Republic Healthcare Limited announced that its indirect wholly owned subsidiary, Life Ark (Shenzhen) Technology Co., Ltd, entered into a six-year lease on 15 August 2025 with independent third party 深圳市啟龍信息技術有限公司 for Level 31 of China Merchants Qianhai International Center in Nanshan District, Shenzhen, covering approximately 3,206 sq m of gross floor area.

Key commercial terms • Lease term: 15 August 2025 to 14 August 2031 • Monthly base rent: RMB240,495 for years 1-3; RMB252,520 for years 4-5 (up 5%); RMB265,146 for year 6 (additional 5% rise) • Rent-free periods: a total of six months spread across the first four years (15 Aug–14 Nov 2025; 15 Aug–14 Sep 2026; 15 Aug–14 Sep 2027; 15 Aug–14 Sep 2028) • Monthly ancillary charges: RMB79,363.35 for property management, special maintenance and air-conditioning maintenance • Security deposit: RMB639,716 (equivalent to two months’ rent plus ancillary charges) • Right-of-use asset value recognised: approximately S$2.44 million under IFRS 16

Cost assessment The initial unit rent equates to about RMB75 per sq m per month, below the RMB110–150 range observed for comparable properties in Qianhai, Shenzhen. Management therefore considers the terms commercially favourable.

Strategic rationale The premises will house the Group’s clinic and medical-related operations in Qianhai, a PRC free-trade zone positioned as a strategic growth hub with supportive government policies. The Board believes the location will bolster the Group’s expansion and operational efficiency in mainland China.

Regulatory context Under Hong Kong’s GEM Listing Rules, recognising the right-of-use asset represents an acquisition, classifying the transaction as a discloseable transaction. Applicable percentage ratios exceed 5% but are below 25%, requiring announcement but not shareholder approval. The company acknowledged a previous delay in disclosure and has strengthened internal controls, including mandatory pre-approval and compliance checks for future leases.