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 55166400 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 20.11000000 (Deemed Interest)

HLCH is deemed under Section 4 of the Securities and Futures Act, Chapter 289 to have an interest in an aggregate of 55,166,400 ordinary shares of BRC ("BRC Shares") in which its subsidiaries, Hong Leong Asia Investments Pte. Ltd. ("HLAI") and Starich Investments Pte. Ltd., have an interest.

The percentages of shareholding held immediately before the transaction are computed based on 243,335,089 BRC Shares (excluding treasury shares) before the allotment and issuance of 31,015,000 new BRC Shares pursuant to the subscription agreement dated 28 August 2021 entered into between HLAI and BRC to HLAI on 14 October 2021 (the "Allotment").

The percentages of shareholding held immediately after the transaction are computed based on 274,350,089 BRC Shares following the Allotment.

Remarks
Completion of (a) the proposed subscription of 31,015,000 new BRC Shares by HLAI pursuant to a subscription agreement dated 28 August 2021 entered into between HLAI and BRC; and (b) the proposed acquisition of an aggregate of 15,000,000 BRC Shares from Xinsteel Singapore Pte. Ltd., Nuocheng International Trading & Investment Pte. Ltd., Toe Teow Heng, Wu Ai Ping and Shi Yong (collectively, the "Vendors") pursuant to a sale and purchase agreement dated 28 August 2021 entered into between HLAI and the Vendors, on 14 October 2021.

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): An aggregate consideration of S$68,102,200

Immediately after the transaction

No. of ordinary voting shares/units held: 54875000 (Direct Interest); 0 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 20.00000000 (Direct Interest); 0.00000000 (Deemed Interest)

Hong Leong Asia Ltd. is the immediate holding company of HLAI.

The percentages of shareholding held immediately before the transaction are computed based on 243,335,089 issued ordinary shares in the capital of BRC ("BRC Shares") (excluding treasury shares) before the allotment and issuance of 31,015,000 new BRC Shares on 14 October 2021 to HLAI pursuant to the subscription agreement dated 28 August 2021 entered into between HLAI and BRC (the "Allotment").

The percentages of shareholding held immediately after the transaction are computed based on 274,350,089 BRC Shares following the Allotment.

The discrepancy in percentage of shareholding held immediately before the transaction is due to rounding.

Remarks
Completion of (a) the proposed subscription of 31,015,000 new BRC Shares by HLAI pursuant to a subscription agreement dated 28 August 2021 entered into between HLAI and BRC; and (b) the proposed acquisition of an aggregate of 15,000,000 BRC Shares from Xinsteel Singapore Pte. Ltd., Nuocheng International Trading & Investment Pte. Ltd., Toe Teow Heng, Wu Ai Ping and Shi Yong (collectively, the "Vendors") pursuant to a sale and purchase agreement dated 28 August 2021 entered into between HLAI and the Vendors, on 14 October 2021.

Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): An aggregate consideration of S$68,102,200

Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 54875000 (Deemed Interest)
As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 20.00000000 (Deemed Interest)

HLA is deemed under Section 4 of the Securities and Futures Act, Chapter 289 to have an interest in an aggregate of 54,875,000 BRC Shares in which HLAI, a wholly-owned subsidiary of HLA, has an interest.

HLAI is a wholly-owned subsidiary of HLA.

The percentages of shareholding held immediately before the transaction are computed based on 243,335,089 BRC Shares (excluding treasury shares) before the Allotment.

The percentages of shareholding held immediately after the transaction are computed based on 274,350,089 BRC Shares following the Allotment.

The discrepancy in percentage of shareholding held immediately before the transaction is due to rounding.

Remarks
The change in interests in the shares in the capital of the Company in respect of Esteel, AVIL and Mr. You arises from an increase in the share capital of the Company pursuant to the completion of the placement of 31,015,000 new Shares to Hong Leong Asia Investments Pte. Ltd. (the "Placement"). The completion of the Placement was announced by the Company on 14 October 2021. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 167765536 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 61.15000000 (Deemed Interest)

AVIL has a 100% interest in Esteel. Accordingly, AVIL is deemed to have an interest in the Shares held by Esteel, pursuant to Section 4 of the SFA. AVIL has a 100% interest in Esteel. Accordingly, AVIL is deemed to have an interest in the Shares held by Esteel, pursuant to Section 4 of the SFA. Mr. You has a 100% interest in AVIL. Accordingly, Mr. You is deemed under Section 4 of the SFA to have an interest in the Shares in which AVIL has an interest. The percentage shareholdings held before and after the transaction is computed based on 243,335,089 Shares and 274,350,089 Shares in issue respectively (excluding treasury shares). Any discrepancies in the percentages listed and totals thereof are due to rounding. All total figures are automatically inserted electronically.

Remarks
The change in interests in the shares in the capital of the Company in respect of Esteel, AVIL and Mr. You arises from an increase in the share capital of the Company pursuant to the completion of the placement of 31,015,000 new Shares to Hong Leong Asia Investments Pte. Ltd. (the "Placement"). The completion of the Placement was announced by the Company on 14 October 2021. Immediately after the transaction

No. of ordinary voting shares/units held: 167765536 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 61.15000000 (Direct Interest); 0.00000000 (Deemed Interest)

Not applicable. Advance Venture Investments Limited ("AVIL") has a 100% interest in Esteel Enterprises Pte. Ltd. ("Esteel"). Accordingly, AVIL is deemed to have an interest in the issued ordinary shares ("Shares") in the capital of BRC Asia Limited ("Company") held by Esteel, pursuant to Section 4 of the Securities and Futures Act (Chapter 289) of Singapore ("SFA"). Mr. You Zhenhua ("Mr. You") has a 100% interest in AVIL. Accordingly, Mr. You is deemed under Section 4 of the SFA to have an interest in the Shares in which AVIL has an interest. The percentage shareholdings held before and after the transaction is computed based on 243,335,089 Shares and 274,350,089 Shares in issue respectively (excluding treasury shares). Any discrepancies in the percentages listed and totals thereof are due to rounding. All total figures are automatically inserted electronically.

Remarks
The change in interests in the shares in the capital of the Company in respect of Esteel, AVIL and Mr. You arises from an increase in the share capital of the Company pursuant to the completion of the placement of 31,015,000 new Shares to Hong Leong Asia Investments Pte. Ltd. (the "Placement"). The completion of the Placement was announced by the Company on 14 October 2021. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 167765536 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 61.15000000 (Deemed Interest)

Mr. You has a 100% interest in AVIL. Accordingly, Mr. You is deemed under Section 4 of the SFA to have an interest in the Shares in which AVIL has an interest. AVIL has an 100% interest in Esteel. Accordingly, AVIL is deemed to have an interest in the Shares held by Esteel, pursuant to Section 4 of the SFA. Mr. You has a 100% interest in AVIL. Accordingly, Mr. You is deemed under Section 4 of the SFA to have an interest in the Shares in which AVIL has an interest. The percentage shareholdings held before and after the transaction is computed based on 243,335,089 Shares and 274,350,089 Shares in issue respectively (excluding treasury shares). Any discrepancies in the percentages listed and totals thereof are due to rounding. All total figures are automatically inserted electronically.

Remarks
Pursuant to a sale and purchase agreement ("SPA") dated 28 August 2021 entered into between HLAI and Xinsteel Singapore Pte. Ltd., Nuocheng International Trading & Investment Pte. Ltd., Toe Teow Heng, Wu Ai Ping and Shi Yong (collectively, the "Vendors") for the acquisition from the Vendors of an aggregate of 15,000,000 BRC Shares, upon the terms and subject to the conditions of the SPA. Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$22,200,000 Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 26040400 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 10.70000000 (Deemed Interest)

HLIH is deemed under Section 4 of the Securities and Futures Act, Chapter 289 ("SFA") to have an interest in an aggregate of 26,040,400 BRC Shares held by its subsidiaries, HLAI, Starich Investments Pte. Ltd. ("Starich") and Shanwood Development Pte. Ltd. ("Shanwood"). Kwek Holdings Pte. Ltd. ("KH") is deemed under Section 4 of the SFA to have an interest in the BRC Shares held indirectly by HLIH in BRC, in which KH is entitled to exercise or control the exercise of not less than 20% of the voting shares in HLIH. The percentages of shareholding held immediately before and after the transaction are computed based on 243,335,089 BRC Shares (excluding treasury shares) as at 28 August 2021.

Remarks
Pursuant to a sale and purchase agreement ("SPA") dated 28 August 2021 entered into between HLAI and Xinsteel Singapore Pte. Ltd., Nuocheng International Trading & Investment Pte. Ltd., Toe Teow Heng, Wu Ai Ping and Shi Yong (collectively, the "Vendors") for the acquisition from the Vendors of an aggregate of 15,000,000 BRC Shares, upon the terms and subject to the conditions of the SPA. Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$22,200,000 Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 26040400 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 10.70000000 (Deemed Interest)

KH is deemed under Section 4 of the SFA to have an interest in an aggregate of 26,040,400 BRC Shares held by HLIH's subsidiaries, HLAI, Starich and Shanwood. KH is entitled to exercise or control the exercise of not less than 20% of the voting shares in HLIH. Kwek Holdings Pte. Ltd. ("KH") is deemed under Section 4 of the SFA to have an interest in the BRC Shares held indirectly by HLIH in BRC, in which KH is entitled to exercise or control the exercise of not less than 20% of the voting shares in HLIH. The percentages of shareholding held immediately before and after the transaction are computed based on 243,335,089 BRC Shares (excluding treasury shares) as at 28 August 2021.

Remarks
Pursuant to a sale and purchase agreement ("SPA") dated 28 August 2021 entered into between HLAI and Xinsteel Singapore Pte. Ltd., Nuocheng International Trading & Investment Pte. Ltd., Toe Teow Heng, Wu Ai Ping and Shi Yong (collectively, the "Vendors") for the acquisition from the Vendors of an aggregate of 15,000,000 issued ordinary shares in the capital of BRC ("BRC Shares"), upon the terms and subject to the conditions of the SPA. Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$22,200,000 Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 24151400 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 9.93000000 (Deemed Interest)

HLE is deemed under Section 4 of the Securities and Futures Act, Chapter 289 to have an interest in an aggregate of 24,151,400 BRC Shares held directly by, HLAI and Starich Investments Pte. Ltd. ("Starich"), in which it is entitled to exercise or control the exercise of not less than 20% of the voting shares in HLAI and Starich. The percentages of shareholding held immediately before and after the transaction are computed based on 243,335,089 BRC Shares (excluding treasury shares) as at 28 August 2021.

Remarks
Pursuant to a sale and purchase agreement ("SPA") dated 28 August 2021 entered into between HLAI and Xinsteel Singapore Pte. Ltd., Nuocheng International Trading & Investment Pte. Ltd., Toe Teow Heng, Wu Ai Ping and Shi Yong (collectively, the "Vendors") for the acquisition from the Vendors of an aggregate of 15,000,000 issued ordinary shares in the capital of BRC ("BRC Shares"), upon the terms and subject to the conditions of the SPA. Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$22,200,000 Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 24151400 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 9.93000000 (Deemed Interest)

HLCH is deemed under Section 4 of the Securities and Futures Act, Chapter 289 to have an interest in an aggregate of 24,151,400 BRC Shares in which its subsidiaries, HLAI and Starich Investments Pte. Ltd., have an interest. The percentages of shareholding held immediately before and after the transaction are computed based on 243,335,089 BRC Shares (excluding treasury shares) as at 28 August 2021.

Remarks
Pursuant to the SPA dated 28 August 2021 entered into between HLAI and the Vendors for the acquisition from the Vendors of the Sale Shares upon the terms and subject to the conditions of the SPA. Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$22,200,000 Immediately after the transaction

No. of ordinary voting shares/units held: 8860000 (Direct Interest); 15000000 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 3.64000000 (Direct Interest); 6.16000000 (Deemed Interest)

HLAI had on 28 August 2021 entered into a sale and purchase agreement ("SPA") with Xinsteel Singapore Pte. Ltd., Nuocheng International Trading & Investment Pte. Ltd., Toe Teow Heng, Wu Ai Ping and Shi Yong (collectively, the "Vendors") for the acquisition from the Vendors of an aggregate of 15,000,000 issued ordinary shares in the capital of BRC (the "Sale Shares"), representing approximately 6.16% of the total number of issued ordinary shares of BRC (the "BRC Shares") (excluding 1,626,600 BRC Shares which are held as treasury shares) at a purchase price of S$1.48 per Sale Share, amounting to an aggregate cash consideration of S$22,200,000, upon the terms and subject to the conditions of the SPA. Pursuant to Section 4(7) of the Securities and Futures Act, Chapter 289 ("SFA"), HLAI has a deemed interest in the Sale Shares by virtue of its entry into the SPA. Hong Leong Asia Ltd. is the immediate holding company of HLAI. The percentages of shareholding held immediately before and after the transaction are computed based on 243,335,089 BRC Shares (excluding treasury shares) as at 28 August 2021. The discrepancy in percentage of shareholding held immediately after the transaction is due to rounding.

Remarks
Pursuant to the SPA dated 28 August 2021 entered into between HLAI and the Vendors for the acquisition from the Vendors of the Sale Shares upon the terms and subject to the conditions of the SPA. Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$22,200,000 Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 23860000 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 9.81000000 (Deemed Interest)

HLA is deemed under Section 4 of the SFA to have an interest in an aggregate of 23,860,000 BRC Shares in which HLAI, a wholly-owned subsidiary of HLA, has an interest. HLAI is a wholly-owned subsidiary of HLA. The percentages of shareholding held immediately before and after the transaction are computed based on 243,335,089 BRC Shares (excluding treasury shares) as at 28 August 2021. The discrepancy in percentage of shareholding held immediately after the transaction is due to rounding.

Remarks
Pursuant to a sale and purchase agreement ("SPA") dated 28 August 2021 entered into between HLAI and Xinsteel Singapore Pte. Ltd., Nuocheng International Trading & Investment Pte. Ltd., Toe Teow Heng, Wu Ai Ping and Shi Yong (collectively, the "Vendors") for the acquisition from the Vendors of an aggregate of 15,000,000 issued ordinary shares in the capital of BRC ("BRC Shares"), upon the terms and subject to the conditions of the SPA. Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$22,200,000 Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 26040400 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 10.70000000 (Deemed Interest)

Davos is deemed under Section 4 of the Securities and Futures Act, Chapter 289 to have an interest in an aggregate of 26,040,400 BRC Shares held by Hong Leong Investment Holdings Pte. Ltd.'s subsidiaries, HLAI, Starich Investments Pte. Ltd. and Shanwood Development Pte. Ltd. Davos is entitled to exercise or control the exercise of not less than 20% of the voting shares in Hong Leong Investment Holdings Pte. Ltd. The percentages of shareholding held immediately before and after the transaction are computed based on 243,335,089 BRC Shares (excluding treasury shares) as at 28 August 2021.

Remarks
The Company has issued and alloted 10,000,000 new ordinary shares in the capital of the Company on 26 January 2021. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 167795536 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 68.96000000 (Deemed Interest)

Please refer to paragraph 8 of Substantial Shareholder C's notification. Please refer to paragraph 8 of Substantial Shareholder C's notification.

Remarks
The Company has issued and alloted 10,000,000 new ordinary shares in the capital of the Company on 26 January 2021. Immediately after the transaction

No. of ordinary voting shares/units held: 167795536 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 68.96 (Direct Interest); 0.00000000 (Deemed Interest)

Please refer to paragraph 8 of Substantial Shareholder C's notification. Please refer to paragraph 8 of Substantial Shareholder C's notification. Please refer to paragraph 12 of Substantial Shareholder C's notification.

Remarks
The Company has issued and alloted 10,000,000 new ordinary shares in the capital of the Company on 26 January 2021. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 167795536 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 68.96000000 (Deemed Interest)

AVIL holds 80.1% of the ordinary Shares in Esteel. YZH is the sole shareholder of AVIL. Please see paragraph 8 of Substantial Shareholder C's notification. The shareholding percentages before and after the transaction are computed based on 233,335,089 Shares and 243,335,089 Shares in issue (excluding treasury shares) respectively.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 166982045 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 89.61000000 (Deemed Interest)

AVIL holds 80.1% of the ordinary shares in Esteel. YZH is the sole shareholder of AVIL. Esteel has, on 29 November 2017, entered into agreements with six (6) purchasers to sell an aggregate of 12,863,400 shares in the capital of the Company at S$0.95 per share for a total consideration of S$$12,220,230. This is for purposes of restoring the free float of the Company and with a view of resumption of trading of the shares of the Company. The above shareholding percentages are computed based on 186,335,089 Shares. Any discrepancies in the percentages listed and the totals thereof are due to rounding.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 166982045 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 89.61000000 (Direct Interest); 0.00000000 (Deemed Interest)

AVIL holds 80.1% of the ordinary shares in Esteel. YZH is the sole shareholder of AVIL. Esteel has, on 29 November 2017, entered into agreements with six (6) purchasers to sell an aggregate of 12,863,400 shares in the capital of the Company at S$0.95 per share for a total consideration of S$$12,220,230. This is for purposes of restoring the free float of the Company and with a view of resumption of trading of the shares of the Company. The above shareholding percentages are computed based on 186,335,089 Shares. Any discrepancies in the percentages listed and the totals thereof are due to rounding.

Remarks
Disposal of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 166982045 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 89.61000000 (Deemed Interest)

AVIL holds 80.1% of the ordinary shares in Esteel. YZH is the sole shareholder of AVIL. Esteel has, on 29 November 2017, entered into agreements with six (6) purchasers to sell an aggregate of 12,863,400 shares in the capital of the Company at S$0.95 per share for a total consideration of S$$12,220,230. This is for purposes of restoring the free float of the Company and with a view of resumption of trading of the shares of the Company. The above shareholding percentages are computed based on 186,335,089 Shares. Any discrepancies in the percentages listed and the totals thereof are due to rounding.

Remarks
Esteel acquired shares in the Company as a result of shareholders of Company who have not accepted the offer made by Esteel exercising their rights under Section 215(3) of the Companies Act. Please refer to the announcement by Esteel dated 8 November 2017. The above shareholding percentages are computed based on 186,335,089 Shares. Any discrepancies in the percentages listed and the totals thereof are due to rounding. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 178889130 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 96.00400000 (Deemed Interest)

AVIL holds 80.1% of the ordinary shares in Esteel. YZH is the sole shareholder of AVIL.

Remarks
Esteel acquired shares in the Company as a result of shareholders of Company who have not accepted the offer made by Esteel exercising their rights under Section 215(3) of the Companies Act. Please refer to the announcement by Esteel dated 8 November 2017. The above shareholding percentages are computed based on 186,335,089 Shares. Any discrepancies in the percentages listed and the totals thereof are due to rounding. Immediately after the transaction

No. of ordinary voting shares/units held: 178889130 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 96.00400000 (Direct Interest); 0.00000000 (Deemed Interest)

AVIL holds 80.1% of the ordinary shares in Esteel. YZH is the sole shareholder of AVIL.

Remarks
Esteel acquired shares in the Company as a result of shareholders of Company who have not accepted the offer made by Esteel exercising their rights under Section 215(3) of the Companies Act. Please refer to the announcement by Esteel dated 8 November 2017. The above shareholding percentages are computed based on 186,335,089 Shares. Any discrepancies in the percentages listed and the totals thereof are due to rounding. Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 178889130 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 96.00400000 (Deemed Interest)

AVIL holds 80.1% of the ordinary shares in Esteel. YZH is the sole shareholder of AVIL.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 178556081 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 95.83000000 (Deemed Interest)

AVIL holds 80.1% of the ordinary shares in Esteel. YZH is the sole shareholder of AVIL. Esteel received valid acceptances in respect of an aggregate of 186,335,089 issued and paid-up ordinary shares ("Shares") in the capital of the Company (excluding treasury shares) under the mandatory conditional cash offer ("Offer") made by ABN AMRO Bank N.V., Singapore Branch for an on behalf of Esteel to acquire all the Shares, other than those already owned, controlled or agreed to be acquired by Esteel at S$0.925 for each Share, during the period of the Offer from 8 September 2017 to 30 October 2017. The Offer was declared unconditional in all respects on 5 October 2017. Please refer to the Close of Offer Announcement dated 30 October 2017 for further details. The above shareholding percentages are computed based on 186,335,089 Shares. Any discrepancies in the percentages listed and the totals thereof are due to rounding.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 178556081 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 95.83000000 (Direct Interest); 0.00000000 (Deemed Interest)

AVIL holds 80.1% of the ordinary shares in Esteel. YZH is the sole shareholder of AVIL. Esteel received valid acceptances in respect of an aggregate of 186,335,089 issued and paid-up ordinary shares ("Shares") in the capital of the Company (excluding treasury shares) under the mandatory conditional cash offer ("Offer") made by ABN AMRO Bank N.V., Singapore Branch for an on behalf of Esteel to acquire all the Shares, other than those already owned, controlled or agreed to be acquired by Esteel at S$0.925 for each Share, during the period of the Offer from 8 September 2017 to 30 October 2017. The Offer was declared unconditional in all respects on 5 October 2017. Please refer to the Close of Offer Announcement dated 30 October 2017 for further details. The above shareholding percentages are computed based on 186,335,089 Shares. Any discrepancies in the percentages listed and the totals thereof are due to rounding.

Remarks
Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 178556081 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 95.83000000 (Deemed Interest)

AVIL holds 80.1% of the ordinary shares in Esteel. YZH is the sole shareholder of AVIL. Please see paragraph 8 of Substantial Shareholder C's Notification. Esteel received valid acceptances in respect of an aggregate of 186,335,089 issued and paid-up ordinary shares ("Shares") in the capital of the Company (excluding treasury shares) under the mandatory conditional cash offer ("Offer") made by ABN AMRO Bank N.V., Singapore Branch for an on behalf of Esteel to acquire all the Shares, other than those already owned, controlled or agreed to be acquired by Esteel at S$0.925 for each Share, during the period of the Offer from 8 September 2017 to 30 October 2017. The Offer was declared unconditional in all respects on 5 October 2017. The above shareholding percentages are computed based on 186,335,089 Shares. Any discrepancies in the percentages listed and the totals thereof are due to rounding.

Remarks
Acceptance of take-over offer for Listed Issuer Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$8,651,579.57 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
Acceptance of take-over offer for Listed Issuer Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$38,984,604.15 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)

HG Metal Pte Ltd is a wholly-owned subsidiary of HG Metal Investments Pte Ltd. Therefore, HG Metal Investments Pte Ltd is deemed interested in the Company's shares held by HG Metal Pte Ltd. HG Metal Pte Ltd is a wholly-owned subsidiary of HG Metal Investments Pte Ltd which is in turn a wholly-owned subsidiary of HG Metal Manufacturing Limited.

Remarks
Acceptance of take-over offer for Listed Issuer Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$38,984,604.15 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)

HG Metal Pte Ltd is a wholly-owned subsidiary of HG Metal Investments Pte Ltd which is in turn a wholly-owned subsidiary of HG Metal Manufacturing Limited. Therefore, HG Metal Manufacturing Limited is deemed interested in the Company's shares held by HG Metal Pte Ltd. HG Metal Pte Ltd is a wholly-owned subsidiary of HG Metal Investments Pte Ltd which is in turn a wholly-owned subsidiary of HG Metal Manufacturing Limited.

Remarks
Acceptance of take-over offer for Listed Issuer Amount of consideration paid or received by Substantial Shareholder/Unitholder (excluding brokerage and stamp duties): S$38,984,604.15 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)

By virtue of Section 7 of the Companies Act, Cap. 50, HG Metal Pte Ltd is deemed to be interested in the shares of the Company held by United Overseas Bank Nominees (Private) Limited. HG Metal Pte Ltd is a wholly-owned subsidiary of HG Metal Investments Pte Ltd which is in turn a wholly-owned subsidiary of HG Metal Manufacturing Limited.

Remarks
Acquisition of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 0 (Direct Interest); 81552151 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 0.00000000 (Direct Interest); 43.77000000 (Deemed Interest)

AVIL holds 80.1% of the ordinary shares in Esteel. YZH is the sole shareholder of AVIL. Please refer to the Offer Announcement dated 8 September 2017 ("Offer Announcement") for further details. The percentage of Shares held before and after the change is calculated based on the Company's total number of issued Shares of 186,335,089 (excluding treasury shares) as at the date of the transaction. Any discrepancies in the percentages listed and the totals thereof are due to rounding.

Remarks
Acquisition of Securities via off-market transaction (e.g. married deals) Immediately after the transaction

No. of ordinary voting shares/units held: 81552151 (Direct Interest); 0 (Deemed Interest) As a percentage of total no. of ordinary voting shares/units: 43.77000000 (Direct Interest); 0.00000000 (Deemed Interest)

AVIL holds 80.1% of the ordinary shares in Esteel. YZH is the sole shareholder of AVIL. Please refer to the Offer Announcement dated 8 September 2017 ("Offer Announcement") for further details. The percentage of Shares held before and after the change is calculated based on the Company's total number of issued Shares of 186,335,089 (excluding treasury shares) as at the date of the transaction. Any discrepancies in the percentages listed and the totals thereof are due to rounding.