Bonvests Holdings LimitedSGX: B28

Asset Acquisitions and Disposals: : Completion of Acquisition of Properties by a Subsidiary

· Issued by Bonvests Holdings Limited

BONVESTS HOLDINGS LIMITED (Registration No. 196900282M)

COMPLETION OF ACQUISITION OF PROPERTIES BY A SUBSIDIARY

The Board of Directors of Bonvests Holdings Limited (the "Company") refers to the announcement dated 6 January 2021 in relation to the acquisition of properties in the Ubud area of Melinggih Kelod Village, Payangan District, Gianyar Regency, Bali, Indonesia ("Acquisition").

The Company is pleased to announce that the Acquisition has been completed.

By Order of the Board

Foo Soon Soo

Company Secretary

3 November 2021