The Board of Directors of Wellspire wishes to announce that the Company intends to seek the approval from its shareholders for the Proposed Renewal of Shareholders' Mandate and Proposed New Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature ("Proposed Shareholders' Mandate") at the forthcoming 2nd Annual General Meeting of the Company.

The Circular and Notice of Annual General Meeting setting out the details of the Proposed Shareholders' Mandate will be sent to the shareholders of the Company in due course.

This announcement is dated 2 April 2024.