Announcement

Memories Group Acquires Burma Boating, Eyes Further Portfolio Expansion

SGX-Catalist listed Memories Group Limited (“Memories Group” or the “Company”) and together with its subsidiaries (the “Group”), a Myanmar-based tourism-focused company, has entered into a sales and purchase agreement with Tint Tint Travel and Tours Company Limited and Freepier Limited to acquire Burma Boating business for a purchase price of Kyat 1.3 billion (approximately US$1.0 million), which will be satisfied in cash and funded by the Group’s internally generated funds (the “Acquisition”). This is Memories Group’s first acquisition since its listing in January 2018 and marks the commencement of Memories Group’s expansion plan to further build an integrated tourism platform.

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