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ADDENDUM
1.3.4 Maximum Purchase Price
The purchase price (excluding brokerage, stamp duties, applicable goods and services tax and other related expenses) to be paid for the
Shares will be determined by the Directors. However, the purchase price to be paid for a Share as determined by the Directors must not
exceed:
(a) in the case of a Market Purchase, shall mean the price per Share which is not more than 5% above the average of the closing
market prices of the Shares over the last fve (5) Market Days on the Catalist, on which transactions in the Shares were recorded,
immediately preceding the day of the Market Purchase by the Company, and which is deemed to be adjusted in accordance with
the Listing Manual for any corporate action occurring after the relevant period of the fve (5) Market Days period; and
(b) in the case of an Off-Market Purchase, shall mean the price per Share based on not more than 25% above the average of the
closing market prices of the Shares over the last fve (5) Market Days on the Catalist, on which transactions in the Shares were
recorded immediately preceding the day on which the Company makes an announcement of an offer under an Off-Market
Purchase scheme, and which is deemed to be adjusted in accordance with the Listing Manual for any corporate action occurring
after the relevant period of the fve (5) Market Days period
in either case, excluding related expenses of the purchase (the “Maximum Price”).
For the purposes of (b) above:-
“day on which the Company makes an announcement of an offer” means the day on which the Company announces its intention
to make an offer for the purchase or acquisition of Shares from the Shareholders, stating therein the relevant terms of the equal access
scheme for effecting the Off-Market Purchase.
1.4 Status of purchased shares under the Share Buy-back Mandate
A Share purchased or acquired by the Company is deemed cancelled immediately on purchase or acquisition (and all rights and privileges
attached to the Share will expire on such cancellation) unless such Share is held by the Company as a treasury share. Where shares
purchased or acquired by a company are cancelled, such shares will be automatically de-listed from the Catalist. Where applicable,
certifcates in respect of such cancelled shares will be cancelled and destroyed by the Company as soon as is reasonably practicable after
following the settlement of such purchase or acquisition. Accordingly, the total number of issued Shares will be diminished by the number
of Shares purchased or acquired by the Company and which are not held as treasury shares.
At the time of each purchase of Shares by the Company, the Directors will decide whether the Shares purchased will be cancelled or kept
as treasury shares, or partly cancelled and partly kept as treasury shares, depending on the needs of the Company and as the Directors
deem ft in the interests of the Company at that time.
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