SIMMTECH HOLDINGS Subsidiary Merger Decision for Operational Efficiency

SIMMTECH HOLDINGS subsidiary SIMMTECH INTERNATIONAL PTE. LTD. has decided to merge with fellow subsidiary SIMMTECH ASIA OPERATION PTE. LTD. under the same parent.
The merger is a simplified process with 100% shareholding, issuing no new shares and having no impact on the parent's consolidated financial statements.
The purpose of the merger is operational efficiency through simplification of the subsidiary structure, with the merger date scheduled for June 30, 2026.
No stock appraisal rights arise under Singapore law, and there is no dilution of existing shareholder value.
[AI Summary]This is a simple restructuring within the corporate group involving no capital changes or cash flow at the parent level. Therefore, there is no shareholder dilution or fundraising purpose, and the direct impact on stock price beyond operational efficiency is limited.