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ADDENDUM
Under the Listing Manual, a listed company may purchase shares by way of Market Purchases at a price per share which is, inter alia, 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. The Maximum Price for a Share in relation to Market Purchases by the Company conforms to this restriction.
The Listing Manual specifes that a listed company shall report all purchases or acquisitions of its shares to the SGX-ST not later than
9.00 a.m., (a) in the case of a Market Purchase, on the Market Day following the day on which it purchased shares and (b) in the case
of an Off-Market Purchase under an equal access scheme, on the second Market Day after the close of acceptances of the offer. Such
announcement currently requires the inclusion of details of the total number of shares purchased, the purchase price per share or the
highest and lowest prices paid for such shares, as applicable and such announcement must be made in the form of Appendix 8D of the
Listing Manual.
While the Listing Manual does not expressly prohibit any purchase of shares by a listed company during any particular time or times,
because the listed company would be regarded as an “insider’ in relation to any proposed purchase or acquisition of its issued shares,
the Company will not undertake any purchase or acquisition of Shares pursuant to the proposed Share Buy-back Mandate at any time
after a price sensitive development has occurred or has been the subject of a decision until the price sensitive information has been
publicly announced. In particular, in line with the best practices guide on securities dealings issued by the SGX-ST, the Company would
not purchase or acquire any Shares through Market Purchases during the period of one month immediately preceding the announcement
of the Company’s half year results and the annual (full-year) results respectively. Pursuant to Rule 705(2)(c) of the Listing Manual, the
Company will be required to announce its unaudited fnancial results on a quarterly basis starting from the quarter ending 30 June 2015.
As such, once the Company is required to announce quarterly fnancial results, the Company would not purchase or acquire any Shares
through Market Purchases commencing two weeks before the announcement of the Company’s fnancial results for each of the frst three
quarters of its fnancial year and one month before the announcement of the Company’s annual (full year) results.
1.10 Listing Status
The Company is required under Rule 723 of the Listing Manual to ensure that at least 10% of its Shares are in the hands of the public.
The “public”, as defned under the Listing Manual, are persons other than the Directors, chief executive offcer, substantial shareholders or
controlling shareholders of the Company and its subsidiaries, as well as the associates (as defned in the Listing Manual) of such persons.
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