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ADDENDUM
1.3 Terms of the Share Buy-back Mandate
The authority and limitations placed on purchases of Shares by the Company under the Share Buy-back Mandate are summarised below:
1.3.1 Maximum number of shares
Only Shares which are issued and fully paid-up may be purchased or acquired by the Company.
The total number of Shares that may be purchased or acquired by the Company is limited to that number of Shares representing not more
than 10% of the total number of ordinary shares of the Company as at the last annual general meeting which was held on 25 July 2013 or
as at the date of the annual general meeting at which the Share Buy-back Mandate is approved (the “Approval Date”) (whichever is the
higher) unless the Company has effected a reduction of the share capital of the Company in accordance with the applicable provisions of
the Companies Act, at any time during the Relevant Period, in which event the total number of ordinary shares of the Company shall be
taken to be the amount of the total number of ordinary shares of the Company as altered (excluding any treasury shares that may be held
by the Company from time to time).
For illustrative purposes only, based on the existing issued and paid-up capital of the Company as the Latest Practicable Date of
S$13,964,000 comprising 121,374,700 Shares, and assuming that no further Shares are issued on or prior to the AGM, not more than
12,137,470 Shares (representing approximately 10% of the total number of ordinary shares of the Company excluding treasury shares as
at that date) may be purchased or acquired by the Company pursuant to the Share Buy-back Mandate.
1.3.2 Duration of authority
Purchases or acquisitions of Shares may be made, at any time and from time to time, on and from the Approval Date, up to the earlier of:
(a) the date on which the next annual general meeting is held or required by law to be held;
(b) the date on which the Share Buy-backs are carried out to the full extent mandated; or
(c) the date on which the authority contained in the Share Buy-back Mandate is varied or revoked by an ordinary resolution of
shareholders of the Company in general meeting;
1.3.3 Manner of purchase of Shares
Purchases of Shares may be made by way of:
(a) market purchases (“Market Purchase”), transacted on the Catalist through the SGX-ST’s Reach securities trading system or, as
the case may be, any other securities exchange on which the Shares may for the time being be listed and quoted, through one or
more duly licensed stockbrokers appointed by the Company for the purpose; and/or
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