AGV GROUP LIMITED

(Company Registration No. 201536566H)

(Incorporated in the Republic of Singapore on 2 October 2015)

UPDATES ON INVESTIGATION INTO COMPLAINT FROM WHISTLE-BLOWERS

1. INTRODUCTION
   The Board of Directors (the "Board") of AGV Group Limited (the "Company" and together with its subsidiaries, the "Group") refers to the announcement (the "Earlier Announcement") made by the Company on 29 August 2021 in relation to the receipt of a complaint from whistle- blower(s) (the "Complaint") concerning Mr Chua Wei Kee ("Mr Chua"), the former Executive Chairman of the Company, as well as the Company's responses to the queries raised by Singapore Exchange Regulation Pte. Ltd. ("SGX RegCo") in relation to the Complaint published on 31 August 2021, 16 September 2021 and 28 November 2021.
   Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings ascribed to them in the Earlier Announcement.
   Due to the sensitivity of the allegations raised in the Complaint and to protect the confidentiality and identity of the whistleblower(s), this announcement will not state how many whistleblowing report(s) was/were received and the identity(ies) of this/these whistleblower(s). For ease of reference, the whistleblower(s) will be referred to in the plural in this announcement as
   "Whistleblowers" henceforth.
2. AGREED-UPONPROCEDURES

1. As set out in the Earlier Announcement, the Audit Committee of the Company (the "AC") had engaged internal auditors, Nexia...

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