NIPPECRAFT LIMITED ANNUAL

Letter to Shareholders

LETTER TO SHAREHOLDERS DOCUMENTS AVAILABLE FOR INSPECTION Copies of the following documents are available for inspection at the registered office of the Company at 9 Fan Yoong Road Singapore 629787 during normal business hours from the date of this Appendix up to and including the time and date of the 2020 AGM: (a) the Constitution of the Company; and (b) the Annual Report for FY2019. Yours faithfully For and on behalf of the Board of Directors of NIPPECRAFT LIMITED Connie Oi Yan Chan Executive Chairlady and Chief Executive Officer 24 ANNEX A THE IPT MANDATE Chapter 9 of the Catalist Rules 1.1 Chapter 9 of the Catalist Rules governs transactions between a listed company, as well as transactions by its subsidiaries and associated companies that are considered to be “at risk”, with the listed company’s interested persons. 1.2 Terms such as “interested person”, “associate”, “associated company”, “controlling shareholder”, “and entity at risk”, “interested person transaction” and “transaction” shall have the meanings given to them in the Catalist Rules. 1.3 Except for any transaction which is below S$100,000 in value and certain transactions which, by reason of the nature of such transactions, are not considered to put the listed company at risk to its interested person and hence are excluded from the ambit of Chapter 9 of the Catalist Rules, when this Chapter applies to a transaction with an interested person and the value of the transaction alone or in aggregation with other transactions conducted with the same interested person during the financial year reaches or exceeds certain materiality thresholds (which are based on the listed company’s latest audited consolidated NTA), the listed company is required to make an immediate announcement, or to make an immediate announcement and seek its shareholders’ approval for the transaction. An immediate announcement is required for an interested person transaction of a value equal to, or exceeding: (a) 3% of the listed company’s latest audited consolidated NTA; or (b) 3% of the listed company’s latest audited consolidated NTA, when aggregated with the values of all other transactions entered into with the same interested person (as construed under Chapter 9 of the Catalist Rules) during the same financial year. Shareholders’ approval (in addition to an immediate announcement) is required for an interested person tran