HomesToLife Ltd

As no consideration was paid by our Group to procure the corporate guarantees provided by Golden Hill Capital Pte. Ltd., the corporate guarantees were not provided on an arm’s length basis and were not on normal commercial terms. However, as these corporate guarantees were to secure the obligations of our Group, our Directors are of the view that they are not prejudicial to the interests of our Group and our minority shareholders.

It is envisaged that we will continue the above transactions with the above interested persons in the ordinary course of our business in the future. Upon the completion of the Listing, we will comply with the methods and procedures set out under the section entitled “Interested Person Transactions – General Mandate For Interested Person Transactions” of this Introductory Document.

For completeness, our Company had entered into the 2026 Deed of Global Settlement with Golden Hill Capital Pte. Ltd. on 30 June 2026 to establish a framework for settlement of all receivables and payables between our Group and the GHC Group on an ongoing basis for financial quarters from 2Q2026 onwards, further details of which are set out in paragraph 24(e) of the section entitled “General Information – Material Contracts”. The 2026 Deed of Global Settlement is a settlement mechanism relating to the underlying transactions disclosed in this section, and does not in itself constitute a separate interested person transaction as there is no amount at risk to our Group.