Waiver::APPLICATION FOR EXTENSION OF TIME - RECEIPT OF NO OBJECTION LETTER FROM THE SGX-ST

EZION HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. 199904364E) (the "Company")

APPLICATION FOR AN EXTENSION OF TIME TO ANNOUNCE THE FINANCIAL STATEMENTS FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2021 (THE "3Q2021 FS") NOT LATER THAN 45 DAYS AFTER THE QUARTER END PURSUANT TO RULE 705(2) OF THE LISTING MANUAL OF THE SINGAPORE EXCHANGE SECURITIES TRADING LIMITED (THE "SGX-ST")

• RECEIPT OF NO OBJECTION LETTER FROM THE SGX-ST

1. INTRODUCTION
   The board of directors (the "Board") of Ezion Holdings Limited (the "Company" and together with its subsidiaries, the "Group") refers to the announcement made on 8 November 2021 in relation to its application to the SGX-ST seeking approval for an extension of time of 45 days to announce its 3Q2021 FS (the "Previous Announcement"). Capitalised terms not defined herein shall have the meanings ascribed to them in the Previous Announcement.
2. RESULTS OF THE WAIVER APPLICATION

1. The Board wishes to announce that the SGX-ST has confirmed that it has no objection to the waiver application made by the Company on 8 November 2021 (the "Waiver"), subject to the following:
2. 1. the Company announcing the Waiver granted, the reasons for seeking the Waiver, the conditions as required under Rule 107 of the Listing Manual of the SGX-ST and if the Waiver conditions have been satisfied. If the Waiver conditions have not been met on the date of the announcement, the Company must make an update announcement when the conditions have all been met; and
   2. submission of a written confirmation from the Company that it is not aware of any information that will have a material bearing on investors' decision which has yet to be announced by the Company.
3. The Company has complied with the above conditions (a) (please see the reasons as disclosed in the Previous Announcement) and (b).
4. Pursuant to the Waiver, the 3Q2021 FS will be announced by no later than 29 December 2021.

3. TRADING CAUTION

Although the Company's shares and securities are currently under suspension, shareholders, securityholders and investors are advised to read this announcement and any past and future announcements by the Company carefully when dealing with the shares and securities of the

1

Company. Shareholders, securityholder, and investors should consult their stockbrokers, bank managers, solicitors or other professional advisors if they have any doubt about the actions they should take or when dealing with their shares or securities of the Company.

By Order of the Board

Goon Fook Wye Paul

Company Secretary

30 November 2021

2