AHL Annual Report FY2025

CRAFTING OUR

ANNUAL REPORT 2025

CONTENTS

1. About Us

2. Our Main Business

3. Global Presence

4. Managing Director's Message to Shareholders

17 Statement of Corporate Governance

46 Additional Information on Directors Seeking Re-election/

Appointment

Corporate Information

The Annual Report has been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor").

The Annual Report has not been examined or approved by the Singapore Exchange Securities Trading Limited ("SGX-ST") and the SGX-ST assumes no responsibility for the contents of this Annual Report, including the correctness of any of the statements or opinions made or reports contained in this Annual Report.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, at 83 Clemenceau Avenue, #10-01 UE Square, Singapore 239920, telephone

(65) 6590 6881.

ABOUT

THE GROUP'S MISSION

Advancing sustainable solutions.

Empowering our people and the community.

THE GROUP'S VISION

To be the global leader in innovative and sustainable Agri-technology and Clean Energy solutions.

CORPORATE VALUES

Adherence

to Advanced's Ethical Principles

Care

for our Stakeholders, the Community, the Environment and Respect the rights, differences and dignity of others

Excellence

is a Virtue we fully commit to all Stakeholders

Advanced Holdings Ltd. ("Advanced" or the "Company") was founded in 1993 and was listed on the Singapore Exchange in 2004. Over the years, the Company evolved from its engineering science origins into a diversified organisation with a growing presence across the food and feed sectors. Following a strategic review and in light of prolonged challenging prospects in the Oil and Gas sector, the Group completed its exit from that segment in 2024. This decisive step sharpened the Company's focus on building a technology enabled, scalable, sustainable agri-processing platform aligned with long term structural demand.

The Group's entry into the Advanced Agri-Processing sector ("Agri-Processing" or formerly termed as "Agri-Tech") began in 2019 with the acquisition of a minority stake in Agricore Global Pte Ltd. Today, Advanced operates a corn cleaning/drying processing facility in North Sulawesi Province, Indonesia through its subsidiary, Advanced Agri Pte

Ltd, supplying quality dried corn to the Indonesian and regional feed markets. This business is currently the core contributor to continuing operations and a key component of the Group's future growth strategy and business pipelines.

As the Group advances its next phase of development, it remains committed to disciplined capital allocation, strengthened governance, and operational excellence. Expansion initiatives are staged and milestone driven, with a focus on enhancing processing and storage capacity, improving plant utilisation, and deepening supply chain resilience. The Group also invests in capability building-both internally and across its farming ecosystem-through partnerships with accredited institutions and agricultural experts.

By placing people, technology, and sustainability at the centre of its strategy, Advanced is positioning itself to scale responsibly, support regional food security, and create enduring value for stakeholders.

ANNUAL REPORT 2025 01

OUR

The Group's principal business is the operation of its Corn Processing Plant in the Lolak District of Bolaang Mongondow Regency, North Sulawesi Province, Indonesia. This facility supports Indonesia's commercial feed industry by supplying a consistent stream of quality dried corn. With an annual production capacity of approximately 70,000 metric tons, the plant is designed to meet large scale demand efficiently and strengthen the reliability of the regional agricultural supply chain.

The facility incorporates advanced grain processing technologies, including Bühler Switzerland's pre-post cleaning systems, continuous drying system, which enhance product consistency and operational efficiency. Its sustainability focused design features a Biomass Furnace that can utilise 100% agriculture by products such as rice husks and corn cobs, agriculture and wood waste, reducing carbon emissions and improving energy efficiency. An Indirect Heating Furnace supplied by High Beam Engineering Co. Thailand further ensures uniform heat production and optimal product quality.

A significant milestone was achieved in May 2024 with the commencement of operations at the Corn Drying Plant, followed by its official inauguration in July 2024 by the Vice Governor of North Sulawesi. Since then, the facility has continued to mature operationally, with improvements in sourcing coordination, logistics, and plant level efficiency contributing to stronger throughput and better cost absorption.

To support sustainable agriculture and strengthen supply reliability, PT Advanced Agri Indonesia ("PTAAI") launched the Farmer Engagement Program ("FEP"). The initiative provides local farmers with training in modern cultivation techniques, soil and water management, high quality input selection, and good agricultural practices. Delivered in collaboration with local authorities and IPB University (Bogor Institute of Agriculture), the program aims to enhance farmer livelihoods, improve crop yields, and contribute to Indonesia's broader social and food security objectives.

As the Group progresses toward its next phase of growth, its focus remains on improving utilisation, enhancing operational efficiency, and scaling the business responsibly to unlock long term value for stakeholders.

02

ADVANCED HOLDINGS LTD. AND ITS SUBSIDIARIES

GLOBAL

(as at 31 December 2025)

Advanced Holdings Ltd Advanced Agri Pte Ltd Advanced Agri Trading and Services Pte Ltd Advanced Engineering Holdings Pte Ltd

21 Bukit Batok Crescent, #08-80 WCEGA Tower,

Singapore 658065

Tel : +65 6320 0102

Fax : +65 6320 0103

Agricore Global Pte Ltd 9 Raffles Place #26-01,

Republic Plaza Tower 1, Singapore 048619

PT Advanced Agri Indonesia

Rukan Puri Mutiara Blok BC No.10 & 11, Kel. Sunter Agung, Kec. Tanjung Priok, Jakarta Utara, DKI Jakarta 14350 Indonesia

Tel : +62 2129461411

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ANNUAL REPORT 2025