Announcement

EFFECTIVE 1ST JAN 2024 ALL INVOICES ISSUED BY CATHAY ELECTRONICS ON AND AFTER 1ST OF JAN 2024 WILL BE SUBJECT TO GST OF 9%

Dear Valued Customers,

This announcement is to inform you about an upcoming change in the Goods and Services Tax (GST) rate that will impact your transactions at Cathay Electronics.

Effective 1 January 2024, the Singapore government will be increasing the GST rate from 8% to 9%. As a result, all purchases made at Cathay Electronics on or after this date will be subject to the new 9% GST rate.

What does this mean for you?

• Higher prices: Unfortunately, this means the price of your electronics purchases will be slightly higher due to the increased GST rate. We understand this may not be ideal, and we are committed to minimizing the impact on your shopping experience.

• Existing orders: Any orders placed before 1 January 2024 will still be subject to the 8% GST rate, even if they are delivered or picked up after the new rate takes effect.

• No change to our commitment: Despite the GST increase, our commitment to providing you with the best possible selection of electronics at competitive prices remains unchanged. We will continue to offer a wide range of promotions and discounts to help you save on your purchases.

Ensuring a smooth transition:

We understand that this change may raise some questions. To facilitate a smooth transition, we encourage you to:

• Visit our website or stores: Our friendly staff is always happy to answer any questions you may have about the GST increase and its impact on your purchases.

• Review your budget: If you are planning on making any major electronics purchases in the coming months, you may want to adjust your budget accordingly to account for the new GST rate.

• Stay informed: We will continue to provide updates on the GST increase through our website, social media channels, and in-store signage.

We appreciate your understanding and cooperation during this transition. We are committed to providing you with excellent service and value as we navigate this change together.

Sincerely,

The Cathay Electronics Team