BROMAT HOLDINGS LTD. ANNUAL

Letter to Shareholders

Chairman’s Statement as their significant contributions to the Group in these exciting but challenging times. By staying true to our traditions and preserving our core values while engaging a customer-oriented approach to pursue culinary excellence, we hope that all our existing and new customers can enjoy delicious and savoury cuisines at all our restaurants. Last but not least, I would like to extend my warmest appreciation to our valued shareholders for displaying faith in the strategic direction of the Group as we strive towards generating greater shareholder returns with a longer term and sustainable future. Mr Sam Lim Yong Sim Executive Chairman and Group CEO 11 May 2020 4 No Signboard Holdings Ltd. ANNUAL REPORT 2019 Our Corporate Structure Operates Seafood Restaurant Business SINGAPORE NSB-IP NSB-CENTRAL CHILLI CRAB HOLDINGS KITCHEN PTE LTD PTE LTD PTE LTD 100% 100% 100% Operates Beer Business NSB NSB GLOBAL TAO BREWERY RESTAURANTS FRANCHISE PTE LTD PTE LTD MANAGEMENT PTE LTD 100% 100% 100% Operates quick-serve Operates restaurant Franchise Brands NSB-CRAB HAWKER QSR NSB DANISH DRAFF BEER FACTORY PTE LTD FRANCHISEE BREWERIES PTE LTD PTE LTD PTE LTD PTE LTD 100% 100% 100% 100% 100% NSB-CRAB NSB- NSB HOTPOT FACTORY (CHINA) MOM’S TOUCH PTE LTD PTE LTD PTE LTD 100% 100% 100% LION F&B NSB- MANAGEMENT MOM’S TOUCH (SHANGHAI) SDN BHD CO LTD 100% 100% ANNUAL REPORT 2019 No Signboard Holdings Ltd. 5 Our Corporate Milestones Little Sheep Hotpot Nov 2nd outlet opened 2019 at Orchard Gateway Nov Mom’s Touch 2019 2nd outlet opened at Esplanade Mall Mom’s Touch 1st outlet opened Oct No Signboard Seafood at PLQ Mall Aug 2019 1 o s p t e o n v e e d r s a e t a K s 1 o 1 u M tle A t L L, 2019 Shanghai Signed a master franchise agreement to expand Mom’s Touch - Korean fried Dec Little Sheep Hotpot chicken gourmet in 1st outlet opened at Oct 2018 Singapore and Malaysia One Fullerton 2018 Entered into the fast food market with a new concept offering Nov Awarded Top Brand “hawker–themed” 2018 for Seafood Restaurant burgers, wraps Jun category 2018 and buns. 2018 Secured franchise Acquired remaining 20% Jun rights to develop and in Danish Breweries 2018 Jun operate Little Sheep 2018 Hotpot restaurant concept in Singapore Acquired 80% of Danish-style Nov Listed on the Catalist lager beer business 2017 board of SGX-ST Danish Breweries 2017 Jun Awarded Outstanding Awarded Si