General Announcement: : Corrigendum to the Notice of EGM dated 11 December 2020

ANCHOR RESOURCES LIMITED

(Company Registration Number 201531549N)

(Incorporated in the Republic of Singapore)

CORRIGENDUM TO THE NOTICE OF EGM DATED 11 DECEMBER 2020

The board of directors (the "Board" or "Directors") of Anchor Resources Limited (the "Company", and together with its subsidiaries, the "Group") refers to the Company's circular to shareholders ("Circular") and notice of extraordinary general meeting dated 11 December 2020 in relation to (A) the settlement of (1) guaranteed exchangeable bonds with an aggregate principal amount of S$2,000,000 issued to Luminor Pacific Fund 2 Ltd ("Luminor 2"); (2) non-convertible bonds with an aggregate principal amount of S$1,000,000 issued to Mr Gan Huai Shi; and (3) non-convertible bonds with an aggregate principal amount of S$1,500,000 issued to Ms Koh Ah Luan, by way of (i) issuance of up to 249,200,000 new shares in the capital of the Company to Luminor 2; and (ii) disposal of 100% of the issued share capital of Angka Alamjaya Sdn. Bhd. ("AASB") as a major transaction; and (B) entry into the management services agreement with AASB as an interested person transaction (the "Notice"). Unless otherwise defined, all capitalised terms used herein shall bear the same meanings ascribed to them in the Circular and the Notice.

The Board wishes to clarify that in Note (2) to Ordinary Resolution 5 in the Notice, there is a typographical error where references to Ordinary Resolution 2 were repeated and the reference to Ordinary Resolution 6 is incorrect. Accordingly, Ordinary Resolution 5 is independent of each of Ordinary Resolution 1, Ordinary Resolution 2, Ordinary Resolution 3 and Ordinary Resolution 4only.

Consequently, the Company wishes to inform the Shareholders of the following amendments to the Circular and the Notice (corrections in strikethroughand underlinedfor easy reference).

1. Notice of Extraordinary General Meeting, Note (2) to Ordinary Resolution 5 (page N-3):
   "Ordinary Resolution 5 is independent of each of Ordinary Resolution 1, Ordinary Resolution 2, Ordinary Resolution 3, Ordinary Resolution 2 and Ordinary Resolution 6and Ordinary Resolution 4, and may be passed separately. However, in the event that Ordinary Resolution 2, Ordinary Resolution 3 and/or Ordinary Resolution 4 is not passed, even if Ordinary Resolution 5 is passed, the Proposed Disposal may not be completed or may be partially completed only."

Save as disclosed above, all other information contained in the Circular remains unchanged.

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By Order of the Board

Dr Wilson Tay Chuan Hui

Lead Independent Director and Non-Executive Chairman

16 December 2020

This announcement has been prepared by Anchor Resources Limited (the "Company") and its contents have been reviewed by the Company's sponsor, UOB Kay Hian Private Limited (the "Sponsor") for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Lance Tan, Senior Vice President, at 8 Anthony Road, #01-01, Singapore 229957, telephone (65) 6590 6881.

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