Letter to Shareholders
LETTER TO SHAREHOLDERS
SERIAL ACHIEVA LIMITED
(Company Registration Number: LL 12218)
(Incorporated in Labuan, Malaysia)
Directors: Registered Offi ce:
Mr. Sean Goh Su Teng (Chairman and Non-Executive Director) Lot A020, Level 1, Podium Level,
Mr. Kenny Sim Mong Keang (Executive Director and Chief Executive Offi cer) Financial Park, Jalan Merdeka,
Mr. Tan Thiam Hee (Lead Independent Director) 87000 Federal Territory of Labuan,
Mr. Jason Su Weixun (Independent Director) Malaysia
Mr. Kenny Yap Kim Lee (Independent Director)
Mr. Solomon Tan Jun Zhang (Independent Director)
Ms. Victoria Goh Si Hui (Non-Executive Director)
14 April 2025
To: Shareholders of Serial Achieva Limited
THE PROPOSED RENEWAL OF SHAREHOLDERS’ MANDATE FOR INTERESTED PERSON TRANSACTIONS
INTRODUCTION
The purpose of this Appendix is to provide Shareholders with information relating to the proposed renewal of
shareholders’ mandate for interested person transactions (“IPT Mandate”) and to seek Shareholders’ approval
for the resolution in respect thereof to be tabled at the forthcoming AGM to be held on 29 April 2025 (“2025
AGM”).
At the EGM held on 22 January 2024, Shareholders had approved the IPT pursuant to Chapter 9 of the Catalist
Rules for the recurrent interested person transactions to be entered into by the Company with the Mandated
Interested Persons in the ordinary course of business and as set out in the Axington Inc. Circular.
The IPT Mandate will, unless revoked or varied by the Company at a general meeting, continue to be in force
until the 2025 AGM. If the proposed resolution for the renewal of the IPT Mandate is approved at the 2025
AGM, the IPT Mandate shall continue in force until the date on which the next annual general meeting of the
Company is held or is required by law to be held, whichever is the earlier. Accordingly, the Directors propose
that the IPT Mandate be renewed at the 2025 AGM.
CHAPTER 9 OF THE CATALIST RULES
2.1 Chapter 9 of the Catalist Rules governs transactions in which a listed company or any of its subsidiaries
or associated companies over which the listed company has control (other than a subsidiary or associated
company that is listed on a foreign stock exchange) enters into or proposes to enter into with a party who is an
interested person of the listed company. The purpose is to guard against the risk that the interested persons
could infl uence the li