Solowin Holdings Ltd., a Cayman Islands-based company, has entered into a sale and purchase agreement with Liong Chew Seang @ Muliana and GPL Remittance Pte. Ltd., a Singapore-incorporated company. As part of the agreement, Solowin Holdings will purchase 190,000 ordinary shares in GPL, representing a 19% stake in the company, for a cash consideration of SGD161,500. The transaction is set to close on August 15, 2025, or on another date agreed upon by the parties. Post-closing, Solowin Holdings will assume responsibility for ensuring GPL's compliance with anti-money laundering regulations, among other undertakings. This deal also includes the appointment of new directors subject to regulatory approval. The agreement contains customary representations and warranties, with both parties agreeing to indemnify each other for breaches within specified limits.