Completion of Proposed Acquisition

WINKING STUDIOS LIMITED

(Company Registration No. 159882)

(Incorporated in the Cayman Islands)

All capitalised terms used and not defined herein shall have the same meanings ascribed to them in the Company's announcement dated 27 March 2026 in relation to the proposed acquisition of all the issued and outstanding shares in the capital of Studios Ampera Inc. ("Ampera") (the "Previous Announcement").

The Board of the Company refers to the Previous Announcement and is pleased to announce that the completion of the Proposed Acquisition took place on 1 April 2026 (the "Completion") in accordance with the terms and conditions of the Share Purchase Agreement.

With the Completion, Claude Bordeleau, formerly a senior leader of Keywords Studios, joins the Group as Chief Revenue Officer and leads the Group's global commercial strategy across Western markets, reporting directly to Executive Director and Chief Executive Officer (Founder) Johnny Jan.

Further information on Ampera and the Proposed Acquisition are set out in the Previous Announcement.[1]

BY ORDER OF THE BOARD

Mr. Johnny Jan

Executive Director and Chief Executive Officer (Founder)

2 April 2026

This announcement has been reviewed by the Company's sponsor, PrimePartners Corporate Finance

Pte. Ltd. (the "Sponsor"). It has not been examined or approved by the Singapore Exchange Securities

Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Ms. Foo Jien Jieng, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, [email protected].

The information contained within this announcement is deemed by the Company to constitute inside

information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of

United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by

virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.

Enquiries

About Winking Studios Limited (AIM and SGX: WKS)

Headquartered in Singapore and dual-listed on the London Stock Exchange and Singapore Exchange (Trading Code: WKS), Winking Studios Limited is one of the leading global AAA game art outsourcing studios and an established game development company.

With over 25 years of experience and established track record, the Group provides end-to-end art outsourcing, game development services and other gaming services across various platforms for the global gaming industry via its three business segments of Art Outsourcing, Game Development and Global Publishing & Other Services.

The Group has 14 studios across Taipei, Nanjing, Suzhou, Dalian, Tianjin, Shanghai, Quebec and Kuala Lumpur with over 1,400 highly skilled employees serving a global customer base that includes 22 of the top 25 game publishers in the world.

For more information, please visit www.winkingworks.com.