Kimly Limited

Extract of a press release on 26 Aug 2020:

Since IPO, the Group has been proactively extending its footprints especially in areas where they do

not have a presence by acquiring food outlets in strategic locations. On average, the Group has

been able to secure the leases between 3 to 5 new outlet locations each year. Notwithstanding

the limited existing supply of coffeeshop properties, the Group has accelerated its pace in acquiring

food outlets and continued to showcase its established track record in acquiring new outlet locations.

The Group has acquired a total of 8 food outlet properties for an aggregate consideration of S$55.815 million.

With the completion of the Phase 2B Acquisition, the Group currently boasts a portfolio of

80 food outlets and 134 food stalls, representing an increase of 25.0% and 10.7%, respectively,

since its IPO. Following the acquisition of the portfolio of 8 food outlets, the Group is able to enhance

its profitability through additional and recurrent rental stream and capital gains, which mitigates the

uncertainties in the private leasing category. In line with the growth in food outlets and food stalls,

the Group has also registered revenue of S$208.3 million in FY2019, representing an annual growth

Salient points in Kimly press release on 26 Aug ' 20:

1. on average group able to secure 3 to 5 outlets/locations each year
2. group has accelerated its pace in acquiring new outlets
3. portfolio of 80 food outlets represent an increment of 25.0%
4. portfolio of 134 food stalls represent an increment of 10.7%
5. profitability is enhanced through additional and recurrent rental stream and capital gains
6. revenue of S$208.3 million in FY2019 represent annual growth of 21.0% since listing in 2016

Other notes:
1. 1st half (Oct' 19 to Mar' 20) profit n revenue has improved by 5.0% and 3.0%
2. company has high cash n low debt
3. the big acquisitions were in Nov/Dev ' 19 and June ' 20
4. financial results of acquisitions will be fully reflected in the coming financial year.
5. because of the high scale of the acquisitions the results are likely to be substantial.

Above are just my views. Dyodd

Given the recent aggressive acquisitions, the company is likely to enjoy a substantial jump in revenue n profits in the coming years. Profits for the 1st half of 2020 are 5.0% higher than the previous year. The company' s current p/e is among the lowest among the listed food companies.

Heavily vested for the long term. Dyodd.

Kimly

ENTRY INTO JOINT VENTURE AGREEMENTS TO OPERATE AND MANAGE SHORT-TERM HDB COFFEESHOP LEASES

1. INTRODUCTION

1.1 The Board of Directors (" Board" ) of Kimly Limited (the " Company" , and together with its subsidiaries, the " Group" ) refer to its earlier announcement dated 21 February 2020, in relation to the proposed acquisition of interests in
a portfolio of coffeeshop leases, coffeeshop units, and industrial canteen units (" Proposed Acquisition" ).

1.2 The Board is pleased to inform the shareholders that its wholly-owned subsidiary, Kimly Makan Place Pte. Ltd. (" KMP" ) has, on 9 September 2020, entered into the following two (2) joint venture agreements (" JVA" ) with the following third parties to operate and manage the respective short-term Housing and Development Board (" HDB" ) coffeeshop leases (" Lease" ) of the coffeeshops below cited, held by the respective two (2) joint venture companies (collectively, the " JVCOs" ):

(a) a JVA with Hong Kah Holdings Pte Ltd (" HKH" ) in relation to, inter alia, the operation and management of the coffeeshop located at Block 376 Bukit Batok Street 31 #01-126 Singapore 650376 (the " Bukit Batok 376 Coffeeshop" ) leased by the JVCO, Hong Kah Food Place Pte Ltd and

(b) a JVA with Joo Seng Holdings Pte Ltd (" JSH" ) in relation to, inter alia, the operation, and management of the coffeeshop located at
Block 1 Upper Aljunied Lane #01-02 Singapore 360001 (the " Upper Aljunied 1 Coffeeshop" ) leased by the JVCO, Joo Seng Food Place Pte Ltd.

Above is an extract from the press announcement. For more details, pls refer to the company' s announcement on SGX.

Kimly: Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer :: Disclosure of Change in Interest of Director - Chia Cher Khiang

Kimly: Disclosure of Interest/ Changes in Interest of Director/ Chief Executive Officer :: Disclosure of Change in Interest of Director - Lim Hee Liat

Open market purchases:

1. Executive Director Chia Cher Khiang, open market purchase of 2,000,000 shares on 24 Sept 2020.
Total number of shares held - 19,473,391

2. Executive Chairman, Lim Hee Liat, open market purchase of 4,000,000 shares on 24 Sept 2020.
Total number of shares held - 493,915,165

For info only. Vested.