The Assembly Place Expands its Brand Portfolio with Launch of &ldquo Gather House&rdquo , its 8th Brand Soft Launch Achieves High Occupancy and Positive Reviews

• &ldquo Gather House&rdquo marks TAP&rsquo s 8th brand, expanding the Group&rsquo s portfolio into the premium capsule hostel segment, which underscores TAP&rsquo s efforts to broaden its accommodation ecosystem and brand portfolio to cater to different market segments.
   
• The brand concept of &ldquo Gather House&rdquo is targeted towards younger, independent and experience-driven travellers, combining accessible accommodation with a stronger focus on the overall guest experience.
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• The capsule format enables TAP to offer competitively priced accommodation without compromising on thoughtful design, cleanliness, communal facilities or the overall guest experience.&rsquo
   
• Located at 63 & 65 South Bridge Road, Gather House will comprise 132 beds upon full completion, with Phase 1 at 65 South Bridge Road comprising 72 beds and Phase 2 at 63 South Bridge Road comprising 60 beds (pending its TOP).
   
• Following its soft launch in early August 2026, Phase 1 of Gather House has achieved occupancy of above 90% and positive reviews, which is a testament to TAP&rsquo s marketing capabilities and deep market expertise across the real estate and hospitality sectors.
   

The Assembly Place: CEO Eugene Lim&rsquo s Insider Purchases at $0.23 per share on 14 August 2026

The Assembly Place (TAP): Following strong 1H2026 results and inaugural dividend declared, CEO & Director&rsquo s Insider Purchases at $0.23 - $0.233 

The Assembly Place Continues Strong Growth Trajectory as 1H2026&rsquo s Revenue Rises 33.9% with Net Profit Surging 80.7% Inaugural Interim Dividend Reflects the Strength of its Cash-Generative Business Model

• Revenue growth was primarily driven by the continued expansion of the Group' s core Community-Driven Stays segment, supported by an increase in master lease  agreements and a larger portfolio of keys under operation and management, with the total number of keys expanding from 3,018 as at 30 June 2025 to 3,520 as at 30 June 2026.
   
• Underpinned by higher rental income in 1H2026, gross profit increased 22.7% to S$11.2 million, despite cost of sales rising 75.1% to S$4.4 million.
   
• Reflecting the strength of its underlying business model, net profit surged 80.7% to S$2.2 million, which also accounted for the one-off, non-recurring IPO expenses of  S$0.2 million, share-based payments of S$0.2 million in 1H2026 as well as higher operating costs associated with increased business activities, among others.
   
• Net cash flows from operating activities increased to S$7.7 million during 1H2026  (1H2025: S$6.9 million).
   
• Strengthened balance sheet with total equity and cash and cash equivalents increasing significantly to S$41.6 million and S$11.5 million, respectively, as at 30 June 2026.
   
• Declared inaugural interim dividend of 0.1 SG cents per ordinary share for 1H2026, reflects the strength of its cash-generative business model and represents an important milestone that underscores its commitment to consistently deliver value to shareholders.
   
• Backed by its asset-light, scalable operating model and proprietary digital infrastructure that enhances resident engagement and customer stickiness,  the Group continues on a strong growth trajectory with a robust pipeline of new projects to further strengthen its position as Singapore' s largest and most diversified Community Living operator.

• The joint venture has recently completed the acquisition to acquire a prime freehold residential property at 50 Jalan Harom Setangkai, Singapore 258828 within the Bukit Timah area in District 10 with plans to redevelop it into five terrace houses for sale.
   
• The redevelopment project marks one of the first new terrace residential projects within the Bukit Timah area in District 10 in many years.
   
• Drawing on its track record in project execution, and sales and marketing for landed residential developments, the Group has been appointed as the project manager to oversee the redevelopment works and involved in the sales and marketing strategy of the project, from which it will earn project management and related fees.
   
• The redevelopment project is expected to be launched for sale in the fourth quarter of 2026, further strengthening its business pipeline.
   
• Highlighting its proven capabilities in landed residential developments, the Group is also the project and development manager for The Springleaf Collection, a boutique 999-leasehold landed development comprising ten terrace houses in District 26, which has launched successfully with majority of the project being sold.